08/27/1998 06:22:22 Russia MICEX takes only rbls as futures guarantees
MOSCOW, Aug 27 (Reuters) - Russia's MICEX exchange has
changed its rules on guarantees on about $1 billion of futures
contracts and will only accept roubles as guarantees in the
future, it said on Thursday.
MICEX (Moscow Interbank Currency Exchange) will no longer
accept GKO t-bills, which have been frozen by government order,
and all market participants offering futures will be asked to
register rouble deposits with the exchange by September 1, a
spokesman said, explaining a statement issued on Thursday.