DUSDRUB
US Dollar
USD 50,000
Russian Ruble (RUB)
US Dollars (USD)
RUB for 1 USD (e.g. RUB 49.001 / 49.002 Per 1 USD)
0.001 RUB
50 RUB
Monday through Friday
DGCX Trading Hours
Quarterly Contracts December, March, June, September, at the outset first three Contracts shall be available for trading.
15th day of the expiry month, except where that day is a bank holiday in either Dubai or Moscow, in which case the Last Day of Trading shall be the following Business Day that is not a bank holiday in either Dubai or Moscow.
Business Day immediately following the Last Day of Trading
From Trading Currency to Settlement Currency Based on Spot Prices available for USD/RUB at the end of DGCX Trading Hours
From Trading Currency to Settlement Currency Based on the USD-RUB fixing issued by Moscow Exchange (MOEX) on the last trading day
Based on the USD-RUB fixing issued by MOEX on the last trading day
Cash
EFS, EFP, Block trade facilities available
No price limit (for the avoidance of ‘fat finger’ errors price band shall be 1.00 RUB from previous settlement price e.g. if previous settlement price is RUB 49.001/US$ then the price band is from 48.001 to 50.001)
500 lots for Banks and Institutions promoted by Banks All other entities 200 lots
The Initial Margin will be denominated in RUB and the same shall be converted into equivalent USD at the prevalent Spot market rate of USD/RUB to display Initial Margin Utilization in USD terms. At the outset, Initial Margin shall be RUB 120,000 subject to change.
Indicative VM on EOS-Clear will be displayed in USD as per the prevalent spot market rate for USD/RUB DCCC shall update the spot rates for USD/RUB intraday for at least 3 times at 0600 hrs, 1500 hrs and End of DGCX Trading Hours
100% Calendar Spread benefit
At times of high volatility, an extra margin, as deemed fit by the DCCC, may be charged
Not applicable
Shall be taken from available market data sources like Bloomberg and Reuters.