The Depository of the National Bank of Ukraine has allowed financial institutions to carry out depository transactions with the central counterparty in government securities. By making these transactions, banks will be able to meet their commitments under repo agreements with risk control concluded before 12 a.m. 24 February 2022.
This will reduce the risk of repo market participants defaulting on repo transactions due to restrictions on wartime depository accounting.
While Ukraine is under military aggression, the NBU will take further necessary measures to ensure the stable operation of the financial system.
Said change was approved by NBU Board Resolution No. ___, dated 4 March 2021, On Amendments to NBU Board Resolution No. 20, dated 24 February 2022, effective 4 March 2022.