Acceptance of property other than Russian Rubles as Collateral
To increase efficiency of the use of financial assets owned by the Clearing Members the following property types other than amounts in Russian rubles shall be accepted as initial and delivery margin:
property rights under bank guarantees;
The share of property other than Russian rubles in the individual clearing collateral may not be more than 70% of the initial margin, 100% of the delivery margin. The cost of the property accepted as individual clearing collateral shall be determined as nominal cost (official exchange rate) of the property in view of the discount. Information on the determined cost of the property accepted as individual clearing collateral shall be recorded in the Report on Parameters of the Property Accepted as Collateral which report shall be provided to the Clearing Members.
Detailed information on accounting of the property other than Russian rubles as individual clearing collateral is given in the following presentation: Financial instruments accepted as collateral within the derivatives market of SDCO (JSC).
You may ask for advice concerning acceptance of bank guarantees and foreign currency as collateral in the Client Relations Department of the Clearing Services Administration of SDCO (JSC) and in the Derivatives Market Clearing Services Department.