Changes in regulations on Bank of Russia lending facilities
The Bank of Russia approved Ordinance No.
In contrast to Regulations Nos.
This procedure for Bank of Russia loan issuance and repayment will be covered in Conditions for the Issuance and Repayment of Bank of Russia Loans Covered by Securities or Credit Claims (the Conditions) which will make an integral part of a new loan agreement between the Bank of Russia and a credit institution (the Agreement). The Conditions and the Agreement template will be posted on the Bank of Russia website in August 2018.
The Agreement will allow the Bank of Russia to revise the Conditions promptly and flexibly to satisfy the needs of market participants and adjust to technological developments.
After the Ordinance takes effect, credit institutions shall enter into the Agreement with the Bank of Russia to be able to receive loans under the standard refinancing instruments. The Bank of Russia will provide enough time for credit institutions to conclude new Agreements. Credit institutions will be additionally informed of the beginning of Agreement signing.
All loans credit institutions received under Regulations Nos.
1 Bank of Russia Ordinance No.
2 Bank of Russia Regulation No.
3 Bank of Russia Regulation No.
The reference to the Press Service is mandatory if you intend to use this material.