Changes to the Interaction Procedures between PJSC “Settlement Center” and PJSC “Stock Exchange PFTS” took the effect on November 23, 2015. These changes gave members of PFTS the possibility to carry out transactions in favor of securities issuer on DVP principle. It concerns IPO and also issuer’s transactions on secondary market.
“Given changes are not only to eliminate risks of Free Delivery contracts, but also will permit the issuers, as clearing participants, use additional services of PFTS”, Bohdan Lupit, Chairman of Board, PJSC “Stock Exchange PFTS” noted.
Board of PJSC “Stock Exchange PFTS” amended some documents on conclusion of stock exchange contracts with participation of CCP to ensure execution of the Procedures.
PJSC “Stock Exchange PFTS” is one of the biggest securities trading organizers in Ukraine. It was established in 1996. It is uncontestable leader on the market for more than a decade. At the beginning of 2016, there were 74 professional participants of securities market-members of stock exchange (leading investment companies and banks). PFTS is a Correspondent of World Federation of Exchanges and a member of International Association of Exchanges in CIS countries. PFTS Index is an official index of Ukraine in S&P Emerging Markets since 1997. At the end of 2015, 37 Ukrainian banks, 30 individuals and 77 legal entities-non-banks were shareholders of PFTS.