OREANDA-NEWS. The National Clearing Center has said that trading Rostelecom ords (RTKM) will require partial collateral starting from 20 November.

MICEX Stock Exchange also allowed CCP repo trading in the shares from 20 November.

To reduce the risk associated with unsecured sell positions in the stock that were opened after the company announced a possible buyback, the exchange increased collateral requirements on the security to 100% and temporarily restricted CCP repo trades starting 19 November. The rollover rate was also increased.

These measures ensure that all members fulfill their obligations and are in line with the agreed T+2 market principles.

Timely delivery of securities under trades with the CCP on the equity and repo markets is important to uphold end investors” rights, especially in the face of corporate events such as buybacks.