Russian Rate Derivative Mart Tipped For Growth

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Russian Rate Derivative Mart Tipped For Growth

Russia’s central bank, Bank Rossii announced this week that it will calculate the Ruble Overnight Index Average, or Ruonia, based on the rates that 31 lenders including OAO Sberbank and units of Citigroup, Deutsche Bank and BNP Paribas charge each other for unsecured ruble debt.

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