The National Settlement Depository (NSD), a central securities depository, announced the launch of a new service this Friday. RU Data Price, which was launched with the Interfax Group, enables users to assess bond value and risks.
The new service allows institutional investors to analyze market risks and generate regulatory reports based on data from the NSD’s Valuation Center and Thomson Reuters. It has been added to the NSD’s already extensive database, the RU Data platform.
This platform enables institutional investors to have a comprehensive overview of the financial markets. The database lists 40,000 financial instruments and 20,000 organizations such as issuers and financial intermediaries.
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Meeting the regulator’s standards
Significantly, RU Data Price allows users to meet Russian regulatory standards pertaining to liquidity and market risk. It does this by giving liquidity ratings to bonds in the market, allowing banks to automatically adjust the level of risk-weighted assets they hold.
In a similar vein, the new service enables users to better assess the prices of financial instruments. This means institutions can better meet the ‘fair value measurement’ provisions set out by IFRS13.
RU Data Price gathers its data from both Thomson Reuters and Interfax. Thomson Reuters supplies data pertaining to financial instruments while Interfax, with authorization from the Bank of Russia, can provide information on issuers.
Commenting on the release of the new product, Alexander Diakovskiy, NSD’s Managing Director for Information Assets, said: “The RU Data Price product is a principally new approach to handle large amounts of data used for official assessments carried out by NSD. It creates a transparent reference system for daily operations of different divisions of modern financial institutions.”