| Features |
RTS markets |
| RTS Standard |
RTS Classica |
OTC Market
(RTS Board & RTS Global) |
FORTS |
| Instruments |
liquid stocks of Russian issuers |
stocks, bonds, investment funds, mortgage participation certificates and RDRs |
stocks and bonds, investment funds, foreign securities |
futures and options |
| Trading model |
continuous double auction |
trades are executed based on non-anonymous quotes and in a continuous double auction available for liquid stocks |
trades are made based on indicative quotes |
continuous double auction |
| Deposit requirements |
partial depositing of assets |
no 100% advance depositing of assets,
partial advance depositing of assets in case of CCP trades |
no 100% advance depositing of assets |
Initial Margin requirement |
| Settlement |
DVP on T+4 |
DVP on Т+4, free delivery (advance payment, advance delivery) on up to T+30 |
DVP, free delivery (advance payment, advance delivery) on up to T+30 |
settlement and delivery are effected upon maturity of the contracts |
| Quoted in |
RUB |
USD |
USD |
RUB, USD, basic points |
| Settlement currency |
RUB |
USD, RUB |
USD, RUB |
RUB |
| Market operator |
RTS Stock Exchange |
RTS Stock Exchange |
– |
RTS Stock Exchange |
| Clearing Center |
RTS Clearing Center |
RTS Clearing Center |
not available |
RTS Clearing Center |
| Central Counterparty |
RTS Clearing Center |
RTS Clearing Center (available for liquid stocks only) |
not available |
RTS Clearing Center |
| Cash settlement account |
RTS Settlement Chamber |
any bank in case of free delivery;
for DVP settlement – J.P. Morgan Chase Bank, Citibank (NY) or RTS Settlement Chamber |
any bank in case of free delivery;
for DVP settlement – J.P. Morgan Chase Bank, Citibank (NY) or RTS Settlement Chamber |
RTS Settlement Chamber |
| Registration of title |
Depository Clearing Company; National Depository Center (for Gazprom shares only) |
any depository or register; in case of DVP - Depository Clearing Company |
any depository or register |
Depository Clearing Company; National Depository Center (for Gazprom shares only) |
