of July 2, 2021 No. 69
About approval of the Regulations on maintenance of liquidity of the central partner
According to Articles 15, of 42, 56 Laws of Ukraine "About the National Bank of Ukraine", article 60 of the Law of Ukraine "About the capital markets and the organized goods markets", for the purpose of determination of conditions and procedure for maintenance of liquidity of the central partner by the National Bank of Ukraine the Board of the National Bank of Ukraine DECIDES:
1. Approve Regulations on maintenance of liquidity of the central partner which are applied.
1) the resolution of Board of the National Bank of Ukraine of April 12, 2013 No. 137 "About approval of the Regulations on order of registration of Rules CIAO "Settlement center on servicing of agreements in the financial markets", registered in the Ministry of Justice of Ukraine on April 29, 2013 for No. 697/23229;
2) the resolution of Board of the National Bank of Ukraine of July 15, 2013 No. 277 "About approval of the Procedure for creation and use of guarantee fund in the form of money for ensuring accomplishment of agreement obligations concerning securities and other financial instruments", registered in the Ministry of Justice of Ukraine on August 2, 2013 for No. 1315/23847;
3) the resolution of Board of the National Bank of Ukraine of August 21, 2013 No. 332 "About approval of the Regulations on liquidity support of Settlement center on servicing of agreements in the financial markets", registered in the Ministry of Justice of Ukraine on September 12, 2013 for No. 1578/24110;
4) Item 19 of the resolution of Board of the National Bank of Ukraine of October 10, 2017 No. 102 "About modification of some regulatory legal acts of the National Bank of Ukraine";
5) the resolution of Board of the National Bank of Ukraine of May 25, 2018 No. 56 "About modification of some regulatory legal acts of the National Bank of Ukraine".
3. To impose control over the implementation of this resolution on the vice-chairman of the National Bank of Ukraine Yury Geletiya.
4. The resolution becomes effective from the date of its official publication.
Chairman
K. Shevchenko
Approved by the Resolution of Board of the National Bank of Ukraine of July 2, 2021 No. 69
1. This Provision is drafted according to Articles 15, of 42, 56 Laws of Ukraine "About the National Bank of Ukraine", article 60 of the Law of Ukraine "About the capital markets and the organized goods markets" and determines conditions and procedure for maintenance by the National Bank of Ukraine (further - National Bank) liquidities of the central partner.
2. The term "central partner" in this Provision is used in the value given in the Law of Ukraine "About the capital markets and the organized goods markets".
Other terms in this Provision are used in the values determined by the legislation of Ukraine.
3. The central partner in case of origin at him temporary deficit of liquid means in national currency of Ukraine for accomplishment of the functions assigned to it and exhaustion of other opportunities of receipt of means by it has the right to address to National Bank behind liquidity maintenance.
4. The National Bank performs maintenance of liquidity of the central partner if it does not contradict the priorities of activities of National Bank determined by the Law of Ukraine "About the National Bank of Ukraine" by carrying out transactions of direct repo with it with domestic government bonds of Ukraine (further - transaction of repo) which are available in property of the central partner and are not encumbered with any obligations.
Transaction of repo is performed by National Bank with transition of the property right to securities.
5. The National Bank performs with the central partner of transaction of repo with domestic government bonds of Ukraine. Transaction of repo is performed provided that payment due dates of coupon yield and/or repayment on these securities shall come not earlier than in two working days after date of their repurchasing.
6. The National Bank performs with the central partner of transaction of repo for a period of up to the next working day.
7. The National Bank on transaction of repo considers risks of possible change of fair value of the securities which are subject of transaction of repo and applies adjusting factors.
8. Interest income on transaction of repo is in advance caused and fixed for the period of carrying out transaction.
The interest rate used for determination of the price of the return sale of domestic government bonds of Ukraine is established at the level of interest rate of National Bank for transactions for the credits overnight for date of the conclusion of the repurchase agreement with the central partner provided by National Bank.
The basic number of days for determination of interest income is the actual number of days in month/year.
9. The National Bank administrative acts has the right to establish:
1) the procedure for carrying out transactions on maintenance of liquidity of the central partner providing the sequence of actions of divisions of National Bank and the central partner when implementing transactions on maintenance of liquidity of the central partner;
2) size of adjusting factors.
10. The central partner for implementation of transactions of repo submits means of ASKOD electronic document management system (further - EDMS ASKOD) to National Bank the petition for carrying out transaction of repo with reasons for need of carrying out such transaction with indication of its amount, quantity and code (the international identification number) of domestic government bonds of Ukraine, the offered term of carrying out transaction and price parameters (the interest rate used for determination of the price of the return sale of domestic government bonds of Ukraine).
11. The documents provided by the central partner in National Bank according to this Provision are signed by the head of the central partner and/or the authorized person of the central partner.
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