The information below is published for the Clearing Member`s convenience and has no legal force.
NCC`s clearing and other operations execution time is established by the Clearing rules and can be changed by the NCC`s decision.
In case of divergence between the information provided below and the provisions of the Clearing Rules (or the NCC`s decision for the certain operation time change), the Clearing Rules and (or) the NCC`s decision adopted within the Clearing Rules shall prevail.
The indicated time is the Moscow time.
| Time to determine Margin Requirements | Time to execute Margin requirements | ||
| for Guarantee Funds* | 10:00 Settlement day | before 17:30 on the day the corresponding Margin requirement arises | |
| for Stress Collateral* | 10:00 Settlement day | before 17:30 on the day the corresponding Margin requirement arises | |
| for Collateral against concentration risks on the issuer* | 10:00 Settlement day | before 17:30 on the day the corresponding Margin requirement arises | |
* On the Standardised Derivatives Market, Stock Market, Derivatives Market, FX Market and Precious Metals Market
2. Time of receival of Requests for collateral return from Clearing Members for the purpose of returning funds from Collateral / Guarantee Funds / Stress Collateral and Requests for Deposit:
| Currency | Request reception time |
| AMD | from 8:00 to 12:30 |
| BYN | from 8:00 to 13:15 |
| CNY | from 8:00 to 14:45 |
| EUR | from 8:00 to 15:45 |
| HKD | from 8:00 to 11:00 |
| KGS | from 8:00 to 11:00 |
| KZT | from 8:00 to 13:15 |
| RUB | from 8:00 to 19:30 |
| TJS | from 8:00 to 11:00 |
| TRY | from 8:00 to 14:00 |
| USD | from 8:00 to 18:30 |
| ZAR | from 8:00 to 13:15 |
| GLD | from 8:00 to 20:00 |
| SLV | from 8:00 to 20:00 |
The return by the Clearing Centre to the Clearing Members of funds/precious metals as Collateral of Clearing Member2 occurs on the day the Clearing Centre receives the corresponding request/instruction, which is the Settlement Day.
2 - crediting of funds in foreign currency to the Account for collateral return will be made in accordance with the deadlines for the execution of orders in foreign currency to correspondent accounts of the Correspondent Bank, published on the official website of the Correspondent Bank on the Internet.
3. Time of execution of Standing Orders for the return of collateral containing a sign indicating the need to return the entire available amount of funds / the entire available amount of the precious metal
| Currency / Precious metal |
For external payments 1 | For domestic payments 2 |
| AMD | 13:00 | 13:00 |
| BYN | 13:00 | 13:00 |
| CNY | 13:15 | 13:15 |
| EUR | 16:00 | 16:00 |
| HKD | 11:00 | 11:00 |
| KGS | 12:45 | 12:45 |
| KZT | 13:00 | 13:00 |
| RUB | 19:45 | 19:45 |
| TJS | 12:45 | 12:45 |
| TRY | 13:00 | 14:00 |
| USD | 20:00 | 20:00 |
| ZAR | 14:00 | 14:00 |
| GLD | 20:00 | 20:00 |
| SLV | 20:00 | 20:00 |
A standing order for the collateral return is executed by the Clearing Centre every Settlement Day for the relevant currency / relevant precious metal, starting from the first Settlement Day for the relevant currency / relevant precious metal following the date of submission of the specified order, subject to the conditions of its execution.
A standing order for the collateral return submitted by the Clearing Member in relation to all foreign currencies / precious metals is executed by the Clearing Centre in relation to foreign currencies / precious metals in which the Clearing Centre opened Collateral Accounts at the time of submission of the Order.
1 - return of funds to an Account for the return of collateral opened with a credit institution that is not a Settlement bank / Settlement organisation in such a currency
2 - return of funds to an Account for the return of collateral opened with a credit institution that is a Settlement bank / Settlement organisation in such a currency
Execution of the Standing Instruction to return collateral
A Standing Instruction for the return of the collateral is executed by the Clearing Centre every Settlement Day for the corresponding currency / corresponding precious metal, starting from the first Settlement Day for the corresponding currency / corresponding precious metal following the date of the submission of the specified order, subject to the conditions of its execution.
| Currency/Precious Metal | Presence of the provided by the Clearing Member | Time of execution | |
| Request for the execution of early settlement* |
Standing Instruction to execute early settlement, with the indication of* |
||
| HKD, AMD, TJS, KGS | x | x | from 11:00 on the Settlement Date |
| CNY, BYN, KZT, TRY, ZAR | x | x | from 12:30 on the Settlement Date |
| USD | till 11:00 | 11:00 | from 11:00 on the Settlement Date |
| from 11:00 till 12:30 | 12:30 | from 12:30 on the Settlement Date | |
| from 12:00 till 14:00 или from 15:15 till 17:30 | х |
within 15 minutes after the Clearing House receives the Request for the execution of early settlement |
|
| from 14:00 till 15:15 | 15:15 | from 15:15 on the Settlement Date | |
| from 17:30 till 18:00 | 18:00 | from 18:00 on the Settlement Date | |
| RUB | till 11:00 | 11:00 | from 11:00 on the Settlement Date |
| from 11:00 till 12:30 | 12:30 | from 12:30 on the Settlement Date | |
| from 12:00 till 14:00 или from 15:15 till 17:30 | х |
within 15 minutes after the Clearing House receives the Request for the execution of early settlement |
|
| from 14:00 till 15:15 | 15:15 | from 15:15 on the Settlement Date | |
| from 17:30 till 18:00 | 18:00 | from 18:00 on the Settlement Date | |
| EUR | till 11:00 | 11:00 | from 11:00 on the Settlement Date |
| from 11:00 till 12:30 | 12:30 | from 12:30 on the Settlement Date | |
| from 12:00 till 14:00 | х |
within 15 minutes after the Clearing House receives the Request for the execution of early settlement |
|
| not submitted | not submitted | from 15:15 on the Settlement Date | |
| GLD, SLV | till 11:00 | 11:00 | from 11:00 on the Settlement Date |
| from 11:00 till 12:30 | 12:30 | from 12:30 on the Settlement Date | |
| from 12:00 till 14:00 or from 15:15 till 17:30 | х |
within 15 minutes after the Clearing House receives the Request for the execution of early settlement |
|
| from 14:00 till 15:15 | 15:15 | from 15:15 on the Settlement Date | |
| from 17:30 till 18:00 | 18:00 | from 18:00 on the Settlement Date | |
*the request for early settlements is submitted without specifying the time, the Standing Instruction for early settlements specifies the time for
early settlements
It is carried out after determining the Final net obligations / The final net requirements of the Clearing Member in the Russian rubles, specified in the Temporary Regulations. It is convenient to use it for the write-off of the guaranteed fee. It includes the net requirement for the transactions, the variation margin, as well as the fee.
| Currency | Time of the Standing Instruction to return collateral execution with: | ||
| RUB | the Request to limit the closing time of the transactions with the Clearing Centre | the Standing Instruction to limit the closing time of the transactions with the Clearing Centre (with the specification of the time) | 18:00 |
| from 17:30 till 18:00 | 18:00 | ||
| х | х | 19:00 | |
1. Clearing Members` Total Net Obligations/Total Net Claims calculation and execution time
| Currency/ Precious metal |
Trades execution period (on the Settlement Date) |
Total Net Obligations Total Net Claims / calculation time * (on the Settlement Date) |
Total Net Obligations execution time ** (on the Settlement Date) (CUT-OFF TIME) |
AMD | till 11:00 | 11:00 | till 13:00 |
| с 12:30 till 19:00 | 19:20 | till 20:00 | |
| BYN | till 12:30 | 12:30 | till 13:15 |
| CNY | till 12:30 | 12:30 | till 13:15 *** |
| с 12:30 till 19:00 | 19:20 | till 20:00 | |
| EUR | till 15:15 | 15:15 | till 16:00 |
| HKD | till 11:00 | 11:00 | till 12:00 |
| с 11:00 till 19:00 | 19:20 | till 20:00 | |
| KGS | till 11:00 | 11:00 | till 12:00 |
| KZT | till 12:30 | 12:30 | till 13:15 |
| с 12:30 till 19:00 | 19:20 | till 20:00 | |
| RUB | till 19:00 | 19:20 | till 20:00 |
| TJS | till 11:00 | 11:00 | till 13:00 |
| TRY | till 12:30 | 12:30 | till 14:00 |
| с 12:30 till 19:00 | 19:20 | till 20:00 | |
| USD | till 19:00 | 19:20 | till 20:00 |
| ZAR | till 12:30 | 12:30 | till 13:15 |
| GLD | till 19:00 | 19:20 | till 20:00 |
| SLV |
*- for the Clearing Members which did not submit the Request for the execution of early settlement or the Standing Instruction to execute early settlement
** - if there is a failure in the payment systems, the specified time may be extended by the NCC` decision until the specified failure is eliminated
*** - currently specified by the NCC`s direction as 20:00 Moscow time
2. Margin requirements determination and execution time
| Time to determine Margin Requirements | Time to execute Margin requirements | |
| for Settlement Accounts open on the FX Market and Precious Metals Market | 10:00 Settlement day | before 17:30 on the day the corresponding Margin requirement arises |
1. Margin requirements determination and execution time
| Time to determine Margin Requirements | Time to execute Margin requirements | |
| for Settlement Accounts open on the Stock Market, Deposit Market and Credit Market | 10:00 Settlement day | before 17:30 on the day the corresponding Margin requirement arises |
2. Сроки определения и исполнения обязательств
| Determination of Total Net Obligations / Total Net Claims in securities arising from trades, executed till 16:00 |
at 16:00 on the Settlement Date |
| Execution by Clearing Members of Total Net Obligations in securities under trades, executed on the Settlement Date till 16:00 |
at 17:00 on the Settlement Date |
| Execution of REPO / buy-sell trades in securities in case if there are Total Net Obligations / Total Net Claims in securities under trades, executed on the Settlement Date till 16:00, for the fulfillment of which there is an insufficient number of securities |
from 17:00 till 17:30 on the Settlement Day |
| Determination of Total Net Obligations / Total Net Claims in securities, arising from trades, executed on the Settlement Date from 16:00 till 19:00 |
at 19:00 on the Settlement Date |
| Execution by Clearing Members of Total Net Obligations in securities, under trades, executed on the Settlement Date from 16:00 till 19:00 |
at 19:00 on the Settlement Date |
| Execution of REPO / buy-sell trades in securities in case if there are Total Net Obligations / Total Net Claims in securities under trades, executed on the Settlement Date from 16:00 till 19:00, for the fulfillment of which there is an insufficient number of securities |
from 19:00 till 19:20 on the Settlement Day |
1. Margin requirements determination and execution time
| Time to determine Margin requirements | Time to execute Margin requirements | |
| for Settlement Account for tax payment | 10:00 Settlement day | before 17:30 on the day the corresponding Margin requirement arises |
| for Settlement Accounts open on the Derivatives Market | Based on the results of each clearing session mark-to-market (until 14:05 and until 19:05) | No later than 12:30 30 if a Margin requirement arises after the previous evening clearing session or no later than 17:30 if a Margin requirement arises after the previous day clearing session |
1. Margin requirements determination and execution time
| Time to determine Margin Requirements | Time to execute Margin requirements | |
| for Settlement Accounts open on the Standardised Derivatives Market | until 21:30 on the Settlement Day | until 16:00 on the Settlement Day following the day the corresponding Margin requirement arises |
Trading Schedule FX and Precious Metals Market
on issues relating to Time Specification please contact Your Personal Manager by the phone number +7 495 363 32 32