ORDER RULES

 

On the market, transactions are executed according to the  multiple price - continuous auction method. Accordingly, repo orders are matched with the same- or lower-rate reverse repo orders, whereas reverse repo orders are matched with the same- or higher-rate repo orders.

Orders conveyed to the market are processed according to rate and time priority. Thus the repo orders with higher rates have priority over other repo orders while reverse repo orders with lower rates have priority over other reverse repo orders. If the orders have the same rate, then the time priority is applied. When the rates of the mathched orders are not equal, the rate of the passive order is accepted as the trading rate.

Order Change
Unmatched orders and unmatched parts of the partly executed orders can be changed.
While the rate change, increase in the repo amount and change of the name of the account holder lead to the loss of time priority, reduction of the repo amount or changing the reference does not lead to the loss of that priority.

Order Cancellation
Unmatched orders and unmatched parts of the partly executed orders can be cancelled.

Order Rate Tick
The rate tick applicable to the orders is 0.01%.

HIGHLIGHTS

QUICKLINKS