The national Bank of Ukraine (NBU) has left unchanged the list of banks eligible to participate in foreign exchange intervention at the best rate in the fourth quarter of 2017. This controller is reported on the official page in Facebook.
In the list of 20 banking institutions. Foreign exchange intervention in the form to request a better rate will be able to participate 20 banks, which in the second quarter had the best overall rating among the banks participating in the interbank market. This overall rating is calculated on the basis of the place of the Bank in each of the three components of the ratings are built on three clear criteria: – the volume of Bank operations on purchase and sale of foreign exchange to other market entities and the NBU (the proportion of places in this rating in the calculation of the overall rating is 50%), – the volume of operations with clients on buying and selling of foreign currency (share of place in this rating – 30%), the Bank’s total assets (the proportion of the place in this rating – 20%).
Currency intervention in the form of a request for the best rate is the most effective tool for smoothing out the functioning of the interbank foreign exchange market, says NBU.
At the same time, the national Bank continues to intervene in the form of currency auction, and in the form of interventions under a single course.