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Nov 21, 2017 14:50
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Latest news
Nov 11, 2017
Tickets for carriages with reserved seats and general carriages go on sale on 17 November 2017
Nov 09, 2017
Russian Railways and Galaktika Corporation to cooperate on software import substitution
Nov 09, 2017
First Vice-President of Russian Railways Alexander Misharin and Chairperson of VR Group Ltd Rolf Jansson discuss bilateral cooperation
Nov 09, 2017
Transportation of containerised freight on Russian Railways’ network in 10 months already exceeds 2016 level
Nov 07, 2017
Russian, Chinese and Mongolian Railways agree to simplify procedures for transfer of freight cars in foreign trade
Nov 03, 2017
Russian Railways enjoys better borrowing conditions on international markets than other Russian companies
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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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