ANCHOR is a novel assimilative model developed at the U.S. Naval Research Laboratory. It extracts ionospheric parameters from RO and ionosonde data and assimilates them as point measurements into the maps of the background parameters using Kalman Filter approach. This paper introduces the ANCHOR algorithm, discusses its coordinate system and background, explains the background covariance formation, discusses the extraction of the ionospheric parameters from the data and the assimilation process, and, finally, shows the results of the observing system simulation experiment.