OREANDA-NEWS. January 9, 2013. Moscow Exchange Derivatives Market Committee decided to increase the minimum initial margin for instruments traded on the Derivatives Market and in the Standard Sector of the Moscow Exchange for New Year's holidays 2012-2013. The increase will be undertaken in two stages: the first stage will take place during the main clearing session on the 26th of December 2012, the second stage will take place during the main clearing session on the 27th of December 2012. Initial margin parameters will be changed to base values during the main clearing session on the 8th of January 2013.

Futures contracts/ Standard market sector instruments

Initial Margin size

Basic size*

First stage (starting from
the evening clearing session
on December 26, 2012)

Second stage(starting from
the evening clearing session
on December 27, 2012
through the evening
clearing session
on January 8, 2013)

RTSI

10%**

12%**

14%**

RTS Standard Index

10%

12%

14%

Russian Volatility Index

30%**

35%**

40%**

MICEX Index

10%

12%

14%

Sectoral index RTScr

35%**

37%**

40%**

Sectoral index RTSog

35%**

37%**

40%**

BOVESPA Index

12%

13%

15%

SENSEX Index

10%

12%

15%

Hang Seng Index

10%

12%

15%

FTSE/JSE Top40 Index

12%

13%

15%

Norilsk Nickel ordinary shares

12%

14%

17%

GAZPROM ordinary shares

10%

12%

15%

LUKOIL ordinary shares

10%

12%

15%

ROSNEFT ordinary shares

12%

14%

17%

Sberbank ordinary shares

10%

12%

15%

Surgutneftegas ordinary shares

12%

14%

17%

VTB Bank ordinary shares

12%

14%

17%

MTS ordinary shares

15%

17%

20%

NOVATEK ordinary shares

15%

18%

22%

Transneft preferred shares

12%

16%

20%

Sberbank preferred shares

12%

15%

18%

RusHydro ordinary shares

12%

15%

18%

RSDs representing rights on shares of United Company RUSAL Plc.

15%

17%

20%

Tatneft ordinary shares

15%

17%

20%

Severstal ordinary shares

15%

17%

20%

Uralkali ordinary shares

15%

17%

20%

Surgutneftegas preferred shares

12%

14%

17%

FGC UES ordinary shares

20%

25%

30%

NLMK ordinary shares

25%

30%

35%

MMK ordinary shares

25%

30%

35%

Aeroflot ordinary shares

25%

30%

35%

INTER RAO UES ordinary shares

20%

25%

30%

Holding IDGC ordinary shares

25%

30%

35%

MosEnergo ordinary shares

25%

30%

35%

NCSP ordinary shares

25%

30%

35%

OGK-2 ordinary shares

25%

30%

35%

Raspadskaya ordinary shares

25%

30%

35%

Gazprom neft ordinary shares

20%

25%

30%

TGK-1 ordinary shares

25%

30%

35%

Rostelecom ordinary shares

15%

16%

18%

Troika Dialog AM, "Troika Dialog - RTS Standard Index", fund units

12%

14%

17%

 

 

 

 

US dollar

3,5%

4,5%

6,0%

EUR/RUB exchange rate

3%

3,5%

4,5%

EUR/USD exchange rate

3%**

3,5%**

4,5%**

AUD/USD exchange rate

5%**

5%**

5,5%**

GBP/USD exchange rate

3%**

3,5%**

4%**

Rate of the three month MosPrime credit

15%

17%

20%

2-year Russian Federation government bonds

1,5%

2%

2,5%

4-year Russian Federation government bonds

2,5%

3%

4%

6-year Russian Federation government bonds

3,5%

4%

4,5%

10-year Russian Federation government bonds

4,5%

5%

5,5%

 

 

 

 

Refined gold

6%**

7,5%**

9%**

Refined silver

12%**

15%**

18%**

Raw sugar

10%

14%

18%

"URALS" oil

15%**

17%**

20%**

"BRENT" oil

8%**

10%**

12%**

Refined platinum

8%**

10%**

12%**

Refined palladium

10%**

12%**

15%**

Copper

8%

10%

12%

 

 

 

 

Diesel fuel

15%

17%

20%

Gas-oil

12%

15%

18%

Corn

12%

15%

18%

Wheat

12%

15%

18%

Cotton

15%

17%

20%

Soy beans

12%

15%

18%

 

 

 

 

power index at the "Center" hub (in basic load hours)

15%

17%

20%

power index at the "Center" hub (in peak load hours)

15%

17%

20%

power index at the "Ural" hub (in basic load hours)

15%

17%

20%

power index at the "Ural" hub (in peak load hours)

15%

17%

20%

power index at the "Eastern Siberia" hub (in basic load hours)

15%

17%

20%

power index at the "West Siberia" hub (in basic load hours)

15%

17%

20%

quarterly futures contract on the power index at the "Center" hub (in basic load hours)

10%

12%

14%

quarterly futures contract on the power index at the "Center" hub (in peak load hours)

10%

12%

14%

quarterly futures contract on the power index at the "Ural" hub (in basic load hours)

10%

12%

14%

quarterly futures contract on the power index at the "Ural" hub (in peak load hours)

10%

12%

14%

annual futures contract on the index at the "Center" hub (in basic load hours)

5%

6%

7%

annual futures contract on the index at the "Center" hub (in peak load hours)

5%

6%

7%

annual futures contract on the power index at the "Ural" hub (in basic load hours)

5%

6%

7%

annual futures contract on the power index at the "Ural" hub (in peak load hours)

5%

6%

7%

* percentage of the contract's value

** For these contracts the minimum initial margin in ruble value is more designated as for the calculation of the initial margin and current usd/rub rate is used.