RUSFAR indicators

Indicator Name
RUSFAR Russian Secured Funding Average Rate ON
RUSFAR1W Russian Secured Funding Average Rate 1W
RUSFAR2W Russian Secured Funding Average Rate 2W
RUSFAR1M Russian Secured Funding Average Rate 1M
RUSFAR2M Russian Secured Funding Average Rate 2M
RUSFAR3M Russian Secured Funding Average Rate 3M
RUSFARUSD Russian Secured Funding Average Rate USD

The RUSFAR (Russian Secured Funding Average Rate) indicators family is calculated based on trades and orders for REPO with Central Counter-Party (CCP), secured via General Collateral Certificates (GCC).

This collateral type is the most suitable for funding rates calculation, because it is issued specifically for REPO deals with CCP and excludes the cost of borrowing a security.

Besides, the GCC provides maximum flexibility for a borrower by allowing to instantly replace the collateral without long REPO deal interruption. 

These GCC properties have allowed to apply the uniform RUSFAR indicators calculation methodology for calculating the funding rates for 1 day, 1 week, 2 weeks, 1 month, 2 months and 3 months terms.