This notice is to let you know that Moscow Exchange has changed the settlement process for the raw sugar futures contract. Starting from contract series SUGR-7.21 and onwards, the contract will be settled in intraday clearing. The USD/RUB FX rate determined in accordance with the Moscow Exchange Fixing Methodology as of 12:30 MSK, published on the Exchange website, will be used to calculate the settlement price. Previously, the contract was settled in after-hours clearing, using the indicative USD/RUB rate as of 18:30 MSK.
The procedure for determining the settlement price of the ICE’s Sugar No.11 Futures contract used to settle the MOEX contracts remains unchanged.
