The Bank of Russia has changed the parameters of an irrevocable credit facility in connection with the transition of systemically important banks to comply with the national short-term liquidity Ratio (NNCL). This is stated in the press service of the regulator.
Starting from October 30, 2025, the fee for the right to use BKL is set at 1% per annum of the value of the BKL limit included in the calculation of BKL.
The Central Bank also cancelled the validity period of the BKL for 1 year. Changes have been made to the BKL mechanism. The approach to using BKL to comply with the standard has been revised: From now on, the BKL will cover only a small volatility of the standard (up to 20 percentage points). The amount of the BKL fee will depend on how many days and to what extent the bank actually used the BKL to comply with the standard.
The purpose of the review of the BKL mechanism is to ensure flexibility in banks' management of their liquidity by mitigating temporary short-term changes that do not threaten financial stability, the Central Bank emphasizes.
