OREANDA-NEWS. The Derivatives market and Standard sector increase initial margin requirements for the period of New Year holidays.

The increase will be of two phases: the first increase will take place during the evening clearing session on 25 December, and the second one - during the evening clearing session on 26 December. The base rates will return during the evening clearing session on 6 January 2014.

Futures contracts/ Standard market sector instruments

Initial Margin size

Ѓ@

Basic size*

First stage

Second stage

RTSI

7.5%**

9%**

10%**

RTS Standard Index

7,50%

9%

10,00%

Russian Volatility Index

30%**

33%**

35%**

MICEX Index

7,50%

9%

10,00%

Sectoral index RTScr

35%**

36%**

37%**

Sectoral index RTSog

35%**

36%**

37%**

BOVESPA Index

12,00%

14%

16,00%

SENSEX Index

10,00%

14%

16,00%

Hang Seng Index

10,00%

14%

16,00%

FTSE/JSE Top40 Index

12,00%

14%

16,00%

Norilsk Nickel ordinary shares

12%

13%

14%

GAZPROM ordinary shares

10%

12%

14%

LUKOIL ordinary shares

10%

11%

12%

ROSNEFT ordinary shares

12%

13%

14%

Sberbank ordinary shares

10%

11%

12%

Surgutneftegas ordinary shares

12%

13%

14%

VTB Bank ordinary shares

12%

13%

14%

MTS ordinary shares

15%

16%

17%

NOVATEK ordinary shares

15%

18%

20%

Transneft preferred shares

12%

14%

15%

Sberbank preferred shares

12%

14%

15%

RusHydro ordinary shares

12%

16%

20%

RSDs representing rights on shares of United Company RUSAL Plc.

15%

20%

25%

Tatneft ordinary shares

15%

16%

17%

Severstal ordinary shares

15%

16%

17%

Uralkali ordinary shares

15%

20%

25%

Surgutneftegas preferred shares

12%

13%

14%

FGC UES ordinary shares

20%

23%

25%

MMK ordinary shares

25%

26%

27%

Rostelecom ordinary shares

15%

17%

18%

Yandex ordinary shares

15%**

16%**

17%**

Moscow Exchange ordinary shares

15%

16%

17%

Siemens AG ordinary shares

12%**

13%**

14%**

Daimler AG ordinary shares

12%**

13%**

14%**

Volkswagen AG preferred shares

12%**

13%**

14%**

BMW AG ordinary shares

12%**

13%**

14%**

Deutsche Bank AG ordinary shares

15%**

16%**

17%**

USD/RUB exchange rate

3,5%

4,00%

4,00%

EUR/RUB exchange rate

3,0%

3,50%

3,50%

EUR/USD exchange rate

3%**

3.5%**

3.5%**

AUD/USD exchange rate

5%**

5.5%**

5.5%**

GBP/USD exchange rate

3%**

3.5%**

3.5%**

USD/JPY exchange rate

4%**

5%**

5%**

USD/CHF exchange rate

4%**

5%**

5%**

USD/UAH exchange rate

15%**

16%**

17%**

Rate of the three month MosPrime credit

15%

18%

21%

2-year Russian Federation government bonds

1,5%

2,0%

2,0%

4-year Russian Federation government bonds

2,5%

3,0%

3,0%

6-year Russian Federation government bonds

3,50%

4%

4%

10-year Russian Federation government bonds

4,50%

5,00%

5,00%

15-year Russian Federation government bonds

5,00%

6,00%

6,00%

Refined gold

6%**

9%**

12%**

Refined silver

12%**

14%**

16%**

Raw sugar

10%

12%

13%

ЃgBRENTЃh oil

8%**

9%**

10%**

Refined platinum

8%**

9%**

10%**

Refined palladium

10%**

11%**

12%**

Copper

8%

9%

10%

Diesel fuel

15%

18%

20%

Gas-oil

8%

9%

10%

Corn

12%

14%

15%

Wheat

12%

13%

14%

Cotton

15%

16%

17%

Soy beans

12%

14%

15%

power index at the ЃgCenterЃh hub (in basic load hours)

15%

18%

18%

power index at the ЃgCenterЃh hub (in peak load hours)

15%

18%

18%

power index at the ЃgUralЃh hub (in basic load hours)

15%

18%

18%

quarterly futures contract on the power index at the ЃgUralЃh hub (in peak load hours)

15%

18%

18%

power index at the ЃgEastern SiberiaЃh hub (in basic load hours)

15%

18%

18%

power index at the ЃgWest SiberiaЃh hub (in basic load hours)

15%

18%

18%

quarterly futures contract on the power index at the ЃgCenterЃh hub (in basic load hours)

10%

13%

13%

quarterly futures contract on the power index at the ЃgCenterЃh hub (in peak load hours)

10%

13%

13%

quarterly futures contract on the power index at the ЃgUralЃh hub (in basic load hours)

10%

13%

13%

quarterly futures contract on the power index at the ЃgUralЃh hub (in peak load hours)

10%

13%

13%

annual futures contract on the index at the ЃgCenterЃh hub (in basic load hours)

5%

8%

8%

annual futures contract on the index at the ЃgCenterЃh hub (in peak load hours)

5%

8%

8%

annual futures contract on the power index at the ЃgUralЃh hub (in basic load hours)

5%

8%

8%

annual futures contract on the power index at the ЃgUralЃh hub (in peak load hours)

5%

8%

8%

In per cent of the contract's price.

** Values of the initial margin basic size in rubles are greater than those indicated hereinabove for these contracts as the current exchange rate is used to calculate variation margin and initial margin.