OREANDA-NEWS. November 30, 2009. On recommendation of the Derivatives Market Committee RTS Clearing Center has passed a resolution on increasing its Reserve Fund by RUB300 million as of November 16, 2009.

The reason for this decision is the significant growth of trading volumes both on the cash equities market RTS Standard and on the derivatives market FORTS.

In accordance with the resolution the size of the Reserve Fund is set at RUB850 million (roughly USD29.4 million). Taken together, the Contingency Fund and the Reserve Fund exceed RUB1.8 billion (roughly USD62.3 million).

Contingency and Reserve Funds constitute one of the main elements of the risk management system on FORTS and RTS Standard. These funds give market participants the opportunity to perform operations at market prices even if there is a significant increase in the market volatility.

Contingency Fund is made up from contributions by Clearing Participants who are registered as Clearing Members. As of November 23, 2009, the total Contingency Fund stands at RUB986.1 million.

Reserve Fund is made up from the Clearing Center’s contributions from its own capital. Currently the Reserve Fund amounts to RUB850 million.