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Русский Nov 20, 2018 02:46
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Latest news
Nov 19, 2018
Russian Railways and National Railway Museum of York sign cooperation agreement
Nov 15, 2018
RZD Holding organises container shipments from China’s Shandong province to Moscow Region
Nov 12, 2018
Russian government reviews Russian Railways’ 2019-2021 investment programme and financial plan
Nov 02, 2018
Loading volumes on the network of Russian Railways increased by 0.3% in October 2018
Nov 02, 2018
Passenger traffic on the Russian Railways’ network increased by 3.2% in October 2018
Nov 01, 2018
Head of Russian Railways and Deputy Chairman of Vietnamese government discuss project to build light-rail line in Ho Chi Minh City
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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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