MIL-OSI Russia: Financial news: On 04.03.2024 a deposit auction of the Fund for Assistance to Crediting Small Businesses of Moscow will be held

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MIL OSI Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange – Moscow Exchange

Parameters;

Date of the deposit auction 04.03.2024. Currency of placement RUB. Maximum amount of placed funds (in placement currency) 666,000,000.00. Placement term, days 179. Date of deposit of funds 04.03.2024. Repayment date 30.08.2024. Minimum interest rate of placement, % p.a. 15.43. Terms of conclusion, fixed-term or special (Term). Minimum amount of placed funds for one application (in the currency of placement) 666,000,000.00. Maximum number of bids from one Participant, pcs.1. Form of the auction, open or closed(Open).

Basis of the Contract – General Agreement.
Schedule (Moscow time). Applications in the preliminary mode from 12:00 to 12:10. Bids in the competitive mode from 12:10 to 12:15. Setting of the cut-off interest rate or declaring the auction invalid until 12:25.

Additional terms and conditions – Placement of funds with the possibility of early withdrawal of the entire deposit amount and payment of interest accrued on the deposit amount at the rate established by the deposit transaction, in case of non-compliance of the Bank with the requirements established by clause 2.1. of the Regulation “On the procedure for selecting banks for placement of funds of the Fund for Assistance to Crediting Small Businesses of Moscow in deposits under the GDS” (in the edition effective as of the date of the deposit transaction), early withdrawal at the rate “on demand”, payment of interest monthly, on the last working day of the month, without repayment of interest.

Please note; This information is raw content directly from the source of the information. It is accurate to what the source states and does not reflect the position of MIL-OSI or its customers.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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