Moscow Exchange Risk Parameters Change

FX and precious metals market

NCC Clearing Bank is changing inter-asset spread discount on FX market starting from June 14, 2017:

Asset 1	Asset 2	Current discount rate	New discount rate
EUR	USD	0.58	0.71

Securities market

NCC Bank is changing risk parameters on Securities market starting from June 14, 2017 according to the list attached:

NCC Bank changes a ban attribute for short sells for the following shares starting from June 14, 2017:

Ticker	Description	Current attribute	New attribute
SVAV	Sollers	No	Yes
TGKD	Kvadra	No	Yes
TGKB	TGK-2	No	Yes
NMTP	NMTP	Yes	No
AGRO	ROS AGRO	Yes	No
ENRU	Enel Russia	Yes	No
FXUS	FinEx MSCI USA UCITS ETF	Yes	No
FXJP	FinEx MCSI Japan UCITS ETF	Yes	No
FXIT	FinEx MSCI USA IT UCITS ETF	Yes	No

Derivatives Market

NCC Clearing Bank is changing the following risk parameters on Derivatives market starting from 7:00 pm June 13, 2017:

№	Underlying	Description	Current IM rate	New IM rate
1	MIX	MICEX Index	10%	9%
2	MXI	MICEX Index (mini)	10%	9%
3	RTS	RTS Index	10%	9%
4	AUDU	AUD/USD Exchange Rate	5%	4%
5	ED	EUR/USD Exchange rate	5%	3.5%
6	RUON	RUONIA rate	2.5%	2%
7	OFZ2	Two-year Russian Federation government bonds	4.5%	4%
8	OFZ4	Four-year Russian Federation government bonds	6%	5%
9	OFZ6	Six-year Russian Federation government bonds	7%	6%
10	OF10	Ten-year Russian Federation government bonds	8%	7%
11	OF15	Fifteen-year Russian Federation government bonds	11%	10%
12	BR	BRENT oil	12%	10%
13	SILV	Silver	12%	10%

№	Inter-month spreads contracts list	Current spread coefficient	New spread coefficient	Futures spread dates
1	Futures on RUONIA rate	from 1 to 2.5*	from 1 to 2*	The second settlement day in the month cycle
		from 1 to 2.5*	from 1 to 2*	The third settlement day in the month cycle
		from 1 to 2.5*	from 1 to 2*	The forth settlement day in the month cycle
		from 1 to 2.5*	from 1 to 2*	The fifth settlement day in the month cycle
		from 1.2 to 3*	from 1 to 2*	The sixth settlement day in the month cycle
		from 1.5 to 3.75*	from 1 to 2*	The seventh settlement day in the month cycle
		from 1.5 to 3.75*	from 1 to 2*	The eighth settlement day in the month cycle
		from 1.5 to 3.75*	from 1 to 2*	The ninth settlement day in the month cycle
		from 1.5 to 3.75*	from 1 to 2*	The tenth settlement day in the month cycle
		from 1.5 to 3.75*	from 1 to 2*	The eleventh settlement day in the month cycle
		from 1.5 to 3.75*	from 1 to 2*	The twelfth settlement day in the month cycle

*spread coefficient is changing due to decreasing of initial margin for the nearest futures contract