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Bank of Russia scaling factors*
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| Types of securities | Scaling factor | |
| Bank of Russia bonds | 1 | |
| Russian Federation government bonds placed in domestic financial market | ||
| International financial organisations bonds | 0.98 | |
| Russian Federation government bonds placed in international financial market | 0.95 | |
| Mortgage agencies’ bonds guaranteed by Russian Federation | 0.9 | |
| Regional and municipal government bonds | if an issuer (issue) has a credit rating at level BB ("Fitch Ratings " and "Standard&Poors") or Ba2 ("Moody's Investors Service ") and higher | 0.9 |
| if an issuer (issue) has a credit rating at level BB- ("Fitch Ratings" and "Standard&Poors") or Ba3 ("Moody's Investors Service") | 0.8 | |
| if an issuer (issue) has a credit rating at level B+ ("Fitch Ratings" and "Standard&Poors") or B1 ("Moody's Investors Service") | 0.75 | |
| if an issuer (issue) has a credit rating at level B or B- ("Fitch Ratings" and "Standard&Poors"), B2 or B3 ("Moody's Investors Service") | 0.7 | |
| Bonds of legal entities – residents of Russian Federation | if an issuer (issue) has a credit rating at level BB ("Fitch Ratings " and "Standard&Poors") or Ba2 ("Moody's Investors Service ") and higher | 0.88 |
| if an issuer (issue) has a credit rating at level BB- ("Fitch Ratings" and "Standard&Poors") or Ba3 ("Moody's Investors Service") | 0.8 | |
| if an issuer (issue) has a credit rating at level B+ ("Fitch Ratings" and "Standard&Poors") or B1 ("Moody's Investors Service") | 0.75 | |
| if an issuer (issue) has a credit rating at level B or B- ("Fitch Ratings" and "Standard&Poors"), B2 or B3 ("Moody's Investors Service") | 0.7 | |
| if an issuer (issue) hasn’t the appropriate credit rating but if it has the state guarantee of the Russian Federation | 0.75 | |
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* According to the special Bank of Russia decisions scaling factors may differ from the values shown in the table. Information about scaling factors of each issue included in the Bank of Russia Lombard list is shown in Information about securities eligible as collateral for the Bank of Russia loans. |
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Updated July 11, 2012. |