1. General Fund Deposit Guarantee

In 1998, the President of Ukraine signed the Decree "On measures to protect the rights of individuals - Depositors of Commercial Banks", which was approved by the Regulations on the establishment of the Guarantee Fund of individuals, formation and use of resources. September 20, 2001 Parliament of Ukraine adopted the Law on the Guarantee Fund of individuals' assets, which entered into force October 24, 2001. The Fund is a specialized state agency that performs functions of state administration in the Deposit Guarantee. The main objective of the Fund in Ukraine is to protect the rights and interests of individuals - depositors of banks, branches of foreign banks. Kerivnym Authority Governing Board of the Fund is that formed by delegating to its two representatives of the Cabinet of Ministers of Ukraine, two representatives of the National Bank of Ukraine and one representative association of banks. Fund deposits of citizens which are placed in participants (temporary participants) of the Fund in local and foreign currency, including interest at the rate of deposits, but no more than 150 000. on deposits in each bank, foreign bank branches on the day become unavailable. Contributions to a rate not compensated. Investors acquire the right to receive consideration for a guaranteed amount of deposits due to shortfalls in the Fund's monetary unit of Ukraine from the day the nedostupnosti 'assets. In Ukraine the participants of the Fund are banks, branches of foreign banks, which have a banking license for the right to exercise banking activities and certificate Fund participant. OJSC "State Savings Bank of Ukraine is not a member of the Fund. Participants should CERTIFICATE Fund participant In case of violation of the participant of the Law of Ukraine "On Guarantee Fund of individuals' bank, foreign bank branch is transferred to the category of a temporary member of the Fund temporarily confirmed by Help the participant. Banks - Help tymchasovi members have a temporary member of the Fund The Fund does not reimburse the guaranteed amount for deposits of individuals in the bank, foreign bank branch transferred to the category of temporary member of the Fund, if these deposits were attracted him to give notice of his transfer to the category of a temporary member of the Fund. After transferring to the category of temporary participant bank, foreign bank branch must be warned in writing of individuals at the conclusion of agreements with them to attract new deposits, the fact that the Fund does not guarantee reimbursement for these deposits. Twice a year the Fund publishes in the official media registry participants (temporary participants) of the Fund. Information about changes in the roster publikuyetsya additionally within 14 calendar days after a change.

2. Tasks and supervisory functions guarantee fund individuals

fund deposit guarantee bank

Fund is a legal entity with separated property, which is state property and is in its complete management. The Fund is an economically independent institution, which has no profit, has its own balance sheet, current and other accounts with the National Bank of Ukraine. The work of the Fund by the Constitution of Ukraine, current legislation and acting under the provisions of the Deposit Insurance Fund of individuals approved by the Cabinet of Ministers of Ukraine and National Bank of Ukraine. Main activities are:

- Protect the rights of individuals - depositors - Participants (temporary participants) of the Fund through reimbursement of funds due to its holdings, including interest, if funds become unavailable;

- The implementation of organizational and management action to ensure payment to depositors of amounts of compensation for losses;

- To supply and accumulation of charges from the banks - participants (temporary participants) of the Fund and other funds allocated for compensation of losses;

- Ensuring the proper use of funds in the accounts of the Fund.

Fund according to its tasks:

1) indemnify each depositor in the bank - member (temporary member) fund losses in the amount stipulated under the Law of Ukraine "On Guarantee Fund of individuals";

2) conduct the tests:

- The accuracy of calculations and control the timeliness and completeness of transfer fees banks - participants (provisional members) of the Fund;

- The activities of banks - participants (temporary participants) of the Fund, including with the involvement of independent experts for this purpose due to its funds;

3) participates in assessments conducted by the National Bank, on matters within the competence of the Fund;

4) violates the National Bank of the application to the banks - participants (temporary participants) of the Fund of enforcement measures in case they violate the Law of Ukraine "On Guarantee Fund of individuals";

5) applies directly to the banks - participants (temporary participants) of the Fund's actions, under the Law of Ukraine "On Guarantee Fund of individuals";

6) provides the use of own funds for their intended purpose;

7) derives from the National Bank the information necessary to fulfill the Fund functions under the Law of Ukraine "On Guarantee Fund of individuals and these Regulations (hereinafter - the Fund's function);

8) defines the required reporting forms for banks - participants (temporary participants) of the Fund;

9) publish in the official media: twice a year at 1 January and 1 July report on its activities, the roster of banks - participants (temporary participants) of the Fund within one month after the deadline;

10) shall submit an annual report together with the audit report to Cabinet of Ministers of Ukraine and National Bank by 1 July of the year following the reporting;

11) sets of banks - participants (temporary participants) of the Fund in the manner determined by mandatory standards - requirements concerning their membership in the Fund;

12) engages in the manner prescribed by the Law of Ukraine "On Guarantee Fund of individuals, loans from the Cabinet of Ministers of Ukraine in cash or government securities, National Bank, other banks and foreign creditors in cash;

13) shall respect the right of the creditor banks - participants (temporary member) Fund the full amount to be recovered from day become unavailable;

14) derives from the liquidator of the bank - member (temporary member) fund information and statutory documents required for the performance of functions by providing compensation for losses;

15) ensures compliance with the requirements of the bank secrecy of information obtained from the National Bank, Bank - Member (temporary member) Fund and the liquidator of the bank - member (temporary member) Fund.

To carry out its powers Fund carries out inspection of banks, including through the involvement of independent experts at their own expense. ............