In compliance with Ordinance of the Cabinet of Ministers of Ukraine No. 1155-р of 11 November 2015 On Carrying Business Days Over in 2016, and taking into account that the Ukrainian banking system shall close transactions for 2015 and start execute maintenance operations related the beginning of new reporting year, the National Bank of Ukraine established herewith a special business-day schedule for banks from 29-31 December 2015 and 4 January 2016.

On 29 and 30 December 2015, the System of Electronic Payments (SEP) of the National Bank of Ukraine will operate under an extended hours scheme (two hours longer). All transactions with clients shall be closed on 30 December.

On 31 December 2015 until 1.00 p.m. all SEP participants may perform initial payments through the SEP only between banking institutions that subordinated to the same legal entity and payments directed to the NBU or Bodies of the State Treasury Service of Ukraine. The SEP’s business day finishes at 3.00 p.m.     The SEP’s business day finishes at 3.00 p.m. 

The System of Electronic Payments of the NBU, the electronic mail system of the NBU, the Depository of the NBU, the Ukrainian Interbank FX Market Agreement Confirmation System of the NBU, the “CredInfo2” system for purchase and sell of credit resources in domestic currency in the interbank credit market of Ukraine, and the “Register of Contracts with Non-Residents 2” system for registering credit contracts with non-residents shall not work on from 1-3 January and from 7-10 January 2016.

Banks will operate without servicing clients and must carry out a complex set of procedures to prepare for the beginning of the reporting year on 4 January 2016. Interbank funds transfers will not be carried out via SEP on these days.

SEP and the banking system will operate normally on 5, 6 and 11 January 2016.

The banking day on Friday, 8 January 2016, will be carried over to Saturday, 16 January 2016.

From 31 December 2015 to 5 January 2016 (inclusive) banks will operate using the official rate of the hryvnia against foreign currencies and investment metals as set by the NBU on 30 December 2015, and from 6-10 January 2016 (inclusive) at the official rate set by the NBU on 5 January 2016.