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RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of December 1, 2015 No. 847

About approval of the Calculation procedure by authorized banks of limits of open foreign exchange position

(as amended on 28-08-2021)

According to Articles 6, of 7, of 15, of 25, of 44, 56 Laws of Ukraine "About the National Bank of Ukraine" and based on Regulations on procedure for the establishment of limits of open foreign exchange position by the National Bank of Ukraine and control of their observance by banks approved by the resolution of Board of the National Bank of Ukraine of August 12, 2005 No. 290, registered in the Ministry of Justice of Ukraine on August 29, 2005 at No. 946/11226 (with changes), the Board of the National Bank of Ukraine decides:

1. Approve the Calculation procedure banks of limits of open foreign exchange position which is applied.

2. Banks with which the National Bank of Ukraine signed written agreements about taking measures to ensuring compliance with limits of open foreign exchange positions or made separate decisions on their activities perform further reduction of the activities to requirements of the National Bank of Ukraine according to the conditions and terms established in written agreements or separate decisions.

3. To banks in order to avoid currency risks to take measures for change of currency of accomplishment of obligations for the loans granted in foreign currency for national currency.

4. Recognize invalid resolutions of Board of the National Bank of Ukraine:

of March 31, 2014 No. 182 "About reduction of limits of open foreign exchange position of bank system of Ukraine to international standards";

of April 14, 2015 No. 248 "About modification of some regulatory legal acts of the National Bank of Ukraine";

of October 1, 2015 No. 658 "About modification of the resolution of Board of the National Bank of Ukraine of March 31, 2014 No. 182".

5. To department of the public markets (Ponomarenko S. V.) to bring contents of this resolution to the attention of banks of Ukraine for use in work.

6. To assign the organization of accomplishment of this resolution to Department of banking supervision (Rozhkova E. V.), Department of financial monitoring (I.V. Birch).

7. To impose control over the implementation of this resolution on the First Deputy Chairman of the National Bank of Ukraine Pisaruk A. V.

8. The resolution becomes effective from the date of its signing.

Chairman

V. A. Hontareva

Approved by the Resolution of Board of the National Bank of Ukraine of December 1, 2015 No. 847

Calculation procedure authorized banks of limits of open foreign exchange position

This Technique is developed according to requirements of the Regulations on procedure for the establishment of limits of open foreign exchange position by the National Bank of Ukraine and control of their observance by banks approved by the resolution of Board of the National Bank of Ukraine of August 12, 2005 No. 290, registered in the Ministry of Justice of Ukraine on August 29, 2005 at No. 946/11226 (with changes) by which are established procedure for determination of limits of open foreign exchange position of bank (L 13, L13-1, L13-2) and the requirement about obligatory their observance by authorized banks.

Limit of common open foreign exchange position of bank [limit of common long open foreign exchange position of bank (L13-1), limit of common short open foreign exchange position of bank (L13-2)] is calculated by the following formula:

Формула к Постановлению от 01.12.2015 г. №847

where L13 (L13-1, L13-2) - limit of common open foreign exchange position of bank (limit of common long open foreign exchange position of bank, limit of common short open foreign exchange position of bank);

VPB - the corresponding common (long/short) opened foreign exchange position jar according to balance sheet and off-balance requirements and obligations of bank for all foreign currencies and bank metals in hryvnia equivalent (calculation is perfromed on reporting date), which is determined as result by all foreign currencies and bank metals of differences of values on each foreign currency and each metal of the amount of balance sheet and off-balance requirements of bank (Vee) and the amount of book and off-balance commitments of bank (with і). The difference of values B і and With і is determined by each foreign currency and each bank metal separately. The positive difference of values B і and With і on each foreign currency and each bank metal is taken into account of limit of common long open foreign exchange position of bank. The negative difference of values B і and With і on each foreign currency and each bank metal is taken into account of limit of common short open foreign exchange position of bank. Absolute values (without sign) differences of values B і and With і on each foreign currency and each bank metal are taken into account of limit of common open foreign exchange position of bank;

V_ - amount of balance sheet and off-balance requirements in і - and foreign currency (bank metal).

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