On the principles for determining risk parameters in the markets of the Moscow Exchange

The National Clearing Center (NCC) determines the risk parameters, including risk rates and price bands, on the basis of which professional market participants and their clients make transactions on the markets of the Moscow Exchange. Risk parameters may change during the day depending on the market situation.

Equity and bond risk rates were substantially increased at the end of February 2022 amid increased volatility. External factors and the results of trading in federal loan bonds suggest that current rates are sufficient to cover the expected volatility at the opening of the stock market and the bond market on March 24. The basic scenario is to maintain the current levels of rates in the coming days after the opening of trading. At the same time, the emergence of new factors that can lead to expectations of a significant increase in volatility can force the NCC to reconsider its baseline scenario.