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and solvency requirements with respect to creating insurance reserves, procedure and conditions to invest equity and insurance reserve funds. The decision becomes effective the day

pension reserves and fulfilling obligations on such transactions; transferring pension reserves and pension savings to trust management of management companies; debiting the pension reserve or

property comprising, under trust management agreements with all non-governmental pensions funds, pension reserves and pension savings, and to pay compensations and (or) fulfill obligations under

the rules of trust management of the following unit investment funds: Alfa-Capital Reserve Fund, open-end bond unit investment fund managed by Management Company Alfa-Capital, limited

sustainability and solvency with respect to insurance reserves, procedure and conditions of investing own funds and insurance reserves. The decision becomes effective from the day

2. RESERVES MANAGEMENT1 The Bank of Russia’s reserves comprise foreign cur- ted risk management framework based on using rency reserve assets2 and gold reserves.

use to estimate the equilibrium exchange rate, on the dynamics of international reserves and on foreign currency liquidity. Also, the meeting participants discussed perspectives for

carry out securities management due to a change of name and location; Reserve Regional Company, limited liability company (the city of Moscow), to carry out

10.2009 2.50 Required reserve ratio Required reserve ratio Required reserve ratio Required reserve ratio Required reserve ratio Required reserve ratio on legal entities