Russian Structured Products
Conference
Baltschug Kempinski
About Conference
Moscow Exchange
«The Moscow Stock Exchange invites you to take part in the third annual Russian Structure Products Conference. Changing in legislation of structural products allows us to start the discussion into a practical plane. We will have a unique opportunity to form the feedback and position of the participants for the further development of the market for structural bonds».
«Dear friends! I’m happy to invite you to the annual NAUFOR-MOEX conference devoted to the market of structural products in Russia. Recent legislative amendments seriously affected the market. Therefore, NAUFOR, self-regulating organization, is getting ready for a new challenges associated with repatriation and restructuring of business, issuance and offering of structured products. I’m sure that discussion among such a professional audience will help us to determine the rules of the game and unite forces for the development of this market».
NAUFOR
Our Sponsor
Program
- 9:30-10:00
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Registration
- 10:00-11:30
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Setting better regulation of the structured product market
Participants:
Elena Kuritsyna, Bank of Russia
Anna Kuznetsova, Moscow Exchange
Alexey Timofeev, NAUFOR
Maksim Danilov, ARIA
Edward Golosov, BCS Capital
Pavel Vasiliev, Sberbank CIB
Moderator: Kirill Pestov, Moscow Exchange
Topics for discussion:
- Major changes in the regulation following the introduction of the new act
- Further steps to be undertaken by the regulator to improve the regulatory framework of the structured product market
- Features of a structured bond issue; the prospects of the law aimed to simplify the bond issues procedures
- The role of self-regulating organizations in developing standards of structured product offerings and disclosure
- Structure product risk classification
- Overview of the European structured product markets
- Categories of investors eligible for structured bonds; criteria for structured bonds intended for non-qualified investors and collective investment
- Differences in the regulation of structured products in the contractual and securitized forms
- 11:30-11:45
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Break
- 11:45-13:15
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The future of the structured product market in Russia
Participants:
Pavel Vasiliev, Sberbank CIB
Eric Barthe, Leonteq Securities. Presentation «Designing Structured Products for performance»
Gleb Shevelenkov, Moscow Exchange
Franz Hep, BCS Capital
Denis Anoshin, Alfa-Bank
Yaroslav Podsevatkin, ATON
Dimitri Feofanov, Leonteq Securities
Alexey Kachalov, VTB
Moderator: Elvira Borzunova, NAUFOR
Topics for discussion:
- Key factors preventing the development of the structured product market in Russia
- Most popular types of structured products on the Russian market in the coming years
- Specifics of the Russian structured product market
- Criteria for structured bonds intended for non-qualified investors
- Resolving whether the prescribed list of underlying assets is clear and full
- Maintaining buy/sell quotes by issuers
- Professional market participant’s responsibility before investors
- Forms and scope of information to be released at selling of a structured bond
- 13:15-13:45
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Coffee break
- 13:45-15:15
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Legal aspects of structured products issuing and its turnover
Participants:
Alexander Skoryukin, Bank of Russia
Pavel Filimoshin, Bank of Russia
Oleg Ushakov, EPAM
Mikhail Malinovsky, LECAP
Oleg Bychkov, EMPP
Andrey Murygin, Linklaters
Moderator: Alexander Anichkin, Сlifford Chance
Topics for discussion:
- Creating SPVs under the Russian law
- Collateral deposits
- The term “complicated financial product” in the regulation
- Closing-out netting option
- Reducing the risk of trade contestation
- Reasons for developing the standards
- 15:15-15:30
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Coffee break
- 15:30-17:00
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Accounting and taxation of structured products
Participants:
Alexander Mukhachev, Federal Tax Service of Russia
Tatiana Delizhanova, Otkritie Broker
Ivan Sychev, Ernst & Young
Alla Talacheva, Renaissance Capital
Olga Danelyan, BCS
Moderator: Vladimir Murzin, Moscow Exchange
Topics for discussion:
- Features of accounting for structured bonds
- Determining the market/settlement price of a bond
- Portfolio value; daily VaR estimates
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- Taxation of structured products
- Problems with taxation of individual investors
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Anna Kuznetsova
Managing Director of Securities Market, Member of the Executive Board, Moscow Exchange
Alexey Timofeev
President of NAUFOR
Elvira Borzunova
President’s advisor NAUFOR
Kirill Pestov
Managin Director of Business Development Department, Moscow Exchange
Franz Hep
Managing Director, Global Head of Structured Products, BCS Capital
Pavel Vasilyev
Director, Structured Products Department, Sberbank CIB
Dimitri Feofanov
Client Relationship Officer, Leonteq Securities
Alexander Anichkin
Partner, head of tax and financial regulation practice, Сlifford Chance
Alexander Skoryukin
Economic Advisor, Bank of Russia
Oleg Ushakov
Senior Associate, Law Offices EPAM
Mikhail Malinovsky
Partner, LECAP
Oleg Bychkov
Partner, EMPP
Tatiana Delizhanova
Chief Accountant, OTKRITIE Broker
Yaroslav Podsevatkin
Partner, Head of Trading, ATON
Eric Barthe
Global Head of Structuring, Leonteq Securities
Edward Golosov
CEO, BCS Capital, Deputy CEO for Investment and Insurance Business, BCS Financial Group Member of the Executive Board
Gleb Shevelenkov
Head of Debt Capital Markets Moscow Exchange
Denis Anoshin
Director, Structured Products, Alfa-Bank
Vladimir Murzin
Tax Director, Moscow Exchange
Andrey Murygin
Partner, Linklaters
Alla Talacheva
Tax Director, Renaissance group
Alexey Kachalov
Director, Structured products, VTB Capital Investments
Registration
Thank you for your interest in the 3d Russian Structured Products Conference.