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May 26, 2018 16:37
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Latest news
May 17, 2018
Railways results from CIS and Baltic states in 2017 and 1Q 2018
May 14, 2018
During 2018 FIFA World Cup Russia™ passenger movement at a number of stations to be changed
May 14, 2018
Russian Railways and Sakha (Yakutia) sign agreement on cooperation
May 11, 2018
Preliminary preparation stage for concession on Northern Latitudinal Railway completed
May 08, 2018
Passenger traffic on the network of Russian Railways up by almost 4% in April 2018
May 08, 2018
Head of Russian Railways discusses closer cooperation on railway transport with Tatarstan’s President
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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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