Infinitum. Infrastructure partner for international transactions

1.

INFINITUM
infrastructure partner
for international transactions
2024

2.

DEVELOPMENT OF COLLECTIVE
INVESTMENTS MARKET IN RUSSIA
FOUNDING OF INFINITUM
ASSET SERVICES
1995
2003
2007
2015
MUTUAL AND STOCK
INVESTMENT FUNDS
PENSION FUND
OF RUSSIA
(PENSION SAVINGS)
SELF-REGULATORY
ORGANIZATIONS
INSURANCE
COMPANIES
PRIVATE PENSION
FUNDS
(PENSION RESERVES)
CONTROL OF MORTGAGE
COLLATERAL
GOVERNMENT
CORPORATIONS
2000
2004
2010
3

3.

INTERACTION WITH MARKET
PARTICIPANTS
1
Bank of Russia: exercises state control over the financial market,
including supervision over collective investment participants
(reporting and disclosure of information), issues licenses to MCs
and specialized depositories.
1
Bank of Russia
2
2 Management
Management Company: carries out trust management of the
UIF by performing all legal and factual actions in relation to its
constituent property. The MC invests the fund’s assets in various
other assets, the list of which is set out in the UIF’s Trust
Management Rules.
Company
4
3
Registrar
Special Depository
3
UIF
4
Investors
5
General meeting of
unit holders
Auditor
5
6
Appraiser
6
Specialized Depository: carries out depository activities,
independent control and coordination of all transactions with UIF
property, calculation of UIF’s NAV, control over the management of
UIF property by the MC in accordance with the investment
declaration and the UIF Trust Management Rules.
Registrar: carries out activities on keeping the register of UIF
owners, records, collects, processes, stores and provides data.
Auditor: the contract with
as desired by the investors.
the
auditor
is
concluded
Appraiser: involved when there is an asset for which an opinion
on value is needed.
4

4.

FUNCTIONS OF SPECIALIZED
DEPOSITORIES
Custody
services
Responsible
safekeeping of
assets
Asset
operations
accounting
Reporting
Control of
composition
and structure of
assets
Net assets
value
calculation
According to the Russian legislation asset management companies (AMCs), pension funds and insurance companies are obliged
to keep securities and certain assets in a specialized depositary (SD). SD oversees clients’ trades and their compliance with legal
requirements.
When a client wants to trade on foreign markets, SD is obliged to have a nominee account in a foreign depository or custodian.
The activities of specialized depositories are regulated by the Central Bank of Russia.
5

5.

COLLECTIVE INVESTMENTS
MARKET IN RUSSIA
69
298
35
INSURANCE
COMPANIES
MANAGEMENT
COMPANIES
PRIVATE
PENSION FUNDS
2843
27
2
MUTUAL
FUNDS
The information is current as of June 31, 2024
SPECIALIZED
DEPOSITORIE
S
JOIN-STOCK
INVESTMENT FUND
6

6.

DEVELOPMENT HISTORY
INFINITUM
2000
THE FIRST NON-STATE PENSION
FUND ACCEPTED FOR SERVICE
INFINITUM DEVELOPMENT HISTORY
THE FIRST SELF-REGULATORY
ORGANIZATION ACCEPTED FOR
SERVICE
2002
FIRST UNIT INVESTMENT FUND ACCEPTED
FOR SERVICING
2006
COMMENCEMENT OF THE “INVESTOR
FUNDS CUSTODY” SERVICE FOR
INSURANCE COMPANIES AND NONGOVERNMENT PENSION FUNDS (NPF)
2004
STRATEGIC PARTNERSHIP WITH RUSSIA’S
LARGEST NPF, GAZFOND
2020
2014
2007
ACQUISITION OF CENTRAL FUND
DEPOSITORY
2015
2008
COMPLETE REBRANDING AS INFINITUM
SPECIALIZED DEPOSITORY JSC, NEW
LOGO AND WEBSITE
HYBRIDIZATION
WINNER OF THE “SPECIALIZED
DEPOSITORY OF THE YEAR” AWARD OF
THE “STOCK MARKET ELITE” CONTEST BY
NAUFOR
LEADERSHIP IN SERVICING INSURANCE
COMPANIES
START OF LARGE-SCALE PROVISION OF
OUTSOURCING AND CONSULTING
SERVICES
FOR MANAGEMENT COMPANIES
2012
2019
THE FIRST PUBLIC CORPORATION
SERVICED
ACCEPTANCE OF THE ASSET MANAGEMENT
UNIT OF SBER GROUP FOR SERVICE
ASSIGNMENT OF THE HIGHEST
RELIABILITY RATING (LONG-TERM
CREDITWORTHINESS) A++ BY “EXPERT
RA” RATING AGENCY
STRATEGIC PARTNERSHIP WITH BCS
GROUP (ACQUISITION OF MSD LLC)
2010
NO. 1 IN THE NATIONAL RATING OF
SPECIALIZED DEPOSITORIES BY PARTAD
2021
IMPLEMENTATION OF THE UNIT
REDEMPTION PROCESS IN T+1 MODE FOR
SBER ASSET MANAGEMENT JSC
2023
WINNER OF THE “SPECIALIZED
DEPOSITORY OF THE YEAR” AWARD
OF THE “STOCK MARKET ELITE”
COMPETITION BY NAUFOR
LEADERSHIP IN SERVICING A NEW
CATEGORY OF FUNDS – EXCHANGETRADED FUNDS
2017
ESTABLISHMENT OF A BRANCH IN ST.
PETERSBURG
2022
WINNER OF THE “SPECIALIZED
DEPOSITORY OF THE YEAR” AWARD
OF THE “STOCK MARKET ELITE”
COMPETITION BY NAUFOR
8

7.

ACHIEVEMENTS
Market shares
40%
36.5%
Key indicators
128.5 BLN $
89.3 BLN €
VALUE OF SECURITIES IN DEPOSITORY
MUTUAL FUNDS
TOTAL ASSETS UNDER
ADMINISTRATION
PRIVATE PENSION FUNDS
34.8%
1281
4588
INVESTEMENT PORTFOLIOS
UNDER ADMINISTRATION
NUMBER OF DEPO ACCOUNTS
INSURANCE COMPANIES
The information is current as of June 30, 2024
1128
CLIENTS
9

8.

MARKET POSITION
TOP specialized depositories by the
assets under administration, bln $*
Rating of reliability and
quality of depository services
(NRA)
51.4
VTB specialized depository
46.5
SDK Garant
National reliability rating
of depositories*
ААА
19.5
Independed specialized…
USD R.O.S.T
Number of clients*
№1
National rating of specialized depositories*
The market value of depositors’ securities
accepted for servicing*
*
Number of registers of unit holders
of the investment funds*
№1
Depository reliability rating
(Expert RA)
110.2
INFINITUM
ААА
ru.dp
№1
18.1
NKK
14.2
DC REGION
13.5
№1
TOP specialized depositories by
the number of clients*
1075
INFINITUM
406
USD R.O.S.T
ruAA
SDK Garant
367
Independed specialized depository
160
VTB specialized depository
143
DC REGION
127
Partner specialized depository
114
* Results of rating studies of the Fund for the Development of Financial Research "Infrastructure Institute" (INFI) and PARTAD as of December 31, 2023
10

9.

DEPOSITARY
RELATIONSHIPS
INFINITUM has an extensive network for asset custody – 59 infrastructural participants of the financial market
from various countries
Foreign jurisdictions
Russian Federation
6 Depositories
Objectives
Building infrastructure for
access to new foreign
storage locations
Finding opportunities for
mutual investment
Improving the
manufacturability of
operational depo processes
26 Depositories
100% of the largest
59
The focus is placed on
26 Registrars
84% of the total number
1716
• Asia
• Middle East
• Latin America
4618
RUSSIAN SECURITIES IN THE BOOKS
FOREIGN SECURITIES IN THE BOOKS
RUB 6.1 TRILLION
RUB 1.3 TRILLION
11

10.

STAGES OF DEVELOPMENT
1039
MUTUAL
FUNDS
143
MANAGEMENT
COMPANIES
42
SROs
24
14
1
INSURANCE PRIVATE PENSION STATE
COMPANIES
FUNDS
CORPORATION
Staff
Assets under administration, bln $.
Clients
4
2000
194
17
2010
The information is current as of June 30, 2024
292
415
57.8
2020
644
599
128.5
2024
1128
12

11.

LICENSES AND CERTIFICATES
License
License to perform the activities of a
specialized depository of investment
funds, mutual funds and private pension
funds dated October 04, 2000 22-000-100013 issued by the Federal Commission
for the Central Market of Russia
License
License of a professional participant of the
securities market for running depository
activities dated October 31, 2003 No.
045-07071-000100 issued by the Federal
Commission for the Central Market of
Russia
License
License for the development, production,
distribution of encryption (cryptographic)
means, information systems and
telecommunication systems dated June 3,
2013 No. 248 issued by the FSS of Russia
Certificate
Quality Management System
ISO 9001:2015
Certificate of conformity to the
requirements of PARTAD for RMS and VK
Certificate
Certificate of Conformity of the
Management System to the requirements
of ISO 9001: 2015
Report
Report on compliance with the security
requirements of the personal data
information system
14

12.

STOCK MARKET ELITE
SPECIALIZED DEPOSITARY OF THE YEAR
Stock Market Elite Awards for 2023, organized by the
National Association of Stock Market Participants (NAUFOR).
April, 2024
In the Specialized Depository of the Year nomination, achievements were assessed
in terms of the volume of assets, the number of clients, the variety and quality of
services. The nomination Special Depository of the Year was first presented in the
Prize in 2020, and INFINITUM was the first among special depositories to receive
this honorary award. Thus, now INFINITUM for the third time becomes the holder
of such a prestigious title.
15

13.

COOPERATION
16

14.

WHY INFINITUM?
A TEAM OF
PROFESSIONALS
RELIABLE
IT INFRASTRUCTURE
PROBLEM SOLUTION
AT ANY LEVEL
MANAGEMENT
SYSTEMS
BUILT
IN ACCORDANCE WITH BEST
INTERNATIONAL PRACTICES
AND STANDARDS
A PARTNER READY TO SOLVE YOUR TASKS AND INCREASE THE EFFICIENCY OF YOUR
BUSINESS!
ADVANCED
TECHNOLOGICAL
SOLUTIONS
MARKET LEADER
WITH A 24-YEAR HISTORY
AND DIVERSIFIED
CUSTOMER BASE
THE TRUE CUSTOMERCENTRICITY
IN THE FIELD OF ACCOUNTING, REPORTING
AND
CUSTOMER INTERACTION
17

15.

INFINITUM
115162, Russia, Moscow, Shabolovka str., building 31-B
Call us +7 (495) 252-32-32 HTTPS://SPECDEP.RU/ENG/
PAVEL PRASS
Chief Executive Officer
VADIM BURGANOV
Deputy CEO
Core business operations