FX Market innovations in December 2018

From 3 December 2018, new currency pairs will be launched on the FX Market.

US Dollar currency pairs

Parameters of the new instruments: lot/tick size, trading hours for TOD and TOD/TOM. The close of trading for TOM is 23:50 MSK.

	TOD, TOM, SPT	TOD/TOM, TOM/SPT	Trading hours TOD	Trading hours TOD/TOM	Cut-off time
USD/CHF	USD 1,000 CHF 0.00001	USD 100,000 CHF 0.000001	10:45	11:00	13:00
USD/CNY	USD 1,000 CNY 0.01	USD 100,000 CNY 0.0001	10:45	11:00	13:00
USD/KZT	USD 1,000 KZT 0.01	USD 100,000 KZT 0.0001	10:45	11:00	13:00
USD/TRY	USD 1,000 TRY 0.01	USD 100,000 TRY 0.0001	10:45	11:00	14:00

Beginning of Japanese yen trading

Parameters of the new instrument: lot/tick size and trading hours for TOD

	TOD	Trading hours TOD	Cut-off time
JPY/RUB	JPY 100,000 RUB 0.0001 for JPY 100	18:00	T+1**

** Actual settlement of NCC’s obligations in JPY to trading members takes place on the next day after the TOD trade date due to the time difference between Moscow and Tokyo.

New currency pairs and FX instruments

New FX instruments and currency pairs have been launched on the MOEX FX Market from 17th September 2018.

US Dollar currency pairs

New instruments parameters: lot/tick size, trading hours for TOD and TOD/TOM. TOM, SPT and TOM/SPT trading are run until 23:50 MSK:

	TOD, TOM, SPT	TOD/TOM, TOM/SPT	Trading hours TOD	Trading hours TOD/TOM	Cut-off time
GBP/USD	GBP 1,000 USD 0.00001	GBP 100,000 USD 0.000001	15:00	15:15	17:00
EUR/USD*	EUR 1,000 USD 0.00001	EUR 100,000 USD 0.000001	15:00	15:15	17:00 (CEST) 18:00 (CET)

* New instruments EUR/USD – SPT and the TOM/SPT swap.

KZT/RUB instruments

New instruments parameters: lot/tick size, trading hours for TOD and TOD/TOM. TOM, SPT, TOM/SPT and swap contracts trading are run until 23:50 MSK:

	TOD, TOM, SPT, LTV	TOD/TOM, TOM/SPT, TOM/1W, TOM/2W, TOM/1M, TOM/2M, TOM/3M, TOM/6M	Trading hours TOD	Trading hours TOD/TOM	Cut-off time
KZT/RUB	KZT 10,000 RUB 0.0025 for KZT 100	KZT 1,000,000 RUB 0.0001 for KZT 100	10:45	11:00	13:00

TRY/RUB instruments

New instruments parameters: lot/tick size, trading hours for TOD and TOD/TOM. TOM trading is run until 23:50 MSK:

	TOD, TOM	TOD/TOM	Trading hours TOD	Trading hours TOD/TOM	Cut-off time
TRY/RUB	TRY 1,000 RUB 0.0001	TRY 100,000 RUB 0.000001	10:45	11:00	14:00

New clearing fees 2018

New clearing fees 2018

New NCC clearing fees (total rate change – 10% from current) for swap deals, deliverable futures and swap contracts for Unified Pool Settlement Accounts.

Fee schedule	Monthly flat rate, ₽	Trades	Clearing	ITS	Rate
SWP_0	-	0.0002125	0.0002625	0.000075	0.000550
SWP_300	300 000	0.0001275	0.0001575	0.000045	0.000330
SWP_600	600 000	0.0000850	0.0001050	0.000030	0.000220
SWP_1000	1 000 000	0.0000680	0.0000840	0.000024	0.000176
SWP_1500	1 500 000	0.0000595	0.0000735	0.000021	0.000154
SWP_3500	3 500 000	0.0000425	0.0000525	0.000015	0.000110

For non-Unified Pool Settlement Accounts fees doesn't change.

Fee schedule	Monthly flat rate, ₽	Trades	Clearing	ITS	Rate
SWP_0	-	0.0002125	0.0002125	0.000075	0.00050
SWP_300	300 000	0.0001275	0.0001275	0.000045	0.00030
SWP_600	600 000	0.0000850	0.0000850	0.000030	0.00020
SWP_1000	1 000 000	0.0000680	0.0000680	0.000024	0.00016
SWP_1500	1 500 000	0.0000595	0.0000595	0.000021	0.00014
SWP_3500	3 500 000	0.0000425	0.0000425	0.000015	0.00010

NCC Fees

MOEX and NCC fees

New instrument: Turkish Lira/Russian Rouble currency pair

Launch date: 29 January 2018.

Instrument: TRYRUB_TOD (same day settlement trades)

Lot size: 1,000 for the main board (CETS), 1 for negotiated trade board (CNGD)
Tick size (both boards): 0,0001
Price accuracy (both boards): to four decimal places

Trading hours: 10:00-10:45 MSK for the main board; 10:00-11:00 MSK (different settlement codes) and 10:00-23:50 MSK (one settlement code) for negotiated trade board.

Time schedule for clearing and settlement of trades: see Supplement 6 to the Common part of the Clearing Rules, Part I.

To trade TRY, full cash pre-funding is required.

Banking instructions on CCP NCC’s account for collateral deposits and settlement of trades will be published later on the CCP NCC’s website.

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