National_Foreign_Exchange_Association

National Foreign Exchange Association

National Foreign Exchange Association

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The National Foreign Exchange Association is a non-commercial association of commercial banks, currency exchanges, brokerage firms, and others dedicated to the development and improvement of a high standard foreign exchange market and money market in Russia. Founded in Moscow in 1999, the association had 74 members as of 2005.[1] Among other activities, the National Foreign Exchange Association coordinates with the Bank of Russia in daily setting the Russian Overnight Index Average (Ruonia), which operates similarly to the European Eonia.[2][3]

In 2010, members of the National Monetary Association were 69 financial organizations,[4] including

References

  1. [1]
    Official website of National Foreign Exchange Association (NFEA)
  2. [2]
    O'Brien, Emma; Denis Maternovsky (9 September 2010). "Bank Rossii Spurs Swap Trades as Ruonia Lures Deutsche Bank: Russia Credit". Bloomberg. Retrieved 19 September 2010.
  3. [3]
    "RUONIA - Ruble OverNight Index Average". Archived from the original on 23 November 2011. Retrieved 29 September 2010.
  4. [4]
    "Список членов Национальной валютной ассоциации" (in Russian). Официальный сайт Национальной валютной ассоциации. Archived from the original on 2012-05-09. Retrieved 2010-08-31.
  5. [5]
    "Список членов Национальной валютной ассоциации" (in Russian). National Foreign Exchange Association. Archived from the original on 2012-05-09. Retrieved 2010-08-31.


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