At its meeting held on February 14, 2015, the National Commission for Securities & Stock Market registered changes to the Rules of PJSC Ukrainian Stock Market as regards use of derivatives in the stock market, the press-office of the NCSSM reports.
Irina Ustenko, Director for Trade in Securities & Stock Markets at the NCSSM, noted: “The Ukrainian Stock Market trading place, having received an approval from the Commission, can enter sample euro/dollar futures contracts into circulation. Significantly, the purpose of trade in futures contracts is creation of a new instrument in the regulated financial service sector, what enables to take huge amount of grey-market funds out of the shadows and save prospect investors from involvement into fraud schemes”.
It is worth noting that according to sample forms, the basic assets is the exchange rate for euro to US dollar, and commitments under the said contracts are regarded to be fulfilled if the parties to contract pay under the particular futures contract, in particular, the money (variation margin or total variation margin).
Please note that the NBU has endorsed the sample exchange rate futures contracts with sending a letter to the Commission.
