According to international practice basic tool refinancing
 The Fed uses is open market operations.  First, it
 due to the presence of large volume and very liquid market
 capital.  The European Central Bank prefers repo
 trying to ensure equal access to the broadest liquidity
 range of financial institutions.

 Bank under this Regulation for Regulation
 liquidity and to act as lender of last resort
 taking into account the current situation in the money market can be used
 the following tools:

 - Refinancing operations (permanent line for refinancing
 provision of overnight credits and refinancing up to 90
 days);

 - Repo transactions (transactions direct and reverse repo);

 - Operations with their own debt obligations (certificates of deposit
 National Bank overnight and certificates for up to 90 days);

 - Transactions with government bonds Ukraine [On the regulation
 National Bank of Ukraine liquidity Ukraine: Regulation
 approved by the National Bank of Ukraine
 30.04.2009 № 259.  - Bank.gov.ua.].