Trading modes
TRADING MODES FOR REPO TRADING
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GCC REPO with the CCP
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REPO with the CCP
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REPO with the Bank of Russia (CBR)
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Interdealer REPO
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* Contributions into the Guarantee Funds are accepted by NCC in the form of cash (RUB, USD, EUR) and securities (OFZs). A contribution to the Guarantee Fund should be equivalent to RUB 5 mn for proprietary trading and RUB 10 mn for proprietary and client trading.
** "Domesticsecurities"means:
- Issue-grade securities denominated in the currency of the Russian Federation and registered in the Russian Federation;
- Other securities issued in the Russian Federation to provide the holder with the right to acquire cash in RUB.
"Foreign securities" means securities, also in book-entry form, that do not refer to domestic securities pursuant to Federal law.
*** Trading modes with settlement in foreign currency are available only to banks using their own accounts.
TRADING SCHEDULE
REPO with the CCP and GCC REPO
| Negotiated trading | |||||||
| Order book trading | |||||||
| 9:30 | 10:00 | 16:00 | 17:00 | 18:00 | 19:00 | 20:00 | |
| Clearing and settlement | Clearing and settlement | ||||||
| Calculation of net settlement claims/obligations and blocking assets for delivery at 17:00* |
Calculation of net settlement claims/obligations |
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* at 16:00, the first clearing pool across T+ trades and CCP-cleared repos with same day settlement is set in respect to trades executed yesterday and before 16:00 today.
Limits in the amount of the net short position are set (on securities, the Single Limit and cash).
The first clearing pool includes also T0 trades executed before 17:30.
Interdealer REPO
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Settlemetn codes: Rb, S0, S1, S2
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| Settlement code: Z0 (prompt delivery) | ||||||||
| 9:30 | 10:00 | 17:00 | 18:00 | 19:00 | 20:00 | |||
| Clearing and settlement | Clearing and settlement | |||||||
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Calculation of net settlement claims/obligations |
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The first clearing pool includes also negotiated and interdealer repo transactions and negotiated T+ trades with same day settlement all with settlement instructions exercised before 17:30.
REPO with CBR
The trading schedule is set by the Bank of Russia on its own.