Representatives of State Commission on Securities and Stock Market (SCSSM) yesterday reported that before the end of the year the share of barter in trade turnover of enterprises can achieve 20-25%, which is fraught with the loss of the banking system of about 155 billion UAH. Therefore, the stock market regulator proposed to improve the circulation of promissory notes as an alternative money payment. To oblige the Commission to conduct a transaction with notes on selected sites in the stock exchanges, said a member of SCSSM Nicholas Burmaka.

We set the task to organize and centralize trade bills. Before the end of this year, a decision will be reviewed by committee - said Mr. Burmaka. This allows traders to control the authenticity of bills, notes freelance adviser SCSSM Tatiana Rudnenko.

Transactions with Bills on PFTS not been since 2003, although only in 2008, the turnover of bills on the informal market was 191.84 billion UAH, or 20,2% of GDP. Therefore, additional requirements will be developed for operations with these securities, which benefit all, believe in the committee. Banks do not need to reserve 100% of transactions in these securities, since it will be possible to focus on their value, - said Mrs. Rudnenko.

will also be an agency that will collect information about the issuers are not fulfilled obligations on bills of exchange. Most likely to be a structure similar to a credit bureau, but with other functions. It will keep a register of protested bill, - said Tatiana Rudnenko. This practice has been operating in Latvia and Russia. In Ukraine, such a structure, most likely, will also provide documentary evidence to the conclusion of participation in the auction.

It is not that the Commission now proposes to establish an analogue of the Bureau of Credit Histories. This information must be somewhere to meet and be accessible to all interested parties. This may be different options, - emphasized Mykola Burmaka.

Stock Exchange does not refuse to trade in promissory notes. Any new financial instrument, which is in demand, always interesting, - noted the Head of Information and listing PFTS Andrey Kolomiets. Deputy Chairman of the Board of the Ukrainian market Alexey Sukhorukov said that they had not yet considered the possibility of trade bills.

Commission initiative aimed at the retirement of garbage promissory notes, issued by companies that do not meet their obligations to consider the experts. Now the Commission clears the market of garbage of shares, and if there is a market for trade bills, the number of garbage bill clearly decrease. If their turnover will be streamlined, SCSSM is able to monitor the process, - believed the executive director of IC Phoenix Capital Oleg Shvets . He was confident that if the trade would need to submit information about the issuer and meet the requirements, then their number will decrease by one third. And now a bill - the cheapest dust paper, - said the broker.

Nicholas Maksymchuk

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