Financial news: On March 16, 2026, a new basis for calculating the zero-coupon yield curve for government bonds comes into effect.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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From March 16, 2026, 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 March 16, 2026

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
29 OFZ 26252 SU26252RMFS5
30 OFZ 26251 SU26251RMFS7
31 OFZ 26253 SU26253RMFS3
32 OFZ 26254 SU26254RMFS1

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: 03/13/2026, 16-16 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0ZYF38 (DOM.RF B-7) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 13, 2026

16:16

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the NCC (JSC) on March 13, 2026, 16:16 (Moscow time), the values of the upper limit of the price corridor (up to 106.07) and the range of market risk assessment (up to 1109.07 rubles, equivalent to a rate of 7.5%) for security RU000A0ZYF38 (DOM.RF B-7) 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: 03/13/2026, 14-54 the values of the lower limit of the repo price corridor, the carry rate and the range of interest rate risk assessment for the AKGD security (AKGD ETF) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 13, 2026

14:54

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 March 13, 2026, 14:54 (Moscow time), the values of the lower limit of the repo price corridor with settlement code Y0/Y1Dt (up to -10.0%), the transfer rate and the range of interest rate risk assessment (up to -1.03 rubles, equivalent to a rate of 57.72%) of the AKGD security (AKGD ETF) 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: How financial institutions' boards of directors can strengthen consumer protection: recommendations from the regulator.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Depending on the scale and nature of a financial institution's operations, its board of directors is recommended to conduct separate monitoring of consumer rights compliance. For this purpose, experts in customer experience, development, and implementation of financial products and services may be invited to join the board.

Furthermore, financial market participants may establish a special consumer rights committee within the board of directors. This committee will address the implementation of professional ethics rules when working with clients and the application of consumer rights enforcement mechanisms. It will also be able to propose improvements to the employee incentive system, taking into account their level of customer-centricity.

The requirements for the committee chairman are similar to the requirements for an independent director established inCorporate Governance Code.

Information letter The Bank of Russia's policy is addressed to financial market participants who work with a large number of individual clients.

Preview photo: Azrin Aziri / Shutterstock / Fotodom

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: 03/13/2026, 14-43 the values of the lower limit of the repo price corridor, the carry rate and the range of interest rate risk assessment for the AKGD security (AKGD ETF) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 13, 2026

14:43

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 March 13, 2026, 14:43 (Moscow time), the values of the lower limit of the repo price corridor with settlement code Y0/Y1Dt (up to -10.0%), the transfer rate and the range of interest rate risk assessment (up to -0.75 rubles, equivalent to a rate of 46.36%) of the AKGD security (AKGD ETF) 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: 03/13/2026, 14-29 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JUKX4 (DOM.RF30ob) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 13, 2026

14:29

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the NCC (JSC) on March 13, 2026, 14:29 (Moscow time), the values of the upper limit of the price corridor (up to 110.74) and the range of market risk assessment (up to 1161.31 rubles, equivalent to a rate of 12.5%) for the security RU000A0JUKX4 (DOM.RF30ob) 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: 03/13/2026, 14-08 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A10B0T2 (RZhD 1P-39R) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 13, 2026

14:08

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the NCC (JSC) on March 13, 2026, 14:08 (Moscow time), the values of the upper limit of the price corridor (up to 124.24) and the range of market risk assessment (up to 1340.15 rubles, equivalent to a rate of 21.25%) for security RU000A10B0T2 (RZhD 1P-39R) 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: Moscow Exchange's derivatives market switches to a single trading session.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

On March 23, 2026, a unified trading session (UTS) will launch on the Moscow Exchange's derivatives market. Key innovations include the elimination of interim clearing and the transfer of the main clearing session to the end of the trading day, which will increase the transparency and convenience of trading and settlements, as well as expand the cash management capabilities of professional market participants and investors.

Since March 23, trading on the futures market has been conducted according to the following regulations:

Morning additional trading session – from 08:50 to 10:00; main trading session – from 10:00 to 19:00; evening trading session – from 19:00 to 23:50; additional weekend session – from 10:00 to 19:00.

The transition between trading sessions will be carried out without clearing breaks during the day. The evening session will be assigned to the current trading day, not the next, as is currently the case. Thus, the trading day will be synchronized with the calendar day.yu1sch.

Clearing and settlements

Interim clearing on the derivatives market is cancelled, and the main clearing session is rescheduled for the end of the trading day and will run from 11:50 PM to 12:30 AM (currently from 6:50 PM to 7:05 PM). Settlements on the derivatives market will occur on the next settlement day (T1) at 8:00 PM, with trading continuing.

Synchronizing settlement cycles with other Moscow Exchange markets will make position and capital management easier and more convenient for participants actively trading on all markets. Also, eliminating interim clearing will extend the time it takes for participants to close margin calls.

New in contract expiration

Cash-settled contracts (futures contracts and premium options) and futures-margined options will expire at 2:00 PM and 7:00 PM, depending on the instrument specification, without interrupting trading. This will allow the opportunity to release funds locked in the position before the clearing session and utilize the financial result of the executed contract within the same trading day.

The expiration of deliverable futures contracts will take place during the clearing session from 23:50 to 00:30 with the conclusion of delivery transactions on the stock market on the following trading day.

Evening auctions

The introduction of a unified trading session will synchronize the start of evening trading on the stock and derivatives markets: it will run continuously on both markets from 7:00 PM to 11:50 PM. Currently, evening trading on the derivatives market starts at 7:05 PM, and on the securities market at 7:00 PM.

Synchronizing trading schedules will expand opportunities for instant arbitrage between spot and futures instruments, improving ease of use during peak market activity.

A full set of information materials, technical instructions, FAQs and current updates on the transition to the Unified Customs System is available at Moscow Exchange website.

Moscow Exchange Derivatives Market Moscow Exchange is a leading derivatives trading platform in Russia and Eastern Europe, combining advanced infrastructure, reliability, and guarantees, as well as state-of-the-art futures and options trading technologies. Today, the Moscow Exchange derivatives market trades 41 stock options, 3 currency options, a gold option, an index option, and over 150 futures contracts and options on them, with underlying assets including stock indices, stocks, currency pairs, precious and industrial metals, oil, gas, and other commodities, as well as interest rates.

yu1sch The extra session on the weekend remains part of the following business day, in accordance with current rules. Media contact information: 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: Financial Instruments Review: Lower Inflation Supports Bond Market in 2025.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Federal loan bonds (OFZ) rose in 2025 after two years of decline amid a gradual slowdown in inflation and monetary easing. In the corporate bond market, the popularity of floating-rate bonds declined, with fixed-rate bonds accounting for the bulk of placements.

Banks remain the key investors in OFZs and corporate bonds, while the share of institutional investors and individuals is gradually increasing.

The digital financial asset market grew thanks to short-term debt issues. Among the issuers, there was an increase in the number of small companies that had not previously issued bonds.

Read more inReview of Financial Instruments for 2025.

Preview photo: Kenishirotie / Shutterstock / Fotodom

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.

RUDN University students are invited to participate in the 2026 Global Design for the Future Competition.

Translation. Region: Russian Federation –

Source: Peoples'Friendship University of Russia

An important disclaimer is at the bottom of this article.

RUDN University students can test their skills in the Global Design for the Future Competition (GCD4F 2026). Applications are accepted until April 30th.

The competition is an international event organized by Beijing Normal University and the UNESCO Institute for Information Technologies in Education (UNESCO IITE). It has been held since 2018 and is recognized as one of the key annual events of the World Alliance for Digital Education. Over the years, the competition has attracted over 25,000 participants from over 40 countries, who submitted over 3,000 innovative project proposals dedicated to promising solutions in education.

This year, participants are invited to develop innovative AI-based solutions aimed at achieving the Sustainable Development Goals across three themes:

AI for Science – creating interdisciplinary research paradigms based on AI, developing new platforms, methods, and models of collaboration to accelerate scientific discoveries (climatology, pharmaceutical research, sustainable materials, energy). AI for Education – exploring the future of AI, ensuring inclusive and equitable quality education for all (personalization of learning, transformation of teaching and student assessment, support for marginalized groups and students with disabilities, integration of education in the field of health and well-being). AI for Society – creating a more sustainable, equitable, and human-centered society with AI (improving mental health, sustainable urban governance, judicial justice, civic participation). An international jury (university experts, industry leaders, representatives of solution beneficiaries) will evaluate the works according to five criteria: problem awareness, innovative spirit, technology for good, application prospects, presentation, and expression.

Who can participate?

The competition is open to undergraduate, graduate, and doctoral students from all academic disciplines at universities worldwide. Participants must form teams of 3–5 people; cross-national, cross-institutional, and cross-disciplinary teams are encouraged.

Each team is recommended to have at least one member fluent in English (all submitted materials and presentations must be in English). Participation in the competition and all its events are free. However, students are responsible for covering their own personal expenses (transportation, accommodation).

Competition Stages The competition will be held from January to October 2026 in three stages.

Initial stage (January–May 2026, online): team formation and registration, development and submission of preliminary work.

Team registration will close at 6:00 PM (Beijing time) on April 30. Participants' submissions (a 5-minute video and design report) will be accepted until 6:00 PM (Beijing time) on May 31. During this period, participants are encouraged to join a series of online sessions organized by the competition committee, including competition briefings, expert lectures, and presentations of outstanding work.

Regional selection (June-July 2026, online or offline): evaluation of initial stage work, project refinement, pitching. Participants will submit an updated video, report, and presentation of their AI solutions. The best teams will advance to the finals. Global final (October 2026, in person in Beijing or Paris): pitching, Global Student Forum. Finalists will present final materials (video, presentation, design report, posters, and, if available, a prototype or demo version of the solution). Based on the results of the pitching, the winners will be selected and awarded.

What are the benefits of participating in the competition?

Awards, certificates, and recognition from Beijing Normal University and UNESCO IITE. All participants who advance to the regional finals or the global finals will receive certificates. Winners will receive a cash prize. Opportunities to participate in events related to the World Alliance for Digital Education and conferences hosted by Beijing Normal University, such as the 2026 Global Intelligent Education Conference, will be available. Selected team submissions will be included in the competition's casebook, published by Springer, and archived in the UNESCO IITE Digital Library as examples of global best practices. Career development opportunities include access to the UNESCO Youth Talent Program on AI in Education, letters of recommendation, and internship offers. Opportunities for further recognition, including potential patents, publications, or intellectual property development.

How to register

You can register and submit materials for the competition through the official website: http://gtsd4fe.bnu.edu.kn/en/index.html.

All necessary document templates for submitting applications are available for download on the website in the "Details" section.

If you don't have access to the website, you can register for the competition by sending a request to the organizing committee's email address: d4fe@bnu.edu.kn.

Contact phone number: 86-010-58807206; 86-010-58807208.

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.