RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of February 24, 2022 No. 22

About features regulation of liquidity of banks during action of warlike situation

According to Item 20 of Article 7, to Articles 6, of 15, of 25, 42 and 56 Laws of Ukraine "About the National Bank of Ukraine", being guided by the Presidential decree of Ukraine of February 24, 2022 No. 64/2022 "About introduction of warlike situation in Ukraine", the approved Law of Ukraine "About approval of the Presidential decree of Ukraine "About introduction of warlike situation in Ukraine" of 24.02.2022 No. 2102-IX, adopted based on the offer of the National Security and Defense Council, and also in pursuance of requirements of the Regulations on regulation of the monetary and currency markets by the National Bank of Ukraine in the conditions of the special period approved by the resolution of Board of the National Bank of Ukraine of November 06, 2019 to No. 129/DSP, Item 11 of the resolution of Board of the National Bank of Ukraine of February 24, 2022 No. 18 "About work of bank system during introduction of warlike situation" for the purpose of minimization of systemic risks in the presence of signs of unstable financial condition of bank system, emergence of the circumstances menacing to stability of bank and financial system of the country the Board of the National Bank of Ukraine DECIDES:

1. The National Bank of Ukraine (further - National Bank) performs with banks operations on refinancing, including refinance credits for up to one year, and also transaction on placement of deposit certificates of National Bank (further - the deposit certificate), including transactions on placement of deposit certificates by participation in tenders for placement of deposit certificates for up to 100 days within established by National Bank for each bank of the maximum amount of acquisition of such deposit certificates at National Bank and banks in the interbank market (further - the limited deposit certificate), according to Regulations on use of standard instruments of regulation of the liquidity of bank system by the National Bank of Ukraine approved by the resolution of Board of the National Bank of Ukraine of September 17, 2015 No. 615 (with changes) (further - the Provision), according to the procedure, determined by technical procedure for carrying out transactions by the National Bank of Ukraine by the standard instruments of regulation of liquidity of bank system approved by the resolution of Board of the National Bank of Ukraine of November 12, 2015 No. 783 (with changes), taking into account the features determined by this resolution and based on already signed existing general credit agreements, the Single agreement of bank servicing and provision of other services by National Bank in participation in transactions in placement of deposit certificates.

Banks have the right to submit to National Bank general credit agreements and additional agreements to them in paper or electronic form.

The requirement of paragraph two of Item 1 of this resolution extends to all general credit agreements concluded since February 24, 2022 (in the presence) and additional agreements to them.

Transactions on refinancing, on placement of deposit certificates are not carried out with banks in which structure of property there are owners of essential participation, final key participants who are citizens of the state performing the armed aggression against Ukraine in the value given in article 1 of the Law of Ukraine "About defense of Ukraine" or the legal entities registered in such state and also if to bank / to final beneficial owners to banks/owners of essential participation in bank by Ukraine, foreign states (except the states performing the armed aggression against Ukraine), interstate associations or the international organizations apply sanctions, except cases of decision making by committee on questions of supervision and regulation of activities of banks, oversight of payment infrastructure concerning feasibility of provision to such banks of the credit overnight, refinance credit and/or to carrying out with such banks of transactions on placement of deposit certificates of overnights/tenders for placement of deposit certificates, considering their influence on banking system stability.

Banks which fall under the signs determined in paragraph four of Item 1 of this resolution and which intend to participate in transactions on refinancing not later than three working days before application for receipt of the credit overnight, refinance credit by the corresponding program technological support send to National Bank by system of e-mail of National Bank the intent letter to take part in transaction on refinancing in which specify type of loan (overnight/refinancing), date of transaction.

The National Bank satisfies requests of banks for receipt of the credit overnight, refinance credit on which the Committee on questions of supervision and regulation of activities of banks, oversight of payment infrastructure makes the decision according to the paragraph the fourth Item 1 of this resolution on feasibility of provision to such banks of the credit overnight, refinance credit.

Banks which fall under the signs determined in paragraph four of Item 1 of this resolution and which intend to participate in transactions on placement of deposit certificates send to National Bank by system of e-mail of National Bank the petition for their participation in transactions on placement of deposit certificates.

The National Bank allows the banks falling under the signs determined in paragraph four of Item 1 of this resolution to participation in separate transaction types on placement of deposit certificates (overnight and/or tenders for placement of deposit certificates for up to 14 days and/or for up to 100 days) concerning which the Committee on questions of supervision and regulation of activities of banks, oversight of payment infrastructure made the decision on feasibility of carrying out these transactions with such banks.

1-1. The National Bank considers the requests for inclusion of assets (property) in pool/exception of assets (property) from pool/replacement of assets (property) in bullet (further - the request for forming of pool) submitted banks which fall under the signs determined in paragraph four of Item 1 of this resolution and have debt on transactions on refinancing, taking into account the following features:

1) the National Bank takes cognizance of requests for forming of pool concerning exception of the money in national currency placed on the separate bank account opened in National Bank for transfer of the income and/or repayment of pledged securities and/or deposit certificates (further - cash receipts in national currency), on condition of specifying in the request for forming of pool about the direction of cash receipts in national currency on early (complete/partial) / in the come time (complete/partial), debt repayment on transactions on refinancing;

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