Moscow Exchange To Increase The Maximum Amount Of Foreign Currency Accepted As Collateral For Derivatives Trades To 50 Million US Dollars


Besides Russian rubles, foreign currency and securities may be used by a clearing member to post collateral for derivatives trades to the Moscow Exchange's clearing house according to the Methodology for selecting and estimating foreign currency and securities accepted as collateral on the derivatives market.

The new version of the Methodology provides for an increased upper limit for foreign currency accepted as collateral to trade futures and options. Now the members may post up to USD50 mn while before only USD20 mn.

Through this new service the members of the Moscow Exchange's derivatives market including foreign companies gain an opportunity to manage collateral funds differentially and optimize funding costs for both their own and client operations.