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Loans for participating in an electronic auction




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The Bank of Moscow offers legal entities and individual entrepreneurs loans of up to 80 million rubles for securing an application to participate in a public auction held by the electronic trading floor of OJSC Unified Electronic Trading Floor (EETP).

Advantages

  • The participant does not need to divert funds from circulation to make the advance payment for participating in the bidding (5% of the sum of the contract).
  • A decision is taken rapidly, with decisions on loans of up to 5 million rubles being taken remotely, on the basis of an application form filled in by the client on the OJSC EETP website.
  • The loans are issued without collateral.
  • Individual tariffs for Bank of Moscow services are set for OJSC EETP participants.

Main conditions

The amount of loan - 150 000 RUR to 5 000 000 RUR*

* However not more than the amount of security under the application to take part in the auction chosen by the borrower as set forth in the e-auction documentation to be found on the UETF (Unified Electronic Trading Facility) website.

The amount of loan extended to one borrower/group of interrelated borrowers is limited to 25 000 000 RUR**

** The total amount of the extended loans shall not exceed 10 000 000 RUR provided the auction terms and conditions contain a requirement to submit a security (in the form of a guarantee, surety, etc., submitted prior to the signing of the Contract).

Purpose of the loan — securing an application to participate in an electronic auction on the trading floor of OJSC EETP.

Form of the loan — credit.

Credit term — up to 60 calendar days.

Loan currency  — RUB.

Maximum loan  — the sum borrowed may not exceed that required to secure the application to participate in the electronic auction selected by the borrower.

Interest rate — from 7.5% per annum.

Collateral

No collateral if the documentation on the holding of the electronic auction established the requirement for provision of surety for fulfilment of the contract (in the form of an irrevocable bank guarantee, surety agreements or transfer to the customer of a pledge of funds until the given contract is signed).

Security from owners holding in aggregate at least the controlling block in other cases.

Commission for arranging the loan — 0.5% of the loan but not less than 15 000 rubles.

Commission for failure to draw down the credit facility or early redemption of the loan — N/A. The loan may be repaid early in full.

What you need to do

Prepare the required documents (see below).

After selecting the auction of interest to you on the EETP website, complete the loan application form and attach electronic copies of the documents thereto.

Sign the completed application form with the client’s Electronic Digital Signature and submit it in electronic format to the Bank of Moscow.

On receipt of a positive decision on the loan application, visit the Bank of Moscow with the originals of the documents for formalising the loan.

Clients without a disbursement account with the Bank of Moscow should also provide the documents for opening a disbursement account.

Document required

Main conditions

Purpose of the loan — securing an application to participate in an electronic auction on the trading floor of OJSC EETP.

Form of the loan — credit, credit facility.

Credit term

Credit — up to 60 days.

Credit facility — up to 1 year with a tranche duration of no more than 60 days.

Loan currency  — RUB.

Maximum loan  — up 80 million rubles

Interest rate — estimated depending on the borrower\'s financial position.

Collateral — security from owners holding in aggregate at least the controlling block.

Commission for arranging the credit

Credit — 0.3% of the sum of the loan, but not less than 15 000 rubles.

Credit facility:

— 0.7% of the maximum sum of the loan (for a term of up to 1 year);
— 0.5% of the maximum sum of the loan (for a term of up to 180 days);
— 0.3% of the maximum sum of the loan (for a term of up to 60 days), but not less than 15 000 rubles.

Commission for failure to draw down the credit facility or early redemption of the loan — N/A. The loan may be repaid early in full.

What you need to do



To obtain a loan for securing an application to participate in an electronic auction, you will need to undergo an accreditation procedures. Then, from your personal web office, go to the announcement of the auction that interests you and click on "Obtain a loan".



Attention! Any documents submitted to the Bank must be completed in Russian.
The texts of documents/forms in Russian can be found on our Russian version website.