Transneft obtained direct access to the foreign exchange section at the Moscow Stock Exchange and carried out its first transactions there.
In its debut transaction the Company sold USD 10,000 with settlement terms tomorrow (TOM, i.e. 6 October 2017).
Since 16 January 2017 Russian legal entities that are not credit institutions or professional participants of the securities market have the right to make transactions on the foreign exchange section at the Moscow Stock Exchange on a par with banks and brokerages. The key advantages of the market are transparency in price formation, liquidity, and guaranteed performance of obligations by transaction parties.