OREANDA-NEWS. Moscow Exchange began releasing indicative swap rates (swap fixing) on 24 February for RUB/USD swaps with 1W, 2W, 1M, 2M, 3M, 6M, 9M, and 1Y maturities.

The rates will be calculated daily at 12:30 pm MSK based on aggregated deal and price data for anonymous orders.

The move aims to improve the usefulness and transparency of the exchange"s FX Market data. The rates may be used for derivatives market hedging.Indicator Swap used to calculate the indicator

SRATE_USD_1W

USD_TOM1W

SRATE_USD_2W

USD_TOM2W

SRATE_USD_1M

USD_TOM1M

SRATE_USD_2M

USD_TOM2M

SRATE_USD_3M

USD_TOM3M

SRATE_USD_6M

USD_TOM6M

SRATE_USD_9M

USD_TOM9M

SRATE_USD_1Y

USD_TOM1Y

Moscow Exchange launched long term USD/RUB FX swaps with 1W, 2W, 1M, 2M, 3M, 6M, 9M, and 1Y maturities in 2012. Over 100 members executed long term USD/RUB swaps totalling of RUB 763 bln in 2013. FX swaps make it easier for banks to borrow in FX and roubles, as well as to manage currency positions. On exchange swaps avoid the need to sign general agreements on OTC swap deals.