Published on: 2026-06-08
Source: Central Bank of Russia – Central Bank of Russia –
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The Bank of Russia has implemented a new mechanism in its payment system that will allow banks and the Federal Treasury to seamlessly complete settlements on the financial market transactions. This concerns deposits and repo transactions concluded on the Moscow Exchange and the Saint Petersburg Currency Exchange, with clearing conducted by the National Settlement Depository.
Now, completing calculations based on clearing results can be done directly in the payment system of the Bank of Russia. Previously, similar calculations for repo operations were conducted by the National Settlement Depository, for which participants in the operations had to transfer part of the funds from their correspondent accounts with the Bank of Russia.
Thanks to the new service, banks and the Federal Treasury will be able to effectively use liquidity, increase the flexibility of managing their financial resources, reduce operational costs, and also minimize the likelihood of delays and unsettled payments.
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