Translation. Region: Russian Federation –
Source: Moscow Exchange – Moscow Exchange –
An important disclaimer is at the bottom of this article.
Starting February 16, trading in the US dollar–Russian ruble currency pair will be transferred from the over-the-counter (OTCM) trading platform to the anonymous exchange-traded (CETS) trading platform. This tool is designed for currency position management and will allow a wider range of participants to develop trading and arbitrage strategies between available instruments for the USDRUB currency pair when it is transferred to the exchange-traded platform.
Closing a position in an instrument is done by executing a transaction in the opposite direction and fixing the trading result in rubles.
Transactions are concluded with a central counterparty, and the instrument is supported by cross-margining and single collateral for positions in the foreign exchange and futures markets.
The time for concluding transactions with the new instrument is from 10:00 to 19:00 Moscow time.
Please note: from June 13, 2024, due to the sanctions against the NCC and the ongoing blocking of correspondent accounts, settlements in US dollars using NCC correspondent accounts will not be carried out, including the crediting and debiting of currency, as well as the use of US dollars previously blocked in the said accounts to secure and fulfill obligations.
Contact information for media: 7 (495) 363-3232PR@moex.com
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.