29.12.2017 15:24
Postponing of the penalty fee for failed settlement of net obligations in RUB
From 15 January 2018, Moscow Exchange will impose a penalty on participants for late settlement of net obligations in RUB (cut-off time breach). This move aims to standardize the clearing processes on Moscow Exchange’s markets. It had been previously scheduled for 1 January 2018.
Members can settle their net obligations on RUB trades until 20:00 MSK on the trade settlement date. Otherwise, penalty fees will be applied on the outstanding amount, at the following rates:
- Derivatives Market – the Bank of Russia Key Rate
- Equity & Bond and FX Markets – the Bank of Russia Key Rate x 2
For more detailed information on changes in the clearing and settlement processes, please visit the CCP NCC website section on Clearing Innovations.
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