Repo transactions at Moscow Exchange during New Year public holidays

Repo with the Bank of Russia

On 5,6,8 and 9 January, margin calls will not be issued for then current repo transactions with the Bank of Russia. This will be due to official ruble exchange rates set by the end of the trading day on 30 December 2014 and settlement prices fixed at the beginning of 30 December 2014 being applied from 1 — 9 January 2015.

The schedule for exchange and OTC repo transactions with the Bank of Russia in RUB from 30 December 2014 — 9 January 2015 is as follows:

Interdealer repo

Margin calls for interdealer repo transactions (without the CCP involved) will not be issued from 30 December 2014 — 12 January 2015. Settlement prices fixed at the beginning of 30 December 2014 will be applied until 12 January 2015.

Repo with the central counterparty (the CCP)

The following additional settlement codes will be available in "repo with CCP — non-anonymous orders" mode during the New Year public holidays:

1. Y0/Y3, Y0/Y4, and Y0/Y5 on 30 December 2014,
2. Y0/Y3 and Y0/Y4 on 5 January 2015, and
3. Y0/Y3 on 6 January 2015.

The codes provides for settlement of the second parts of repo transactions on 12 January 2015.

List of settlement codes to be valid during the New Year public holidays:

Other terms for concluding transactions in the trading modes for repo with the CCP will remain unchanged.

For further information, please contact the Public Relations Department at (495) 363-3232.