MOSCOW, October 6 (RIA Novosti) - Futures contracts for Sberbank common stock will be traded on the RTS stock exchange starting October 10, with settlement dates from December 2005 to March 2006, the RTS press service said Thursday.
The futures will be equal to one common share in Sberbank, with a minimum settlement price of 20% of the futures' contract price. The fee for registering a deal will be one ruble per contract and 50 kopeks to register deals in which positions are opened and closed within a single trading session.
"With the release of Sberbank stock on FORTS [the RTS futures and options market], a full range of blue-chip derivatives is now available on the Russian stock market and market players will have at hand one more instrument to carry out arbitrage operations," RTS Vice-president Roman Goryunov said.
