RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of September 18, 2014 No. 587

About modification of the Regulations on crediting by the National Bank of Ukraine of Fund of guaranteeing household deposits

According to Articles 6, 42 Laws of Ukraine "About the National Bank of Ukraine", Articles 19, of 20, 25 Laws of Ukraine "About system of guaranteeing household deposits", for the purpose of ensuring depositor protection of the Board of the National Bank of Ukraine banks decide:

1. Bring in Regulations on crediting by the National Bank of Ukraine of Fund of the guaranteeing household deposits approved by the resolution of Board of the National Bank of Ukraine of March 18, 2013 No. 95, registered in the Ministry of Justice of Ukraine on April 3, 2013 on No. 543/23075 (with changes), such changes:

1) in Chapter 1:

in Item 1.4 of the word "years" shall be replaced with words "three years";

state Item 1.6 in the following edition:

"1.6. The National Bank grants to Fund secured loan:

government bonds of Ukraine, except bonds of external state loans of Ukraine which repayment period comes not earlier than in 10 days after loan repayment period provided that they are in property of Fund and are not encumbered with any other obligations in the amount of 100 percent of their book value, but not above the nominal/depreciation value of these securities taking into account interests on credit;

property rights behind future revenues to the current account of Fund in National Bank, including from special collection in the amount of 80 percent from the providing amount taking into account interests on credit.

The National Bank has power of decision about capture on security of the credit of Fund of the homogeneous or mixed pledge.

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