OREANDA-NEWS. Moscow Exchange announces that as of 8 July 2013 the number of stocks available for trading with settlement on a T+2 basis will increase to 25. Moscow Exchange introduced T+2 settlement on 25 March 2013 for the 15 most liquid stocks traded on the exchange and for all government bond issues; these securities concurrently remain available for T+0 settlement until 2 September 2013. From 1 January 2014, T+2 settlement will apply to all securities listed on the Moscow Exchange.

Also starting 8 July 2013, the following new features will become available to securities market participants:

T+2 trading:

Consolidated cash accounts for T+0 and T+2;

Consolidated securities accounts for T+0 and T+2;

New trading regime: "T+ without short selling";

New trading regime: "T+ without uncovered buying".

Repo with Central Counterparty (CCP):

Launch of off-order book trading of stocks with CCP repo;

New Y1/Y2 settlement code.

Under the new version of the National Clearing Center Clearing Rules, as of 8 July 2013, requirements for Clearing Members of the Moscow Exchange"s Securities and Money Markets will change regarding contributions to the Guarantee Fund and the size of their own capital. Repo with the CCP will be available only to Trading Members with capital of at least RUB180.0 mln, while contributions to the Guarantee Fund have been set as follows:

RUB5.0 mln for T+2 and repo with the CCP; trades only on behalf of a Trading Member;

RUB10.0 mln for T+2 and repo with the CCP; trades also executable on behalf of a Trading Members" clients.

In addition, the new version of the Clearing Rules allows the use of up to 100% foreign currency (US dollars) as collateral for T+2 trades from 3 June 2013. This will help reduce funding costs for market participants.