Expert Council of NSD’s Valuation Center Approves Methodology for Assessing Ministry of Finance’s Eurobonds

23 November 2018
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On 21 November 2018, the Expert Council of the Valuation Center of National Settlement Depository (NSD), Russia’s central securities depository, approved the Methodology for assessing the fair value of Russian Federation bonds placed by Russia’s Ministry of Finance on the international capital market. The Methodology is based on IFRS 13 principles; it uses data from the Russian and foreign OTC markets, as well as quotations, and the price behavior of issues of instruments with different maturities and interest rates to calculate fair values.

NSD’s Valuation Center plans to begin publishing the results of the calculation of Eurobond prices based on the new Methodology in December 2018. The new product of NSD’s Valuation Center will be available to market participants for open testing in Q1 2019. Data will be updated on nsddata.ru website. Users will be able to download them automatically via API.

Now NSD’s Valuation Center is the only source of fair values which is officially accredited by the Bank of Russia. Currently, NSD’s Valuation Center calculates values of approximately 800 exchange-traded ruble bonds and mortgage bonds on a daily basis. It also issues data on more than 1,500 financial instruments based on the previous calculation methodology for reference.

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