5 January 2017 | Press Release |
However, the NBU deems it necessary to expand the criteria to adopt a more impartialapproach to the selection of banks eligible to participate in currency interventions conducted in the form of a request for best quotation.
From now on, 20 top-ranked banks based on the previous quarter results in terms of the volume of interbank market transactions. An overall rating is calculatedbased on the rating in each of the three composite rankings assigned to the bank based on three criteria:
· thevolumes of transactions performed by the bank involving the purchase/sale of foreign currency with other market participants and the NBU (the weight of position in the ranking included in the calculation of the overall rating stands at 50%);· the volume of transactions performed involving the purchase/sale of cashless foreign currency with bank's customers (the weight of position in this ranking - 30%); and
· thesize of the bank's assets (the weight of position in this ranking - 20%).
The amendments to this effect havebeen approved byNBU Board Resolution No. 1 of 5 January 2017 On Amendments to the Regulation On Procedure and Conditions of Foreign Exchange Trading. The amendments will come into effect from 6 January 2017.National Bank of Ukraine published this content on 05 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 January 2017 13:42:02 UTC.
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