EN

                Your basket is empty

                Menu

                List of services

                16.02.2016 10:58

                MOEX improves clearing of OTC derivatives

                Beginning 15 February 2016, the Moscow Exchange Standardised OTC Derivatives Market will offer new types of centrally cleared OTC transactions, FX swaps and FX forwards. These will be in addition to already available central counterparty (CCP) cleared OTC interest swaps and CCP-cleared on-exchange FX, interest and cross-currency swaps and FX forwards.

                Standardised OTC derivatives allow participants to mitigate credit risks by introducing a central counterparty as a party in every trade. Bank National Clearing Centre (NCC Clearing Bank), which is a qualified CCP, acts as the central counterparty for Moscow Exchange. Central clearing also makes it possible to substantially reduce capital costs and to apply low risk coefficients when calculating N1 and N6 statutory ratios.

                OTC transactions with the CCP have a number of features, including daily marking-to-market with deposit not variation margin payable, as well as interest paid at the RUONIA or fed funds rate on accrued deposit margin in RUB and USD, respectively. NCC Clearing Bank pays interest at RUONIA-1% on collateral in RUB for Standardised OTC Derivatives Market transactions with the CCP.

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

                Main news
                17.02.16 Results of auction for placement of the Russian Federation government bonds, issue # 29011RMFS on February 17, 2016
                17.02.16 Results of auction for placement of the Russian Federation government bonds, issue # 26218RMFS on February 17, 2016
                16.02.16 Risk parameters for new securities
                16.02.16 Moscow Exchange trading schedule for public holidays in February and March 2016
                16.02.16 Midday clearing session on the Derivatives Market extended
                16.02.16 MOEX improves clearing of OTC derivatives
                11.02.16 Methodology of the Moscow Exchange Indices Calculation to take effect
                10.02.16 Results of auction for placement of the Russian Federation government bonds, issue # 29006RMFS on February 10, 2016
                10.02.16 Results of auction for placement of the Russian Federation government bonds, issue # 26207RMFS on February 10, 2016
                All news
                The site processes user data using Cookies in accordance with the Cookies Using Rules. By staying on the site, you agree to the terms of processing specified in the Rules. You can also prevent cookies from being saved in your browser settings.