On credit auctions for the provision of loans secured by non-marketable assets at a floating interest rate

On 9 June 2014 and 14 July 2014 the Bank of Russia will conduct auctions for the provision of 3-month loans secured by non-marketable assets at a floating interest rate in compliance with auction operations schedule for 2014.

In addition the Bank of Russia took decision to conduct on 28 July 2014 an auction for the provision of 12-month loans secured by non-marketable assets at a floating interest rate. Credit institutions’ guarantees will not be accepted as collateral in this type of operations.

The Bank of Russia set the following maximum allotment amounts at the auctions:

Other auction parameters are available in the press releases “On the parameters of the auctions for the provision of 3-month loans secured by non-marketable assets at a floating interest rate” and “On the parameters of the auctions for the provision of loans secured by non-marketable assets at a floating interest rate for the third and fourth quarters of 2014”.

The auctions are conducted according to Regulation No. 312-P, dated 12 November 2007, “On the Provision of Loans Secured by Non-marketable Assets and Guarantees by the Bank of Russia to Credit Institutions”.

The reference to the Press Service is mandatory if you intend to use this material.

29.05.2014 00.00.00