About Settlement center                                                                                                                                                    UA

Public Joint-Stock Company “Settlement Center for Servicing Contracts in the Financial Markets” is a key financial market infrastructure institution in the capital markets whose operation supports the stability of the financial system and fosters trust among its participants. The Settlement Center operates in accordance with the Law of Ukraine “On Capital Markets and Organized Commodity Markets”, holds the status of a clearing institution, and performs central counterparty (CCP) clearing activities. The Settlement Center carries out its activities on the basis of two licenses issued by the National Securities and Stock Market Commission (NSSMC):

• Clearing activity for determination of obligations
  License series AE No. 263463, issued pursuant to the decision of the National Securities and Stock Market Commission No. 2093 dated 01 October 2013.
• Central counterparty clearing activity
  Issued pursuant to the decision of the National Securities and Stock Market Commission No. 49 dated 27 January 2022.

The Settlement Center ensures safe and efficient settlement both on organized markets and outside them, providing professional capital market participants with infrastructure built in line with the best international standards.

In its operations, the Settlement Center uses a modern IT and technological platform, a redundant infrastructure, and secure communication channels, enabling the continuity of clearing operations even under challenging conditions. The Settlement Center cooperates with organized market operators, investment firms, the Central Securities Depository, the National Bank of Ukraine, and other market infrastructure participants, creating a single secure environment for trading financial instruments.

The Settlement Center aims to be not only a technical service provider but also a driving force behind the development of Ukraine’s capital markets—an institution that supports the introduction of new financial instruments, improves risk management approaches, and promotes a culture of trust and transparency, focusing on ensuring that Ukrainian and international participants can operate in an environment that meets global standards.

Vision

• Clearing on organized markets and outside them
• Risk control (in line with EMIR and MiFID standards)
• Execution of settlements and/or organization of settlement processes
• Guarantees of transaction performance

Mission

• To enhance the efficiency and resilience of the financial system, promote advanced financial instruments and modern technologies to meet the needs of market participants and their clients, acting as a liquidity service hub in Ukraine’s capital markets
• A modern clearing institution and central counterparty
• A driver of market development and a leader of trust

Operating Principles

• Building relationships with clients, counterparties, and employees on the basis of maximum transparency, openness, and equal treatment
• Taking into account the risks inherent in the activities and managing them prudently
• Improving corporate governance and internal control systems
• Professionalism: ensuring employees have the knowledge and experience necessary for efficient and transparent operations, and adherence to service standards, business conduct, and professional ethics
• Timely provision to clients of necessary, complete, accessible, and reliable information about the Settlement Center and its services
• Quality control of service provision and prevention of conflicts of interest
• Protection and safeguarding of information constituting professional secrecy
• Preventing the use of the Settlement Center’s services for activities that contradict the requirements of applicable legislation