OREANDA-NEWS. October 8, 2007. futures contracts on RAO UESR and OGK-5 common shares were launched on FORTS.

A new futures contract on RAO UESR common shares has codes EERx-12.07 and ExZ7. The settlement date for this contract is December 17, 2007. With the settlement of this contract there will be a delivery of 1000 shares of RAO UESR, as opposed to December futures contract on RAO UESR common shares with codes EERU-12.07 and ESZ7, by which shares basket will be delivered: 1000 RAO UESR common shares + 13595 TGK-5 common shares + 412 OGK-5 common shares.

A new futures contract on OGK-5 has codes OGE-12.07 and OEZ7 and is to be settled on December 17, 2007.

Besides, on Monday, October 8, 2007 new options contract on RAO UESR shares with the codes OGE-12.07 and OEZ7 will be launched.
The launch of these contracts is another step of RTS Stock Exchange in expanding the range of possible operations with derivatives on the shares of power-generating companies of Russia and contributing to minimizing investors’ risks during the reform of RAO UESR.

Derivatives market of RTS – FORTS is a leading trading ground for futures and options in Russia. Trading on FORTS started in September 2001. At present FORTS has the widest in Russian range of instruments. These are 58 contracts (39 futures and 19 options) on shares of Russian companies, bonds, short interest rates, currency, RTS Index, oil, oil products and gold.

The trading volume on FORTS in 2006 exceeded 100 bln dollars. All in all there were made more than 5 mln trades with 89,6 mln contracts. Average daily open interest on standard contracts in 2006 grew by 259,5% in rubles and in December reached 5 bln dollars.