Procedure for financial security creation

Training video on the calculation of financial security – YouTube

Calculator for financial security calculation – UA.xlsx

In accordance with the Gas Transmission System Code, financial security for the fulfilment by a network user of obligations to pay for actions to resolve the daily imbalance of natural gas volumes injected to/ withdrawn from the gas transmission system is provided to the gas transmission system operator in one or more of the following forms:

– bank guarantee;

– transfer by a network user to the gas transmission system operator as financial security of funds on the basis of the natural gas transportation agreement.

Banking details for the creation of financial security by monetary funds – EN.pdf

Template for a letter on the return of funds that were transferred as financial security – EN.docx

Bank guarantee of obligations fulfilment

Calculation of the term of the bank guarantee – docx

The use of the exemplary form (sample) of a bank guarantee is advisory in nature and will facilitate the prompt processing and display of bank guarantee data on the Information Platform.

Template of bank guarantee of obligations fulfilment – docx

Template of Amendments to the bank guarantee for the fulfilment of obligations by setting out the full text of the guarantee in a new wording – docx

Template of Amendments to the bank guarantee for the fulfilment of obligations by setting out a separate paragraph of the guarantee in a new wording – docx

Sample form of SWIFT – docx

Please be informed that a bank guarantee and/or amendments to it:

• Are provided obligatory together with certified scanned copies of documents confirming the right to sign the guarantee;
• Bank guarantee and/or amendments to it are provided exclusively with a covering letter – docx 
• may be transferred in paper as follows:

1. to be sent to the address of LLC Gas TSO of Ukraine (44 Liubomyra Huzara Avenue, 03065, Kyiv, Ukraine);
2. to be left in the mailbox located in the lobby of the office building;
3. to be handed over directly to an employee.

• are accepted in electronic form with digital signature and seal in PDF and/or P7S format (including scanned copies of documents confirming the right to sign the guarantee and a cover letter) to e-mail realization@tsoua.com.

Template for a letter to agree on the return of a bank guarantee – docx

Template for a letter to agree on a reduction of a bank guarantee – docx

ATTENTION! After the expiration of the validity period, the guarantee is returned to the address of the guarantor bank.

The “Bank Guarantee Term” transaction in the Information Platform allows you to check the details of the bank guarantee.

The state of financial security can be checked when submitting nominations/renominations (subject to the creation of the draft).

To do this, highlight the line for the draft nomination/renomination and press the button “State of financial security”:

Next, upload the report in PDF: