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Русский Mar 23, 2019 17:24
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Latest news
Mar 21, 2019
Head of Russian Railways Oleg Belozerov discusses progress on reconstruction of Sakhalin’s railway infrastructure with Acting Governor Valery Limarenko
Mar 20, 2019
Russian Railways Holding to monitor promising construction technologies for implementation in infrastructure projects
Mar 20, 2019
“We have to remove technological and legal barriers at the interface of the main railway systems,” says Alexander Misharin
Mar 20, 2019
Heads of Russian Railways and OBB discuss bilateral cooperation
Mar 20, 2019
“Rail transport has every chance of winning the competition for transit freight flows,” says Oleg Belozerov
Mar 19, 2019
International Railway Congress 2019 opens in Vienna
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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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