Financial News: Release of a Single Trading Session on the Derivatives Market on March 23, 2026

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Continuing with the news on the projectSingle Trading Sessionon the Urgent Market (https://www.moex.com/n93866Andhttps://www.moex.com/n93747) We inform you that a decision has been made to postpone the release of Spectra 9.0 to March 23, 2026.

On December 8, 2025, the TCS Derivatives Market will be released to version Spectra 8.9.

Please note that this update does not affect external users.

TCS Spectra version 8.9 will be available for testing at the T0 test site from November 14, 2025..

On March 23, 2026, the Moscow Exchange derivatives market will transition to a single trading session (STS). Key changes include the abolition of intermediate clearing and the transfer of main clearing to the end of the trading day, allowing clients to execute trades at any convenient time during the trading day and quickly respond to price changes.

Trading on the futures market, as before, will be conducted from 8:50 to 23:50: the morning additional trading session will be from 8:50 to 10:00, the main trading session – from 10:00 to 19:00, evening trading – from 19:00 to 23:50.

Trading will be conducted seamlessly, without interruptions for clearing.

The evening trading session will become part of the current trading day; previously, it was part of the following trading day. The new trading schedule format will be more logical and convenient for both professional market participants and retail investors: the trading day and the calendar day will be synchronized, with the exception of the additional weekend session, which is part of the following business trading day.

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.

Financial news: 11/14/2025, 5:00 PM – 6:00 PM (Moscow time) the values of the upper limit of the price corridor and the range for assessing market risks for the RU000A100DG5 (EuroplanB6) security were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

November 14, 2025, 5:18 PM

In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by the NCC (JSC), on 14.11.2025, 17-18 (Moscow time), the values of the upper limit of the price corridor (up to 122.93) and the range of market risk assessment (up to 560.05 rubles, equivalent to a rate of 11.25%) for the security RU000A100DG5 (EuroplanB6) were changed.

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.

Financial News: Calculating Metrics for Bonds with Floating Coupon Income

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

In continuation news Regarding the changes planned for December 8, 2025, in the stock and currency market system, we would like to remind you that a new parameter, the Z-spread, will be added for all bonds except structured ones. The values of this parameter will be calculated daily by the trading system relative to several key parameters.

The following changes are being made to the broker's gateway interface:

New fields are added to the EXT_ORDERBOOK table: ZSPREAD — Z-spread at the quote price; CALLOPTIONZSPREAD — Z-spread to a call option. A new field ZSPREAD — Z-spread at the order price — is added to the NEGDEALS, ONENEGDEAL, ORDERS and ONEORDER tables. A new field ZSPREAD — Z-spread at the transaction price is added to the TRADES and ALL_TRADES tables. New fields are added to the SECURITIES table: ZSPREADATPREVWAPRICE — Z-spread at the previous day's valuation; BONDTYPE — Bond type; BONDSUBTYPE — Bond subtype; ZSPREAD — Z-spread at the transaction price; ZSPREADATWAPRICE — Z-spread at the weighted average price; CALLOPTIONZSPREAD — Z-spread to a call option at the weighted average price. A new table BONDTYPE is added – Bond type:

Output field Description Type Size Note
BONDTYPE Type of bond INTEGER 2 Classifier of bond types
DESCRIPTION Description CHAR 128  

A new table BONDSUBTYPE is added:

Output field Description Type Size Note
BONDSUBTYPE Subtype of bond INTEGER 2 Classifier of bond subtypes
DESCRIPTION Description CHAR 128  

A description of the new version of the gateway interfaces, as well as a comparison with the previous version, is published on the Exchange's FTP server: http://ftp.moex.com/pub/KlintsAPI/ASC/Bridge_Interfaces/Ecoites/testA test build of the MOEX Trade SE terminal, version 3.25.70, is available on the Exchange's FTP server: http://ftp.moex.com/pub/Terminal/ASC/Ecoite/Test/.

The functionality is available for testing on the T1 test site (INET_GATEWAY).

The full list of changes planned for the release has been updated and is available at the following link: https://www.moex.com/media/version-2025-7.pdf.

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.

Financial news: On November 17, 2025, a new basis for calculating the zero-coupon yield curve for government bonds will come into effect.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

From November 17, 2025, a new composition of the calculation base for the zero-coupon yield curve of government bonds (federal loan bonds) will come into effect.

The calculation basis for the zero-coupon yield curve for government bonds, effective November 17, 2025

No. Name State registration number
1 OFZ 26245 SU26245RMFS9
2 OFZ 26219 SU26219RMFS4
3 OFZ 26226 SU26226RMFS9
4 OFZ 26207 SU26207RMFS9
5 OFZ 26232 SU26232RMFS7
6 OFZ 26212 SU26212RMFS9
7 OFZ 26242 SU26242RMFS6
8 OFZ 26228 SU26228RMFS5
9 OFZ 26218 SU26218RMFS6
10 OFZ 26241 SU26241RMFS8
11 OFZ 26221 SU26221RMFS0
12 OFZ 26244 SU26244RMFS2
13 OFZ 26225 SU26225RMFS1
14 OFZ 26233 SU26233RMFS5
15 OFZ 26240 SU26240RMFS0
16 OFZ 26243 SU26243RMFS4
17 OFZ 26230 SU26230RMFS1
18 OFZ 26238 SU26238RMFS4
19 OFZ 26239 SU26239RMFS2
20 OFZ 26247 SU26247RMFS5
21 OFZ 26236 SU26236RMFS8
22 OFZ 26237 SU26237RMFS6
23 OFZ 26248 SU26248RMFS3
24 OFZ 26235 SU26235RMFS0
25 OFZ 26224 SU26224RMFS4
26 OFZ 26246 SU26246RMFS7
27 OFZ 26249 SU26249RMFS1
28 OFZ 26250 SU26250RMFS9

Detailed information on the zero-coupon yield curve for government bonds (federal loan bonds) is available on the exchange's website. http://moex.com/a3642

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.

Financial news: 11/14/2025, 5:34 PM (Moscow time) the values of the upper limit of the price corridor and the range for assessing market risks for security RU000A106TR5 (VimpelK3R3) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

November 14, 2025, 5:34 PM

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the National Credit Center (JSC) on 14.11.2025, 17-34 (Moscow time), the values of the upper limit of the price corridor (up to 98.29) and the range of market risk assessment (up to 1074.86 rubles, equivalent to a rate of 18.75%) of the security RU000A106TR5 (VimpelK3R3) were changed.

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.

Financial news: 11/14/2025, 5:39 PM (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0ZZ1N0 (DOM 1P-3R) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

November 14, 2025, 5:39 PM

In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by the NCC (JSC) on 14.11.2025, 17-39 (Moscow time), the values of the upper limit of the price corridor (up to 110.55) and the range of market risk assessment (up to 1166.13 rubles, equivalent to a rate of 8.75%) for the security RU000A0ZZ1N0 (DOM 1P-3R) were changed.

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.

Financial news: On November 13, 2025, the Moscow Small Business Lending Assistance Fund will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

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.

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Parameters
Date of the deposit auction November 13, 2025
Placement currency RUB
Maximum amount of funds placed (in placement currency) 1,770,000,000
Accommodation period, days 364
Date of deposit November 14, 2025
Refund date November 13, 2026
Minimum interest rate for placement, % per annum 14.6
Conditions of imprisonment, urgent or special Urgent
Minimum amount of funds placed per application (in placement currency) 1,770,000,000
Maximum number of applications from one Participant, pcs. 1
Auction form, open or closed Open
Basis of the Treaty General Agreement
Schedule (Moscow time)
Preliminary applications from 10:30 to 10:40
Applications in competition mode from 10:40 to 10:45
Setting a cut-off percentage or declaring the auction invalid until 11:00
Additional terms and conditions Placement of funds with the possibility of early withdrawal of the entire deposit amount and payment of interest accrued on the deposit amount at the rate established by the deposit transaction, in the event of the Bank's non-compliance with the requirements established by paragraph 2.1. of the Regulation "On the procedure for selecting banks for placing funds of the Moscow Small Business Lending Assistance Fund in deposits (deposits) under the GDS" (as amended on the date of the deposit transaction), early withdrawal at the "on demand" rate, interest payment monthly, on the last business day of the month, without replenishment

Financial news: 11/13/2025, 11:10 AM (Moscow time) the values of the upper limit of the price corridor and the range for assessing market risks for security RU000A10A6B8 (RusGid2P02) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

November 13, 2025, 11:10 AM

In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by the NCC (JSC) on 13.11.2025, 11-10 (Moscow time), the values of the upper limit of the price corridor (up to 126.21) and the range of market risk assessment (up to 1391.4 rubles, equivalent to a rate of 26.25%) of the security RU000A10A6B8 (RusGid2P02) were changed.

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.

Financial news: 11/13/2025, 11:49 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A105LY0 (sСОПФДОМ4) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

November 13, 2025, 11:49 AM

In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by the NCC (JSC) on 13.11.2025, 11:49 (Moscow time), the values of the upper limit of the price corridor (up to 102.58) and the range of market risk assessment (up to 1128.5 rubles, equivalent to a rate of 12.5%) for security RU000A105LY0 (sСОПФДОМ4) were changed.

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.

Financial news: 11/13/2025, 12:01 (Moscow time) the values of the lower boundary of the price corridor and the range for assessing market risks for the security RU000A0ZZDB0 (EABR 1P-01) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

November 13, 2025, 12:01 PM

In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by the NCC (JSC) on 13.11.2025, 12-01 (Moscow time), the values of the lower limit of the price corridor (up to 88.14) and the range of market risk assessment (up to 835.22 rubles, equivalent to a rate of 17.5%) for the security RU000A0ZZDB0 (EABR 1P-01) were changed.

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.