In June 2010 futures and options will be settled through the unified
settlement technology implemented on FORTS and RTS Standard.
Settlement schedule:
June 9 | The last trading day for single stock futures and options on single
stock futures. During the evening clearing session (6:45 -7.00 pm MSK), options on single stock futures are settled (if there is an exercise order). During the evening clearing session, single stock futures are settled through execution of trades on RTS Standard with settlement on June 17. |
June 11 | The last trading day for options on the RTS Index futures and
futures on RTS Indices (RTS Index, RTS Standard Index, Sectoral
Indices). During the evening clearing session options on the RTS Index futures are settled (in-the-money options are exercised automatically). During the evening clearing session futures contracts on indices are settled (the settlement price is calculated as the average value of the relevant index for the period from 3:00 to 4:00 pm MSK). |
June 17 | By 9:00 am, MSK delivery for trades executed on RTS Standard on June 9 will take place in order to settle single stock futures. |
Single stock futures will be settled through execution of trades with settlement on T+5 (after the clearing session the new trading day begins, and the trade’s settlement day is automatically changed to Т+4) at the futures’ settlement price (this provides collateral for the RTS Standard trade).