Resolution of National Bank №48
National Bank has developed a mechanism of operational support for liquidity. This is stated in the Resolution of the NBU № 48, adopted February 6, 2014, the press service of the National Bank says.
The above mechanism provides for the National Bank of Ukraine implementing the early tender liquidity support for banks with outflow of long-term deposits (deposits) of individuals, for up to 360 days. The decision to carry out such tenders is approved due to analysis of the situation in the money market and liquidity of the banking system.
Features of applying the mechanism of operational support for liquidity, which is approved by the Resolution of the National Bank of Ukraine from 06.02.2014 №48, in particular, provide that:
the maximum amount of money that the bank can get under this mechanism shall not exceed the amount of the outflow of long-term deposits (deposits) of individuals at a time defined by the National Bank;
providing refinance loan that will be issued under this mechanism may be government bonds of Ukraine or foreign currency (U.S. dollar, euro, British pound, Japanese yen, Swiss franc);
interest rate on this refinance loan is set at triple rate of the National Bank’s rate.
