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Glossary

Market price (2)

Category — CIS Bond Market
The procedure for calculating the market price of assets and net asset value of assets used for investing pension savings approved by Ruling No. 06–155/pz-n of the FFMS dd 26 December 2006. - The procedure for calculating the market price of assets and net asset value of assets used for investing funds allocated for housing provision for military personnel approved by Ruling No. 07-29/pz-n of the FFMS dd 27 March 2007

The market price (2) is calculated in the following way:
  • the market price (2) (hereinafter the Indicator) is defined based on the results of the trading day;
  • transactions carried out in main trading modes and the Odd Lot trading mode are included in the calculation;
  • in case there are 10 or more transactions with the security during the trading day the Indicator is calculated as a weighted average price of transactions concluded during the trading day;
  • in case there are fewer than 10 transactions with the security during the trading day (including no transactions) the Indicator is calculated as a weighted average price of transactions concluded during the last two trading days if there were no fewer than 10 transactions;
  • in case there are fewer than 10 transactions with the security during the last two trading days (including no transactions) the Indicator is calculated as a weighted average price of transactions concluded during the last three trading days if there were no fewer than 10 transactions;
  • in case there are fewer than 10 transactions with the security during the last three trading days (including no transactions) the Indicator is calculated as a weighted average price of transactions concluded during the last five trading days if there were no fewer than 10 transactions;
  • in case there are fewer than 10 transactions with the security during the last five trading days (including no transactions) the Indicator is calculated as a weighted average price of transactions concluded during the last 10 trading days if there were no fewer than 10 transactions;
  • when calculating the Indicator the total amount of transactions with the security must not be below RUB 500,000.
Therefore, the market price (2) IS NOT CALCULATED in the following cases:
  • 10 or more transactions were concluded during the defined period (1, 2, 3, 5 or 10 trading days) totalling less than RUB 500,000;
  • there were fewer than 10 transactions during the last 10 trading days.
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