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Русский Apr 2, 2020 04:15
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Latest news
Apr 01, 2020
Loading volumes on network owned by Russian Railways amounted to 106.6 million tons in March 2020
Apr 01, 2020
Long-distance passenger numbers down nearly 20% in March 2020
Mar 27, 2020
Clarification of temporary procedure when crossing Abkhazia’s border
Mar 27, 2020
New RZD Holding rail service connects Scandinavia and China
Mar 25, 2020
Russian Railways sets up Emergency Response Centre for cooperating with transport market participants
Mar 21, 2020
Temporary changes to travel conditions for passengers transiting Lithuania en route to Kaliningrad
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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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