Calculation of interbank lending rates MIACR, MIACR-IG, MIACR-B and interbank lending turnovers

Weighted Average Actual Rates on Credits (MIACR, MIACR-IG, MIACR-B) are calculated on the basis of the daily reporting form 0409701 “The foreign exchange and money markets transactions report” in compliance with the Bank of Russia Ordinance No. 4212 U, dated November 24, 2016, “On the List, Forms and Procedure for Compiling and Presenting Credit Institutions Reporting Forms to the Central Bank of the Russian Federation” presented by the panel banks in the Moscow region.
MIACR, MIACR-IG, MIACR-B are weighted averages of the interest rates applied to the actual interbank lending transactions conducted by Moscow banks with breakdown by maturity. MIACR include rates in lending transactions with resident and non-resident banks. MIACR-IG include rates in lending transactions with Russian banks with credit ratings from Baa3 on Moody's scale or BBB- on Fitch and Standard & Poor's scales and higher, MIACR-B – with credit ratings from B3 to B1 on Moody's scale or from B- to B+ on Fitch and Standard & Poor's scales.
Transactions with maximal rates (10% of overall volume of transactions) and transactions with minimal rates (10% of overall volume of transactions) are excluded from calculation.
Since January 2015 transactions with volume 10 times above the maximum total daily volume of the bank's similar transactions (with regard to maturity and currency) for the latest six months are excluded from calculation of interbank lending rates MIACR, MIACR-IG, MIACR-B. Furthermore, rates and corresponding turnover volumes are not published in case of calculation on the basis of less than three transactions.
Since August 2015 bank's transactions with one counterparty at the same rate (with regard to maturity and currency) are considered as one transaction for calculation of interbank lending rates MIACR, MIACR-IG, MIACR-B.
Since February 2016 transactions between banks involved in measures aimed at preventing bank bankruptcy and corresponding investor banks are excluded from calculation of interbank lending rates MIACR, MIACR-IG, MIACR-B.

List of borrowing banks with high credit rating for MIACR-IG 24.01.2018

List of borrowing banks with speculative credit rating for MIACR-B 24.01.2018

× Закрыть