NBU Board Resolution No. 593, dated September 9, 2015 On Amendments to NBU Board Resolution No. 581, dated September 3, 2015, sets the requirements to payments  in domestic currency due to non-residents,  similar to the requirements applied to payments in foreign currency.

The regulator unifies the rules governing the execution of funds transfers in domestic currency to the correspondent accounts of non-resident banks on the instruction of resident clients.  This shall apply to transactions under agreements entered into between residents and non-residents. The authorized banks executing funds transfers are required to credit funds to a separate analytical account in advance.  From now on, funds will be transferred to the account of a non-resident bank not earlier than the fourth  business day after an authorized bank enters information on the scheduled transaction into the register and submits it to the National Bank of Ukraine. Currently, the same rules apply to similar transactions in foreign currency.

At the same time, it is prohibited for the bank to perform such transactions if these funds in domestic currency have been raised by resident clients as a loan. A similar requirement applies to fx purchases.

The amendments shall take effect from September 10, 2015.