Mondial Change allows you to hedge your foreign exchange risk on the Russian Ruble (RUB). Currently, foreign exchange risk hedging on the Russian Ruble can only be done through NDF (non-deliverable forwards) contracts. The NDF is a hedging instrument used to cover your foreign exchange risk on partially or non-convertible currencies. At the contract expiration date, the rate at which the contract was concluded is compared with the fixing rate. The latter is official and published daily by the Central Bank of the concerned country. The NDF price represents the probability of a revaluation (or devaluation) of the currency. Therefore, the NDF price will not be linked to the interest rate differential between the two currencies involved. The NDF thus allows you to hedge your foreign exchange risk without any cash flow being transferred in the non-convertible currency. You can schedule a meeting with our trading room. A market expert advisor will assist you in setting up your foreign exchange hedges on the Russian Ruble (RUB).
To obtain accurate quotes on your hedges in Russian Ruble (RUB), we invite you to contact our trading room.
Are there minimum or maximum amounts to set up hedges in Russian Ruble (RUB)?
The maximum amount of hedges in Russian Ruble (RUB) that you can validate primarily depends on the size of the forward exchange line granted to you. The line conditions granted depend on the review of your financial statements. Regarding minimum sizes, we generally do not take hedges for amounts below 10,000 EUR (or equivalent in other currencies).
What is the maximum possible maturity for hedges in Russian Ruble (RUB)?
What are the setup fees for hedging against foreign exchange risk in Russian Ruble (RUB)?
All fees related to setting up hedges in Russian Ruble (RUB) are included in the exchange rate communicated to you before validating your operation. The hedge is taken by phone with a trading room operator. No fees are applied to the use of your hedges.
Is a security deposit required to take a hedge in Russian Ruble (RUB)?
Again, this depends on the conditions of your forward exchange line. Thanks to its network of partners, Mondial Change generally manages to obtain forward exchange lines without an initial security deposit. Depending on your line conditions, margin calls may be triggered on your hedging contracts in Russian Ruble (RUB) if the EUR/RUB rate (or any other pair on which you have validated a hedge) deteriorates beyond the variation margin or beyond your OTM. In such a case, you must deposit funds as collateral to keep your contracts in Russian Ruble (RUB) open. Based on the review of your financial statements, lines without margin calls may sometimes be granted.
Are there forward points or backward points on forward contracts in Russian Ruble (RUB)?
It all depends on whether you are a buyer or seller of Russian Ruble (RUB) and against which currency you are trading the Russian Ruble. For example, against the euro: If you are a buyer of Russian Ruble (RUB) against the EUR, then there are report points because the interest rate of the Russian Ruble (RUB) is supérieur to that of the EUR. Conversely, if you are a seller of Russian Ruble (RUB) against the EUR, then there are déport points.
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