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Ministry of Justice

Russian Federation

On August 29, 2003 No. 5033

PROVISION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of August 4, 2003 No. 236-P

About procedure for provision by the Bank of Russia to credit orgnization of the credits provided with pledge (blocking) of securities

(The last edition from 09-09-2015)

This Provision is developed according to the civil legislation of the Russian Federation, with Articles 4, of 35, of 36, of 37, of 40, of 43, 46 and 47 Federal Laws "About the Central Bank Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, N 28, the Art. 2790) and establishes procedure for provision by the Bank of Russia of the credits provided with pledge (blocking) of securities, to credit institutions (the banks, settlement non-bank credit institutions, non-bank credit institutions performing deposit and credit operations) - to residents of the Russian Federation (further - banks).

1. Terms and determinations

1.1. For the purpose of this Provision the following terms and determinations are used.

Authorized RNKO - the settlement non-bank credit institution which signed with the Bank of Russia the agreement on interaction when implementing transactions according to this Provision and meeting the requirements of the Bank of Russia stated in Annex 1 to this Provision. Information on authorized RNKO is published in "the Bulletin of the Bank of Russia".

The paragraph third voided according to Specifying of the Central bank of the Russian Federation of 18.11.2013 No. 3112-U

Authorized institution of the Bank of Russia - division of the Bank of Russia (except for divisions of central office of the Bank of Russia) which by the administrative act of the Bank of Russia is granted the right to perform transactions according to this Provision.

Authorized division of the Bank of Russia - the division of central office of the Bank of Russia appointed by the administrative act of the Bank of Russia.

The key account of bank - the bank account of bank opened in the Bank of Russia or in authorized RNKO on which the loans of the Bank of Russia are granted.

Bank accounts of bank - the correspondent accounts and correspondent sub-accounts of bank opened in the Bank of Russia, which are not key accounts and also key accounts of bank.

The general credit agreement - the general credit agreement on loan granting of the Bank of Russia, the securities provided with pledge (blocking) concluded between the Bank of Russia and bank on appendix form 2 to this Provision or other contract for loan granting of the Bank of Russia, the securities provided with pledge (blocking) signed between the Bank of Russia and bank in the form established by the act of the Bank of Russia published in "the Bulletin of the Bank of Russia".

The credits of the Bank of Russia - the credits provided with pledge (blocking) of securities, provided by the Bank of Russia to banks.

Intra overnight credit - the loan of the Bank of Russia granted when implementing payment from the key account of bank over balance in cash on this key account of bank.

The credit overnight - the loan of the Bank of Russia granted to bank at the end of the day in the amount of outstanding intra overnight credit.

The lombard credit - the loan of the Bank of Russia granted to bank according to its statement on receipt of the lombard credit on fixed interest rate (further - the statement on receipt of the lombard credit) or the application for participation in lombard credit auction.

The lombard list - the list of the securities accepted in providing the credits of the Bank of Russia. The lombard list (changes and amendments to it) is published in "the Bulletin of the Bank of Russia" and (or) on the official site of the Bank of Russia on the Internet.

Mortgage securities portfolio - the securities selected in accordance with the established procedure for providing the loan granted by the Bank of Russia to bank and (or) on the official site of the Bank of Russia on the Internet.

Paragraphs the fifteenth - the seventeenth voided according to Specifying of the Central bank of the Russian Federation of 11.03.2012 No. 2790-U

Market value of securities - calculated according to the procedure, established by the Bank of Russia, market value of the securities accepted in providing on the credits of the Bank of Russia. Information on market value of one security is published in Representative office of the Bank of Russia on the Internet (www.cbr.ru).

Correction coefficient - numerical multiplier (which value is in the range from 0 to 1), calculated proceeding from possible changes / fluctuations/prices of securities in the security market and used when calculating sufficiency of providing the amount of the requested/granted loan of the Bank of Russia and the calculation of cost accepted as proof of (blocked) securities.

The correction coefficient is established by the Bank of Russia for the purpose of decrease in the risks connected with possible impairment of the securities accepted in providing the credits of the Bank of Russia. The size of correction coefficient is published in "the Bulletin of the Bank of Russia".

Depositary - the legal entity performing registration of the facts of encumbrance of securities by pledge when carrying out loan operations of banks by the Bank of Russia.

Depositaries are:

- the legal entity performing centralized storage of the federal government securities nominated in rubles;

- for the purposes of provision to the legal entity specified in the paragraph twenty third this Item, being credit institution, the credits of the Bank of Russia according to this Provision - the legal entity who signed the depositary agreement based on which to the last the custody account of the owner is opened with the above-stated legal entity, and signed with the Bank of Russia the agreement on interaction when implementing transactions according to this Provision.

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