On the auctions for the provision of 3-month loans secured with non-marketable assets at a floating interest rate

On 10 February and 6 March 2014 the Bank of Russia will conduct auctions for the provision of 3-month loans secured with non-marketable assets at a floating interest rate, according to Regulation No. 312-P, dated 12 November 2007, “On the Provision of Loans Secured with Non-marketable Assets and Guarantees by the Bank of Russia to Credit Institutions”, in compliance with auction operations schedule for 2014. The auctions will be held with the following parameters.

Auction type: Dutch auction.

Maximum allotment at the auction held on 10 February 2014: 200 billion roubles.

Information on the maximum allotment at the auction held on 6 March 2014 will be released in due course.

Minimum interest rate: the Bank of Russia key rate effective on the date of the credit auction increased by 0.25 percentage points.

Minimum bid: 25 million roubles.

Maximum number of bids from a credit institution: 3 for every correspondent (credited) account with the Bank of Russia.

Only competitive bids are accepted.

Auction timing:

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