Moscow Exchange raised margin required on Ruble and derivatives trading


Following the deluge of OTC FX companies which have today begun adjusting margin and leverage limits on ruble pairs, prominent Russian executing venue Moscow Exchange has now set new minimum initial margin levels in the Derivatives market for USD/RUB, EUR/RUB Exchange rate, RTS index, MICEX index Russian Federation government bonds futures, all of which are subject to increments.

For the USD/RUB and EUR/RUB exchange rate futures contracts with respective asset class codes Si and Eu, the initial margin will be set at 12%.

The RTS index contract with an asset class code of RTS will be subject to a new initial margin limit of 18%, whilst the MICEX index contract with asset class code MIX will be subject to a minimul initial margin of 16%.

Two-year Russian Federation government bonds listed under the asset class code of OZF2 will have an initial margin limit of 6%, and Four-year Russian Federation government bonds with the asset class code OFZ4 will have an initial margin limit of 12%.

Six-year Russian Federation government bonds with the asset class code OFZ6 will be subject to an amended initial margin limit set at 18%, whilst ten-year Russian Federation government bonds with the asset class code OF10 and fifteen-year Russian Federation government bonds listed under the asset class code of OF15 will be subject to a minimum initial margin of 20%.

Lastly, Russian Eurobonds with asset class code RF30 will have their initial margin limit set to 20%.

For the official announcement from Moscow Exchange, click here.

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Moscow Exchange raised margin required on Ruble and derivatives trading

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