Regulatory Alerts2022-09-19
Instruction No. 220 On Short-Term Refinancing Operations
The Bank of Russia issued Instruction No. 220 to establish comprehensive rules and procedures for short-term refinancing operations conducted by credit institutions. The regulation defines eligible collateral types—including government bonds, corporate bonds, and money market instruments—and specifies their valuation methods, applicable haircuts, and reporting requirements. It mandates online submission through the Bank’s information system and outlines eligibility criteria for participants, ensuring standardized risk management and liquidity provision in Russia's financial market.
Share