New version of Moscow Exchange Trade Agreement took effect

A new version of the MICEX SE Trade Agreement took effect on 5 March 2015.

The new Trade Agreement includes an updated procedure for transferring income from a security to which the buyer is entitled from the trade date (Classica sector) through the settlement date (the ownership transfer date).

The update allows standardizing income transfer in terms of time frames and process, as well as unifying the general approach to the matter with the settlement cycle of the T+2 market.

In addition, settlement options "Delivery with Security Blockage" and "Guaranteed Delivery" were cancelled due to the absence of demand for them from brokers.

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