Page 5 - 2022 - annual report

CURRENTLY, THE EXCHANGE MARKET IS REPRESENTED
BY THE FOLLOWING MAIN SEGMENTS

Foreign exchange market

Interbank auctions for the purchase and sale of foreign currency, interbank
UZCE markets currency swap operations, as well as currency swap auctions and currency auctions
conducted by the Central Bank are held on the foreign exchange market.

The money market

The money market covers the interbank market for attracting and placing funds
of commercial banks, as well as deposit auctions of the Central Bank.

Government securities market

Government securities of the Ministry of Finance of the Republic of Uzbekistan
and the Central Bank are placed and traded among commercial banks of the republic
and other legal entities on the government securities market. Inter-dealer REPO
operations and Central Bank REPO auctions are also organized in this market.

The derivatives market

The derivatives market is currently trading currency futures contracts, according
to which the difference between the spot rate on the date of the transaction and the
rate on the last day of the transaction is paid. Trading in futures contracts is carried
out by the method of a two-way continuous auction (matching).

Integration of several exchange Post-trading services are provided
segments on one trading platform allows through the UZCE settlement and
the participants of the exchange market depository system, which ensures the speed
to effectively and swiftly manage their and reliability of their implementation.
investments. The UZCE settlement system is built on
A distinctive feature and competitive modern software infrastructures and
advantage of constructing the UZCE allows you to instantly perform settlement
exchange trading system is the presence operations.
of unique in-house trading and software The clearing system allows you to
complexes with a reliable level of protection, collect, process and record information on
ensuring the continuity of trading. transactions concluded in the UZCE trading
UZCE’s post-trading services include system, as well as clearing positions with
clearing and settlement, storage of financial instruments in the context of trading
government securities and depository participants and financial instruments.
accounting of rights to them.

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