The Ukraine National Commission on Securities and Stock Market reported that the Ukrainian Universal Exchange has transferred its clearing functions to Ukrainian Clearing House LLC (UCD), described as Ukraine’s first professional licensed clearing institution in commodity markets. UCD now exclusively performs the opening and maintenance of clearing accounts, all operations with guarantee collateral, and the accounting of rights and obligations under exchange agreements. The transition was implemented through aligning internal documents and operational processes between the exchange and the clearing institution and fully integrating the exchange’s trading system with UCD’s clearing system. The NSSMC’s Chairman, Ruslan Magomedov, framed the integration as a landmark first step toward a broader transformation of commodity market infrastructure aimed at improving the reliability and transparency of exchange operations, with the Commission supporting the adoption of international practices. The update also notes that participants experienced no complications, legal procedures were completed promptly, the first exchange transactions involving a clearing institution were concluded in January 2025, and rights and obligations under end-2024 forwards in “Unprocessed wood and lumber” were transferred to UCD.

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