Rosbank issued an index CFA on the Atomais platform

2023

Issue of index CFA on Atomaiz platform

A special type of CFA has been released on the Atomais platform - their cost is tied to the Moscow Exchange index for 2024. Rosbank announced this on December 27, 2023.

Qualified investors can earn up to 25% per annum if the index grows, and if the index falls, they will not lose money. With negative MOEX dynamics, the issuer will repay the CFA at their original cost, returning 100% of the face value to the CFA owners.

This is the first index CFA from Atomais and Rosbank. It allows investors to get not only capital protection, but also returns with a high potential to advance the current key rate and many other financial products, "said Pavel Sidorkin, Product Director of Atomais.

We express our full satisfaction with the use of CFA as a format for the release of structured products. This format provides high speed, convenience and saves on infrastructure costs. Our bank intends to further develop this format by introducing structured income CFA into our product offering. We also conducted operational training for client managers and actively inform our clients about this innovation, "said Olga Makhova, Director of Changes, Innovations and Data Management at Rosbank.

Release Options:

• output - more than 100 million rubles;
• number of CFA - by the number of applications received;
• the cost of 1 CFA - 100,000 rubles;
• circulation period - 1 year, early repayment is not provided;
• yield - formed due to the possible growth of the Moscow Exchange index in 2024, in the range from 0.000001 to 25%

Launch of Russia's first hybrid digital gold rights

Atomais and Rosbank on November 9, 2023 announced the launch of the first hybrid digital gold rights in Russia. According to representatives of the parties, the instrument carries two innovations: the first is the possibility of choosing a convenient repayment format (money or a gold bar), the second is an interesting price for the investor.

The investor buys "digital gold" at a 2% discount to the current market value, which is determined on the basis of the Mosbirzhi indicator (according to the GLDRUB_TOM -2% formula). When repaid, it receives the full present value of gold (GLDRUB_TOM) or an ingot from the bank's storage. Thus, the investor has the opportunity not only to participate in the dynamics of the price of gold, but also to receive a 2% premium to the value of the underlying asset. In addition, the investor does not bear expenses related to the possession of physical ingots (storage, security) until the moment of repayment of the MCP. The issuing bank stores the bars during the term of circulation of the MCP and redeems them in case of repayment in money.

Details:

• Issuer - Rosbank PJSC;
• volume of output - 170 thousand rubles (or 30 grams of refined gold 999.9 samples of Russian production);
• the circulation period is 3 months.
• two types of right to choose:
  • monetary claim in the amount of the value of gold,
  • the right to demand the transfer of a gold ingot from the bank's vault.

"Investing in gold using the MCP allows you to own an ingot in a convenient digital form and flexibly manage it depending on market conditions. Another advantage of this tool is an attractive spread, "said Ekaterina Frolovicheva, CEO of Atomais.

For this issue, Rosbank acquires gold bars in advance in the amount of their full value. The producer (subsoil user) supplies ingots according to an agreed schedule, which simplifies the sale of gold to him. At the same time, Rosbank manages credit risk when advancing the manufacturer, and the interest rate included in the advance payment allows the issuing bank to sell bullion to investors at a discount.

The pilot release is targeted. On its basis, Atomais and Rosbank are planning to launch a mass partner product for retail investors. Findustric Consulting Group was a partner in structuring the issue and preparing issue documentation.

"For the first time in the history of the Russian financial market, when repaying an investor, it will be possible to get gold bars. This is a win-win product that is interesting for gold mining companies, the issuing bank, and investors. Although this release is pilot, but when scaled, I am sure that the product will be in demand and in demand. Perhaps this issue will be a turning point in the history of the CFA, "said Natalya Voevodina, chairman of the board of Rosbank.

The first deal in Russia to exchange digital gold using digital rubles

In February 2023, Rosbank announced the demonstration of the first deal in Russia to exchange digital gold using digital rubles. It involved the exchange of tokenized gold between the two parties using innovative distributed register (blockchain) technology to ensure the security and continuity of the process. The project was implemented jointly with the Atomais platform.

Rosbank demonstrated the first deal with digital gold for digital rubles in Russia

According to the press service of Rosbank, in order to become an investor or issuer on the CFA platform, the user needs to register, which is available in the mobile and web versions of the application. Information on the transfer of ownership rights to the CFA will be displayed in the personal accounts of the investor and the issuer, and the token will be stored in a special register. The investor places a trading offer for the sale of CFA in the required amount, and the potential buyer accepts it. After the conclusion of the transaction, the buyer is calculated with the investor in digital rubles. The transfer of ownership rights to the CFA and the fact of payment are reflected in the personal accounts of the investor and buyer.

This transaction demonstrates the growing interest in digital financial assets and the need for reliable and secure solutions for these transactions, including the possibility of settling for them with a new form of Russian national currency, the digital ruble, the credit institution said.

We are very pleased that we played a key role in this successful digital gold deal, ensuring synergy between two innovative projects based on distributed registers, the CFA platform and the digital ruble platform, "says Olga Makhova, Director of Innovation and Data Analysis at Rosbank. - The increasing proliferation of digital assets highlights the need for secure and effective solutions, and Rosbank is proud to be at the forefront of this booming industry.