Resolution Trust Corporation

PJSC RusHydro: RusHydro Group announces 9M 2021 IFRS results

Thursday, November 25, 2021 - 12:06pm

In 9M 2021, the Group's net profit decreased by 13.3% to RUB 52,443 mn following absence of significant revaluations of the forward contract on the company's shares which was accounted for in 9M 2020.

Key Points: 
  • In 9M 2021, the Group's net profit decreased by 13.3% to RUB 52,443 mn following absence of significant revaluations of the forward contract on the company's shares which was accounted for in 9M 2020.
  • RusHydro Group began construction of 23.4 MW Cherekskaya small HPP (earlier Psygansu small HPP) in Kabardino-Balkarian Republic.
  • *****The Boguchanskaya hydropower plant is part of the Boguchanskiy Energy and Metals Complex (BEMO), a joint venture (JV) between RusHydro and UC RUSAL, and is not part of RusHydro Group.
  • RusHydro Group is the leading producer of renewable energy in Russia with over 400 generating facilities.

FHLBank San Francisco Names Anne Segrest McCulloch Chief Legal Officer

Tuesday, November 9, 2021 - 4:00pm

SAN FRANCISCO, Nov. 09, 2021 (GLOBE NEWSWIRE) -- The board of directors of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has appointed Anne Segrest McCulloch executive vice president, chief legal officer and corporate secretary, effective November 18, 2021.

Key Points: 
  • SAN FRANCISCO, Nov. 09, 2021 (GLOBE NEWSWIRE) -- The board of directors of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has appointed Anne Segrest McCulloch executive vice president, chief legal officer and corporate secretary, effective November 18, 2021.
  • Annes understanding of the legal and regulatory landscape facing the housing industry coupled with her deep history of leveraging legal strategies to expand affordable housing options will be an asset to the Bank and our entire member base, said Teresa Bryce Bazemore, president and CEO of FHLBank San Francisco.
  • Throughout her tenure, she has provided solid legal counsel and problem-solving strategies that have positioned us for the future, said Bazemore.
  • As chief legal officer, Ms. McCulloch will be responsible for providing legal counsel to the Banks management and board of directors, including advising on regulatory matters affecting the development and execution of the Banks business strategies, policies, and practices.

PJSC RusHydro: RusHydro Group announces 1H 2021 IFRS results

Thursday, August 26, 2021 - 1:11pm

RusHydro Group has entered into agreement with "Goal Number Seven", the Association of Energy Markets Participants that will certify RusHydro Group's generating facilities upon which issuance of green I-REC certificates will take place.

Key Points: 
  • RusHydro Group has entered into agreement with "Goal Number Seven", the Association of Energy Markets Participants that will certify RusHydro Group's generating facilities upon which issuance of green I-REC certificates will take place.
  • The certificates will acknowledge the origin of electricity that RusHydro Group produces from renewable energy sources.
  • RusHydro Group has signed an agreement with Transenergoprom to divest 100% share in JSC Chuvashskaya Electricity Sales Company.
  • ***** The Boguchanskaya hydropower plant is part of the Boguchanskiy Energy and Metals Complex (BEMO), a joint venture (JV) between RusHydro and UC RUSAL, and is not part of RusHydro Group.

StoneCo Releases Teach-In Paper About the New Dynamics of Registration of Receivables in Brazil

Wednesday, August 25, 2021 - 1:45pm

The Brazilian market is going through a significant transition adjusting to the new dynamics of registration of card receivables.

Key Points: 
  • The Brazilian market is going through a significant transition adjusting to the new dynamics of registration of card receivables.
  • This was called the lock of receivables, because it was locking those cash flows to a specific bank account.
  • If a merchants cash flow was not already locked, a financial institution could formalize guarantees, extend credit and lock the flow of receivables.
  • 1 TAG, which is owned by StoneCo, is a third player that started to operate after June 7, 2021.