OREANDA-NEWS. September 7, 2010. Please note that starting from September 3, 2010 settlement obligations (delivery) under trades executed on RTS Standard will be performed at 5.00 pm MSK, instead of the current time of 9.30 am.

In order to ensure settlement of the executed trades, market participants will need to credit a sufficient amount of cash or securities to the delivery accounts by 5.00 pm on the settlement day.

The amount of cash or securities that a Clearing Member is required to deliver will be calculated based on the settlement price determined during the intraday clearing on the settlement day itself.

Transferring settlement obligations under trades executed on RTS Standard to a later date enables market participants to avoid posting cash and securities for settlement until the delivery day itself. This allows market participants to accrue additional income by investing their assets that would otherwise have been blocked.

With the option to credit cash and securities for settlement on the delivery day, market participants will be able to execute buy/sell transactions in direct trading mode with settlement on the actual trade date. Trades settled on T+0 can be entered into with any counterparties until 4.00 pm that day. From 4.00 pm to 4.30 pm, direct trades with settlement on T+0 can only be made between sections of the registers opened for the same Clearing Member.

We would like to bring to your attention that the exchange fees have been reviewed.

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 10.00 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, derivatives section of RTS, which makes trading in all the instruments possible using a single, consolidated cash position.