The Guarantee Funds consist of clearing members' (CM's) contributions and is used to cover excess losses arising from participants' failure to fulfill their obligations.
for the Guarantee Fund
|Clearing member's contribution
to Guarantee fund
(millions of rubles)
|FX and precious metals||RUB, USD, EUR, OFZ, Russian sovereign eurobonds*||Сlearing members
of "B" category
|Securities and Money Market||10|
|Standardised OTC Derivatives||10|
* for USD, EUR, OFZ and Russian sovereign eurobonds haircuts are applied.