3rd International Rouble Settlement Forum

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3rd International Rouble Settlement Forum

• Jon Kemp- Citi Securities Banking

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Why the need for Rouble forum?

• Provide the industry with confidence in the
  infrastructure to encourage international
  investment
• Draw up a collective road-map that highlights the
  wishes of the international community vs. the
  constraints in Russia
• End the myth that the RUB clearing system is a
  mine field
• Networking.

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Next Steps for the International Community

• Ensure RUB correspondents take up membership of
  BESP
• Understand intricacies to deliver STP environment
• Work with correspondents to deliver robust,
  accurate funding processes
• Continue, as a forum, to share best practice to
  create consistency across the market
• Create a level playing field to ensure service
  standards remain optimum