On FX Repos
The Bank of Russia decided to introduce a new instrument —
The aggregate maximum amount outstanding of credit institutions set earlier applies to FX repos for all terms and equals, as before, USD50 billion till the end of 2016. In case of need this amount may be raised.
The Bank of Russia also decided to set starting from 5 November 2014 the minimum interest rates on FX repos for all terms (one-week,
FX repos will be held generally every month at the MICEX Stock Exchange in the form of
Only securities included in the Bank of Russia Lombard List, excluding equities and securities issued by financial organisations, will be accepted as collateral for
The Bank of Russia intends to conduct the first
Until the end of 2014, the potential amount for US dollar repo auctions will be USD2.0 billion for one-week auctions and USD1.5 billion for
Due to the introduction of
[1] In accordance with Bank of Russia regulations setting the criteria for assessing the financial standing of credit institutions.
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