UCH LLC provides clearing services to its clients, namely: clearing services.
Services are provided in accordance with the Clearing Agreement concluded with the Client, which has the status of a public agreement and adhesion agreement in accordance with the provisions of the Civil Code of Ukraine, and subject to its registration (acquisition of the status of a clearing member) in accordance with the procedure established by the Clearing Rules of UCH LLC and other internal documents of UCH LLC on clearing.
The form of the Clearing Agreement shall be approved by the Supervisory Board of UCH LLC, and the current version of the Agreement is available here. A bilingual (with English translation) version of the agreement is available here.
UCH LLC clears rights and/or obligations only under the following categories of agreements/transactions/deeds:
- commodity derivative contracts that are not financial instruments and are delivery contracts;
- other derivative contracts that are not financial instruments;
- commodity transactions for each type of product that is an exchange-traded commodity and is included in the Register of Exchange-Traded Commodities on commodity exchanges with which UCH LLC has entered into a clearing agreement.
The detailed procedure and conditions for the provision of clearing services are set forth in the Clearing Rules of UCH LLC and other internal documents of UCH LLC on clearing.
Information on consumer protection mechanisms (on the possibility and procedure for out-of-court consideration of consumer complaints, as well as on the availability of guarantee funds or compensation schemes applied in accordance with the legislation of Ukraine in respect of certain types of financial services and/or products):
Pursuant to paragraph 56 of part 1 of Article 1 of the Law of Ukraine “On Financial Services and Financial Companies”, a consumer of financial services (hereinafter referred to as a consumer) is an individual who applies for financial services to a financial service provider and/or intermediary or uses the services of a financial service provider and/or intermediary to meet personal needs not related to entrepreneurial or independent professional activities.
UCH LLC does not provide clearing services to individuals (consumers of financial services), and therefore, UCH LLC does not have a mechanism for protecting the rights of consumers of financial services.