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The Bank successfully allocates and attracts monetary funds in RUR and foreign currency in the interbank markets.
The largest turnover of IBC and DEPO transactions comes from agreements with the following contracting parties: GazPromBank, CityBank, INGBank (Eurasia), Credit Swiss First, ReiffeizenBank, VnesheconomBank, StandartBank, WESTLBVostok,PromStroyBank St. Petersburg, J. P. Morgan, etc.
One of the most important aspects of the Bank activities in the interbank market is conversion transactions, SWAP and FORWARD transactions with hard currencies. The netto transaction limit has been set by the MICEX for the Bank of Khanty-Mansiysk in the amount of 70 million USD allows the Bank to be an active operator in the hard currency sector of MICEX. The Bank is actively involved in the USD/RUB transactions in the futures contract tenders at the Department of standard contracts of JSC “St. Petersburg Currency Exchange.”
Within the framework of an additional agreement to the General credit agreement on credit provision by the Bank of Russia backed by a guarantee (interlock) of securities, credit limits have been set with respect to daylight and overnight credit for the Principal office amounting to 700 MLN RUR and for Moscow office – 1.5 BLN RUR.
In 2005, a number of agreements were signed with major correspondent bank on account settlement in dollars - JP MORGAN CHASE BANK NY, which resulted in an overdraft limit offered to the Bank of Khanty-Mansiysk and a possibility of automatic investment into the overnight at a LIBOR rate of 0.5%.
The Bank of Khanty-Mansiysk is actively offers clearance and account-settlement services to other banks.
New tariffs for services provided to correspondent-banks ensure the Bank of Khanty-Mansiysk to successfully compete in the clearance market. As of 01.01.2006, 134 corresponding accounts of other banks and 54 corresponding accounts at other banks were opened in RUR and foreign currency.
Operations were in progress on extending and establishing new blank lines for JSC BANK OF KHANTY-MANSIYSK. Within 2005, their volume amounted to 320 mln. USD, including those newly obtained from non-resident banks (Donaubank, JP Morgan Chase Bank, Standard Bank, CSFB, Dresdner Bank). The total volume in the new lines was 18.8 mln. USD.
In 2005, a scheme was developed and a program of crediting against pledge of securities was started. As of 01.01.2006, the total collateral funds amounted 3.5 bln. RUR.
The Bank participated in primary distribution of 3 issues of promissory notes (Turanalem Bank, PG MAIR and Cora-TK).
The issue of Bank’s own promissory notes amounted to 10.3 bln. RUR, 9.5 bln. RUR were paid off. |
