NBU to keep account of central counterparty in hryvnia – NBU governor

NBU to keep account of central counterparty in hryvnia – NBU governor
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The National Bank of Ukraine (NBU) will do what is necessary within its mandate to develop commodity exchange spot and futures markets and is now implementing a model according to which the NBU will keep an account of the central counterparty in hryvnia through which settlements will be made, NBU Governor Kyrylo Shevchenko has said.
"This model of settlements, which in international practice is called 'settlements in central bank money,' is used all over the world and is considered an example of the application of best practices," he said in an exclusive interview with Interfax-Ukraine.

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