Launch of direct electronic document exchange in Bank of Russia deposit operations

Starting from 13 November 2017, the Bank of Russia launches a direct electronic document exchange¹ in deposit operations with credit institutions. This move is aimed at technological advancement in Bank of Russia deposit operations and user-friendliness of this instrument for credit institutions.

The direct electronic document exchange will supplement the effective means of document exchange.

The Bank of Russia will accept credit institutions’ applications for deposit placement at fixed interest rates under the direct electronic document exchange on business days:

Monday to Thursday — 11:00 till 17:00 (Moscow time);

Friday and days before public holidays — 11:00 till 16:00 (Moscow time).

The Bank of Russia will accept credit institutions’ applications for its deposit auctions under the direct electronic document exchange on business days:

for auction-based Bank of Russia fine-tuning deposit operations for 1 to 6 days — 10:00 till 12:00 (Moscow time) the day the deposit auction is held;

for Bank of Russia one-week deposit auctions — 11:00 till 12:00 (Moscow time) the day the deposit auction is held.

For details of Bank of Russia deposit operations refer to the Monetary Policy section of the Bank of Russia website.

¹ This type of document exchange is provided for by Bank of Russia Order No. OD-18, dated 15 January 2014, ‘On Organising Bank of Russia Deposit Operations with Credit Institutions’.

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