National Foreign Exchange Association

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

Commercial banks:
- ABN AMRO
- Alfa-Bank
- Bank of Moscow
- Gazprombank
- ING-Eurasia and others
- JPMorgan Chase
- Raiffeisen Zentralbank
- Sberbank of Russia
- VEB.RF
- VTB Bank
Currency exchanges, including MICEX
Brokerage firms, bank associations and other organizations.^[5]

References

^ Official website of National Foreign Exchange Association (NFEA)
^ 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.
^ "RUONIA - Ruble OverNight Index Average". Archived from the original on 23 November 2011. Retrieved 29 September 2010.
^ "Список членов Национальной валютной ассоциации" (in Russian). Официальный сайт Национальной валютной ассоциации. Archived from the original on 2012-05-09. Retrieved 2010-08-31.
^ "Список членов Национальной валютной ассоциации" (in Russian). National Foreign Exchange Association. Archived from the original on 2012-05-09. Retrieved 2010-08-31.