Fixed Income and Money Market Derivatives Association( FIMMDA) has, however, taken steps to create a yield curve by taking available trade data from different points and applying the Cubic Spline interpolation model for smoothening the yield curve.
If new proposals come forward that are consistent with our goals of a safe and resilient settlement system, then they will receive fair consideration. 1  Report to the Federal Reserve Board by the Working Group on NewBank Implementation (PDF), December 2005.