On holding 28-day and one-week repo auctions in US dollars
In compliance with its decision of 16 October 2014 (information notice ‘On FX Repos’) the Bank of Russia will hold
Information on minimum interest rates on repos in US dollars will be placed on the Bank of Russia’s website on days of auctions.
| Date of auction | Settlement date | Maturity date | Maximum allotment |
| 29.10.14 | 31.10.14 | 28.11.2014 | USD 1.5 billion |
| 30.10.14 | 05.11.14 | 12.11.2014 | USD 2 billion |
Minimum amount of one bid: unlimited.
Maximum number of bids of one credit institution: unlimited.
Competitive bids only are accepted for the auction.
Partial satisfaction of bids in proportion to the volume of bids at the cut-off rate is envisaged.
Early maturity: not envisaged.
Bids are accepted from 3.00 to 3.30 p.m. Moscow time.
Introduction of the cut-off rate: at 4.00 p.m., Moscow time.
The reference to the Press Service is mandatory if you intend to use this material.