Unsecured Loans from the Bank of Russia
The Bank of Russia conducts no-collateral credit transactions in the currency of the Russian Federation for a term of less than six months to Russian lending organizations in accordance with Provision No. 323 – П, dd. October, 16 2008.
Loan auctions are held by the Bank of Russia in the form of competing interest-rate proposals from credit organizations.
Loan auctions are held using the MICEX Trading System in accordance with the
Rules for Holding Loan Auctions for Providing Bank of Russia Unsecured Loans to Credit Organizations Using the ZAO MICEX Electronic Trading System
PDF, 3.51 MB
To become entitled to use the MICEX Trading System for making loan trades with the Bank of Russia, a credit organization that is a resident of the Russian Federation must perform the following actions:
With the Bank of Russia:
- Execute the General Agreement for Providing Bank of Russia Unsecured Loans to a Credit Organization;
With the MICEX Settlement House:
- Execute the Bank Account Agreement;
With MICEX:
FOR MOSCOW PARTICIPANTS:
а) Execute the following agreements:
Agreement for Making Unsecured Loan Trades with the Bank of Russia on the ZAO MICEX Electronic Trading System;
PDF, 821.0 kB
Contract for Providing Technological Access to ZAO MICEX Software and Hardware Complex
PDF, 1.59 MB
if this Contract has not already been executed, or execute the
Supplementary Agreement to the Contract for Providing Technological Access to the ZAO MICEX Software and Hardware Complex Adding the Loan Trade Sub-System to the List of MICEX Software and Hardware Complex Sub-Systems to Which the Trader is Given Technological Access;
PDF, 135.0 kB
the agreement with MICEX accepting the EDC Rules, if this agreement has not already been executed;
b) Submit the following documents to MICEX (if they have not already been submitted):
- the Trader’s data record card;
- a card with signatures of the persons with the right of the first and the second signature and the seal of the credit organization, executed in accordance with the requirements of the regulations of the Bank of Russia (or a notarized copy thereof);
- a copy, certified by the signature of an authorized person and the seal of the credit organization, of the power of attorney issued to a representative of the credit organization authorizing him to sign the contracts specified in the present clause (if these contracts are being signed by persons not entitled by the Charter to act in the name of the organization without a power of attorney);
- a notarized copy of the banking license if it has not already been submitted;
- a notarized copy of the credit organization’s Charter (including duly registered amendments and additions thereto) and an extract, certified by the signature of an authorized person and the seal of the credit organization, from the meeting minutes containing the resolution of the credit organization’s authorized body electing the sole executive body of the credit organization, and a copy, certified by the signature of an authorized person and the seal of the credit organization, of an appropriate document appointing other persons to act in the name of the credit organization without a power of attorney if these documents have not already been submitted;
Notice of the credit organization’s MICEX SH bank account number for receiving unsecured loans from the Bank of Russia;
DOC, 28.0 kB
Powers of attorney in Traders’ names (Supplement No.3 to the Rules);
DOC, 31.0 kB
Powers of attorney in the names of the representatives authorized to receive reports in the Trader’s name;
DOC, 29.0 kB
Official letter form
DOC, 58.0 kB
the 20th of October 2008
Prepared documents must be sent by courier to the ZAO MICEX Department of Government Securities and Money Market Instruments at 13 Bolshoy Kislovsky per., Moscow.
Contact numbers:
ZAO Moscow Interbank Currency Exchange, Department of Government Securities and Money Market Instruments:
(495) 705–96–54, (495) 234–48–06
FOR REGIONAL PARTICIPANTS:
а) Execute the following agreements:
Agreement for Making Unsecured Loan Trades with the Bank of Russia on the ZAO MICEX Electronic Trading System;
DOC, 83.0 kB
- Contract for Providing Technological Access to the ZAO MICEX Software and Hardware Complex if the Contract has not already been executed, or execute the Supplementary Agreement to the Contract for Providing Technological Access to the ZAO MICEX Software and Hardware Complex Adding the Loan Trade Sub-System to the List of MICEX Software and Hardware Complex Sub-Systems to Which the Trader is Given Technological Access;
- the agreement with MICEX accepting the EDC Rules if the agreement has not already been executed;
b) Submit the following documents (if they have not already been submitted):
- the Trader’s data record card;
- a card with signatures of the persons with the right of the first and the second signature and the seal of the credit organization, executed in accordance with the requirements of the regulations of the Bank of Russia (or a notarized copy thereof);
- a copy, certified by the signature of an authorized person and the seal of the credit organization, of the power of attorney issued to a representative of the credit organization authorizing him to sign the contracts specified in the present clause (if these contracts are being signed by persons not entitled by the Charter to act in the name of the organization without a power of attorney);
- a notarized copy of the banking license if it has not already been submitted;
- a notarized copy of the credit organization’s Charter (including duly registered amendments and additions thereto) and an extract, certified by the signature of an authorized person and the seal of the credit organization, from the meeting minutes containing the resolution of the credit organization’s authorized body electing the sole executive body of the credit organization, and a copy, certified by the signature of an authorized person and the seal of the credit organization, of an appropriate document appointing other persons to act in the name of the credit organization without a power of attorney if these documents have not already been submitted;
Notice of the credit organization’s MICEX SH bank account number for receiving unsecured loans from the Bank of Russia;
DOC, 28.0 kB
Powers of attorney in the Traders’ names (Supplement No.3 to the Rules);
DOC, 31.0 kB
Powers of attorney in the names of the representatives authorized to receive reports in the Trader’s name;
DOC, 29.0 kB
Official letter form
DOC, 58.0 kB
the 20th of October 2008
Contact numbers:
- St. Petersburg Currency Exchange – tel. (812) 324–38–26 , 324–38–10
- MICEX-South Regional Exchange Center – tel. (863) 291–00–43, 291–00–46
- Siberian Interbank Currency Exchange – tel. (383) 2191–655, 2191–659, 2191–656
- MICEX – Ural Region Regional Exchange Center – tel. (343) 245–4811
- Samara Currency Interbank Exchange – tel. (846) 336–1743
- MICEX – Far East Regional Exchange Center – tel. (4232) 46–83–48
- MICEX – Volga Region Regional Exchange Center – tel. (831) 419–62–14
Please Note:
Technological access to Bank of Russia loan auctions is available from the same remote workstations used for the government-backed securities market, the deposit and credit market, (versions 5.14 and later) and MICEX Trade TI remote workstations. Organizations wishing to obtain technological access through a MICEX Trade TI remote workstation (either via a dedicated line or via the Internet) should contact MICEX at (495)705–9682 or (495)411–8254, or submit a written request to soft-support@micex.com.
