Debt notes issued by the Bank of Moscow are reliable financial instruments that let companies place their spare cash to earn interest.
The Bank of Moscow issues the following debt instruments:
Promissory notes issued by the Bank of Moscow
The Bank of Moscow promissory notes are:
- Universal payment instrument that lets make settlements with business partners.
- Interest-earning instrument that gives stable income.
- Highly liquid financial instrument.
- Financial instrument that can be used as a reliable security while obtaining loans or guarantees.
The Bank of Moscow issues ordinary interest-earning promissory notes and discounted bills denominated in RF roubles, US dollars and Euros.
The ordinary interest-earning promissory notes are sold at face value; interest is computed on face value and paid on maturity.
The ordinary discounted bills are sold at face value minus discount.
Profit earned by a discounted bill is a difference between the face value and the purchase price.
The Bank of Moscow issues bills with the following types of maturity:
- Upon presentation.
- Upon presentation but not earlier than indicated deadline.
- Upon presentation but not earlier and not later than indicated deadline.
- Upon presentation but not later than indicated deadline.
- Within specified period of time of the date of execution.
- Within specified period of time of the date of presentation.
- With maturity at specified date.
Bills of exchange are executed on pre-printed forms. The forms meet the requirements for securities forms and are protected. The Bank of Moscow bills of exchange are sold at the head office and at any branch. Bills of exchange are sold in accordance with a written contract.
Profit that a bill of exchange brings is set depending on the term and face value of the bill of exchange being bought in accordance with rates valid at the date of the contract for placement of funds of companies in deposits and bills of exchange.
The Bank of Moscow bills of exchange are honored regardless of the place of issue at the head office or branches of the Bank of Moscow:
- Berezniki Branch
- Voronezh Branch
- Vologda Branch
- Ekaterinburg Branch
- Izhevsk Branch
- Irkutsk Branch
- Kemerovo Branch
- Kirov Branch
- Krasnoyarsk Branch
- Kursk Branch
- Nizhny Novgorod Branch
- Novosibirsk Branch
- Omsk Branch
- Orenburg Branch
- Orsk Branch
- Perm Branch
- Rostov Branch
- Saint Petersburg Branch
- Yaroslavl Branch
The Bank of Moscow can honor its bills of exchange before maturity. Bills of exchange denominated in foreign currency can be paid both in foreign currency and RF rubles depending of customer’s wish.
Depository certificates of the Bank of Moscow
The Bank of Moscow depository certificate is a security that certifies the amount of funds deposited at the bank, and the right of certificate holder to receive, on maturity, the deposited amount plus interest indicated in the depository certificate.
The interest on a depository certificate is paid when depository certificate is presented for payment.
The Bank of Moscow issues registered depository certificates.
Depository certificates can be owned by companies that are resident or non-resident of the Russian Federation in accordance with the current law.
Depository certificates are denominated in the currency of the Russian Federation only. Settlements of transactions involving depository certificates must be carried out by bank transfer only.
Rights that a depository certificate gives can be transferred to third parties in accordance with the procedure of assignment.
Depository certificates are sold at the branches of the Bank of Moscow. Depository certificates are paid regardless of the issuing branch at any branch of the Bank of Moscow.
Depository certificates may be presented for payment before maturity. When a depositary certificate is paid before maturity the bank pays the amount of deposit only.
