The Bank of Russia revoked banking licenses of three banks, Investbank, Smolensky bank and Project Finance Bank, on 13 December. National Clearing Center performing as the central counterparty on all Moscow Exchange"s markets will ensure that all banks" obligations to the counterparties will be fulfilled in full and in a timely manner.
FTSE Mondo Visione Exchanges Index:
The Central Counterparty Of Moscow Exchange To Fulfill Obligations Of Three Banks Shut Down By The Bank Of Russia
Date 16/12/2013