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Latest news
Sep 20, 2018
Oleg Belozerov takes part in first meeting of leaders of SCO railway companies
Sep 20, 2018
"We will have to integrate the railways even closer on the basis of joint decisions in the IT field," says Oleg Belozerov
Sep 19, 2018
Oleg Belozerov, CEO of Russian Railways, takes part in Summit of Railway Leaders in Berlin
Sep 19, 2018
Russian Railways and SNCF sign road map to develop cooperation
Sep 19, 2018
Russian Railways signs up to international agreement on creation of UNIFE consortium for quality standardisation
Sep 18, 2018
Russian Railways, Siemens AG and Sinara Group sign agreement to expand fleet of high-speed trains
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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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