On the parameters of the auctions for the provision of 3-month loans secured by non-marketable assets at a floating interest rate
In the second quarter of 2014 the Bank of Russia will conduct auctions for the provision of 3-month loans secured by non-marketable assets at a floating interest rate, according to Regulation No. 312-P, dated 12 November 2007, “On the Provision of Loans Secured by Non-marketable Assets and Guarantees by the Bank of Russia to Credit Institutions”, in compliance with auction operations schedule for 2014. The auctions will be held with the following parameters.
Date | Settlement Date | Maturity Date |
14.04.2014 | 16.04.2014 | 16.07.2014 |
12.05.2014 | 14.05.2014 | 13.08.2014 |
09.06.2014 | 11.06.2014 | 10.09.2014 |
Auction type: Dutch auction.
Minimum interest rate: the Bank of Russia key rate effective on the date of the credit auction increased by 0.25 percentage points.
Minimum bid: 25 million roubles.
Maximum number of bids from a credit institution: 3 for every correspondent (credited) account with the Bank of Russia.
Only competitive bids are accepted.
Auction timing:
Tender offer | till 12.00 local time |
Auction time | till 17.00 Moscow time |
Maximum allotment at the auction held on 14 April 2014: 700 billion roubles.
Information on the maximum allotment at the auction held on 12 May 2014 and 9 June 2014 will be released in due course.
При использовании материала ссылка на Пресс-службу Банка России обязательна.