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.
| Currency | Time of receival of Requests for Collateral return | Time of execution of Requests for Collateral return | Time of execution of Standing Instructions for Collateral return | |
| AMD | from 8:00 to 12:30 | During the Settlement day when the NCC receives the corresponding Request | Every Settlement day, following the date of the submission of the Standing Instruction | 13:001/14:002 |
| BYN | from 8:00 to 15:30 | 15:30 | ||
| CNY | from 8:00 to 14:45 | 13:15 | ||
| KGS | from 8:00 to 11:00 | 12:45 | ||
| KZT | from 8:00 to 13:15 | 13:00 | ||
| RUB | from 8:00 to 19:30 | 19:45 | ||
| TJS | from 8:00 to 11:00 | 12:45 | ||
| TRY | from 8:00 to 14:00 | 13:001/14:002 | ||
| UZS | from 8:00 to 12:30 | 13:001/14:002 | ||
| GLD | from 8:00 to 20:00 | 20:00 | ||
| SLV | from 8:00 to 20:00 | 20:00 | ||
Crediting of funds in foreign currency to the Account for Collateral return will be performed in accordance with the terms of execution of orders in foreign currency of the correspondent accounts of the Settlement Bank published on the official website of the Settlement Bank on the Internet.
1 For external payments - 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 For domestic payments - 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
2. Time of execution of Standing Instructions for Collateral return (in the amount of the net claim of Trades with and without accounting for fees)
а) which contains the sign indicating the necessity to return the cash funds / precious metal in the amount of the net claim
It includes the net requirement for the transactions and the variation margin, does not include the fee. It is convenient to use for early calculations in the FX market.
| Currency/ Precious metal |
Presence of the provided by the Clearing Member | Time of execution of Standing Instruction | |
| Request for the execution of early settlement* | Standing Instruction to execute early settlement, with the indication of* | ||
| AMD, TJS, KGS | x | x | from 11:00 |
| CNY, KZT, TRY | x | x | from 12:30 |
| RUB | till 11:00 | 11:00 | from 11:00 |
| from 11:00 to 12:30 | 12:30 | from 12:30 | |
| from 12:30 to 14:00 or from 15:15 to 17:30 | х | within 15 minutes after the Clearing House receives the Request for the execution of early settlement | |
| from 14:00 to 15:15 | 15:15 | from 15:15 | |
| from 17:30 to 18:00 | 18:00 | from 18:00 | |
| BYN | till 11:00 | 11:00 | from 11:00 |
| from 11:00 to 12:30 | 12:30 | from 12:30 | |
| from 12:30 to 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 | |
| GLD, SLV | till 11:00 | 11:00 | from 11:00 |
| from 11:00 to 12:30 | 12:30 | from 12:30 | |
| from 12:30 to 14:00 or from 15:15 to 17:30 | х | within 15 minutes after the Clearing House receives the Request for the execution of early settlement | |
| from 14:00 to 15:15 | 15:15 | from 15:15 | |
| from 17:30 to 18:00 | 18:00 | from 18:00 | |
* the request for early settlements is submitted without specifying the time, the Standing Instruction for early settlements specifies the time for early settlements
b) which contains a sign indicating the need to return the funds in the Russian rubles in the amount of the final net claim of the Clearing Member
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 | Presence of: | Time of execution of Standing Instruction | |
| RUB | the Request to limit the end time of execution of Trades with the Clearing House | the Standing Instruction to limit the end time of execution of Trades with the Clearing House (with the specification of the time) | 18:00 |
| from 17:30 to 18:00 | 18:00 | ||
| х | х | 19:00 | |
3. Margin call determination and execution time
| Time of determination of Margin Calls | Time of Satisfaction of Margin Calls | |
| for Guarantee Funds* | 10:00 Settlement day | till 17:30 on the day the corresponding Margin requirement arises |
| for Stress Collateral* | 10:00 Settlement day | till 17:30 on the day the corresponding Margin requirement arises |
| for concentration risk mitigation Collateral* | 10:00 Settlement day | till 17:30 on the day the corresponding Margin requirement arises |
* On the Standardised Derivatives market, Securities market, Derivatives market, FX and Precious Metals market
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 *** |
| from 11:00 till 19:00 | 19:20 | till 20:00 | |
| BYN | till 15:15 | 15:15 | till 15:30*** |
| CNY | till 12:30 | 12:30 | till 13:15 *** |
| from 12:30 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 *** |
| from 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 *** |
| from 12:30 till 19:00 | 19:20 | till 20:00 | |
| UZS | till 11:00 | 11:00 | till 13:00 *** |
| from 11:00 till 19:00 | 19:20 | till 20:00 | |
| 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. Time of receival and execution of Requests (with the indication of the amount) and Standing Instructions (in the maximum available amount) for Collateral return
The corresponding time is indicated in the dropdown "Common for all markets" and the Time specifications of the Common part of the Clearing rules.
3. 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 |
Materials:
Trading Schedule FX and Precious Metals Market
Contact details
on issues relating to Time Specification please contact Your Personal Manager by the phone number +7 495 363 32 32