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Composition of the Contact Group for 2022 |
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 [email protected].
Organizational principles
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Regulation on the Сontact Group |
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Composition of the Contact Group for 2023 |
2022
2021
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Composition of the Contact Group for 2021 |
2020
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Composition of the Contact Group for 2020 |
Meetings schedule
29 March 2023
22 July 2022
11 February 2022
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Agenda |
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Discussion Summary |
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Development of money and currency markets in 2021 and in the period of aggravation of geopolitical risks in early 2022 (UKR) |
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Recent changes and prospects for structural regulation of the liquidity of the banking system (UKR) |
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Introduction of the calculation of the cumulative index and cumulative average rates of UONIA (UKR) |
02 August 2021
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Agenda |
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Discussion Summary |
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Recent changes in the regulation of the money market (UKR) |
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Proposals to change the methodology for calculating the Ukrainian Overnight Index Average (UONIA) |
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Proposals to change the methodology for calculating the official / reference exchange rate of hryvnia to the USD dollar |
03 February 2021
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Agenda |
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Discussion Summary |
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Ukrainian MM and FX market: developments in 2020 (UKR) |
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The updated Foreign Exchange Intervention Strategy of the NBU (UKR) |
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Features of the NBU's IRS operations in 2021 (UKR) |
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Interest rate swap operations: a view from market participants (UKR) |
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Risk-controlled repos through a central counterparty (UKR) |
24 July 2020
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Agenda |
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Discussion Summary |
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UONIA: a new benchmark of the Ukrainian money market (UKR) |
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Interest rate swap transactions with the NBU as a tool for interest rate hedging by banks: initial experience, approaches to determining rates (UKR) |
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Impact of interest rate swap transactions on economic ratios of banks (UKR) |
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Applying for participation in interest rate swap transactions with the NBU: what paperwork to file (UKR) |
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How banks can open a depository securities account with the NBU (UKR) |
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How to form a collateral pool to participate in interest rate swap transactions with the NBU (UKR) |
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Approaches to making accounting entries for interest rate swap transactions with the NBU (UKR) |
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Approaches to determining the fair value of an interest rate swap instrument with the NBU (UKR) |
10 April 2020
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Agenda |
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Discussion Summary |
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Appointing members to the Oversight Committee of Ukrainian Index of Interbank Rate (UIIR) (UKR) |
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Financial markets operation under increasing risks associated with coronavirus infection (UKR) |
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NBU transacting interest rate swaps (IRS): Further progress (UKR) |
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NBU issue of long-term refinancing loans: Practical issues (UKR) |
19 February 2020
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Agenda |
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Discussion Summary |
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Money and Foreign Exchange Markets Contact Group: Organizational issues (UKR) |
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Money and Foreign Exchange Market’s benchmarks: outgoing reform process (further development) (UKR) |
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IRS, transactions to be carried by the National Bank of Ukraine: outlook of initiatives (UKR) |
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Non-Deliverable Forward (NDF) (UKR) |