OREANDA-NEWS. August 23, 2012. Moscow Exchange will launch USD/RUB FX swaps with maturity of the second part of 9 months and 1 year thereby broadening the range of Exchange"s long-term swaps.  In addition, the FX market trading members will get the opportunity to submit off-book orders to execute trades in the forward (USDRUB_LTV) with settlement on up to 365 days to manage swap positions. The launch of the new instruments offers additional opportunities for banks and their clients to hedge against currency and interest rate risks.   

At the same time, on 20 August new versions of the Rules for conducting foreign currency purchase and sale transactions at the UTS, Parameters of UTS orders, instruments and swap trades with amendments related to executing trades in long-term swaps as well as a new Structure of electronic message (XML-file) “Extract from the trades register (analytical accounting of trades)” will come into force.

Earlier this year, on April, Moscow Exchange introduced USD/RUB FX swap trades with 1W, 2W, 1M, 2M, 3M and 6M maturities on its FX market.   On 20 August this range of instruments will be modified to include 9M and 1Y swaps.