Regulatory Alerts2023-01-01 | JPRF-V-2023-065Resolution No. JPRF-V-2023-065: Update to the Operational Manual for Market Price Valuation of Credit Content Securities and Participation and Application Procedures
The Financial Policy and Regulation Board of Ecuador issued Resolution No. JPRF-V-2023-065 to update the Operational Manual for Market Price Valuation of Credit Content Securities, replacing the previous methodology with the Nelson-Siegel-Svensson model to improve accuracy. The resolution mandates that the Quito and Guayaquil Stock Exchanges act as administrators of the valuation system, applying specific filters and calculation procedures to derive market prices for credit securities. This regulatory change aims to harmonize valuation standards, ensure transparency, and provide reliable data for accounting and risk assessment purposes within the Ecuadorian financial market.
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