OREANDA-NEWS. National Settlement Depository (NSD), Russia’s central securities depository, and the National Securities Market Association (Self-Regulated Non-Commercial Organization) (NSMA) have concluded a cooperation agreement establishing key directions of development and operations of the NSMA Price Center to inform market participants about fair market prices, including prices for assets with low market liquidity.

According to the signed document, NSMA will consult the market participants on use of the NSMA’s methods of financial instruments’ evaluation, will upgrade the methods and develop the new ones for the NSMA Price Center, and contribute to the joint project, including:

upgrading and getting approval of existing evaluation methods in compliance with the market demand and regulatory requirements;

interacting with regulators in respect of the NSMA Price Center’s operations;

monitoring demand for price related information and promoting the Center’s services;

coordinating NSMA Price Council’s day-to-day activities.

NSD, which currently develops the software for automating the calculations of fair market prices, is also responsible for calculating and supplying the prices to market participants (banks, financial organizations and investment funds) on daily basis, using the agreed format and regime.