OGR has developed a methodology for pricing financial instruments and developing yield curves in emerging market and frontier currencies with shallow markets. The methodology combines data from primary and secondary markets with macroeconomic forecasts and liquidity premium models. OGR operates such forecasting and pricing systems for several emerging and developing economies. These curves have been used for pricing local currency products and building loan portfolios on tenors, which would not otherwise have been possible in underdeveloped or shallow financial markets.
