OREANDA-NEWS. April 15, 2010. The updated Trading Rules that become effective April 16, 2010 provide for execution of repo trades with the Central Counterparty on RTS Standard.

Repo trades with the Central Counterparty eliminate the risk associated with bilateral lending and borrowing cash and securities on the equities market, and allow the market participants to extend their range of counterparties on the repo market. It is also a tool for prolongation of repo trades with any market participants with settlement guaranteed by the Central Counterparty and without the necessity to provide additional funds.

The minimum settlement cycle for the first and second legs of a repo trade ranges from one to four days.

Obligations under repo trades are netted against obligations under trades executed based on direct and indirect orders on RTS Standard.

Exchange fee for repo trades on RTS Standard

RTS Standard sets a totally new standard for equity trading in Russia. It facilitates building up the liquidity of the Russian securities market, curbs counterparties’ risks and boosts development of the infrastructure. It aims to attract substantial international investor interest into the local equity market due to the applied global standards of trading.

RTS Standard offers CCP trading in anonymous order book without full advance depositing of assets and with settlement on T+4. The market hours are from 10.30 am to 11.50 pm MSK. The range of instruments includes top 22 liquid stocks of Russian issuers. RTS Standard also offers portfolio margining with trades made on FORTS, RTS’s derivatives section, which makes trading in all the instruments possible using a single, consolidated cash position.