The head of the parliamentary committee on finance, tax and customs policy Daniil Getmantsev (faction "Servant of the people") proposes to introduce a new type of issue-grade securities - bank certificates.
The relevant bill No. 1112 on amendments to some legislative acts regarding financial instruments of banks is registered in the Verkhovna Rada.
The draft law provides for two types of bank certificates - interest and discount. Issue of bank certificates can be single and serial.
According to the explanatory note to the bill, a bank certificate combines the properties of a bank deposit and security, has a convenient technological mechanism for issuing and servicing.
Unlike savings (deposit) certificates, a bank certificate will exist in a non-documentary form and, therefore, have convenient mechanisms for accounting and circulation in the secondary market for the owner.
A bank certificate with a slight loss of profitability can be sold to another bank or person (including on the stock exchange using mechanisms to guarantee the execution of transactions on the principle of “delivery of securities against payment”), or disposed of in any other way at a convenient time without the need for personal appeal to the issuing bank and going through a large number of bureaucratic procedures for renewing the certificate to another person.
