INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of March 31, 2025 No. 7027-U

About procedure for reflection on accounts of financial accounting of derivative tools by not credit financial credit institutions, bureau of credit histories, credit rating agencies

This Instruction based on part 6 of article 21 of the Federal Law of December 6, 2011 No. 402-FZ "About financial accounting" establishes procedure for reflection on accounts of financial accounting of derivative tools by not credit financial credit institutions, bureau of credit histories, credit rating agencies.

Chapter 1. General provisions

1.1. For the purpose of this Instruction the following concepts are applied:

"the active market", "basic data", "observed basic data", "fair value" - in the values established by Appendix A of the International accounting standard (IFRS) 13 "Assessment of fair value" <1> (further - IFRS (IFRS) 13);

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<1> No. 217n "About introduction of International accounting standards and Explanations of International accounting standards in action in the territory of the Russian Federation and about recognition voided some orders (separate provisions of orders) of the Ministry of Finance of the Russian Federation" is enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of December 28, 2015 (it is registered by the Ministry of Justice of the Russian Federation on February 2, 2016, registration No. 40940) with the changes made by the order of the Ministry of Finance of the Russian Federation of July 11, 2016 No. 111n (registration No. 43044) is registered by the Ministry of Justice of the Russian Federation on August 1, 2016 (further - the order of the Ministry of Finance of the Russian Federation No. 111n), the order of the Ministry of Finance of the Russian Federation of September 17, 2024 No. 127n (registration No. 80431) (further - the order of the Ministry of Finance of the Russian Federation No. 217n is registered by the Ministry of Justice of the Russian Federation on December 2, 2024), with amendments, enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of June 27, 2016 No. 98n "About introduction of documents of International accounting standards in action in the territory of the Russian Federation and about recognition voided some orders of the Ministry of Finance of the Russian Federation" (registration No. 42869) (further - the order of the Ministry of Finance of the Russian Federation No. 98n is registered by the Ministry of Justice of the Russian Federation on July 15, 2016), the order of the Ministry of Finance of the Russian Federation No. 111n.

"variation margin" - in value, stipulated in Item 4 articles 301 of the Tax Code of the Russian Federation;

"the agreement of financial guarantee", "costs according to the transaction", "derecognition", "purchase or sale on standard conditions", "the derivative tool" - in the values established by Appendix A of the International accounting standard (IFRS) 9 "Financial instruments" in edition of 2014 <2> (further - IFRS (IFRS) 9);

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