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Русский Nov 13, 2019 14:36
(GMT+3)
Latest news
Nov 12, 2019
First container train from China to Europe on single transport document arrives by multimodal route at Baltiysk
Nov 09, 2019
Chinese payment system Sendy now available on Sapsan trains
Nov 08, 2019
Russian Railways sees increased interest in joint projects on the international market
Nov 08, 2019
Allegro train passenger traffic up 12.6% in October
Nov 07, 2019
Oleg Belozerov, CEO of Russian Railways, met Suren Papikyan, Armenia’s Minister of Territorial Administration and Infrastructure
Nov 01, 2019
Loading volumes on the network owned by Russian Railways increased by 1% in October
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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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