Risk Parameters Updated on Securities Market, Effective April 22, 2026

CCP NCC updated risk parameters for the Securities market, establishing minimum initial margin tiers (13%/16%/19%) and concentration limits (400,000/2,000,000 securities) for security RU000A10EL88 effective April 22, 2026. Short selling is not prohibited and collateral requirements are in effect.

Brokers and investors trading Russian securities should note the new margin and concentration thresholds when assessing positions in the affected security. Margin requirements at all three levels have increased compared to the prior tiered structure, requiring potentially higher collateralization for large positions.