Chernihiv region 11.06.2026. Start at 08:30. Additional auction using the Single Account system and Dutch auction technology for the sale of unprocessed timber leftovers from 3-4 quarter 2025 and the first quarter 2026: Branch of the Northern Forest Office, Chernihiv Forestry

PLEASE NOTE! When making a guarantee deposit, it is MANDATORY to indicate the FULL purpose of the payment according to the invoice for correct and timely crediting of funds.

Dear participants in the trading session for the sale of unprocessed timber!
Ukrainian Universal Exchange LLC (EDRPOU code 25158707), with the assistance of the Agent Chernihiv Regional Agro-Industrial Auction House LLC (EDRPOU code 44281234) is conducting an additional auction for the sale of unprocessed timber leftovers from 3-4 quarter 2025 and the first quarter 2026 from the forest districts of the Chernihiv region of the “Northern Forest Office” Branch of the State Enterprise “Forests of Ukraine,” using the electronic trading system of UUB LLC: https://utsd.uub.com.ua/ (hereinafter – ETS)
The auction is conducted using a risk-oriented approach to determining the amount of security deposits based on a counterparty risk assessment system.
Date and time of the auction:
June11, 2026, from 08:30 to 08:45

Seller: “Northern Forest Office” Branch of the State Specialized Economic Enterprise “Forests of Ukraine”
Forest District: Chernihiv

Auction increment: 1% (one percent) of the lot’s starting price.
ATTENTION!
The auction is conducted using the SINGLE ACCOUNT system in accordance with the Provisional Regulations on the Organization of a Pilot Project for the Application of the Single Account System in Exchange Trades for the Purchase and Sale of Unprocessed Timber/Firewood on the Commodity Exchange - UUB LLC (hereinafter – the Temporary Regulations). The Temporary Regulations can be viewed at the following link: https://www.uub.com.ua/dokumenty/vnutrishni-dokumenty-birzhi/, and in accordance with the Pilot Project of the clearing house – UKD LLC regarding the introduction of a risk-based approach to determining the amount of margin requirements based on a counterparty risk assessment system for the sector (commodity market) “Raw Timber and Lumber” (Section 8 of the Regulations on Clearing Activities for the (commodity market) “Raw Timber and Lumber” of the clearing house – UKD LLC, published on the official website of UKD LLC at: https://www.uaclearing.com.ua/dokumenty/
ATTENTION!
The auction is conducted using the Dutch auction method!
If the bidder wins the auction, they are required to sign the auction certificate and the purchase and sale agreement within 5 business days, which will be available in the auction results after its completion, by applying an electronic signature. If the documents are not signed within the specified period, the transaction will be automatically canceled.
To participate in the auction, you must:
1. Register with UUB LLC and sign the Application for Accession to the Clearing Services Agreement with the Clearing House – UKD LLC.
(Information on the accreditation procedure is available at https://www.uub.com.ua/akredytatsiya/neobroblena-derevyna/)
2. Submit an Application for Accession to the Provisional Regulations via the Exchange’s ETS, with the mandatory electronic signature of the bidder’s broker.

3. Top up your clearing account in the clearing accounting system of UKD LLC to ensure the required amount of funds within the available balance of the security deposit for use in relation to UUB LLC, which covers the amount of the security deposit as a means of securing the fulfillment of obligations arising for the participant in connection with their participation in the auction, as established by UKD LLC.
To ensure the fulfillment of obligations under exchange agreements concluded at UUB LLC based on the results of the auction for the sale of unprocessed timber leftovers from 2025 and the first quarter of 2026 in the Chernihiv region, using the single account system and to ensure payment of the exchange fee, a security deposit has been established, the rate (amount) of which is determined depending on the risk group of the clearing participant (auction participant (buyer)) as of the date and time of the auction’s start and is specified in the internal document of UKD LLC – Rates (Amounts) of the Guarantee Deposit (Margin) of the Clearing Institution – UKD LLC, which is published on the official website of UKD LLC at the link: https://www.uaclearing.com.ua/dokumenty/.
Obtain information about the risk group (A, B, C, D, or E) to which UKD LLC has assigned the clearing participant (trading participant (buyer)) in accordance with the Methodology for Assessing Counterparty Risks by Sector (Commodity Market) “Unprocessed Timber and Lumber” of the clearing institution UKD LLC, which is published on the official website of UKD LLC at the link: https://www.uaclearing.com.ua/dokumenty/, can be found in the trading participant’s personal account in the Exchange’s ETS.
Funding of the clearing account in the clearing accounting system of UKD LLC is carried out by transferring funds to the bank account of UKD LLC using the details specified in the invoice, with the following mandatory payment description:
“UAH-0000000000; UTSD; payment of a guarantee deposit to replenish the clearing account and block funds on the Exchange under the category “Unprocessed timber and sawn timber,” excluding VAT,”
where: UAH-0000000000 – currency ID and clearing account number (EDRPOU code) of the clearing participant; UTSD – identifier of the commodity exchange (electronic trading system) of UUB LLC.
Attention! When making a security deposit, you must specify the FULL payment description to ensure correct and timely crediting of funds.
The security deposit must be transferred by the trading participant to the bank account of LLC “UKD” prior to the trading participant submitting a price offer (bid) during exchange trading in accordance with the Provisional Regulations.
The auction participant independently determines the amount to be transferred to their clearing account, taking into account their expectations regarding participation in the auction and the corresponding rate (amount) of the security deposit established by UKD LLC for each risk group of clearing participants.
The data processing fee is paid to the Agent’s account by auction participants (buyers) based on the results of their participation in the auction for the sale of unprocessed timber, in the event that a participant (buyer) submits price offers (bids) during the auction, in the amount of 500.00 UAH with VAT, based on the invoice issued, which is generated in the Exchange’s ETS.
If the parties fail to conclude an exchange agreement resulting from the exchange trading, or a purchase and sale agreement for unprocessed timber/firewood, within 5 (five) business days starting from the business day following the date of the relevant auction, the exchange agreement, the results of the exchange trading, and the exchange (auction) certificate are automatically canceled, and the Clearing House—UKD LLC—applies risk management measures in accordance with the internal documents of UKD LLC.
ATTENTION! For clearing participants (auction participants—buyers (auction winners)) who, as of the date and time of the auction’s start, are classified in risk group E, UKD LLC has established a security deposit as a means of ensuring the fulfillment of obligations under the purchase agreement – sale of unprocessed timber/firewood (contract performance) at a rate of 20% of the contract price, which must be transferred within 5 (five) business days, starting from the business day following the auction date, to the bank account of UKD LLC using the details specified in the invoice, with the following mandatory payment description:
“Contract No.; payment of a security deposit to secure the performance of obligations under the purchase and sale contract (EDRPOU code of the clearing participant), excluding VAT.”

Participants who have submitted a purchase application agree to the terms of participation in the auction, confirm their unconditional consent to the processing of their personal data, and agree to comply with the Regulations on the Organization and Conduct of Exchange Auctions for the Purchase and Sale of Unprocessed Timber and Lumber on the Commodity Exchange - Limited Liability Company “UKRAINIAN UNIVERSAL EXCHANGE” and the Temporary Regulations, and confirm the legal significance of their actions during participation in the auction, in particular actions performed in the ETS and using the ETS, as well as their consequences.


Contact Information and Hours of Operation:
LLC “UUB”: tel. (044) 3 830 830; official website: https://www.uub.com.ua/. Monday–Friday from 8:30 a.m. to 5:30 p.m.
UKD LLC: tel. (044) 228-07-09; official website: https://www.uaclearing.com.ua/. Monday–Friday from 9:00 a.m. to 5:30 p.m.
Agent: CHOAD LLC: (067) 356-49-70; official website: https://choaad.com.ua/. Monday–Friday from 8:30 AM to 5:30 PM.

We look forward to seeing you and hearing from you!