1. What Has Changed
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New grounds to end FX supervision:
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Receipt of funds from a non-resident guarantor bank under a guarantee covering an export contract.
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Receipt of funds from a resident guarantor bank that, in turn, has been reimbursed by a non-resident counter-guarantor bank.
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2. Why It Matters
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Streamlined compliance: Banks can terminate foreign-exchange monitoring without further documentation once guaranteed payments arrive.
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Risk protection: Encourages exporters to use international guarantees, reducing exposure to non-payment by foreign buyers.
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FX inflow certainty: Expected to lower instances of outstanding export proceeds.
3. Implementation Details
| Item | Detail |
|---|---|
| Regulation | NBU Board Resolution No. 59 (30 May 2025) |
| Effective date | 31 May 2025 |
| Scope | All Ukrainian banks supervising export-payment deadlines |
4. Context
The banking sector requested clearer rules for export operations backed by foreign guarantees. The National Bank’s amendment aligns oversight practice with international trade-finance standards, facilitating wider use of guarantees and counter-guarantees in Ukrainian export deals.
5. Next Steps for Exporters and Banks
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Exporters: Review current contracts to determine eligibility for early supervision termination under the new rules.
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Banks: Update internal procedures and notify corporate clients of the simplified closure criteria.
