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Latest news
Mar 21, 2017
Allegro double formation train to depart from St. Petersburg to Helsinki on 29 April 2017
Mar 18, 2017
Oleg Belozerov discusses cooperation on railway sector with Deputy Chairman of China's National Development and Reform Commission
Mar 17, 2017
Russian Railways to automate orders for freight transportation within Russia by end of 2017
Mar 17, 2017
President of Russian Railways Oleg Belozerov voted Newsmaker of the Year by Russian Union of Industrialists and Entrepreneurs
Mar 15, 2017
RZD Holding to provide free travel for veterans and invalids of the Great Patriotic War from 1 to 10 May 2017
Mar 15, 2017
Oleg Belozerov takes part in meeting with the Russia-France Business Cooperation Council and the French business community
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Investor Relations
Debt and Lender Information
Risk Management
Credit risks

Credit risks

Financial Institutions

The banks which act as counterparties for Russian Railways are leading domestic and international financial institutions. Counterparty banks are selected in accordance with federal law and thorough competitive procedures. Each bank undergoes a rigorous process of due dilligence in compliance with the formal requirements of RZD’s mandatory performance standards, including a review of its relationships with other counterparties and government authorities.

Credit limits have been set on transactions to manage credit risk. These credit limits are calculated on the basis of an internal methodology and are approved by the Company’s Risk Management Comittee. The Company constantly monitor the financial stability and risk profile of its banking counterparties with reference to their credit limits. 

Suppliers and Other Counterparties

In order to protect itself from the non-compliance with the obligations by its counterparties, Russsian Railways requires them to provide bank guarantees regarding the proper performance of respective obligations. These include a guarantee period for supply contracts, guarantees for the refund of advances, and the provision of guarantees from reputable companies.

The size and scope of acceptable bank guarantees are restricted by the appropriate credit limits as approved by the Company’s Risk Management Comittee.

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