Russian Trading System Futures Contracts Initial Margin To Increase From December 10th To December 16th, 2002

In accordance with Attachment 7 to the "RTS Technical Center Clearing Rules", starting December 10th, 2002, after closing, and ending December 16th, 2002, before opening, the minimum initial margin on all futures contracts will increase to 20% of the total value of a contract. The appropriate decision was made by the RTS Derivatives Committee on November 21st, 2002.

Attachment 7 to the Clearing rules stipulates that the Clearing Center has a right to increase the price movement limits before a holiday, where there will be no trades for 3 or more consecutive days.