On July 3, 2015, the Board of the National Bank of Ukraine adopted Resolution No 432 On Amendments to the Regulation On Regulating by the National Bank of Ukraine of  Liquidity of the Ukrainian Banks (hereinafter – Resolution No 432).

Resolution No 432 is intended to modify the approach to determining the interest accrual period for certificates of deposit issued by the National Bank of Ukraine and establish it as the actual period for which funds are raised.

Pursuant to NBU Board Resolution No 432, the interest accrual period for certificates of deposit issued by the NBU shall begin on the day of receipt of funds from the bank and end on the day prior to the maturity date of a certificate of deposit. 

The Resolution shall come into force on July 15, 2015.

The interest on certificates of deposits issued by the National Bank of Ukraine before this resolution comes into effect shall be accrued in accordance with the terms and conditions under which they were issued and NBU regulations effective on the day of their issuance.