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The document ceased to be valid since November 1, 2021 according to Item 1 of the Instruction of the Central bank of the Russian Federation of February 3, 2021 No. 5726-U

It is registered

Ministry of Justice

Russian Federation

On February 7, 2013 No. 26896

INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of December 13, 2012 No. 2936-U

About requirements to credit institutions with which the Bank of Russia makes repo transactions

(as amended of the Instruction of the Central bank of the Russian Federation of 22.09.2014 No. 3387-U)

This Instruction is developed according to the Federal Law of July 10, 2002 N 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, N 28, Art. 2790; 2003, N 2, Art. 157; N 52, of Art. 5032; 2004, N 27, Art. 2711; N 31, of Art. 3233; 2005, N 25, Art. 2426; N 30, of Art. 3101; 2006, N 19, Art. 2061; N 25, of Art. 2648; 2007, N 1, Art. 9, Art. 10; N 10, of Art. 1151; N 18, of Art. 2117; 2008, N 42, Art. 4696, Art. 4699; N 44, of Art. 4982; N 52, of the Art. 6229, Art. 6231; 2009, N 1, Art. 25; N 29, of Art. 3629; N 48, of Art. 5731; 2010, N 45, Art. 5756; 2011, N 7, Art. 907; N 27, of Art. 3873; N 43, of the Art. 5973), the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of December 10, 2012 N 24) also establish requirements to the Russian credit institutions (further - credit institutions), with which the Bank of Russia makes repo transactions at the organized biddings and not at the organized biddings.

1. The Bank of Russia makes repo transactions with the credit institutions meeting the following requirements:

availability at credit institution of the general agreement signed with the Bank of Russia establishing general terms of making by the Bank of Russia and credit institution of repo transactions at the organized biddings and (or) establishing general terms of making by the Bank of Russia and credit institution of repo transactions not at the organized biddings (further - the general agreement);

provision by credit institution to the Bank of Russia of the right to cash write-off from correspondent account (the sub-account (sub-accounts) of credit institution opened (opened) in division (divisions) of settlement network of the Bank of Russia, the bank accounts opened in the non-bank credit institutions perfroming calculations for money for repo transactions, for the order of the Bank of Russia in the amount unexecuted the credit institution of obligations determined according to the general agreement;

reference of the credit institution which is bank to 1, to 2 or 3 classification group, non-bank credit institution to 1 or 2 classification group according to the Instruction of the Bank of Russia of April 30, 2008 N 2005-U "About assessment of economic situation of banks", the registered Ministry of Justice of the Russian Federation on May 26, 2008 N 11755, on September 14, 2009 N 14760, on April 20, 2012 N 23905 ("the Bulletin of the Bank of Russia" of June 4, 2008 N 28, of September 21, 2009 N 55, of April 25, 2012 N 21), and regulations of the Bank of Russia about criteria of determination of financial condition of credit institutions. The Bank of Russia has the right to make the decision on making of repo transactions by the Bank of Russia with the credit institution which is bank in case of its reference to 4 or 5 classification group, with non-bank credit institution in case of its reference to 3 or 4 classification group;

absence at credit institution of overdue monetary commitments before the Bank of Russia, unpresented calculation of the size of required reserves;

absence at credit institution of nedovznos in required reserves, unpaid penalties for violation of standard rates of required reserves (except as specified when the plan of participation of the "Deposit Insurance Agency" state corporation in the prevention of bankruptcy of bank approved (approved) by the Bank of Russia contains the schedule of repayment by bank of nedovznos in required reserves and payments of penalty for violation of standard rates of required reserves, on condition of accomplishment by bank of the specified scheduled plan).

2. For the conclusion of the general agreement the credit institution directs to the Bank of Russia the application for intention to sign the general agreement (further - the statement) with appendix of properly drawn up set of documents (further - set of documents).

Information on structural division of the Bank of Russia to which the credit institution directs the application, the procedure of interaction in case of the conclusion of the general agreement, set of documents and also the application form and form of the general agreement are posted on the official site of the Bank of Russia on the information and telecommunication Internet.

3. From the date of entry into force of this Instruction to recognize invalid:

Provision of the Bank of Russia of November 28, 2008 N 329-P "About conditions of making by the Bank of Russia of transactions of direct repo with the Russian credit institutions at the MICEX Stock Exchange", registered by the Ministry of Justice of the Russian Federation on December 25, 2008 N 12996 ("the Bulletin of the Bank of Russia" of December 31, 2008 N 75);

Instruction of the Bank of Russia of March 25, 2010 N 2413-U "About modification of the Provision of the Bank of Russia of November 28, 2008 N 329-P "About conditions of making by the Bank of Russia of transactions of direct repo with the Russian credit institutions at the MICEX Stock Exchange", registered by the Ministry of Justice of the Russian Federation on April 16, 2010 N 16911 ("the Bulletin of the Bank of Russia" of April 21, 2010 N 21);

Instruction of the Bank of Russia of February 8, 2011 N 2576-U "About modification of the Provision of the Bank of Russia of November 28, 2008 N 329-P "About conditions of making by the Bank of Russia of transactions of direct repo with the Russian credit institutions on the stock exchange", registered by the Ministry of Justice of the Russian Federation on March 22, 2011 N 20219 ("the Bulletin of the Bank of Russia" of March 29, 2011 N 17).

4. This Instruction becomes effective from the date of its official publication in "the Bulletin of the Bank of Russia".

Chairman of the Central bank of the Russian Federation

S. M. Ignatyev

 

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