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Futures settlement

For more detail on the specific date of a futures settlement, please see the contract specifications under the relevant contract on the Instruments page.

Futures Last day of trading Day of expiration Settlement method Time of settlement
Futures on Russian shares Third Thursday on the month of expiration Trading day following the third Thursday Delivery (Settlement of equity futures on T+2 market) Evening clearing
Futures on shares of foreign issuers
Futures on depositary receipts (GDR, ADR)
Futures on Russian Indexes (RTS and MOEX, RTS mini and MOEX mini) Third Thursday on the month of expiration Cash settled (Settled against the settlement price and variation margin applied accordingly) Evening clearing
Futures on Sector Index
Futures on Currency pairs
Futures on precious metals
Futures on copper
Russian Ruble FX Futures Day clearing
Futures on shares of foreign issuers traded on the Frankfurt Stock Exchange Third Friday on the month of expiration Cash settled (Settled against the settlement price and variation margin applied accordingly) Evening clearing
Futures on SPDR S&P 500 ETF Trust Day clearing

Precious Metals Futures Contract Specification (Deliverable)
Day preceding the third Thursday on the settlement month Delivery (Settlement T+1 on the FX Market and Precious Metals Market) Evening clearing
Futures contract on USD/INR exchange rate Day that is two trading days before the contract settlement month's last trading day Cash settled (Settled against the settlement price and variation margin applied accordingly) Evening clearing
Futures on Brent Oil Final Settlement Date of an appropriate Brent Crude Futures as published on the ICE Futures Europe's website http://moex.com/ru/derivatives/commodity/oil/ Cash settled (Settled against the settlement price and variation margin applied accordingly) Evening clearing
Futures on Sugar Last Trade Date of an appropriate Sugar №11 Futures as published on the ICE Futures U.S. http://moex.com/ru/derivatives/commodity/rawsugar/ The first trading day of the months Cash settled (Settled against the settlement price and variation margin applied accordingly) Day clearing
Futures on OFZ Trading day preceding the 5th calendar day of the expiration month. The trading day following the last trading day of the futures. Delivery (Settlement T+1 on the Equity Market) Evening clearing
Futures on RUONIA Last trading day of the expiration month Cash settled (Settled against the settlement price and variation margin applied accordingly) Evening clearing
Futures on WTI Crude Oil The last day of the contract, published on the website of the CME Group https://www.cmegroup.com/ Cash settled (Settled against the settlement price and variation margin applied accordingly) Day clearing
Future on non-ferrous and industrial metals Tuesday immediately preceding the third Wednesday on the month of expiration Cash settled (Settled against the settlement price and variation margin applied accordingly) Day clearing
Futures on Russian Market Volatility Last trading day of the near-series options that expire in the Contract's settlement month and year Cash settled (Settled against the settlement price and variation margin applied accordingly) Evening clearing
Futures on Natural Gas Date of the related Henry Hub Natural Gas Futures Contract as published on the CME Group’s website at www.cmegroup.com Cash settled (Settled against the settlement price and variation margin applied accordingly) Day clearing
RUSFAR Futures Last trading day of the Contract's settlement month Cash settled (Settled against the settlement price and variation margin applied accordingly) Evening clearing
RUSFARUSD Futures
Agricultural futures Tenth day of the settlement month The day which immediately follows the last trading day for the Contract and which is a trading day on the NME spot market Delivery under sale contracts on the NME spot market Day clearing
Moscow Real Estate DomClick Index Futures 3rd (third) Business Day of the week following the 3rd (third) Sunday of the expiration month and year Cash settled (Settled against the settlement price and variation margin applied accordingly) Evening clearing
RGBI Index Futures first working day of March, June, September and December of the settlement year Cash settled (Settled against the settlement price and variation margin applied accordingly) Day clearing