"Margin payments for the contract were lowered since Moscow City Bonds are one of the most reliable financial market instruments. They are not volatile and are characterized by low risks for investors, clearing firms and the clearing center alike", said Roman Gorunov, head of the Derivatives market of the Russian Trading System. – the initial margin for the contract was originally set slightly higher than usual since this was a totally new instrument on the Russian securities market – an interest rate futures contract. Now that this contract proved to be popular – its liquidity and open interest are high – it had been decided to lower the initial margin to the optimal level".
FTSE Mondo Visione Exchanges Index:
FORTS Lowers Margin Payments For The Futures On 3-Year Moscow City Bonds FORTS
Date 07/02/2006