Regulatory Alerts2022-01-19
Decision on Conditions and Manner of Implementing Open Market Operations
The Executive Board of the National Bank of Serbia issues this Decision to establish the legal framework for conducting open market operations aimed at regulating banking sector liquidity and influencing short-term interest rates. The regulation defines eligible securities, participant requirements, and detailed procedures for main, longer-term, and fine-tuning operations conducted via standard or quick auctions. It further specifies the mechanics for bilateral transactions, pricing formulas, settlement obligations, and collateral adjustments to ensure monetary policy implementation.
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