Bank of Russia extends time for credit institutions to submit documents

Effective from 15 April 2019, the Bank of Russia extends the time for credit institutions to submit electronic applications for Bank of Russia loans and requests for their withdrawal in compliance with the terms and conditions of issue and redemption of Bank of Russia loans backed by securities or credit claims, to 20:25¹ Moscow time.

The time extension will allow credit institutions to manage their own liquidity in the course² of the settlement period of the Bank of Russia Payment System’s regular session.

¹ Before 15 April 2019, credit institutions could submit electronic applications for Bank of Russia loans and requests for their withdrawal until 19:00 Moscow time.

² From 20:00 to 21:00 Moscow time.

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