INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of April 13, 2020 No. 5436-U

About establishment of the obligatory standard rate of short-term liquidity for the broker who by clients is granted right to use of their money in its interests

This Instruction based on article 76.4 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2013, No. 30, the Art. 4084) (further - the Federal Law "About the Central Bank Russian Federation (Bank of Russia)"), Item 3 of article 42 of the Federal Law of April 22, 1996 No. 39-FZ "About the security market" (The Russian Federation Code, 1996, No. 17, Art. 1918; 2019, No. 52, the Art. 7772) (further - the Federal Law "About the Security Market") and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of March 20, 2020 No. 6) establish the obligatory standard rate of short-term liquidity for the broker who by clients is granted right to use of their money in its interests.

Chapter 1. General provisions

1.1. The obligatory standard rate of short-term liquidity (further - NKL) for the broker who by clients is granted right to use of their money in its interests (further - the broker) is established in the following minimum admissible numerical values (further - the NKL minimum value):

70 percent since October 1, 2021;

80 percent since October 1, 2022;

100 percent since October 1, 2023.

1.2. Calculation of NKL shall be perfromed by the formula broker:

where:

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