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24.02.2025 09:34

Risk parameters change on FX Market

CCP NCC sets the following risk parameters on FX market for all currency pairs where the price update auction is conducted by Moscow Exchange, starting from February 24, 2025:

Parameter Description Value
1 auctionH Auction is allowed when the upper boundary of the price corridor shifts. Yes
2 auctionL Auction is allowed when the lower boundary of the price corridor shifts. Yes
3 nChangeAuctH Number of upper boundary shifts without starting an auction. 0
4 nChangeAuctL Number of lower boundary shifts without starting an auction. 1
5 uAuctH Waiting time at the upper boundary of the price corridor before a shift when auction is Yes. 10
6 uH Waiting time at the upper boundary of the price corridor before a shift when auction is No. 10
7 uAuctL Waiting time at the lower boundary of the price corridor before a shift when auction is Yes. 10
8 uL Waiting time at the lower boundary of the price corridor before a shift when auction is No. 10
9 uT_H Waiting time at the upper boundary of the price corridor applies under the following conditions:
  • auctionH is set to Yes for this currency pair;
  • the number of previous shifts of the lower boundary for buying or selling this pair meets or exceeds nChangeAuctH;
  • no price update auction is conducted by the Moscow Exchange in case of price corridor boundary changes
600
10 uT_L Waiting time at the lower boundary of the price corridor applies under the following conditions:
  • auctionL is set to Yes for this currency pair;
  • the number of previous shifts of the lower boundary for buying or selling this pair meets or exceeds nChangeAuctL;
no price update auction is conducted by the Moscow Exchange in case of price corridor boundary changes
600

The list of financial instruments on the currency market, subject to a price update auction, is provided on the web-site of Moscow Exchange.

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