Press Service

The Central Bank of the Russian Federation (Bank of Russia)

Press Service

12 Neglinnaya Street, Moscow, 107016 Russia;
www.cbr.ru

Information Notice

On holding 28-day and one-week repo auctions in US dollars

In compliance with its decision of 16 October 2014 (information notice ‘On FX Repos’) the Bank of Russia will hold 28-day and one-week repo auctions in US dollars on 29 and 30 October 2014 respectively.

Information on minimum interest rates on repos in US dollars will be placed on the Bank of Russia’s website on days of auctions.

Date of auction Settlement date Maturity date Maximum allotment
29.10.14 31.10.14 28.11.2014 USD 1.5 billion
30.10.14 05.11.14 12.11.2014 USD 2 billion

Minimum amount of one bid: unlimited.

Maximum number of bids of one credit institution: unlimited.

Competitive bids only are accepted for the auction.

Partial satisfaction of bids in proportion to the volume of bids at the cut-off rate is envisaged.

Early maturity: not envisaged.

Bids are accepted from 3.00 to 3.30 p.m. Moscow time.

Introduction of the cut-off rate: at 4.00 p.m., Moscow time.

27 October 2014

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