Moscow Exchange starts calculating price indicators for yuan liquidity for one week

MOSCOW. Nov 30 (Interfax) - The Moscow Exchange will start calculating indicators for the cost of raising and placing liquidity in Chinese yuan for repo transactions with the central counterparty for terms of one week on December 4, the exchange said in a press release.

The RUSFAR CNY and RUSFAR CNY real time indicators will be calculated based on the most liquid and efficient segment of the Russian money market - repo transactions with clearing participation certificates.

The main indicator, RUSFAR CNY one week, will be calculated once a day at 12:30 p.m. Moscow time based on repo transactions with trading volume of at least CNY1 billion. If volume is less than CNY1 billion, the indicator will be calculated based on bids and transactions.

The RUSFAR CNY one week real time indicator will be calculated every 15 minutes in the period from 10:00 a.m. to 12:30 p.m. Moscow time based on completed transactions and placed bids.

The Moscow Exchange currently calculates RUSFAR CNY and RUSFAR CNY real time indicators with terms of one day.

The Russian Secured Funding Average Rate, or RUSFAR for the yuan on the Russian market has been calculated since September 2022 based on repo transactions with clearing participation certificates. It is recognized by the Central Bank of Russia as meeting requirements for financial indicators. More than 200 trading participants connected to the repo with clearing participation certificates system generate the market rates in anonymous public bids with standard terms of one day to three months.