Translation. Region: Russian Federation –
Source: Moscow Exchange – Moscow Exchange –
An important disclaimer is at the bottom of this article.
On February 4-5, 2026, the T0 futures market test site will host testing of changes related to collateral instruments and premium options on ordinary shares of PJSC Polyus (PLZL) and PJSC NOVATEK ao (NOTK).
Earlier, mini futures on shares of PJSC Polyus were launched on the futures market (PLZLM) and PJSC NOVATEK (NOTKM) with new futures base contracts (FBCyu1sch.), while collateral instruments (PLZL_CLT, NOTK_CLT) and premium options are linked to the previous FBCsyu1sch(PLZL and NOTK).
In the industrial environment, it is planned to link the PLZL_CLT and NOTK_CLT collateral instruments and premium options on ordinary shares of PJSC Polyus and PJSC NOVATEK to the new FBCs – PLZLM and NOTKM. This will optimize the calculation of collateral for the corresponding contracts in terms of risk netting.
Test plan at the T0 testing site:
04.02.2026 Test participants are invited to open positions in futures contracts PLZLM-03.26, NOTKM-03.26 and in premium options on ordinary shares of PJSC Polyus (PLZL), PJSC NOVATEK (NOTK)
05.02.2026 during evening clearing:
The PLZL_CLT and NOTK_CLT collateral instruments and premium options will be linked to the new FBCs – PLZLM and NOTKM. Instrument identifiers and names (including PLZL_CLT and NOTK_CLT) will be retained.
After evening clearing:
The collateral instruments PLZL_CLT and NOTK_CLT and premium options on PLZL and NOTK will be linked to the FBCs PLZLM and NOTKM, respectively. The changes will be reflected in the derivatives instrument directories of all Spectra TCS gateway interfaces.
Schedule of the T0 training ground and additional weekend sessions available at the link.
The date for implementing the changes in the production environment will be announced later. The changes will be available for testing on February 4-5, 2026.
[1] FBC – futures base contract, reflected in the base_contract_code field in the Plaza II gateway for futures and options contracts.
A collateral instrument (collateral) is a special instrument (has the _CLT suffix in its name) that is used to enter into premium options on spot (stocks, currencies, indices and commodities), as well as to transfer asset profiles to sub-accounts of settlement codes of the Unified Pool.
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