Regulatory Alerts2013-06-20
Master Repo Agreement between the National Bank of Serbia and Banks
The National Bank of Serbia issues this Master Repo Agreement to establish the legal framework for open market operations involving the purchase and sale of securities with commercial banks. The document defines key terms, settlement procedures, and haircut calculations while outlining the process for entering into one-time repo agreements through auctions or bilateral contracting. It further specifies obligations regarding the transfer of proceeds, termination rights, and default remedies to ensure the stability and proper execution of these financial transactions.
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