Banking law. Loans from the Bank of Russia to credit institutions secured by securities. Cash transactions (most important)

Lecture notes, cheat sheets
Free library / Directory / Lecture notes, cheat sheets

Banking law. Loans from the Bank of Russia to credit institutions secured by securities. Cash transactions (most important)

Lecture notes, cheat sheets

Directory / Lecture notes, cheat sheets

Comments on the article

Table of contents (expand)

44. Bank of Russia loans to credit institutions secured by pledge of securities. Settlement and cash operations

The Central Bank of the Russian Federation provides loans to credit institutions in the currency of the Russian Federation in order to maintain and regulate the liquidity of the banking system and on the terms of security, urgency, repayment, payment.

Bank of Russia loans are secured by the pledge of securities included in the Lombard List, i.e., the list of securities accepted as collateral for Bank of Russia loans. To obtain a loan, a general loan agreement must be concluded between the Bank of Russia and a credit institution. The loan is extended to a bank account opened on the basis of a bank account agreement with the subdivisions of the settlement network of the Bank of Russia. Securities must meet the following requirements: included in the pawn list; are recorded on the bank's depo account opened with the depository; belong to the credit organization on the right of ownership, are not burdened with other obligations; there are no disputes and claims made in accordance with the established procedure in respect of securities; have a maturity not earlier than 10 calendar days after the maturity of the requested loan.

The term of maturity of a security means the nearest of the following dates:

1) redemption of a security;

2) payment of a part of the par value of the security;

3) repurchase of the security by the Bank of Russia.

The collateral for the loan is considered sufficient if the market value of the securities, adjusted by an appropriate adjustment factor, is greater than or equal to the amount of the requested loan, including the amount of interest for the expected period of use of the loan. Insufficient collateral serves as a basis for refusing to provide the requested loan amount.

The Central Bank of the Russian Federation provides credit institutions with the following types of loans: intraday, overnight loans, pawn loans.

Intraday loans are provided during the working day of the settlement network subdivision of the Central Bank of the Russian Federation.

Overnight loans provided within one business day.

Terms of submission pawn loans established by the Bank of Russia and published by the Bulletin of the Bank of Russia. Interest rates on overnight loans, cut-off rates and weighted average rates based on the results of Lombard loan auctions, interest rates on Lombard loans provided at a fixed interest rate, and fees for the right to use intraday loans are set by the Bank of Russia.

The relations of credit institutions with clients for cash services are carried out on a contractual basis.

For comprehensive cash services for individuals and legal entities, for performing operations with cash and other valuables, credit organizations create a cash department, consisting of incoming, outgoing, incoming and outgoing, evening cash desks, recalculation cash desks and others.

To ensure the timely withdrawal of cash from bank accounts of organizations and individuals engaged in entrepreneurial activities without forming a legal entity, as well as from accounts on deposits of citizens to credit organizations, the amount of the minimum allowable cash balance in the operating cash desk at the end of the day is set. The actual balance of money in the cash register should not be lower than the established one. The minimum balance of cash in the operating cash desk is established by the credit institution in agreement with the institution of the Central Bank of the Russian Federation, based on the volume of cash turnover passing through the cash desk, the schedule for receiving cash from customers, the procedure for processing it and other features of the organization of cash circulation and cash work.

Author: Belousov D.S.

<< Back: Credit agreement. The procedure for providing funds under a loan agreement

>> Forward: Collection of funds and other valuables in credit institutions. Settlement legal relations

We recommend interesting articles Section Lecture notes, cheat sheets:

▪ History of the economy. Crib

▪ outpatient pediatrics. Crib

▪ Children's infectious diseases. Lecture notes

See other articles Section Lecture notes, cheat sheets.

Read and write useful comments on this article.

<< Back

Latest news of science and technology, new electronics:

The existence of an entropy rule for quantum entanglement has been proven 09.05.2024

Quantum mechanics continues to amaze us with its mysterious phenomena and unexpected discoveries. Recently, Bartosz Regula from the RIKEN Center for Quantum Computing and Ludovico Lamy from the University of Amsterdam presented a new discovery that concerns quantum entanglement and its relation to entropy. Quantum entanglement plays an important role in modern quantum information science and technology. However, the complexity of its structure makes understanding and managing it challenging. Regulus and Lamy's discovery shows that quantum entanglement follows an entropy rule similar to that for classical systems. This discovery opens new perspectives in the field of quantum information science and technology, deepening our understanding of quantum entanglement and its connection to thermodynamics. The results of the study indicate the possibility of reversibility of entanglement transformations, which could greatly simplify their use in various quantum technologies. Opening a new rule ... >>

Mini air conditioner Sony Reon Pocket 5 09.05.2024

Summer is a time for relaxation and travel, but often the heat can turn this time into an unbearable torment. Meet a new product from Sony - the Reon Pocket 5 mini-air conditioner, which promises to make summer more comfortable for its users. Sony has introduced a unique device - the Reon Pocket 5 mini-conditioner, which provides body cooling on hot days. With it, users can enjoy coolness anytime, anywhere by simply wearing it around their neck. This mini air conditioner is equipped with automatic adjustment of operating modes, as well as temperature and humidity sensors. Thanks to innovative technologies, Reon Pocket 5 adjusts its operation depending on the user's activity and environmental conditions. Users can easily adjust the temperature using a dedicated mobile app connected via Bluetooth. Additionally, specially designed T-shirts and shorts are available for convenience, to which a mini air conditioner can be attached. The device can oh ... >>

Energy from space for Starship 08.05.2024

Producing solar energy in space is becoming more feasible with the advent of new technologies and the development of space programs. The head of the startup Virtus Solis shared his vision of using SpaceX's Starship to create orbital power plants capable of powering the Earth. Startup Virtus Solis has unveiled an ambitious project to create orbital power plants using SpaceX's Starship. This idea could significantly change the field of solar energy production, making it more accessible and cheaper. The core of the startup's plan is to reduce the cost of launching satellites into space using Starship. This technological breakthrough is expected to make solar energy production in space more competitive with traditional energy sources. Virtual Solis plans to build large photovoltaic panels in orbit, using Starship to deliver the necessary equipment. However, one of the key challenges ... >>

Random news from the Archive

High Bright LED Drivers 27.04.2009

Drivers NCP3066 and NCV3066 provide constant current to power ultra-bright LEDs.

They keep the feedback loop voltage at a very low nominal value of 235 mV, which is used to regulate the average current of the LED string. In addition, they have a wide input voltage range (up to 40 V), for operation from 12 V DC or AC power supplies or from batteries.

These ICs are designed for boost, buck, buck/boost and SEPIC topologies and require a minimum number of external components. They have an on/off function that puts devices into standby mode (<100µA), or can be used to dim the LEDs directly.

The NCP3066 is available in PDIP 8 and SOIC-8 packages, as well as in DFN-8 packages. NCV3066, which meets the requirements of automotive applications, has PDIP-8 and SOIC-8 packages, as well as a DFN-8 package.

Other interesting news:

▪ Medical prostheses from Lamborghini

▪ Compact cars will teach you how to prevent accidents

▪ Intel Core Skylake Processors

▪ Temperature sensor TMP107

▪ Recoloring diamonds

News feed of science and technology, new electronics

Interesting materials of the Free Technical Library:

▪ site section Low frequency amplifiers. Article selection

▪ article Noble Nest. Popular expression

▪ article How long can a chicken live without a head? Detailed answer

▪ Article Sales Director. Job description

▪ article Paper. Simple recipes and tips

▪ article Power supply on the LM723 chip, 0-30 volts 3-5 amperes. Encyclopedia of radio electronics and electrical engineering

Leave your comment on this article:

All languages of this page

Home page | Library | Articles | Website map | Site Reviews