Initial Margin for FORTS Trades Increased for Public Holidays
OREANDA-NEWS On 30 October was announced, that in accordance with the recommendation issued by the Derivatives Market Commission, the basic size of the initial margin required to trade in the following futures contracts is increased by the RTS Clearing Center for the public holidays period as described below:
Futures contract Initial margin
basic size
Delivery futures on Electric Power Industry companies' ordinary shares 33%
Delivery futures contract on "Rostelecom" 40%
Delivery futures contract on "Surgutneftegaz" 20%
Delivery futures contract on NOVATEK 27%
Delivery futures contract on OJSC "Polyus Gold" 27%
Futures contract on Transneft privileged shares 27%
Delivery futures contract on RusHydro ordinary shares 34%
The contract on "URALS" oil 15%
Delivery futures contract on Gas oil L-0,2-62 (all-Union State Standard 305-82) 15%
Non-delivery futures contract on USA dollar 8%
The enlarged initial margin sizes will be in effect from the evening session of October 31st, 2008 to the evening session of November 5th, 2008.
For further information, please contact the RTS Public Relations Department at +7(495)705-9031, 500-3840.
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