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Money and Foreign Exchange Markets Contact Group (Contact Group)

The Contact Group is established to share information and opinions between the National Bank of Ukraine (NBU) and market players on the current status and developments of Money and FX Market, as well as interest rate and FX derivatives.

As it pursues its mandate, the NBU takes into account the results of discussion at Contact Group meetings. If necessary, the NBU sends these results to authorities and other entities for their record.

The Contact Group is headed by a member of the NBU Board who oversees the Market Operations function. The director of the Open Market Operations Department (OMOD) acts as deputy head of the Contact Group. The head of the Office for Effective Regulation of the Money Market, a unit within the OMOD, acts as secretary of the Contact Group.

The Contact Group includes 25 financial market experts who are recommended by the banks rated as the most active in the money and FX markets. These experts are rotated on an annual basis. 

The Contact Group should convenes every quarter (but not rare than twice per year).

The head of the Contact Group identifies the agenda based on proposals that group members file with the secretary. 

Please send all questions on the Contact Group to contact.group@bank.gov.ua.

 

Organizational principles

Regulation on the Сontact Group pdf
Composition of the Contact Group pdf

 

Meetings schedule

24 July 2020

Agenda (UKR)

pdf

Discussion Summary

 

UONIA: a new benchmark of the Ukrainian money market (UKR)

pdf

Interest rate swap transactions with the NBU as a tool for interest rate hedging by banks: initial experience, approaches to determining rates (UKR)

pdf

Impact of interest rate swap transactions on economic ratios of banks (UKR)

pdf

Applying for participation in interest rate swap transactions with the NBU: what paperwork to file (UKR)

pdf

How banks can open a depository securities account with the NBU (UKR)

pdf

How to form a collateral pool to participate in interest rate swap transactions with the NBU (UKR)

pdf

Approaches to making accounting entries for interest rate swap transactions with the NBU (UKR)

pdf

Approaches to determining the fair value of an interest rate swap instrument with the NBU (UKR)

pdf
10 April 2020

Agenda

pdf

Discussion Summary

pdf

Appointing members to the Oversight Committee of Ukrainian Index of Interbank Rate (UIIR) (UKR)

pdf

Financial markets operation under increasing risks associated with coronavirus infection (UKR)

pdf

NBU transacting interest rate swaps (IRS): Further progress (UKR)

pdf

NBU issue of long-term refinancing loans: Practical issues (UKR)

pdf
19 February 2020

Agenda

pdf

Discussion Summary

pdf

Money and Foreign Exchange Markets Contact Group: Organizational issues (UKR)

pdf

Money and Foreign Exchange Market’s benchmarks: outgoing reform process (further development) (UKR)

pdf

IRS, transactions to be carried by the National Bank of Ukraine: outlook of initiatives (UKR)

pdf

Non-Deliverable Forward (NDF) (UKR)

pdf