LLC “Ukrainian Resource Exchange” hereby informs of amendments to the Exchange’s internal documents aimed at improving risk management mechanisms in the organized commodity market, strengthening the financial discipline of trading (clearing) participants, and ensuring the proper functioning of the clearing system.
The above amendments have been introduced, in particular, to the Regulations on Obtaining the Status of an Exchange Member and the Regulations on the Organization and Conduct of Exchange Trading in the “Round Timber and Sawn Timber” Segment.
Under the adopted amendments, a unified approach to counterparty risk assessment is introduced. This approach provides for assigning a counterparty risk rating (score) to each trading (clearing) participant based on information generated in the course of exchange activities, the performance of exchange contracts, and other information stipulated by the Exchange’s internal documents.
The implementation of this mechanism is intended to strengthen the financial discipline of trading (clearing) participants, ensure the reliable performance of exchange contracts, minimize the risk of default, protect the interests of bona fide counterparties, and enhance the level of financial guarantees in the commodity market.
Starting from 17 August 2026, a counterparty risk rating system will be applied during auctions conducted in the “Round Timber and Sawn Timber” segment.
Within this system, each trading (clearing) participant will be assigned a counterparty risk rating (score), based on which the participant will be classified into one of the following risk groups: A, B, C, D, or E.
The risk rating will serve as one of the criteria for determining the applicable margin amount according to the participant’s assigned risk group, in accordance with the Margin Rates (Amounts) approved by the Exchange.
Please note that for trading participants (buyers) who submitted applications to participate in auctions for the sale of round timber and sawn timber, where the auction announcements were published by the Exchange on or before 16 August 2026 (inclusive), the applicable margin amount will be determined in accordance with the Exchange’s Margin Rates (Amounts) effective on the date the relevant application was submitted and will remain unchanged until the completion of the respective auctions.
We kindly ask all trading participants to familiarize themselves in advance with the updated versions of the Regulations and other internal documents of the Exchange and to take these amendments into account when participating in exchange trading.
The updated versions of the Exchange’s internal documents are available on the official website of LLC “Ukrainian Resource Exchange”: https://urb.ua/.
Thank you for your cooperation and trust!