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FORTS: Initial Margin To Be Increased On The Sugar Futures Contract

Date 20/02/2009

As of 6:00 pm MSK, February 20, 2009 the initial margin on the futures contract on granulated sugar, produced in accordance with all-Union State Standard 2194 will be increased to 25 % of the contract’s settlement price in order to secure the fulfillment of delivery obligations under the contract SUGA-03.09 (trading system code SUH9).

The initial margin requirement is raised for the purpose of eliminating the risks of losses by fair buyers during the delivery process in March 2009.