UCH clears rights and obligations arising from the results of exchange trading on the commodity market in the direction of "Untreated timber and lumber", in accordance with:
- Rules for conducting clearing activities of the UKRAINIAN CLEARING HOUSE Limited Liability Company;
- Regulations for conducting clearing activities in the direction (commodity market) "Untreated timber and lumber" of the clearing institution - UKRAINIAN CLEARING HOUSE Limited Liability Company.
- Information on the guarantee fee and its size (rate) is contained in the internal document UCH – Rates (sizes) of the guarantee fee (margin) of the clearing institution - UKRAINIAN CLEARING HOUSE Limited Liability Company.
Participation in exchange trading using the Single Account system is carried out at the UUEX LLC Commodity Exchange in accordance with the Temporary Regulations on the organization of a pilot project for the application of the Single Account system in exchange trading for the purchase and sale of untreated timber/firewood on the Commodity Exchange - UKRAINIAN UNIVERSAL EXCHANGE Limited Liability Company and on the commodity exchange UUEX LLC in accordance with the Temporary Regulations on the organization of a pilot project for the application of the single account system in exchange trading for the sale of untreated timber/firewood on the commodity exchange - Ukrainian Energy Exchange Limited Liability Company (hereinafter – Pilot project).
The transfer of the guarantee fee is carried out by the clearing participant in the national currency of Ukraine.
The guarantee fee is paid excluding VAT.
To make payment of the guarantee fee as a means of ensuring the fulfillment of obligations under an exchange agreement (conclusion of an exchange agreement) and ensuring payment of the exchange/commission fee to the commodity exchange in accordance with the Pilot Project of the relevant commodity exchange, the clearing participant (trader) must replenish his clearing account in the UCH clearing accounting system by transferring funds to the UCH bank account using the details specified in the account generated by the ETS of the relevant commodity exchange and/or the clearing accounting system, with the mandatory indication in the purpose of the payment:
For UUEX LLC:
«UAH-0000000000; UTSD; payment of a guarantee fee to replenish the clearing account and block funds on the Exchange in the direction of "Untreated timber and lumber", excluding VAT",
where:
UAH-0000000000 – Currency ID and clearing account number (EDRPOU code) of the clearing participant;
UTSD – identifier of the commodity exchange (electronic trading system) UUEX LLC.
For UEEX LLC:
UAH-0000000000; UEEX; payment of a guarantee fee to replenish the clearing account and block funds on the Exchange in the direction of "Untreated timber and lumber", excluding VAT",
where:
UAH-0000000000 – Currency ID and clearing account number (EDRPOU code) of the clearing participant;
UEEX – identifier of the commodity exchange (electronic trading system) UEEX LLC.
To make payment of the guarantee fee, as a means of ensuring the conclusion of purchase and sale contracts for untreated timber/firewood/forwards based on the results of the auction for the sale of untreated timber/firewood, as well as to ensure payment of the exchange/commission fee and a guarantee fee, as a means of ensuring the conclusion of contracts for the purchase and sale of untreated timber/firewood based on the results of the auction for the purchase of untreated timber/firewood, as well as to ensure payment of the exchange/commission fee, the clearing participant (auction participant - buyer / auction initiator (for auctions for the purchase of firewood, the auction initiator is exclusively a resident of Ukraine)) must transfer funds to the current account of the UCH using the details specified in the account generated by the ETS of the relevant commodity exchange and/or the clearing accounting system, with the mandatory indication of the purpose of the payment identical to that specified by such account.
The payment assignment for the payment instruction for the transfer of the UCH by the clearing participant of each individual guarantee fee is formed according to the following formula (except for exchange trading organized in accordance with the pilot project for the application of the single account system):
"commodity exchange identifier (electronic trading system) - trade number - clearing participant's EDRPOU code; transfer of guarantee fee for participation in trades, excluding VAT",
where:
identifier of the commodity exchange (electronic trading system) UUEX LLC – UTSD;
identifier of the commodity exchange (electronic trading system) UEEX LLC – UEEX.
To make payment of the guarantee fee as a means of guaranteeing the fulfillment of obligations under the contract of purchase and sale of untreated timber, under which the supply of goods within the lot will be carried out by separate divisions (branches) of the bidder - seller, the clearing participant (auction participant - buyer (auction winner)) must transfer funds to the current account of the UCH according to the details specified in the account generated by the ETS of the relevant commodity exchange and/or the clearing accounting system, with the mandatory indication of the purpose of the payment identical to that specified by such account.
The payment assignment for the payment instruction for the transfer of the UCH by the clearing participant of each individual guarantee contribution is formed according to the following formula:
"Contract No.; payment of a guarantee fee as security for the fulfillment of obligations under the contract (EDRPOU code of the clearing participant), excluding VAT."
To make a payment of the guarantee fee as a means of guaranteeing the fulfillment of obligations under the concluded forward, the clearing participant (auction participant - buyer (auction winner) must transfer funds to the UCH account using the details specified in the account generated by the ETS of the relevant commodity exchange and/or the clearing accounting system, with the mandatory indication of the purpose of the payment identical to that specified in such account.
The payment assignment for the payment instruction for the transfer of the UCH by the clearing participant of each individual guarantee fee is formed according to the following formula:
"Contract No.; payment of a guarantee fee as security for the fulfillment of obligations under the forward (EDRPOU code of the clearing participant), excluding VAT."
Transfer of guarantee contributions via QR code
IMPORTANT!
Transfer:
- a guarantee fee as a means of ensuring the conclusion of purchase and sale contracts for untreated timber/firewood/forwards based on the results of the auction for the sale of untreated timber/firewood, as well as to ensure payment of the exchange/commission fee,
- a guarantee fee as a means of guaranteeing the fulfillment of obligations under the contract of purchase and sale of untreated timber, under which the supply of goods within the lot will be carried out by separate divisions (branches) of the bidder - the seller,
- guarantee fee, as a means of guaranteeing the fulfillment of obligations under the concluded forward,
- a guarantee fee as a means of ensuring the conclusion of contracts for the purchase and sale of untreated timber/firewood based on the results of the auction for the purchase of untreated timber/firewood, as well as to ensure payment of the exchange/commission fee,
is made in separate payments for each separate auction for the purchase/sale of untreated timber/ firewood (except for exchange trading organized in accordance with the Pilot Project). Payment of multiple guarantee fees in one payment is not allowed.
WARNING!
In the event of an error in the processing of the payment assignment, the clearing participant is obliged to immediately, from the moment of its discovery, contact the UCH with a written notification of the need to make corrections.