MICEX Announced Initial Margin Requirement on Derivatives Market
OREANDA-NEWS. According to the proposal of the Derivatives Market Committee of Moscow Exchange CJSC JSCB National Clearing Centre decided to decrease the minimum initial margin for instruments on indices traded on the Derivatives Market and in the Standard Sector of the Moscow Exchange.
The decrease will take place during the evening clearing session on the 21th of February 2013.
Futures contracts/ Standard market sector instruments |
Initial Margin size | |
Basic size* |
New size | |
RTSI |
10%** |
7.5%** |
RTS Standard Index |
10% |
7.5% |
MICEX Index |
10% |
7.5% |
Troika Dialog AM, "Troika Dialog - RTS Standard Index", fund units |
12% |
10% |
* percentage of the contract's value
** For this contract the minimum initial margin in ruble value is more designated as for the calculation of the initial margin and current usd/rub rate is used.
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