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Aug 21, 2017 11:17
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Latest news
Aug 18, 2017
Temporary changes regarding train No. 453/24 Paris-Moscow
Aug 17, 2017
More than 50 long-distance trains equipped with removable gangways for safe and convenient passenger transfer from platform to carriage
Aug 08, 2017
Summer Internet activity at railway stations sets new record since launch of free access to high-speed Wi-Fi network
Aug 08, 2017
Russian Railways to lay on additional evening runs of Sapsan trains from 4 October 2017
Aug 08, 2017
Russian railway workers celebrate professional holiday with charity race
Aug 04, 2017
Chinese now included in navigation system at Leningrad Station in Moscow
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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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