Effective November 02, 2011, ordinary registered shares of "Forum Bank" (issuer’s number in the Unified State Register of Enterprises and Organizations of Ukraine – 21574573; ticker in the trading system –FORM) will be transferred to the 2nd tier of the Quotation list of the Ukrainian Stock Exchange.
Transference takes place in accordance with §16.3 of the Trading rules of PJSC Ukrainian Exchange.On October 31, 2011 a joint regular meeting between the Derivatives Market Committees of MICEX and RTS took place.
In accordance with the committees’ decision, the derivatives market members of ZAO MICEX and MICEX Stock Exchange who made deals in 2010-2011, will be offered to become Special Clearing Members in the FORTS money section on special terms, i.e. with zero membership fee.
In addition, the mentioned trading participants will be able to become a General Clearing member and Special Clearing member of the FORTS equity derivatives section with reduced membership fee. The reduced fee implies that only the difference between the amount of a membership fee for a relevant status on FORTS and RUB900 thousand (a membership fee of the derivatives market of ZAO MICEX and MICEX Stock Exchange) should be paid. So, the status of a Special Clearing member in the equity section of the derivatives market will amount to RUB2100 thousand, while the status of a General Clearing member will cost RUB4100 thousand.
The members of the committees also advised to raise the cost of the Special Clearing member status in the FORTS money section up to RUB1 million.
The meeting participants announced the following recommendations for developing simultaneous instruments on the derivatives market of the Integrated exchange to the executive body of MICEX and RTS.
In accordance with these recommendations, open interests in futures on indices and shares of Russian issuers will be voluntarily transferred by the participants from the MICEX derivatives market to FORTS. The committees also advised the MICEX executive body to suspend introducing contracts with other settlement periods. As the open interests are closed or transferred, the contracts in indices or shares will be removed from the list of instruments of the MICEX futures market.
Moreover, unified specifications for the futures contract on Russian Federation government bonds which will meet the market participants requirements is needed. The futures on Russian Federation government bonds with different settlement periods is planned to be launched only on FORTS.
Another recommendation from the committees was to unify an approach to a formation of tariffs for equity futures of MICEX derivatives market. The committees decided to charge a single fee instead of three existing fees. The new fee will equal to a sum of present fees. Thereby tariffs amounts and structure for foreign exchange and interest rates futures contracts remain unchanged.
