A first display test auction to sell assets of insolvent banks was held on Tuesday as part of preparations for the launch of the pilot operation of the ProZorro.Sales system (http://www.prozorro.sale/).

An Interfax-Ukraine correspondent has reported that the sponsor of designing the system was Western NIS Enterprise Fund: the project is being implemented on the principles of the ProZorro e-procurement system with support of the Economic Development and Trade Ministry, the Individuals Deposit Guarantee Fund, Transparency International Ukraine and the National Bank of Ukraine.

It took four months to design the electronic system: the pilot auction precedes holding trading sessions with real assets scheduled for late October.

The procedure for selling the assets from the registration of a lot to online trading, selection of the winner and loading of the sale agreement was tested. The test has confirmed the ProZorro.Sales system's readiness for real trading.

"We can say for sure that we are ready for the launch," ProZorro.Sales Project Head Oleksiy Sobolev said.

The accreditation of the platforms for the pilot project is underway.