In addition, we believe that the basic requirements for ensuring referred to in
 Provisions necessary to add additional conditions on the adequacy
 collateral, the determination of the discount in the calculation of the cost of
 taking into account the risks specific to the software, and
 clearly define the terms and conditions of the conclusion of the pledge.
 The need to simplify procedures and liquidity management for simultaneous
 maintaining full control over the amount of liquidity to banks.
 Simple, stable and transparent practice of instruments
 refinancing will boost confidence in the National Bank and
 strengthen the transmission mechanism of the discount rate to the prices of other
 financial assets.

 The study of mechanisms to ensure the liquidity of banking
 institutions in crisis through the use of tools
 Refinancing gives rise to the following conclusions:

 - Support for liquidity should be primarily based on
 short-term refinancing under heavy security;

 - NBU policy for choosing collateral for
 refinancing can essentially be put on the structure and development of
 banking sector;

 - Improve bank liquidity support mechanisms based on
 refinancing needs qualitative improvement of domestic
 financial markets, including government securities market [Concept
 development of domestic government securities market of Ukraine for 2009 -
 2013: Cabinet of Ministers of Ukraine of 25.03.2009 №
 316 p.  -rada.gov.ua.];

 - Recapitalization of insolvent, and troubled nedocapitalizovanim
 Banks should not be at the cost of refinancing;