Approved by the Decision of the National Bank of Ukraine (The protocol of July 13, 2017 No. 1)

Rules of electronic payment system of the National Bank of Ukraine

I. General provisions

1. The electronic payment system of the National Bank of Ukraine (further - SEP) is the state bank payment system which is created for the purpose of carrying out interbank money transfer in Ukraine in national currency through correspondent accounts of resident banks and accounts of other SEP participating organizations opened in the National Bank of Ukraine (further - National Bank).

2. These rules are developed according to the Laws of Ukraine "About the National Bank of Ukraine", "About banks and banking activity", "About payment systems and money transfer in Ukraine" and regulatory legal acts of National Bank.

3. These rules determine key questions of organizational structure of SEP, conditions of participation in SEP, procedure of calculations in SEP, risk managements in SEP, information security systems in SEP, procedure for the dispute resolution, ensuring continued operation of SEP, procedure for carrying out rekonsilyation, maintaining archive of electronic interbank documents by participants of SEP, implementation by National Bank of control of observance by participants of SEP of requirements of these rules.

4. These rules and changes in them affirm Council of the Payment institute of SEP and are obligatory for accomplishment by all participants of SEP.

5. Activities of SEP are regulated by regulating documents and provided with organizational structure of SEP and software and hardware complexes (the center of processing of SEP and the automated workplace of the participant of SEP).

6. Regulating documents SEP consist of normative and legal, administrative acts of National Bank and technological documentation on functioning of SEP, namely:

1) about procedure for initiation and implementation of transfer in SEP, participation conditions, procedure for the introduction and leaving the system, execution of settlement documents:

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