The proposed move will enable the government to attract business houses, while decrease the stock trading, which is being done overseas.
Russia National Settlement Depository (NSD) executive board head Eddie Astanin was quoted by Bloomberg as saying that the NSD, is engaged in talks to build a direct settlement link that will avoid intermediaries to reduce the time and cost of transactions.
The arrangement would be "an extra way to channel liquidity into the Russian stock market from foreign investors," Astanin added.
"This is being done as part of the development of the Moscow Exchange."
Further, the bourse also aims to curtail the number of Russian equities traded overseas to between 20% and 25% of the total by 2015, from nearly 40% currently.
KDPW international client relations head Michael Lukac told the news portal that Poland national depository for securities KDPW is also planning to offer a link that will allow investors to hold Russian OFZs on its account with Russia’s NSD.
"We presume that we will be able to offer lower" fees to Polish investors for keeping Russian government OFZ bonds on their account with the NSD rather than Russian banks, Lukac added.
