RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of December 3, 2015 No. 859

About approval of the Regulations on accounting treatment and carrying out by the National Bank of Ukraine and banks of Ukraine of transactions with deposit certificates of the National Bank of Ukraine

According to Articles 6, 7 and 56 Laws of Ukraine "About the National Bank of Ukraine", article 66 of the Law of Ukraine "About banks and banking activity" and for the purpose of establishment of accounting treatment and carrying out by the National Bank of Ukraine and banks of transactions with deposit certificates of the National Bank of Ukraine, the Board of the National Bank of Ukraine decides:

1. Approve Regulations on accounting treatment and carrying out by the National Bank of Ukraine and banks of Ukraine of transactions with deposit certificates of the National Bank of Ukraine which is applied.

2. To department of depositary accounting of government securities (Suprun A. V.) bring contents of this resolution to the attention of banks of Ukraine for use in work.

3. To department of information technologies (Nagornyuk V. V.) within two weeks after adoption of this resolution to make changes to program technological support Sertlayn and to carry out test.

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

5. To impose control over the implementation of this resolution on the vice-chairman of the National Bank of Ukraine Churiya A. E.

Approved by the Resolution of Board of the National Bank of Ukraine of December 3, 2015 No. 859

Regulations on accounting treatment and carrying out by the National Bank of Ukraine and banks of Ukraine of transactions with deposit certificates of the National Bank of Ukraine

I. General provisions

1. This Provision is developed according to the Laws of Ukraine "About the National Bank of Ukraine", "About banks and banking activity", regulatory legal acts of the National Bank of Ukraine (further - National Bank) concerning regulation of liquidity of bank system for the purpose of carrying out and accounting of transactions with deposit certificates of National Bank (further - deposit certificates) in System of quantitative accounting of deposit certificates SERTIF (further - the SERTIF System) and settlements of the relations on interaction between National Bank and banks of Ukraine during accounting of deposit certificates and carrying out transactions with them.

2. In this Provision the following basic concepts are used:

1) the unconditional transaction - the transaction with deposit certificates in the SERTIF System which accomplishment does not require provision of the order by the account holder;

1-1) circulation of deposit certificates - transactions, the rights to deposit certificates connected with transition, except the bargains concluded in the course of their placement or repayment;

1-2) repayments of deposit certificates - transfer to the corresponding bank account of cost of the deposit certificate or cost of the deposit certificate and percent on it on repayment date according to the terms and conditions provided for placement of deposit certificates with simultaneous write-off of deposit certificates from bank account in the SERTIF System and their automatic cancellation;

1-3) delivery without payment - the mechanism of calculations for transactions with deposit certificates during which transition of the property right to deposit certificates happens without implementation by National Bank of control of cash calculations (in case of their availability);

1-4) delivery against payment - the mechanism of calculations for transactions with deposit certificates during which according to the procedure, determined by this Provision, the translation of deposit certificates occurs right after money transfer;

 1-5) program technological support Sertlayn (further - PTO Sertlayn) - the program complex intended for automation of quantitative accounting of deposit certificates of National Bank, servicing of transactions on their placement, the address, payment of the income and repayment;

2) program technological support Kredlayn (further - PTO Kredlayn) is the program complex intended for automation of carrying out transactions on refinancing of banks, has the interface with PTO Sertlayn;

2-1) placement of deposit certificates - transaction of transfer of the deposit certificates paid by bank into its account in the SERTIF System of which acquisition by bank of the property right to such deposit certificates is result;

3) the SERTIF system is subsystem of PTS Sertlayn serving placements, accounting, the address and repayment of deposit certificates.

3-1. The circulation of deposit certificates is performed only out of the organized market of the capital.

3-2. The National Bank has the right to approve forms of the entering and outgoing documents used for implementation of activities for accounting and carrying out by National Bank and banks of Ukraine of transactions with deposit certificates. Document forms affirm the vice-chairman of National Bank who according to distribution of functional obligations is responsible for implementation by National Bank of activities for accounting and carrying out transactions with deposit certificates.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info