RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of October 16, 2018 No. 107

About approval of the Regulations on procedure for forming and storage by banks of Ukraine and branches of foreign banks in Ukraine of reserves according to forward and futures contracts with delivery or without delivery of underlying asset which variable is the currency rate or the price of bank metal

According to Articles 6, of 7, of 15, 25 and 56 Laws of Ukraine "About the National Bank of Ukraine", for the purpose of risk minimization of accumulating of currency imbalances owing to the conclusion by participants of the market of forward and futures contracts of banks with delivery or without delivery of underlying asset which variable is the currency rate or the price of bank metal the Board of the National Bank of Ukraine DECIDES:

1. Approve Regulations on procedure for forming and storage by banks of Ukraine and branches of foreign banks in Ukraine of reserves according to forward and futures contracts with delivery or without delivery of underlying asset which variable is the currency rate or the price of bank metal which is applied.

2. To department of the public markets (Ponomarenko S. V.) after official publication to inform banks information on adoption of this resolution.

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

4. The resolution becomes effective from the date of, its official publication following behind day.

The Resolution of Board of the National Bank of Ukraine of October 16, 2018 is approved No. 107

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