презентация умвб газ English blue

1. Trades on Forwards
for gas delivery
at the platform of “UCE
Contract House" UICE "
2015
Ukrainian Interbank Currency Exchange UICE

2. 2
The consumption of the natural gas by all categories of consumers in Ukraine is about 40
billion m3 per year at the moment.
 Main players:
• PJSC "NJSC" Naftogaz of Ukraine "- 87% of the market delivery,
• private mining companies - 8% of the market delivery,
• Collaboration between the private mining companies PJSC "Ukrgasdobycha" and
OJSC "Ukrnafta" - 5%.
• Problems of the gas market: almost 100% monopoly of state-owned companies,
which are part of PJSC "NJSC" Naftogaz of Ukraine "in the markets of production and
delivery, is the result of, the price and tariff regulation by the State. The Preference of
privacy, opacity and baseless of state companies to the State, which puts all the
other players into the unequal conditions with monopolists. The lack of market
pricing mechanism and the absence of implements in the market. As a result of this
is an excessive imbalance and distortion of the market in the direction of the
monopolists. Restrictions for market players and consumers freedom of choice of
supplier.
The gas market in Ukraine UICE

3. 1. Guaranteed delivery for the Buyer
2. Guaranteed payment for the Seller
3. Hedging of the price
4. No need for the identification of: the buyer –by all sellers, and sellers
– by all buyers
5. Transparent pricing
6. Liquidity of a market
7. Access to trade from anywhere in the world by the Internet
* CD UICE has many years of experience in energy trade, the volume of sales in the last year exceeded to 15
billion UAH.
3
Gas trading on UICE * gives the following Advantages UICE

4. Payment
Central
contemporary
UICE
FORWARDS
Proposed scheme for gas market functioning UICE
4
Traders
and
gas companies
Traders
and
Consumers
Gas

5. Seller
Exchange / Central
Counterparty (CC)
Buyer
The
announcemet
and
preparation of
bidding
holding a
tender
Making
transactions
and
calculations
Guarantee fee of 20% on
account of the Central bank
Preparing the proposal –
registration of applications
to SET
Provides Exchange
documents for
accreditation + resource
reference
Preparation of demand - the
registration of applications
to SET *Generates contracts and
publish them in the Internet
Accreditation and
registration of participants
Trades and identifying of the buyers
Processing of the results and
generate output documents (the
Extract from the Registry of
concluded exchange contracts)
Gas delivery to the Buyer (+
act)
The signing of the sales contract
Payment for clearing
100% payment or every ten
days
Provide the package of
documents for accreditation
to the Exchange
The general scheme of preparation and tendering UICE
5
CC
Payment for clearing
* SET - the system of electronic trading UICE
Payment of commission to
the Exchange
Commission payment to the
Exchange

6. 1. The accreditation
2. Bidding (up to 24 the number of OT-1 *)
3. Clearing and fulfillment of obligations
6
The main stages of the Exchange trading UICE
On forward contracts for the delivery of gas:
* T-1 - the month preceding the delivery month

7. 7
Accreditation
1. Identification of the customer (founder)
2. The establishment of relations (application for accreditation + application for clearing):
Client - Exchange an agreement on the organization and conduction of
trading (= the application for accreditation is the
contract of adhesion)
36 UAH - only in case of the conclusion of the
forward contract
Client-CC a contract for cleaning services, offset counterclaims
(application for clearing = contract of adhesion)
0.4% (for all apart from the consumers of gas) and
2.4% (for gas consumers) from the price of the
contract of sale, only in case of the contract
singing
Client - Exchange an agreement on fulfilment the Client's obligations to
the Exchange (the commission payment) and CC
(clearing fee, delivery and payment)
In the amount of 1476 uah. per 1 forward
contracts (1000 m3), when the price is
changed up to 3%, the variation margin in the
amount of up to 10 000 UAH. For 1 client is not
required
3. Getting the right to participate in the auction
A) lease of brokerage site B) a contract for brokerage services
100 UAH per year; credit period - 5 banking days from the
date of signing the contract
broker fee - 1% of the amount of contracts shall be paid at the end
of each trading day
availability an employee DS with access to the system The client gives the orders to the broker by e-mail in scans in a
standard form: sell cheaper than. ... The Volume ... till ....
Accreditation and admission to trading UICE

8. Admission to trading
Sellers must Provide resource certificate confirmed by UTG
or the same as the buyers
Buyers must Provide a certificate of no debts to gas suppliers
provision in the amount of 1476 UAH. per contract
Responsibility
for F.C
The contract with the ten day
payment
Decpay
Contract with a 100% prepayment
Рrepay
Seller 1. Sign the contract of sale up to 25 T-1 *
2. Enter in the books of balance
3. Deliver the gas
buyer 1. Sign the contract of sale up to 25
T-1
2. Pay 1/3 up to 9, 19, 29 T **
1. Sign the contract of sale up to 25
T-1
2. Pay 100% up to 28 T-1
Return the guarantee fee to the Buyer
on T + 1 ***
Transfer of guarantee fee after
additional payment
8
Accreditation and admission to trading UICE
* T-1 - the month preceding the delivery month
T ** - month delivery
*** T + 1 - the month following the month of delivery

9. CC
А
E
DС
В
7350
1476 UAH. /
res.warrant +36 UAH.
Block in the amount
1 440 / res.warrant.,
UAH debt off 36.
1512 грн
1476 uah.
1476 uah.
Block 1440 /
res.warrant.,
debt off 36 UAH.
Unit 1440,
debt off 36
36 free
Available 1440
debt off 36 + 36,
Delta 150
Unit 1440,
debt off 36
9
Trading session UICE

10. 10
The content of the application system Обеспечение, изменения
А Application for sale 1 FK for 7400 UAH with VAT 1476 UAH / USD res.spravka +36
B Buying 1 FK for 6800 UAH with VAT 1476 UAH
C Application for sale 1 FK for 7200 UAH with VAT 1476 UAH / USD res.spravka +36 - unit at
all, written off 36 USD
D Buying 1 FK for 7250 UAH with VAT 1512 грн = 1476 + 36 – блок на 1440,
списано 36, свободно 36
Concluded 1 FK .: With CC, CC D (for 7200 UAH with VAT)
E Buying for 7350 UAH with VAT UAH 1476 - 1440 block, written off 36
D Application for sale of 7350 UAH with VAT free in 1476, written off 36
Concluded 1 FK The Central Committee, the Central Committee
of E (for 7350 UAH with VAT)
D shall pay the CC 7200 and CC to pay HD +7350, mutually have to put 1 000 m3 of gas - transfer counter claims of
the date of execution of 25 T-1 (date of expiry) - Art. 601 of the Civil Code
Trading Session UICE

11. The initial state
of the trading
account
Account balance
Payment Exchange
and the Central
Committee
arisen
rights and
obligations
The actual price /
warranty
А 1476 UAH / USD
res.spravka +36
Also 0 UAH - -
B 1476 грн 1476 грн 0 грн - -
C 1476 UAH / USD
res.spravka +36
Block to 1476
UAH / res.
reference
Written off 36 UAH
0.4% of the sales
contract
put gas on the CC
7200 UAH
7200 - 36 - 28.2 =
7135.8 UAH =
guarantee
payment
D 1512 UAH 1440 UAH Written off 72 UAH CC D pays 150 UAH
(in D can sell cheaper
than bought)
78 грн - profit
Е 1476 UAH Block 1440 UAH Written off 36 UAH
0.4% of the sales
contract
Pay for gas at 7350
USD (every ten days
on 1/3)
7350 - 36 - 29.4 =
7415.4 UAH =
delivery guarantee
11
Clearing and commitment UICE

12. 12
Happening Sanctions
Failure to sign the sales
contract
The Exchange lists the margin of the Central
Committee as a penalty to the Buyer from the
seller - will charge a penalty of 20%
Payment made at decpay The Exchange lists the margin of the Central
Committee as a penalty from the Buyer
Payment made at prepay The Exchange lists the margin of the Central
Committee as a penalty from the Buyer
Supply of gas a fine of 20% from the Seller
Breach UICE

13. 13
Andrey Bobyshev
Member of the Exchange Council
Ukrainian Interbank Currency Exchange
tel .: +38 (044) 379-10-01
e-mail: abobyshev@uice.com.ua
Anton Kaminsky
Executive Director
Universal Commodity Exchange
"Contract house" UICE "
tel .: +38 (044) 461-54-34
e-mail: kaminsky@uice.com.ua
Inna Yanovska
Legal Department
Ukrainian Interbank Currency Exchange
tel .: +38 (044) 379-10-01
e-mail: iianovska@uice.com.ua
Contact Information UICE