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The document ceased to be valid since  February 7, 2019 according to Item 1 of the Resolution of Board of the National Bank of Ukraine of  February 5, 2019 No. 31

It is registered

Ministry of Justice of Ukraine

April 10, 1998

No. 231/2671

RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of March 26, 1998 No. 118

About approval of the Regulations on opening and functioning in authorized banks of Ukraine of accounts of corresponding banks in foreign currency and in hryvnias

(as amended on 26-12-2017)

For the purpose of further ordering of transactions in hryvnias and foreign currency through correspondent accounts and having considered offers of Department of currency control and Legal department concerning modification and amendments to established procedure of implementation of calculations through accounts of nonresident banks, the Board DECIDES:

1. Approve Regulations on opening and functioning in authorized banks of Ukraine of accounts of corresponding banks in foreign currency and in hryvnias it (is applied).

2. Recognize invalid:

- Item 2 of the resolution of Board of the National Bank of Ukraine "About stabilization of the foreign exchange market of Ukraine" of 18.09.95 No. 227;

- letter of the National Bank of Ukraine of 02.10.95 No. 301;

- letter of the National Bank of Ukraine of 11.10.95 No. 309;

- the resolution of Board of the National Bank of Ukraine "About introduction of amendments to the resolution of Board of the National Bank of Ukraine of September 18, 1995 No. 227" of 11.10.95 No. 255;

- appendix 2 the "Procedure for financial accounting and payment under accounts of Loro of nonresident banks in currency of Ukraine" approved by the resolution of Board of the National Bank of Ukraine "About approval of regulations of the National Bank of Ukraine and modification and amendments to the existing regulations of the National Bank of Ukraine" of 23.09.1996 No. 245, registration No. 386;

- the resolution of Board of the National Bank of Ukraine "About modification and amendments to "Procedure for financial accounting and payment under accounts of Loro of nonresident banks in currency of Ukraine" (appendix 2 to the resolution of Board of the National Bank of Ukraine of 23.09.96 No. 245, registration No. 386)" of 10.04.97 No. 98, registration No. 435;

- the resolution of Board of the National Bank of Ukraine "About modification and amendments to "Procedure for financial accounting and payment under accounts of Loro of resident banks of CIS and Baltic countries in currency of Ukraine" of 22.04.97 No. 126, registration No. 438.

- the resolution of Board of the National Bank of Ukraine "About modification and amendments to regulating documents" of 20.11.97 No. 386, registration No. 487 of 20.11.97.

3. Provide "Regulations on opening and functioning in authorized banks of Ukraine of accounts of corresponding banks in foreign currency and in hryvnias" for state registration to the Ministry of Justice of Ukraine in accordance with the established procedure.

4. The provision becomes effective in ten days after its registration in the Ministry of Justice of Ukraine.

5. To impose control over the implementation of this resolution on the First Deputy Chairman of the board V. S. Stelmakh and the Department of currency control (S. O. Yaremenko).

Chairman

V. A. Yushchenko

Approved by the resolution of Board of the National Bank of Ukraine of March 26, 1998 No. 118

Regulations on opening and functioning of correspondent accounts of resident banks and nonresidents in foreign currency and correspondent accounts of nonresident banks in hryvnias

1. General provisions

Opening of correspondent accounts of resident banks and nonresidents in foreign currency and nonresident banks in hryvnias is performed according to the Decree of the Cabinet of Ministers of Ukraine of 19.02.93 No. 15-93 "About system of currency control and currency exchange control" (with changes), the Laws of Ukraine "About banks and banking activity", "About prevention and counteraction of legalization (washing) of income gained in the criminal way or to terrorism financing", "About payment systems and money transfer in Ukraine" both other laws and normative legal acts of the National Bank of Ukraine.

After obtaining from the National Bank of Ukraine of the banking license and the general license for implementation of currency transactions (further - the banking license and the general license) authorized banks of Ukraine can sign agreements on opening of correspondent accounts.

2. Opening of correspondent accounts and establishment of correspondence relations

2.1. The documents necessary for opening of correspondent accounts of banks of residents and nonresidents in foreign currency:

2.1.1. Resident banks of Ukraine:

- the statement on opening of the account;

- the copy of the banking license and the general license certified notarially;

- the copy of the charter of bank (certified notarially);

- the last annual statement (for date of creation which precedes date of filing of application about opening of the account);

- balance for the last date (on 1 date, the account preceding date of filing of application about opening);

- card with specimen signatures according to regulatory legal acts of the National Bank of Ukraine;

- list of corresponding banks;

2.1.2. Resident banks of CIS and Baltic countries (except Central Banks of foreign states):

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