Technical details about trading on Two-way trades with CCP

Moscow exchange informs you about following details of OCBR and OCBU boards trading implementation. Mentioned boards are going live with the next release of securities market system on April 25, 2022.

1. Counterparties enter pair offers having parameters similar to negdeal form.

• Counterparty field contains the only possible value "*НКЦ" (central counterparty)
• MatchRef filed must be filled with same value for counteroffers. A special prearranged value in the MatchRef field declares that counterparties are ready to make a deal.

2. Offers are checked for collateral and price control in a standard way.
3. Trading system registers negdeals addressed to "*НКЦ" special firm.

Trading member can get records about own negdeals from NEGDEALS table and records about own trades from TRADES table.

There are no generated records in USTRADES table.

4. Negotiated trade is concluded based on matched counteroffers.

Counteroffers should have following parameters matched:

• SecurityID + Shortname - Security identifier and name
• Boardid – board with specified settlement currency
• Buysell - direction
• Settlecode – Settle code
• Counterparty – value of "*НКЦ" special firm
• Quantity – Quantity of lots should be matched, partial fill is not an option
• Price – price expressed in % of face value
• Matchref – counteroffers may have Matchref non-empty field filled with exactly the same value to conclude a trade.