List of services

Information product Instrument Period Price

    Terms of Data

    Trading modes

    TRADING MODES FOR REPO TRADING

    Trading
    mode ID
    Trading mode name Settlement
    currency
    Trading mode
    as per
    the Trading Rules
    Securities
    admitted
    Trading
    members
    GCRP GCC REPO with CCP 1 d RUB REPO with CCP – order book orders КСУ GC Bonds,
    КСУ GC Shares,
    КСУ GC Expanded,
    КСУ OFZ
    1. Already with access to REPO with CCP
    2. Trading on client accounts is available only to qualified investors
    GCOW GCC REPO with CCP 1 w
    GCSW GCC REPO with CCP 2 w
    GCOM GCC REPO with CCP 1 m
    GCSM GCC REPO with CCP 2 m
    GCTM GCC REPO with CCP 3 m
    GCUM GCC REPO with CCP 6 m
    GCOY GCC REPO with CCP 1y
    GURP GCC REPO with CCP 1 d (settled in USD)*** USD
    GUOW GCC REPO with CCP 7 d (settled in USD)***
    GUSW GCC REPO with CCP 14 d (settled in USD)***
    GUOM GCC REPO with CCP 1 m (settled in USD)***
    GUSM GCC REPO with CCP 2 m (settled in USD)***
    GUTM GCC REPO with CCP 3 m (settled in USD)***
    GUUM GCC REPO with CCP 6 m (settled in USD)***
    GUOY GCC REPO with CCP 1 y (settled in USD)***
    GERP GCC REPO with CCP 1 d (settled in EUR)*** EUR
    GEOW GCC REPO with CCP 7 d (settled in EUR)***
    GESW GCC REPO with CCP 14 d (settled in EUR)****
    GEOM GCC REPO with CCP 1 m (settled in EUR)***
    GESM GCC REPO with CCP 2 m (settled in EUR)***
    GETM GCC REPO with CCP 3 m (settled in EUR)***
    GEUM GCC REPO with CCP 6 m (settled in EUR)***
    GEOY GCC REPO with CCP 1 y (settled in EUR)***
    PSGC Negotiated  GCC REPO with CCP RUB Negotiated REPO with CCP
    PUGC Negotiated GCC REPO with CCP (settled in USD)*** USD
    PEGC Negotiated GCC REPO with CCP (settled in EUR)*** EUR
    Trading
    mode ID
    Trading mode name Settlement
    currency
    Trading mode as per
    the Trading Rules
    Securities
    admitted
    Trading members
    EQRP REPO with CCP  1 d RUB REPO with CCP – off order book orders Shares, ETF, DRs, OFZs, Eurobonds, corporate and other bonds 1. Contribution to the Guarantee Fund*
    2. In trading modes with non-RUB settlement (such as EQRD, EQRE, EQWD, EQWE,
    PSRD and PSRE), Russian domestic  securities are available only to authorised banks for their proprietary trading.
    Trading in foreign securities is not restricted**
    EQRD REPO with CCP  1 d USD
    EQRE REPO with CCP  1 d EUR
    EQRY REPO with CCP  1 d Yuan
    EQWP REPO with CCP  7 d RUB
    EQWD REPO with CCP  7 d USD
    EQWE REPO with CCP  7 d EUR
    EQMP REPO with CCP  1 m RUB
    EQMD REPO with CCP  1 m USD
    EQME REPO with CCP  1 m EUR
    EQTP REPO with CCP  3 m RUB
    ETQD REPO with CCP  3 m USD
    EQTE REPO with CCP  3 m EUR
    PSRP Negotiated REPO with CCP RUB Negotiated REPO with CCP
    PSRD Negotiated REPO with CCP USD
    PSRE Negotiated REPO with CCP  EUR
    PSRY Negotiated REPO with CCP  Yuan
    Trading
    mode ID
    Trading mode name Settlement
    currency
    Trading mode as per
    the Trading Rules
    Securities
    admitted
    Trading members
    FBFX REPO with the CBR: fixed rate RUB REPO with CBR:
    fixed rate
    Eligible securities Trading members authorised by the Bank of Russia
    FBCB REPO with the CBR: Repo auction REPO with CBR:
    REPO auction
    FBCU USD REPO with CBR: Repo auction USD
    FBCE EUR REPO with CBR: Repo auction EUR
    Trading
    mode ID
    Trading mode name Settlement
    currency
    Trading mode as per
    the Trading Rules
    Securities
    admitted
    Trading members
    RPMO REPO-M: bonds RUB REPO in shares, repo in bonds Foreign securities, Bonds (including Eurobonds) No additional restrictions
    RPEO REPO (foreign currency): EUR EUR
    RPEU REPO (foreign currency): USD USD

    * Contributions into the Guarantee Funds are accepted by NCC in the form of cash (RUB, USD, EUR) and securities (OFZs). A contribution to the Guarantee Fund should be equivalent to RUB 5 mn for proprietary trading and RUB 10 mn for proprietary and client trading.   
    ** "Domesticsecurities"means:

    1. Issue-grade securities denominated in the currency of the Russian Federation and registered in the Russian Federation;
    2. Other securities issued in the Russian Federation to provide the holder with the right to acquire cash in RUB.              

    "Foreign securities" means securities, also in book-entry form, that do not refer to domestic securities pursuant to Federal law.  
    *** Trading modes with settlement in foreign currency are available only to banks using their own accounts.

    TRADING SCHEDULE

    REPO with the CCP and GCC REPO
    Negotiated trading  
    Order book trading  
       9:30  10:00  16:00  17:00  18:00  19:00  20:00
            Clearing and settlement   Clearing and settlement  
        Calculation of net settlement claims/obligations and blocking assets for delivery at 17:00*   Calculation of net settlement
    claims/obligations
       

    * at 16:00, the first clearing pool across T+ trades and CCP-cleared repos with same day settlement is set in respect to trades executed yesterday and before 16:00 today.
    Limits in the amount of the net short position are set (on securities, the Single Limit and cash).
    The first clearing pool includes also T0 trades executed before 17:30.


    Interdealer REPO
    Settlemetn codes: Rb, S0, S1, S2
     
    Settlement code: Z0 (prompt delivery)
       9:30  10:00  17:00  18:00  19:00  20:00
            Clearing and settlement     Clearing and settlement  
            Calculation of net settlement
    claims/obligations
       

    The first clearing pool includes also negotiated and interdealer repo transactions and negotiated T+ trades with same day settlement all with settlement instructions exercised before 17:30.


    REPO with CBR

    The trading schedule is set by the Bank of Russia on its own.