SEP will operate 24/7 during holidays - NBU

The National Bank of Ukraine has determined the regulations for the operation of the NBU System of Electronic Payments (SEP) and the procedure for the operation of the banking system of Ukraine during the period of the end of 2024 and the beginning of 2025.

This is stated in the NBU message, the Ukrainian News agency reports.

During this period, as well as throughout 2024, the SEP will operate 24/7 with the date of the current calendar day in accordance with the Technological Regulations for the System.

At the same time, the National Bank took into account the appeal of the State Treasury Service of Ukraine to establish restrictions on work in the SEP for this institution in connection with the end of the reporting year.

In this regard:

- On December 30, 2024, the SEP continues to operate in the regular mode 24/7. The foreign exchange market of Ukraine, the depository of the National Bank and the National Bank during the depository activity of the depository institution (hereinafter referred to as the NBU depository), as well as other systems of the National Bank operate in the usual mode. Payments in foreign currency from the State Treasury Service of Ukraine through the National Bank and JSC Ukreximbank are made until 1 p.m. Settlements for payments for the repayment and servicing of the state debt between the State Treasury Service of Ukraine and the National Bank in the national currency are made until 4 p.m.;

- On December 31, 2024 and January 1, 2025, the SEP continues to operate in the usual mode 24/7, at the same time, payment and information messages from and to the State Treasury Service of Ukraine are not accepted through the SEP. The banking system of Ukraine operates in the usual mode. The foreign exchange market of Ukraine, the NBU depository, as well as other systems of the National Bank operate in the usual mode.

To ensure the uninterrupted operation of the banking system of Ukraine and proper customer service, banks are required to stock their cash desks and ATMs with cash of various denominations in advance.

The relevant regulations are contained in the Resolution of the Board of the National Bank of Ukraine dated December 20, 2024 No. 154 "On the Regulations on the Operation of the Electronic Payment System of the National Bank of Ukraine and the Procedure for the Operation of the Banking System of Ukraine during the Period of Completion of the Reporting Year".

As the Ukrainian News agency earlier reported, the NBU System of Electronic Payments is a state banking payment system that ensures interbank settlements through accounts opened with the National Bank.

The SEP belongs to the real-time gross settlement system (according to the international classification - RTGS).

The NBU is the operator and settlement bank of this system.