Settlement of futures and options on FORTS in September 2012
On September 14, 2012 futures and options contracts will be settled through the unified settlement technology implemented on FORTS and Standard Sector.
Settlement schedule is the following:
September 14 |
The last trading day for single stock futures and options on single stock futures. During the evening clearing session (6:45 -7.10 pm MSK), options on single stock futures are settled (if there is an exercise order, besides in-the-money options exceeding a limit which are settled automatically). Additional evening session starts at 7:10 pm MSK. |
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September 17 |
The last trading day for options on the RTS Index futures and futures on Indices (RTS Index, RTS Standard Index, Sectoral Indices, MICEX Index). Over the period from 3:00 pm to 4:00 pm MSK settlement prices of futures contracts on the Indices are calculated (on the basis of the average value of the relevant index for the above-noted period). During the evening clearing session options on the RTS Index futures and the MICEX Index futures are settled (in-the-money options are settled automatically). Additional evening session starts at 7:10 pm MSK. |
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September 21 |
At 5:00 pm, MSK delivery for trades executed on Standard Sector on September 14 in order to settle single stock futures takes place. |
Single stock futures will be settled through execution of trades with settlement on T+5 (after the clearing session the new trading day begins, and the trade"s settlement day is automatically changed to Т+4) at the futures" Settlement price. Trading in those instruments with settlement on T+4 will take place on Standard Sector anonymously, which will give the opportunity to manage trading positions gained after the single stock futures have been settled during the trading day on September 17.
As a result, market participants obtaining share after the futures settlement will have an opportunity influence the strike prices of futures on Indices, due to the fact that prices of shares traded on Standard Sector are included in the RTS Index, RTS Standard Index and sectoral indices.
For further information, please contact the Public Relations Department at (495) 363-3232.