Glossary

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the identification procedures for the Exchange clients according to the law of Ukraine on counteraction of the legitimization of the proceeds from crime, conclusion of a Contract for organization and conducting of Exchange trading with Exchange (adhesion contract in accordance with Art. 634 of the Civil Code of Ukraine), receiving of the accreditation status of the Participant of the Exchange trading and getting access to the Exchange trading. The Exchange’s confirmation of accreditation for Participant, conclusion of Contract for organization and conducting of Exchange trading with Exchange and receiving of status of Participant shall be deemed the Application for accreditation and broker registration (hereinafter - "Application for Accreditation") in the registered form accepted by the Exchange with the Mark of Exchange about acceptance of this Application for Accreditation. The moment of conclusion of the Contract for organization and conducting of Exchange trading is the time (date) when the Exchange has put the relevant mark about acceptance of this Application for Accreditation;

underlying asset and funds;

the auction in the mode of which Participants may put orders for the purchase or sale in any moment of trading session and are allowed to amend the price and volume of their orders and to dismantle from the trading till the conclusion of the Exchange contract;

exchange trading with underlying assets and Forward contracts (derivatives) for the transfer of the underlying asset in the form of continuous double auction in the system of electronic trading (SET) on the conditions and in order, established by the regulations of the Exchange. Exchange trades are anonymous;

forward contract of a certain set according to one completed order, its part or several completed orders of Exchange Participant in SET, which is registered by the Exchange OR contract of sale of forward contracts of one set according to one completed order, its part or several completed orders of Exchange Participant in SET, which is registered by the Exchange;

previous bailment and reservation of funds and underlying asset for conduction of clearing and payment in order, established by Central counterparty/Exchange in accordance with Ukrainian law;

authorized representative of the Exchange Member who is duly authorized to conclude contracts within SET.;

infringement, untimely, incomplete, inadequate or partial default on Guaranteed commitments by the Participants of the Exchange trading;

public Viber chat, that functions as SET and represents a sum of computational means, software, data bases, means of telecommunication and other equipment, which provides opportunity for signing of contracts, sustaining, storage, processing and reviling of information, necessary for contract signing in the process of participation in online-trading from personal computers representatives of Exchange trading Participants or mobile devices with Internet access;

monetary funds that is the collateral for the following obligations of Participants but not limited to: (1) to sign /conclude an Exchange contract and/or purchase and sale contract of sale if the need for its signature specified in the relevant Regulation; (2) to deliver the goods in quantity, quality and timing, according to the concluded Exchange contract(s); (3) to pay for the goods, property, basic asset according to the concluded Exchange contract(s); (4) pay the commission in accordance with these Rules and other Exchange regulations, (5) any other obligation of the Participant(s) in relation to the Exchange and/or Central Counterparty (hereinafter - "the Guaranteed obligations"). These monetary funds shall be transferred to the Exchange and/or Central Counterparty under the terms of these Rules, Clearing Rules and relevant Regulations. The property rights on the Guarantee deposit belong to the Participant(s) until the Event of Defauld will has happened or transferring of theses funds to the Participant(s) or Central Counterparty as a prepayment / payment under the Exchange contracts or Purchase and Sale Contract;

transfer of funds, which is conducted by the Exchange in order, established by the Trading Rules, in order to ensure the completion of settlements for Exchange Contracts;

a mixed agreement concluded between the Clients of the Exchange which have become Participants, which regulates their rights and obligations concerning organization, conduction and participation in Exchange trading and consists of Rules, relevant Regulation with all annexes, Proposals for the organization and conduction of Exchange trading (if any), application for accreditation of the Participant accepted by the Exchange and other documents and transactions carried out according to the, relevant Regulations, procedures prevailing in the Exchange trading practice;

electronic digital signature

electronic graphic picture of the seal and signature of the authorized person on ther scanned document OR electronic display of the signature (first name, surname and middle name) of the authorized person sent by the email, or by the means of telecommunication networks of common use OR correctly inseted into SET login and parol of Participant;

Electronic document submitted by the Participants of Exchange trading and signed by his electronic digital signature or electronic signature, containing an unconditional offer to conclude Exchange contract under the terms of the submitted Order and in accordance with these Rules. The fact of submitting of Order and time of its receipt is registered automatically in SET and displayed in the registry of the Participant in the SET. Each order submitted within SET, is assigned a unique identification number by the Exchange in the Register of Orders. Each registered order is the concent of the Participant to conclude and fulfil the Exchange contract under the terms expressed in such Order, according to relevant Regulation and these Rules. The Order is considered as signed correctly with electronic signature of Participant, if SET has accepted successfully inserted login and parol of Participant by the means of telecommunication network of common use;

a person who wants to use of the Exchange’s services of organization and conducting of exchange trading;

these Rules, Clearing Rules, all relevant Regulation(s) of the relevant exchange trading and all other documents approved by the Exchange in accordance with the Charter;

commands, documents, message and/or information, on the basis of which clearing is conducted, which are provided by the Central counterparty to the clearing participants or by the Exchange in the form of the e-document and is issued in the form, established by the internal documents of the Central counterparty and corresponding agreements;

the Client that bought a share of statutory capital of the Exchange (share) according to the Charter of the Exchange and received the ownership on the right to participate in the Exchange trading;

an integral part of these Rules and the Contract for organization and conducting of Exchange trading in which the Exchange specifies special terms and conditions of payments, delivery of goods, property, basic asset, and other conditions which are obligatory for fulfilment by all Participants. Regulation of relevant exchange trading shall be approved by the authorized body of the Exchange, published on its Official website. The certified copy of the relevant Regulation shall be granted to accredited Participants of Exchange trading in the case of their written request;

specially organized by the Exchange market for buying goods and property from the seller, who offered the lowest price;

banking establishment, in which current accounts of Exchange are opened;

the information and trading system(s) that exists as a set of computational tools, software, databases, telecommunications and other equipment, which provides the possibility to conclude the Exchange contracts, support, storage, processing and disclosure of information, required for concluding the Exchange contracts during participation in the Exchange trading in the Internet Browser with due Internat connection;

internal accounting system of the Exchange/Central counterparty, which is utilized by the Exchange and Central Counterparty for accounting of rights and obligation of clearing participants in Exchange contracts, accounting of information regarding assets, blocked out for conclusion of these transactions, and also for accounting of guarantee deposits of clearing participants;

content of rights and obligations, which arise among the Seller and the Central counterparty and among Byer and Central Counterparty during conclusion of Forward contract of certain set.

specially organized by the Exchange market for selling goods and property in public trading to the Buyer who offered the highest price, the Seller who offered the lowest price;

Client which signed a contract for the lease of broker site and gets the right to use the right to participate in the Exchange trading;

goods, property, contracts noted in the proposals for the organization and conduct of exchange trading according to the Rules and relevant Regulations;

the client of the Exchange, which has been accreditated in accordance with the Rules of the Exchange, the relevant Regulation of the relevant exchange trading;