In connection with the approaching of delivery for the period of the evening clearing session of December 12, 2007 to the evening clearing session of December 17, 2007 the minimal size of initial margin for delivery futures contracts with execution in December 2007 will be set as follows:
- for ordinary shares of RAO UES, MMC "NORILSK NICKEL", Gazprom, Lukoil, "Rosneft”, "Rostelecom", "Sberbank", "Surgutneftegaz", JSC VTB Bank – 15% of contract cost
- for ordinary shares of MTS OJSC, NOVATEK, JSC "OGK-3", JSC "OGK-4", OJSC "Polyus Gold", O.J.S.C. "Uralsvyazinform", JSC "OGK-5", privileged shares of Transneft – 20% of contract cost
Derivatives market of RTS – FORTS is a leading trading ground for futures and options in Russia. Trading on FORTS started in September 2001. At present FORTS has the widest in Russian range of instruments. These are 58 contracts (39 futures and 19 options) on shares of Russian companies, bonds, short interest rates, currency, RTS Index, oil, silver, gas, oil, sugar and gold.
The trading volume on FORTS for 9 months 2007 exceeded 166 bln dollars. In FORTS From January to September 2007 there were executed more than 7,2 mln Transactions with 93,5 contracts. Average daily open interest on standard contracts in 2007 grew by 102,6% and in September reached 8 bln dollars.
