| Day 1 (07.12) |
| 08:30-09:30 Registration, morning coffee |
| 09:30-10:45 Russian Bond Market: Results of 2005, Challenges and Prospects |
| Galina Izotova, Deputy Plenipotentiary Representative of the President of the Russian Federation in the North-Western Federal District | Welcoming address |
| Aleksey Rybnikov, CEO, MICEX Stock Exchange | Russian bond market: performance and innovations |
| Aleksey Timofeev, Chairman of the Board, NAUFOR | New bond types: new opportunities for market participants |
| Anna Menshikova, Head of Securities Market Legislation Department, Ministry of Economic Development and Trade | New instruments at Russian fixed income market |
| 10:45-11:15 Coffee-Break |
| 11:15-13:30 Russian Bond Market: the Year of Ruble Conversion |
| Mikhail Avtukhov, Head of Fixed Income, Soyuz Bank | Russian bond market: view of an investment bank |
| Evgeniy Kochemazov, VTB | Arranging ruble bond issues: changes and challenges |
| Pavel Pikulev, Lead Strategist, Fixed Income Research, Trust Investment Bank | Impact of ruble conversion for the Russian bond market |
| Mikhail Galkin, Director, Bond Market Research, MDM Bank | Liberalization: could it lead to credit culture improvement on the Russian bond market? |
| Oleg Gordienko, Head of fixed income origination, Raiffeisenbank | Bond market - refinancing crisis |
| Aleksey Novikov, Director, Russia and CIS, Standard & Poor's | Elections as a Credit Risk Factor |
| Tim Vieth, Director, Financial institutions and capital markets, ABN AMRO Bank | Advantages of securitization as an alternative funding source |
| Panel discussion "Results of transition to convertible ruble for the Russian bond market" |
| 13:30-14:30 Lunch |
| 14:30-16:15 Market of Government, Quasi-Sovereign and Sub-Federal Bonds |
| Alexander Sherbakov, Deputy Director, International Financial Relations, Government Debt and Public Financial Assets, Finance Ministry | Government borrowing: results of 2006 |
| Dmitry Solovjev, Senior dealer, Central Bank of Russia | Operations of the Bank of Russia on the bond market |
| Yuriy Novozhilov, Deputy Head of Finance Management, Head of Borrowings, Russian Railways | Russian Railways debt policy |
| Andrei Orlov, Deputy Head of Financial Markets, Head of Department, Gazprom | Gazprom Company: bonded loans |
| Alexander Chumachenko, Deputy Chairman, State Debt Committee of the City of Moscow | Moscow bonds: results of 2006, issuance plans for 2007 |
| Alexander Ignatov, Vice-President, RIGroup-Finance | CLN borrowings of the constituent entities of the Russian Federation |
| 16:15-16:30 Coffee-Break |
| 16:30-18:00 Corporate Bond Market |
| Igor Frolovsky, Head of Securities Department, Bank of Moscow | Bonds of financial institutions |
| Alexander Yermak, Deputy Head of Fixed Income Research, Investment Company "Region" | Tiering of the corporate bond market as a basis of investment decision-making |
| Valeriy Pushnia, Vice-President, Deutche Bank | Structured coupon ruble bonds |
| Rostislav Kulak, Co-Director, Dept Capital Markets, East Capital | Borrowings of 2-3 tier corporate issuers. Structuring loans with partial guarantee from administration of a subject of the Russian Federation |
| Georgiy Aksenov, Analyst, Antanta Capital | Corporate bond market: trends in the industry structure |
| Vladimir Maslennikov, Executive Director, NP MRS | Development of bond refinancing and liquidity support system: MRS experience |
| Annual Ceremony "Cbonds Awards" |
| Dinner at Tavricheskiy Palace. Sponsored by Antanta Capital |
| Day 2 (08.12) |
| 09:30-11:00 Corporate Bond Market (continued) |
| Vladimir Potapov, Portfolio manager, Troika Dialog | Experience of high-risk bond fund management |
| Mikhail Dmitriev, Head of Issue Projects, Investment Department, FINAM | Individual investors on the bond market |
| Panel discussion "Analysts at the round table" |
| 11:00-11:20 Coffee-Break |
| 11:20-13:00 "Securitization" Section |
| Igor Rusanov, Vice-President, Head of Capital Markets Department, Gazprombank | Investment attractiveness of Russian mortgage-backed securities |
| Igor Zelezetskii, Analyst - Structured Finance, Moody's | Securitization deals overview |
| Andrei Merezhko, Lawyer, Standard and Poor's | Legal issues of Russian assets securitization |
| Victor Kisilev, Deputy Head of Financial Institutions, Vneshtorgbank; Alex Medlock, Head of Origination - Capital Markets, Moscow Narodny Bank | Use of warehouse structure in mortgage loan securitization |
| Levan Zolotarev, Senior Vice-President, Director, Financial Markets, Russian Standard Bank | Russian Standard Bank: credit portfolio securitization experience |
| Dmitriy Dorofeev, CFO, RuMac | Mortgage conduit - new scheme of securitization |
| 13:00-14:00 What are the latest trends for Fixed Income eTrading? (Arranged by Reuters) |
| 14:00-15:00 Lunch |
| Section proceedings |
Russian legislation in the sector of bond market: existing problems and ways of improvement (Arranged-by "Linia Prava")
- Alexander Timofeev, Partner, Linia Prava: Some trends in debt market development and matters of transactions' legislative support
- Pavel Filimoshin, Deputy Head of Securities Issuance and Circulation Management, FFMS
- Igor Frolovsky, Head of Securities Department, Bank of Moscow
| Round table "Rating methodology for investment banks" (the section will be in Russian only) |
Fixed income and interest rates derivatives
- Roman Gorunov, Vice-President, Head of Term Market, RTS Stock Exchange: Bond futures - instruments of RTS
- Igor Marich, Head of Money Market, MICEX: Interest rate futures - instruments of MICEX
- Aram Badalyan, Troika Dialog
- Nikolay Kasheev, Head of Research, VTB
| Investor Relations on the Russian bond market (arranged by ARFEI, the section will be in Russian only)
- Olga Rink, PR director, NDC
- Olga Buyanova, CEO, FlashComm: Investor Relations on the bond market
- Mikhail Matovnikov, CEO, Interfax-CEA
- Elena Ershova, IR director, Alfa-Bank: IR relations on fixed income markets at Alfa-Bank
- Evgeniy Samoylov, Baker Tilly Rusaudit: What has to be done to increase company's financial transparency?
- Vladimir Lagunov, National Depository Center: Best practice of information disclosure in course of reorganization
- Ilona Baklykova, CEO, OSSI: Features of IR on the bond issues
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19:00 - 24:00. Gala-Dinner for the conference participants. Sponsor - East Capital. Special guests - Chaif band.
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