Moscow Exchange markets risk parameters for New Year public holidays
National Clearing Centre sets higher risk parameters for New Year public holidays effective from 30 December 2014.
If volatility level sees no substantial changes by 30 December 2014, the initial margin values will be set as specified in attachments below.
FX and Precious Metals market
Equity&Bond Market
New values are available at Equity market risk parameters.
New values are available at Bond Market risk parameters.
Derivatives Market
New values are available at Derivatives market risk parameters.
National Clearing Centre will be revising positions and margin requirement values during holidays as required by established procedures. Please ensure that available liquidity is sufficient to cover your obligations following the potential re-evaluation. Should clients fail to meet margin requirements, National Clearing Centre is to apply procedures for forced closure of positions as set forth in the clearing rules.
National Clearing Center will gradually reduce initial margins back to current values, if market prices do not move significantly during the given period.
Moscow Exchange's trading schedule for the New Year 2015 public holidays is as follows:
31 December is a business but non-trading day on Moscow Exchange.
1-4 January, 7 January and 10-11 January 2015 are non-business days.
Trading schedule on 5-6 January and 8-9 January 2015 is available at Moscow Exchange website.
For further information, please contact the Public Relations Department at (495) 363-3232.