The National Bank of Ukraine (NBU) is planning to unite all of the Ukrainian Depositories into one Central Depository under its control.
Currently there are three Depositories in Ukraine: The MFS Depository is used for equity and corporate bonds settlements and maintains share registers issued in the electronic form and immobilised securities; The National Depositary of Ukraine issues ISIN codes for securities, issues regulatory and legislative Acts; and the Depository of the National Bank serves all settlements of T-bills. Settlement of t-bills is based on RVP/RDV principle.
NBU is in the process of preparing Articles of Association for the new Central Depository. According to NBU the charter fund will be created in amount of 80MIO UAH (16MIO USD) and NBU will hold 25% stake. The NBU invites Ukrainian banks to participate in the creation of the new Depository.