Wednesday, June 1, 2011

500 billion in liquidity

In general, the two nearest unsecured auctions on the MICEX CBR plans to give banks money for half a trillion rubles. On it informs Department external and public relations of Bank of Russia. Date of first auction on January 12, funds will be provided for 6 months, the maximum amount of funds - 350 million rubles, the date of disbursement - January 14, the date of repayment - July 8 this year, the minimum interest rate - 13.25% APR. The second auction will be held on January 13, banks will be able to count on a maximum of 150 billion rubles, the term - 5 weeks, the minimum interest rate - 12,75%. Maximum number of applications from one credit institution in each of the auction: 3 pieces. The minimum volume of a single application: 1 million rubles. Recall that the unsecured auctions CBR allowed banks with a rating of long-term solvency level not lower than 'B-' by rating agencies Fitch Ratings and Standard & Poor's or not below "B3" by classification rating agency Moody's Investors Service is also the Bank of Russia takes attention to the ratings of national rating agencies RusRating - not less than "BB-" and "Expert RA" - not less than "B + +" National Rating Agency - no less than A-, AK & M - not below A.

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