4 May 2022 12:16

CBR allows use of NSD, Interfax, Cbonds market data alongside data from foreign agencies

MOSCOW. May 4 (Interfax) - The Central Bank of Russia (CBR) has allowed lenders and non-credit financial organizations to use information from the National Settlement Depository (NSD), Interfax and Cbonds news agencies alongside data from Bloomberg and Refinitiv to comply with the regulator's regulations on the need for determining prices or values of financial instruments, precious metals and foreign currencies.

The CBR Board of Governors made use of the powers given to it by law No.46-FZ from March 8, 2022 "On Amending Certain Legislative Acts" to establish requirements for the activities of lenders and non-credit financial institutions, including values of ratios and indicators, requirements for the composition and structure of assets, the calculation procedure and amount of own funds (capital), which differ from the corresponding requirements established by federal laws and CBR regulations.

In the absence of the necessary information from the listed Russian providers of information, it is possible - based on a reasoned decision - to use information provided by other organizations as well, the Central Bank said in a statement.

Bloomberg and Refinitiv left the Russian market after the start of Russia's military operation in Ukraine.

Interfax, as part of the RUData project, has developed methodologies that allow for determination of the fair values of bonds on a daily basis and in accordance with the requirement of IFRS13, accompanying prices with an indicative scoring indicator. RUData scoring reflects the degree of liquidity, trading activity of a financial instrument, the level of hierarchy of inputs used to estimate the fair value under IFRS13.