Romanian Central Bank to publish Govt. securities fixing rates on a daily basis

The Romanian Central Bank (BNR) will publish on a daily basis the government securities reference rates (fixing) from January 10, 2011. These indicators are calculated based on the rules regarding the calculation of government securities reference rates drawn up by ACI Romania - Financial Markets Association, reads a BNR press release. These rules aim to improve the functioning of the government securities secondary market both in terms of liquidity and transparency. The technical support for the fixing process is provided by Thomson Reuters Romania and the government securities reference rates will be published on the BNR website www.bnr.ro. The government securities reference rates (fixing) calculation is based on the participants' quotations displayed 15 minutes before 12:00 hours (Romania's time). The reference rates calculation is automatically performed by Thomson Reuters Romania as a weighted average of "bid" and "offer" quotations for each maturity. AGERPRES