By its Resolution, the NBU has modified the Rules for holding a trade session and performing some transactions related to purchase and sale of foreign currencies and bank metals. The Regulator has obliged authorized banks (financial institutions) to transfer foreign currency funds to current account of a customer without an instruction of the latter no later than the next banking day after the funds have been transferred to a clearing account. Formerly such transfer used to take 5 banking days.
The specified requirement does not cover funds that in compliance with the legislation of Ukraine are subject to a complete sale at the interbank currency market of Ukraine.
The NBU Resolution became effective on May 18, 2008.
By its Resolution, the NBU has modified the Rules for holding a trade session and performing some transactions related to purchase and sale of foreign currencies and bank metals. The Regulator has obliged authorized banks (financial institutions) to transfer foreign currency funds to current account of a customer without an instruction of the latter no later than the next banking day after the funds have been transferred to a clearing account. Formerly such transfer used to take 5 banking days.
The specified requirement does not cover funds that in compliance with the legislation of Ukraine are subject to a complete sale at the interbank currency market of Ukraine.
The NBU Resolution became effective on May 18, 2008.