Minimal Size of Initial Margin to Increase in December
OREANDA-NEWS. December 4, 2007. In connection with the approaching of delivery, for the period of the evening clearing session of December 12, 2007 to the evening clearing session of December 17, 2007, according to the RTS press service, the minimal size of initial margin for delivery futures contracts with execution in December 2007 will be set as follows:
- for ordinary shares of RAO UES, MMC "NORILSK NICKEL", Gazprom, Lukoil, "Rosneft”, "Rostelecom", "Sberbank", "Surgutneftegaz", JSC VTB Bank – 15% of contract cost;
- for ordinary shares of MTS OJSC, NOVATEK, JSC "OGK-3", JSC "OGK-4", OJSC "Polyus Gold", O.J.S.C. "Uralsvyazinform", JSC "OGK-5", privileged shares of Transneft – 20% of contract cost.
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