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There are determined the terms for making direct REPO transactions by the Bank of Russia with Russian credit institutions on the state securities market


There are determined the terms for making direct REPO transactions by the Bank of Russia with Russian credit institutions on the state securities market
2010-04-12 08:00

NEWS OF THE FEDERAL LEGISLATION

There are determined the terms for making direct REPO transactions by the Bank of Russia with Russian credit institutions on the state securities market

By the Statute of the Bank of Russia N 357-P of March 4, 2010 , there are is determined the terms for making direct REPO transactions by the Bank of Russia with Russian credit institutions executing functions of Dealer on the state securities market in Sector for settlements on state federal securities of closed joint-stock company "Moscow Interbank Currency Exchange". Direct REPO transactions are not made with securities not included to the Pawnshop list of the Bank of Russia, not admitted to circulation on the state securities market, issued by the credit institution, with which the Bank of Russia conclude the direct REPO transaction, or with which such credit institution acts as guarantor, as well as having the period for redemption earlier then two working days following after the date of execution of second part of the direct REPO transaction. Direct REPO transactions shall be made in currency of the Russian Federation in the form of auction of applications and auctions.

The Statute has been registered in the Ministry of Justice of the Russian Federation N 16781 of April 2, 2010 and shall putt into effect upon expiration of 10 days after the day of its official publication in the "News Bulletin of the Bank of Russia".

It is established the procedure for work with settlement documents at changing of requisites of bank, their clients
2010-04-12 08:00

NEWS OF THE FEDERAL LEGISLATION

It is established the procedure for work with settlement documents at changing of requisites of bank, their clients

By the Direction of the Bank of Russia N 2410-U of March 15, 2010 , it is established the procedure for work of branches of the settlement network of the Bank of Russia, credit institutions located at the territory of the Russian Federation, their branches with settlement documents in currency of the Russian Federation at changing of requisites of banks (name, place of location, banking identification code, number of correspondent account (sub-account), number of inter-branch settlements, their clients (number of banking account).

The Direction shall be applied to settlement documents, payment order, collection order, as well as documents waiting of accept for payment, not paid in time because of absence or insufficiency of monetary funds on account, made by controlling and other bodies being not receivers of monetary funds, as well as mad up on grounds of executive documents.

The Direction has been registered in the Ministry of Justice of the Russian Federation N 16792 of April 2, 2010 and shall putt into effect upon expiration of 10 days after the day of its official publication in the "News Bulletin of the Bank of Russia".


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