OREANDA-NEWS. On 6 July 2015, data of the Valuation Center of the National Securities Market Association (the NSMA Valuation Center) became accessible to a wide circle of users via a network of local and global information distributors unifying the information channels of the Moscow Exchange, National Settlement Depository (NSD) and a number of news agencies – Interfax, Cbonds and Thomson Reuters.

Information about fair value of more than 1,400 financial instruments calculated on a daily basis in the NSMA Valuation Center will be accessible to the clients of news agencies in the trial mode from July till October 2015. Starting November 2015, the clients will be able to use the NSMA Valuation Center’s data on the basis of a paid subscription.

The NSMA Valuation Center clients can get a daily assessment of securities’ fair values in compliance with the generally recognized methods (based on the Basel terms). This is crucially for holders of illiquid instruments. Moreover, it makes the work of back office, accounting, reporting and risk management departments much easier.

Financial instruments’ fair values are calculated by the NSMA Valuation Center on the basis of the NSMA Methods of fair value determination. The Methods are developed with the Bank of Russia’s support; they correspond to the IFRS requirements and regulatory acts issued by Russia’s Ministry of Finance. The Methods include the calculation of price parameters on the basis of four groups of indicators (market prices, NSMA fixing prices, zero coupon yield curve and data on issuers’ credit quality).

In 2014, the NSMA Valuation Center Methods was certified by Russia’s Guild of Investment and Financial Analysts and successfully underwent an expert appraisal by the European Bond Commission.

The NSMA fair value calculation is conducted on the basis of hardware and software complex of NSD, NSMA’s strategic partner.