INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of December 16, 2019 No. 5352-U

About cases when the agreements which are derivative financial instruments consist only provided that other party under such agreements is the face performing functions of the central partner

This Instruction based on Item 1 of article 51.4 of the Federal Law of April 22, 1996 No. 39-FZ "About the security market" (The Russian Federation Code, 1996, No. 17, Art. 1918; 2018, No. 17, the Art. 2424) establishes cases when the agreements which are derivative financial instruments consist not at the organized biddings and only provided that other party under such agreements is the face performing functions of the central partner.

1. The agreements which are derivative financial instruments consist not at the organized biddings and only provided that other party under such agreements is the face performing functions of the central partner in all cases when the following conditions are at the same time complied.

1.1. The agreements which are derivative financial instruments belong to swap agreements <1> and provide obligation of the Party or agreement parties periodically and (or) to one-timely pay sums of money in rubles depending on change of size of interest rates.

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<1> According to Item 5 of the Instruction of the Bank of Russia of February 16, 2015 No. 3565-U "About types of derivative financial instruments", No. 36575 registered by the Ministry of Justice of the Russian Federation on March 27, 2015.

1.2. Aggregate nominal value of the prisoners earlier swap agreements specified in subitem 1.1 of this Item the last working day of each of three quarters in a row preceding quarter in which consist specified swap agreements exceeds 200 billion rubles at least for one of the parties.

For the purposes of paragraph one of this subitem the swap agreements does not join in aggregate nominal value nominal value:

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