RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of March 19, 2020 No. 35

About implementation of transactions by the National Bank of Ukraine on reinforcement of cash desks of banks cash foreign currency

According to Articles 6, 7, 15, 42, 44, 56 Laws of Ukraine "About the National Bank of Ukraine", for the purpose of maintenance of financial system of Ukraine, for prevention and minimization of potential negative impact of the actions entered in connection with origin and spread of koronavirusny disease (CODIV-19), Board of the National Bank of Ukraine DECIDES:

1. The National Bank of Ukraine (further - National Bank) enters, since March 19, 2020, carrying out transactions on reinforcement of cash desks of banks cash foreign currency (US dollar, euro) for non-cash foreign currency (US dollar, euro) (further - transaction on reinforcement).

2. The bank determined by National Bank as systemically important at the time of carrying out transaction by reinforcement can become the participant of transactions on reinforcement.

3. The National Bank establishes the size of commission fee (payment for transaction implementation) which is paid by banks to National Bank at the 0,15 level of % of the amount of foreign currency which payment is performed by results of carrying out transaction on reinforcement, in hryvnias on official hryvnia exchange rate to foreign currencies, established by National Bank for transaction date.

4. The National Bank performs transactions on reinforcement in such procedure:

1) informs banks about carrying out transactions on reinforcement (further - the notification) means of e-mail of National Bank and/or trade and information systems. Conditions of carrying out such transactions are determined by National Bank in the notification;

2) satisfies the submitted applications of banks which correspond to the conditions determined in the notification, in full, if the amount for carrying out transactions on reinforcement is sufficient for satisfaction of requests of banks;

3) distributes funds which are offered for carrying out transactions on reinforcement, it agrees to the applications submitted by banks before exhaustion of the amount offered in the notification. Funds are distributed between all banks in proportion to the submitted applications (with rounding to smaller number taking into account the indicator determined in the notification which determines frequency rate of the request of bank for participation in transaction by reinforcement) if the offered amount is not enough for satisfaction of all requests of banks;

Reports 4) to banks which submitted applications, results of satisfaction of their requests with means of e-mail of National Bank and/or trade and information systems in time, determined in the notification;

5) perfroms calculations with banks which were participants of transactions on reinforcement, by results of these transactions in the terms determined in the notification.

5. The decision on carrying out transactions on reinforcement is made by the vice-chairman of National Bank which performs the common directorship and controls activities of independent divisions of National Bank down of subordination "Market transactions".

6. (Sergey Podik) to provide to operations department the conclusion of contracts with banks which are participants of transactions on reinforcement.

7. To department of the public markets (Sergey Ponomarenko) after official publication to inform banks information on adoption of this resolution.

8. To impose control over the implementation of this resolution on the vice-chairman of the National Bank of Ukraine Oleg Churiya and the vice-chairman of the National Bank of Ukraine Roman Borisenko.

9. The resolution becomes effective from the date of its official publication.

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