Director of the NBU Payment Systems Department Nataliia Lapko said that the regulator remains involved in efforts  to ensure  the high  level of security and reliability of interbank money transfers in the domestic currency effected through the system of electronic payments of the National Bank of Ukraine (hereinafter referred to as the "SEP”).

She also reminded that the SEP is the only systemically important payment system operating in Ukraine. The interbank money transfers are effected through the SEP in a batch mode and a real-time mode. It is compulsory for a bank to effect initial payments in a batch mode, whereas the execution of initial payments in a real-time mode is optional. At the same time, a system participant operating in the SEP in a batch mode ensures that payments are accepted in a real-time mode.

In the first nine months of 2015, 218,257 thousand initial payments totaling UAH 11,937 billion were processed through the SEP.

In the first three quarters of 2015, 217,271 thousand initial payments worth UAH 6,825 billion were processed through the SEP in a batch mode, whereas 986 thousand initial payments worth UAH 5,112 billion were effected in a real-time mode. 

202,844 thousand initial payments accounting for 93% of the total amount of transactions on initial payments were effected through the SEP by the banks of Ukraine and their branches.

On average, 1,180 thousand initial payments amounting to UAH 65 billion were processed through the SEP daily.

Daily average ratio of cash circulation on the accounts of the system participants stood at 1.33, whereas average daily balance of funds on the accounts of SEP members amounted to UAH 48.47 billion.

For reference

The SEP is the national system of interbank settlements operating in Ukraine  through which funds transfers are effected  through correspondent accounts and other accounts opened by the system participants with the National Bank of Ukraine using electronic facilities for acceptance, processing, transmission and protection of information.  

The National Bank of Ukraine is the payment organization and settlement bank.   

As of October 1, 2015, the SEP participants were 302 institutions, including 133 banks of  Ukraine, 112 branches of the banks of Ukraine, 27 bodies of the State Treasury Service of  Ukraine, 30  institutions of the National Bank of Ukraine.