CCP NCC Sets Risk Parameters for Securities Market Effective April 24

CCP NCC (Central Counterparty National Clearing Center) of Moscow Exchange has published new risk parameters for the Securities market, effective from April 24, 2026. These parameters apply to ticker RU000A10EXZ9 and include tiered minimum initial margin rates for market risk (Level 1: 50%, Level 2: 60%, Level 3: 70%), concentration limits (Level 1: 300,000 securities, Level 2: 1,500,000 securities), and clarification that short selling is not banned and no collateral restrictions are in place.

Market participants holding positions in RU000A10EXZ9 will need to ensure adequate margin coverage under the new tiered structure. Clearing members and broker-dealers should update their risk management systems to reflect these new parameters ahead of the April 24 effective date.