New version of conditions for issue and repayment of Bank of Russia loans published

The new version of the Terms and Conditions for the Issue and Repayment of Bank of Russia Loans Backed by Securities or Credit Claims will be applied from 20 June 2022.

The document stipulates that in some cases the Bank of Russia may cancel limits on intraday and overnight loans in credit institutions’ accounts.

Furthermore, the Bank of Russia has prepared an updated form of the agreement on participation in operations for the issue and repayment of Bank of Russia loans backed by securities or credit claims, prescribing that the parties thereto should put their signatures on the last page only.

No amendments to agreements previously signed between the Bank of Russia and credit institutions are needed.

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