Moscow Exchange's management has decreed that 2 May will be a trading day for all of the exchange's markets.
The USD/UAH rate will not be calculated by the Emerging Markets Trade Association (EMTA) and published on Thomson Reuters at 11:30 am Kiev time as it usually is, as 2 May will be a non-business day in Ukraine.
As such, in accordance with clause 6.1 of the USD/UAH futures specifications, the following provisions will be applied to determine variation margin on 2 May:
- The settlement price for 2 May will be determined in accordance with the procedure in the rules for organized trading on Moscow Exchange's Derivatives Market.
- The USD/UAH rate will be that calculated by the EMTA and published on Thomson Reuters terminals with code EMTAUAHFIX at 11:30 am Kiev time on 30 April.
- The USD/RUB rate will be that set at 11:30 am Kiev time on 30 April in accordance with the exchange's methodology for calculating indicative currency rates, which is available on its website.