Credit Suisse Chooses The RTS Index As The Basis For Its New Series Of Financial Products

Standard & Poor’s, the world's leading index provider, announced today the signing of a commercial agreement with Credit Suisse granting the latter with the right to use the main indicator of the Russian stock market - the RTS Index – for creating and launching a series of structured products linked to Russian equities. 

"Apart from being Russia’s flagship benchmark, the RTS Index is also a full-fledged investment tool as evidenced in its growing use as an underlying for structured products and in the availability of a well-developed derivatives market based on it. As of late, the international market players have been showing a growing appetite for investing into Russian stocks. A modern global approach includes both direct investing into selected stocks and creation of structured products which combine reliability with high yield potential. Availability of such products makes the Russian stock market even more appealing in the investors’ eye and helps its further growth. The fact that the RTS Index is chosen by major global financial institutions underscores its highly representative nature as the main indicator of the Russian market", said Roman Goryunov, Chairman of the Board of RTS.   

"This agreement with Credit Suisse is a direct result of successful cooperation between S&P and RTS under our existing index partnership. As of recent, S&P signed a number of similar agreements with leading European financial institutions that chose the RTS Index as the basis for implementing their investment management strategies in the region", said Alexander J. Matturri, Executive Managing Director of Standard & Poor’s Index and Portfolio Services.

 "Credit Suisse is pleased to be partnering with S&P and RTS on this important index. We can now provide our clients with access to the entire RTS Index and Russian Futures. We look forward to offering our clients the ability to use OTC SWAPs to achieve their investment goals. This offering is further evidence of our strong commitment to provide our clients unparalleled access to the Russian Equities market", said Charlie White-Thomson, Head of Russia Equities at Credit Suisse.