Rules of document interchange between the Bank of Russia and credit institutions when conducting deposit operations

Document interchange method Timeframe for submitting bids by credit institutions* Timeframe for submitting counterbids by the Bank of Russia*
1. Deposit auctions
1.1. Direct interchange On the previous day and till 11:30 Moscow time on the auction day From 13:00 Moscow time on the auction day till 10:00 local time on the business day following the auction day
1.2. Via the Reuters Dealing System
(Moscow time)
From 10:00 to 12:00
on the auction day – bids to participate in the Bank of Russia deposit auction.
from 13:00 to 15:00
on the action day – bids to place deposits with the Bank of Russia according to deposit auction results
From 13:00 to 15:00
on the deposit auction day
1.3. Via the MEX ETS
(Moscow time)
From 11:30 to 12:00
on the auction day
From 13:00 to 13:40
on the auction day
2. Fixed-rate deposit operations
2.1. Direct interchange Timeframe is set in the Bank of Russia’s information on the conditions of fixed-rate deposit operations.
2.2. Via the Reuters Dealing System
(Moscow time)
Standard conditions (except overnight):
on days coinciding with the deposit auction day:
from 13:00 to 15:00;
on other days:
from 11:00 to 15:00.
Standard overnight condition:
on days coinciding with the deposit auction day:
from 13:00 to 17:00;
on other days (except Friday);
from 11:00 to 17:00;
on Friday and on pre-holiday days:
from 11:00 to 16:00
2.3. Via the MOE ETS
(Moscow time)
Monday through Thursday:
from 11:00 to 12:00
from 15:00 to 17:00
from 12:15 to 12:55
from 17:05 to 17:45
on Friday:
from 11:00 to 12:00
from 15:00 to 16:00
from 12:15 to 12:55
from 16:05 to 16:45
on pre-holiday days, on the last working day of a month:
from 11:00 to 12:00
from 14:00 to 15:00
from 12:15 to 12:55
from 15:05 to 15:45
3. Coordination of deposit return conditions
3.1. Direct interchange Timeframe is set in the Bank of Russia’s information on the conditions of fixed-rate deposit operations.
3.2. Via the Reuters Dealing System
(Moscow time)
On days coinciding with the deposit auction day:
from 13:00 to 15:00;
Onotherdays: 
from 11:00 to 15:00
3.2. Via the MOEX ETS
(Moscow time)
Monday through Thursday:
from 11:00 to 12:00
from 15:00 to 17:00
from 12:15 to 12:55
from 17:05 to 17:45
on Friday:
from 11:00 to 12:00
from 15:00 to 16:00
from 12:15 to 12:55
from 16:05 to 16:45
on pre-holiday days, on the last working day of a month:
from 11:00 to 12:00
from 14:00 to 15:00
from 12:15 to 12:55
from 15:05 to 15:45

* The Bank of Russia has the right to change the time frame set by the Rules of Document Interchange. Credit institutions are notified about such changes according to the procedure set forth by Clause 3.1 of the Rules.

Updated on 21 February 2014.

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