OREANDA-NEWS. August 23, 2012. The Moscow Exchange FX market started trading in the USD/RUB FX swap with settlement of the second part in 9 months and 1 year (9M and 1Y).

In addition, trading members was offered an opportunity to execute off-order book (direct) trades in the forward contract (USDRUB_LTV) with settlement in up to 365 days to manage their swap positions.

The launch opened up new vistas for banks and their clients to hedge against long-term currency and interest rate risks.