TASСOMBANK has been included in the list of banks accredited to provide bank guarantees to trading participants on the Ukrainian Energy Exchange (UEEX). This decision strengthens the bank’s position in servicing energy companies and opens up new opportunities for corporate clients.
Thanks to its accreditation, TASСOMBANK can provide bank guarantees to participants in electricity auctions to cover guarantee fees to ensure fulfillment of obligations under a bilateral electricity purchase and sale contract.
"Our bank has a great deal of trust from the UEEX, and this is the result of long-term cooperation. Obtaining accreditation is an organic continuation of our partnership and a strategic step for TASCOMBANK. We are consistently expanding financial instruments for corporate clients and strive to be not only a reliable partner, but also a catalyst for their development in the context of the energy market transformation," commented Valeriy Gudzenko, Director of VIP Client Relations.
"We have already registered the first guarantees issued by TASСOMBANK for a total amount of over UAH 60 million, which confirms the bank’s practical readiness to support electricity market participants in a new direction. Together with the bank’s specialists, we have developed a product that will allow exchange trading participants to manage their liquidity more efficiently when securing their obligations," said Oleksandr Kovalenko, CEO of the Ukrainian Energy Exchange.
Among the advantages that TASСOMBANK offers to energy market participants:
- fast execution of bank guarantees in accordance with the requirements of the UEEX;
- individual approach to financing participation in trades;
- support from a team of energy and exchange expertise.
This solution creates additional financial flexibility for companies operating in the dynamic and highly competitive energy sector.