Published on: 2026-04-06
Source: Moscow Exchange – Moscow Exchange –
An important disclaimer is at the bottom of this article.
On April 6, 2026, option contracts (cap/floor) on interest rates became available to participants of the standardized derivatives (SPFI) market of the Moscow Exchange, intended to become one of the key elements in the line of interest rate derivatives of the Moscow Exchange.
The SPFI market now offers the ability to enter option contracts on the key rate of the Bank of Russia and the RUONIA rate with a term of up to five years. The new instruments allow fixing the limits of interest rate fluctuations: cap options protect against rate increases, while floor options protect against decreases. The product provides companies and institutional investors with an effective tool for managing interest rate risk while maintaining flexibility in participating in favorable market dynamics. The development of specifications in close cooperation with market participants allowed the instrument to be maximally adapted to the real needs of business.
Roman Loktionov, Director of OTC Derivatives at the Moscow Exchange:
“The standardized derivatives market provides a wide range of modern tools for risk management and optimization of investment strategies, which is extremely important in conditions of increasing high volatility. Interest rate options significantly expand the capabilities of our clients in hedging floating rate risks and, in combination with other SPFI market instruments, open up additional opportunities for managing proprietary positions and servicing clients.”
Detailed information about options on interest ratesposted on the Moscow Exchange website.
Na SPFI market of the Moscow Exchange Interest rate swaps, currency swaps, currency-interest rate swaps, currency forwards with maturities ranging from three days to 10 years depending on the type of instrument are used. Transactions in the SPFI market are concluded with a central counterparty. This relieves market participants from having to individually assess the risks of each counterparty and sign master agreements with all of them, allows reducing capital costs, and enables taking advantage of the unified clearing and collateral system with other markets of the Moscow Exchange.
Please note; This information is raw content, obtained directly from the source of information. It represents an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.