Guarantee funds
The Guarantee Funds consist of clearing members' (CM's) contributions and is used to cover excess losses arising from participants' failure to fulfill their obligations.
| Market | Assets eligible for the Guarantee Fund |
Subcategory of CM |
Clearing member's contribution to Guarantee fund (millions of rubles) |
|---|---|---|---|
| FX and precious metals | RUB, OFZ, Russian sovereign eurobonds* | Сlearing members of "B" category |
10 |
| Securities and Money Market | 10 | ||
| Money Market | 1 | ||
| Commodities | 1 | ||
| Derivatives | All clearing members |
10 | |
| Standardised OTC Derivatives | 10 |
* for OFZ and Russian sovereign eurobonds haircuts are applied.
The haircuts are disclosed at http://nkcbank.com/fondMarketRates.do and http://nkcbank.com/currMarketRates.do.