OREANDA-NEWS.  The Bank of Moscow expands its product range for corporate clients offering a new product — deposit for investing capital of compensation funds of self-regulatory organizations. The product is designed for self-regulatory organizations (SRO), as well as management companies that allocate capital of SROs’ compensation funds.

The deposit’s conditions are in compliance with the requirements of the Russian laws in terms of formation, use, and investment of capital of a SRO’s compensation fund.

Benefits of the new product include efficient allocation of temporarily available capital of SROs’ compensation funds; an opportunity to early withdraw the whole/ a part of a deposit if there is a need to make a payment out of a compensation fund; an opportunity to replenish a deposit (in the event of growth of a compensation fund through the acceptance of new members to a SRO).

"We continue to expand the deposit range of the Bank of Moscow taking into account needs and expectations of our corporate clients," said Andrey Vozmilov, Vice-President and Director of the Corporate Business Coordination Department of the Bank of Moscow. "Now we offer a special-purpose deposit for self-regulatory organizations that conduct construction, design, and engineering survey activities. Our new deposit will help our clients to effectively use capital of their compensation funds to generate additional income."