Moscow Exchange to reduce margin rates for the FX, Equity & Bond and Derivatives markets

Effective 8 June 2015 Moscow Exchange will decrease new minimum initial margin requirements on its FX, Equity & Bond and Derivatives markets.

On the FX Market initial margin rates will be reduced from 11% to 9%; on the Equity & Bond Market rates will be reduced from 18% to 15% for the most liquid shares; and for OFZs requirements will be reduced between one and five percentage points. Minimum initial margin requirements will be set at 9% for USD/RUB futures, 10% for RTS Index futures and 10% for MICEX Index futures.

Moscow Exchange is gradually reducing margin rates as the Russian financial market continues to stabilise. The Exchange last reduced margin requirements on 1 April 2015.

Minimum initial margin requirements were increased in December 2014 in response to substantial volatility in the rouble exchange rate and on the Russian securities market.

For further information, please contact the Public Relations Department at (495) 363-3232.