Under an agreement signed on January 26, 2006 with the Russian Trading System Stock Exchange (RTS), Standard & Poor's, the leading provider of independent investment research, ratings and indices, is adding the RTS Index (RTSI), the leading Russian equity benchmark for international and domestic investors, to its global index portfolio. RTS grants to Standard & Poor's exclusive rights for distributing, providing, licensing, marketing and publicizing the RTS Index.
Under the agreement, Standard & Poor's has assumed commercial management for licensing the RTSI to investment managers, trading desks and product structurers for the creation of financial products. Standard & Poor's also immediately joins the RTS Information Committee which performs general control and amends the existing methodology of the RTS Index. Standard & Poor's representative becomes a permanent member in an advisory capacity to provide international market feedback on Russian index governance. The business arrangement is expected to entail co-branding and expansion of RTS's family of tradable and benchmark indices. This will enhance their appeal as portfolio management tools for global investors and will further pave the way for development of index-linked vehicles and listed index derivatives.
S&P Contacts
Reid Steadman
reid_steadman@standardandpoors.com
Rodney Fernandes
+44 (0)20 7176 8471
rodney_fernandes@standardandpoors.com
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