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The document ceased to be valid since  June 11, 2015 according to Item 12 of the Resolution of Board of the National Bank of Ukraine of  June 9, 2015 No. 363

RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of October 9, 2014 No. 655

About measures for change of conditions of use of refinance credits and transactions of repo

For the purpose of maintenance of banking system stability that is necessary condition for accomplishment of the main constitutional function by the National Bank of Ukraine on ensuring stability of monetary unit of Ukraine, despite significant internal and external risks, for assistance to ensuring timely accomplishment of obligations of banks of Ukraine to investors, creation of incentives for return of means to bank system, being guided by article 99 of the Constitution of Ukraine, Articles 6, of 7, of 13, of 15, of 42, 55 Laws of Ukraine "About the National Bank of Ukraine", item 4 of the decision of Council of the National Bank of Ukraine of September 11, 2014 No. 27 "About condition of accomplishment of the Basic principles of monetary policy for 2014 and its influence on social and economic development of Ukraine", decides Board of the National Bank of Ukraine:

1. In case of the appeal of bank about impossibility of proper accomplishment of obligations to the National Bank of Ukraine by it on transactions of refinancing and transactions of repo in the terms determined by the credit agreements and repurchase agreements signed in accordance with the terms of the Regulations on regulation of liquidity of banks of Ukraine by the National Bank of Ukraine approved by the resolution of Board of the National Bank of Ukraine of April 30, 2009 No. 259, registered in the Ministry of Justice of Ukraine on May 6, 2009 at No. 410/16426 (with changes) to perform prolongation of term and change of other conditions of use of the obtained credits on conditions and according to the procedure, the determined Regulations on provision of stabilization loans by the National Bank of Ukraine to banks of Ukraine, the approved resolution of Board of the National Bank of Ukraine of July 13, 2010 No. 327, registered in the Ministry of Justice of Ukraine on July 19, 2010 on No. 540/17835 (with changes) (further - No. Provision 327), by entering of corresponding changes into such credit agreements, agreements of pledge and repurchase agreements.

2. In the presence in bank of overdue debt on the added percent on transactions of refinancing at the time of adoption of this resolution the available amount of debt joins in the total amount of debt of bank on these transactions. Collection of the penalty fee added for untimely interest payment and the penalties imposed for violation of conditions of the corresponding credit agreements is not performed.

3. In case of insufficiency of providing on the credits specified in Item 1 of this resolution, the bank shall return part of debt in proportion to the amount of reduction of cost of providing or fill up or replace it with the providing determined in No. Provision 327, in the amount of, sufficient for satisfaction of requirements for the credit agreement taking into account adjusting factor.

Perform in case of need replacement and/or provision of collateral security on the credits.

4. To impose control over the implementation of this resolution on the First Deputy Chairman of the National Bank of Ukraine Pisaruk A. V., directors of General department of banking supervision Shulga A. A. and director of General department of monetary policy Scherbakova A. A.

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

Acting Chairman

A. V. Pisaruk

 

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