OREANDA-NEWS. July 23, 2010. Since July 19, 2010, foreign currency (US dollars) has been accepted in the MICEX Group’s derivatives market as collateral (deposit margin) in transactions involving foreign currency or stock derivatives.

The new service is provided to participants in clearing who, in accordance with Russian legislation, have the right to conduct transactions in foreign currency. In accordance with the established parameters, the deposit margin can be 100% composed of foreign currency.

The launch of the new service will significantly reduce the costs that participants in clearing incur to fund their own or their clients’ transactions by saving on the difference in the rates of the Russian ruble and the US dollar. The use of foreign currency as deposit margin enhances the possibilities to manage liquidity and is another step in the development of the MICEX Group’s derivatives market.