Head of the parliamentary committee for finances, tax and customs policies Danylo Hetmantsev (from the Servant of the People parliamentary faction) has proposed to introduce a new type of issue-grade securities – bank certificates.
Bill No. 1112 on amending certain legislative acts regarding financial tools of banks was registered in the Verkhovna Rada on August 29.
The bill provides for two types of bank certificates – interest and discount.
Issue of bank certificates can be single and serial.
According to an explanatory note to the bill, a bank certificate combines the properties of a bank deposit and security. It has a convenient technological mechanism for issuing and servicing.
Unlike deposit certificates, a bank certificate will exist in a book-entry form and, therefore, have convenient mechanisms for accounting and circulation in the secondary market for its holder.
