Trading Schedule

11:00	16:30	Main trading session:
		The conclusion of transactions of purchase and sale in the main mode
		The conclusion and execution of negotiation deals with the Bank of Russia with settlement code Sn (n=0,1,2)
		The conclusion and execution of REPO transactions
16:30	16:45	Closing of the main trading session:
		The conclusion of negotiation deals with settlement code Т0 at average weighted price
		The conclusion of negotiation deals with the Bank of Russia with settlement code Sn (n=1,2)
		The conclusion and execution of REPO transactions
18:00	20:00	Additional trading session:
		The conclusion and execution of REPO vs Bank of Russia
		Execution of negotiation deals with the Bank of Russia with settlement code Sn (n=0,1,2)
		Auctions of REPO vs Bank of Russia:
11:00	11:30	REPO term: 1 day (daily)
15:30	16:00	REPO term: 1 day (daily)
11:00	16:45	REPO term: 7 days (on Tuesdays)
11:00	11:30	REPO term: 3 months (the 3rd Tuesday of the month)
		Clearing and settlements:
13:00	13:50	For transactions, concluded in the main trading session from 11:00 till 13:00 (settlements are effected without stopping trading)
16:45	17:50	For transactions, concluded in the main trading session from 13:00 till 16:45
20:00	20:40	For transactions, concluded in the additional trading session
		Deposit transactions at fixed interest rates (daily)
11:30	12:00	Time of orders' entry:
		"Tom/next"
		"Spot/next"
		"1 week"
		"Spot/1 week"
13:00		Time when the Bank of Russia begins to enter counter orders
		Deposit auctions (each Thursday)
11:30	12:00	Time of orders' entry:
		"4 weeks"
		"3 months"
13:00		Time when the Bank of Russia begins to enter counter orders

Trading in the GKO/OFZ market is held daily, except for days-off and public holidays. The trading schedule is determined by the Bank of Russia.