There are delivery and settlement futures. Supply futures refer to the real economy. If you are the holder of such a futures contract on the expiration date, you must perform a real action, i.e. deliver the goods.
According to settlement futures on the expiration date, calculations are made, there is no delivery date, just a profit is credited to the account or the money that has been counted from the moment of purchase is returned.
On the Moscow Stock Exchange, most futures are settlement, with the exception of futures for stocks and bonds, they are used for the actual delivery of instruments to the balance sheet. I.e. if you have reached with the purchased futures for Gazprom shares, let’s say for 100 shares before the expiration date, you will have to buy 100 Gazprom shares to your account for your money. At the same time, you should have enough money in your account to buy such a number of shares, i.e. there should be more money than just to pay for the guarantee. This should be taken into account when working with futures.
Table 3. Futures execution dates.
| Futures | Last day of trading | Day of execution | Execution method | Execution in clearing |
| Russian stock futures | Third | Trading Day, | Delivery (automatic conclusion of a T+2 transaction on the Stock Market) | Evening clearing |
| Futures on shares of foreign issuers | Thursday | next | ||
| Futures on depositary receipts (GDR, ADR) | month of execution | to the third Thursday | ||
| Futures on Russian indices (RTS and Mosbirzhi, RTS mini and Mosbirzhi mini) | Third Thursday | Calculations (transfer of variation margin by execution price) | Evening clearing | |
| Фьючерсы на Отраслевые Индексы | month of execution | |||
| Futures on the exchange rate of foreign currency to the US dollar, on the exchange rate of the US dollar to a foreign currency, on the euro to a foreign currency | ||||
| Precious metals futures | ||||
| Copper Futures | ||||
| Futures on the exchange rate of foreign currency to the ruble | Daily clearing | |||
| Third Friday of the month of execution | Calculations (transfer of variation margin by execution price) | |||
| Futures for Investment units SPDR S&P 500 ETF Trust | Daily clearing | |||
| Supply futures for precious metals | The day preceding the third Thursday | The first trading day following the last day of the Contract conclusion | Delivery (automatic conclusion of a T+1 transaction on the Foreign Exchange market and the precious metals market) | Evening clearing |
| month of execution | ||||
| Brent Futures | The execution Date (Final Settlement Date) of the corresponding Brent Crude Futures contract, published on the ICE Futures Europe exchange website at http://www.theice.com http://moex.com/ru/derivatives/commodity/oil/ | Calculations (transfer of variation margin by execution price) | Evening clearing | |
| Raw sugar Futures | The date of the last day of the conclusion (Last Trade Date) of the corresponding Sugar futures contract No. 11 Futures, published on the ICE Futures U.S. website. http://www.theice.com http://moex.com/ru/derivatives/commodity/rawsugar/ | The first trading day of the month | Calculations (transfer of variation margin by execution price) | Daily clearing |
| Light Sweet Crude Oil Futures | The date of the day of execution (Settlement Date) of the Light Sweet Crude Oil Futures futures, published on the website http://www.cmegroup.com | Calculations (transfer of variation margin by execution price) | Daily clearing | |
| https://www.moex.com/ru/derivatives/commodity/oil/ | ||||
| Futures for non-ferrous and industrial metals | Tuesday preceding the 3rd (third) Wednesday of the month and year of execution of the Contract | Calculations (transfer of variation margin by execution price) | Daily clearing | |
| https://www.moex.com/a4437 | ||||
| Futures on the volatility of the Russian market | The last day of the conclusion of the short-range option, | Calculations (transfer of variation margin by execution price) | Evening clearing | |
| used in the month and year of execution of the contract | ||||
| Natural gas futures | The date of the day of execution (Settlement Date) of the corresponding Henry Hub Natural Gas Futures, published on the website www.cmegroup.com . | Calculations (transfer of variation margin by execution price) | Daily clearing | |
| Futures on the RUSFAR money market rate | The last Trading day of the execution month | Calculations (transfer of variation margin by execution price) | Evening clearing | |
| Futures on the money market rate RUSFARUSD | ||||
| RUONIA Futures | ||||
| Futures on the Moscow real estate index DomClick | 3 Working day of the week after the third Sunday of the month and year of execution | Calculations (transfer of variation margin by execution price) | Evening clearing | |
| RGBI Index Futures | 1 working day of March, June, September and December of the year of execution | Calculations (transfer of variation margin by execution price) | Daily clearing |
Table 4. Futures quotation
Futures Codes
| C | M | Y | |
C is the code of the underlying asset, 2 characters,
M is the month of execution (as well as the type for the option), 1 character,
Y is year of execution, 1 character.
For futures:
| Month | Futures Code |
| January | F |
| February | G |
| March | H |
| April | J |
| May | K |
| June | M |
| July | N |
| August | Q |
| September | U |
| October | V |
| November | X |
| December | Z |
For example, GAZR-6.22 is a Gazprom stock futures that expires in June 2022 on the expiration date.