FX and Interest Rate Derivatives
RUONIA futures is the financial instrument based on the Rouble OverNight Index Average – the Russian interbank loan market rate which is calculated by the Bank of Russia on the basis of overnight transactions between banks with the lowest credit risk. The instrument gives you an opportunity to transfer short-term one-day liabilities/assets into long-term and vice versa. The contracts are cash-settled - their settlement does not imply the delivery of the underlying asset.
MosPrime futures is a standard cash-settled contract, which underlying asset is the rate of a three-month ruble loans (deposits) on the Moscow interbank market. MosPrime Rate stands for Moscow Prime Offered Rate.
Futures on Russian federal loan bonds (OFZ) are the delivery contracts, which underlying asset is an OFZ bonds basket comprising the most liquid issues.
RUSFAR futures New – the derivative financial instrument on the Russian REPO market with Central Counter-Party (CCP) secured via General Collateral Certificates. The indicator is calculated by Moscow Exchange based on the information about the requests for concluding these transactions. The instrument facilitates short-term one-day liabilities / assets trasnfer into long-term and vice versa. The contracts are cash-settled - their settlement does not imply the delivery of the underlying asset.