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Feb 20, 2018 12:46
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Latest news
Feb 09, 2018
OJSC Russian Railways and Argentina’s Administration of Railway Infrastructure agree on cooperation
Feb 09, 2018
Changes to current timetable of train No. 24/23 Paris - Moscow
Feb 08, 2018
CEO of OJSC Russian Railways Oleg Belozerov sets task of ensuring unconditional transport safety during 2018 World Cup
Feb 08, 2018
Transportation of containers on network of Russian Railways increased by 11% in January 2018
Feb 06, 2018
Shevket Shaydullin, Deputy Managing Director of Russian Railways and Head of the Department Operational Safety, receives a state award from the Republic of Armenia
Feb 03, 2018
Ulaanbaatar Railways to become part of the Russia - Mongolia - China economic corridor
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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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