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11.09.2013 15:37

Settlement of futures and options on 13 September

On 13 September, futures and options will be settled via the Derivatives Market and Standard Sector"s unified settlement system.

The Settlement schedule is:

13 September The last trading day for single stock futures and options thereon.
Options on single stock futures will be settled during the evening clearing session, which runs from 6:45-7:00 pm MSK (except for in the money options exceeding the limit; these are settled automatically).
During the evening clearing session, single stock futures are settled via trades in the Standard Sector with 20 September settlement.
The additional evening session starts at 7:10 pm MSK.
16 September The last trading day for options on RTS Index futures, MICEX Index futures, futures on RTS Indices. Settlement prices for index futures are calculated between 3:00-4:00 pm MSK, using the average value of the relevant index for the period.
During the evening clearing session, options on RTS Index futures and options on MICEX Index futures are settled (in the money options are settled automatically).
Index futures are settled during the evening clearing session.
the additional evening session starts at 7:10 pm MSK.
20 September Delivery on single stock futures deals made on 13 September takes place at 5:00 pm MSK in the Standard Sector.

Single stock futures will be settled via T+5 (the new trading day begins after the clearing session, and the trade"s settlement day is automatically changed to Т+4) at the future"s settlement price. Instruments with T+4 settlement will trade anonymously in the Standard Sector during the 16 September session, then directly until expiration.

As a result, participants acquiring shares after the futures settlement will be able to influence the settlement prices of RTS indices futures, as the prices of shares traded in the Standard Sector are included in the RTS Index, RTS Standard Index, and sectoral indices.

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