On 19 June 2020, the Ukrainian Parliament adopted law (draft law No. 2284) aimed at introducing sweeping new changes to regulation of financial instruments (the Law). The Law has also paved the way for a wide range of new financial instruments such as derivatives, green bonds, loan notes, and other structured finance products. Part 1 focused on new design of financial market and infrastructure matters. This Part 2 will provide an overview of new financial products which will be available for Ukrainian banks and corporates with particular regard given to close out netting and insolvency matters.