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In Ukraine there can be a new type of securities

В Украине может появиться новый вид ценных бумагThe document offers to enter the banking certificates.

The Verkhovna Rada Committee on financial policy and banking activities provides that the Parliament adopt as a basis the bill on the financial instruments of the Bank No. 9034.

About it reported in a press-service of the Parliament.

The document proposes to establish Bank certificates – a new kind of securities that will be issued by banks.

It is noted that the ease of use of Bank certificates is that the certificate combines the properties of the Bank Deposit and securities. It is assumed that Bank certificates can be like interest and account.

Appropriate changes be made to the commercial code and several laws on securities, the stock market, Depository system, on collective investment institutions and the like.

According to first Deputy Chairman of the Committee Mikhail Dovbenko, Bank certificates several advantages in comparison with bonds and deposits. Thus, in comparison with the Deposit – high liquidity, simplicity of design, book-entry form, the ability to suspend the certificate until the expiration on the secondary market.

In particular, in comparison with the Deposit certificate has high liquidity, simplicity of design and the possibility of the certificate before the expiry on the secondary market.

In comparison with the bond issue registration occurs within one day and will not require a significant amount of documentation in comparison with the fact that the bond is registered within 25 working days, he added.

“The banking certificate is primarily the result of bilateral agreements between the Bank and its client. That is such a unique tool is created, can the customer and the Bank to create essentially a tool in the form of securities”, – stated in the message.

It is expected that the bill will contribute to the development of capital markets through the mobilization of financial resources and their effective use. He also will contribute to introduction of new financial instruments of banks in non-documentary form.

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