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ARB, NAUFOR and NSMA to Set Up Derivatives Board

14.07.2015 12:00 / TASS

Russian Banks Association (ARB), National Securities Market Participants Association (NAUFOR) and National Securities Market Association (NSMA) signed an agreement to establish a Derivatives Board, NAUFOR announced on Tuesday.

The Board will draft the derivatives market development strategy, assist the development and implementation of standard derivatives trading documents, promote legal regulation of the derivatives market, create a common legal practice for settlement of disputes and improve derivatives market operations efficiency.

Representatives of the Bank of Russia and International Swaps and Derivatives Association (ISDA) are expected to join the Board.

The board will coordinate the efforts of board founders and represent the Russian derivatives market in liaison with international financial institutions.

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