15.03.2013 15:57

On 25 March Moscow Exchange launches trading with settlement on T+2 for 15 stocks and all Sovereign bonds

With the T+2 settlement cycle launched at the Exchange the Main T+2 Trading Mode and the Mode for Negotiated Trades with the CCP will be available for its trading members.  To be admitted to trading on the T+2 market they will have to pay a contribution to the Guarantee fund. Initially, until 25 March, the market participants will be required to contribute 2 million rubles that was the amount needed to get access to repos with the CCP.  Thus, clearing members who contributed to the Guarantee fund in order to be admitted to the trading modes "Repo with the CCP" will not be required to pay more.

As from May 01, 2013 the Guarantee fund contribution will be increased to 5 million rubles, while from 1 July the amount will depend on a clearing member"s open interest.

The full list of securities admitted to the T+2 trading from March 25, 2013 as well as discount values for them are available on the Exchange"s website.

For further information, please contact the Public Relations Department at (495) 363-3232.

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