The RTS Clearing Center can accept as Initial Margin for derivatives trading from Clearing Members and their clients those securities that are included into the List of securities eligible as Collateral which if formed in accordance with the Method for selecting securities.
List of Securities eligible as Collateral
| Issuer, security type |
Maximum allowed number
of securities per Clearing
Member, units |
Settlement Depository |
| LUKOIL, ordinary |
61,000 |
CJSC "DCC" |
| MMC "NORILSK NICKEL, ordinary |
10,000 |
CJSC "DCC" |
| Sberbank, ordinary |
1,300,000 |
CJSC "DCC" |
| Surgutneftegas, ordinary |
860,000 |
CJSC "DCC" |
| Rosneft, ordinary |
240,000 |
CJSC "DCC" |
| Gazprom, ordinary |
1,400,000 |
CJSC "SDC", CJSC "DCC" |
| VTB Bank, ordinary |
380,000,000 |
CJSC "DCC" |
| Severstal, ordinary |
23,000 |
CJSC "DCC" |
| MMK, ordinary |
64,000 |
CJSC "DCC" |
| MTS, ordinary |
36,000 |
CJSC "DCC" |
| NLMK, ordinary |
43,000 |
CJSC "DCC" |
| Sberbank, preferred |
150,000 |
CJSC "DCC" |
| Tatneft, ordinary |
48,000 |
CJSC "DCC" |
| Transneft, preferred |
230 |
CJSC "DCC" |
| FSK EES, ordinary |
38,000,000 |
CJSC "DCC" |
| RusHydro, ordinary |
12,000,000 |
CJSC "DCC" |
The RTS Clearing Center registers securities as Initial Margin in accordance with the Clearing rules of CJSC "RTS Clearing Center", taking into account the following coefficients:
| Coefficient |
Value |
| Coefficient of Collateral liquidity |
0.5 |
| Discount coefficient applied when determining the estimated value of securities |
0.3 |
For the RTS Clearing Center to start registering securities as Initial Margin, Clearing Members and their clients are to transfer these securities to special sections of securities accounts opened in the below Settlement Depositories:
- for Gazprom stocks – CJSC "Settlement Depository Company" (depository ¹ 883 AB "Gazprombank" (CJSC)) or CJSC "Depository Clearing Company";
- for the rest of the stocks – CJSC "Depository Clearing Company".
Procedure for crediting Gazprom shares as Collateral to a securities account in CJSC "SDC":
- Sign a Depositor Agreement with the RTS Clearing Center.
The Agreement type depends on the status of the securities account owner:
- If the securities account owner is a Clearing Member:
Depositor Agreement 
- If the securities account owner is a Clearing Member’s client:
Depositor Agreement
- Submit to depository ¹ 883 AB "Gazprombank" (CJSC) an instruction to move Gazprom shares to a special section of the securities account (Ð005) (the standard form is published at http://www.gazprombank.ru/). The special section Ð005 is automatically opened for the securities account owner on receipt of the above-mentioned instruction.
Procedure for crediting securities as Collateral to a securities account in CJSC "DCC":
- Sign an Agreement with the RTS Clearing Center.
The Agreement type depends on the status of the securities account owner:
- if the securities account owner is a Clearing Member:
Agreement
- if the securities account owner is a Clearing Member’s client:
Agreement
- Open a special section of the securities account (FORTS section).
Submit to CJSC "DCC" an instruction to open a FORTS section (for standard form, please refer to Appendix D19 to the Depository Rules). The instruction shall be executed in three counterparts, signed by the company’s authorized representative, with the company’s seal affixed hereto, and served to the RTS Clearing Center (please, deliver to Sales Department, floor 4). After the authorized representative has signed the instruction, the Clearing Center shall no later than on the next business day transfer the given instruction to CJSC "DCC". Based on the instruction, CJSC "DCC" opens a special section in the securities account and returns the instruction bearing the depository’s marks to the RTS Clearing Center and the depositor, one counterpart for each.
- Inform the RTS Clearing Center.
You are to notify the RTS Clearing Center of the clearing registers’ sections assigned to the FORTS section (for standard notice form, please refer to Appendix 1 to the Encumbrance Agreement).
- Transfer the securities to the FORTS section.
In order to move securities from the main section of the securities account to the FORTS section, you are to submit to CJSC "DCC" a relevant instruction (for standard form, please refer to Appendix D14 to the Depository Rules 
).
The estimated value of securities that are registered in special sections of the securities account is credited to the relevant sections of clearing registers by the Clearing Center basing entirely on the information provided to the RTS Clearing Center by the Settlement Depository.
Securities are returned from special sections of securities accounts on the basis of the following documents submitted by the securities account owner:
- application submitted to the RTS Clearing Center (for return of Gazprom shares blocked in the securities account in CJSC "DCC")
- instruction submitted to CJSC "DCC"
Instruction to move securities to the main section of the depositor’s securities account (for standard form, please refer to Appendix D14 to the Depository Rules ).
The Settlement Depository returns securities provided that the RTS Clearing Center has given its authorization or instructed the Settlement Depository to do so. The RTS Clearing Center authorizes, i.e. gives instructions – to return securities from the special section of the securities account only if the remaining collateral is enough to cover the obligations of the Clearing Member arising from derivatives trades executed on FORTS.
