Regulatory Alerts2008-09-08
Decision on Terms and Conditions of Depositing Excess Liquidity With the National Bank of Serbia by Banks
The Monetary Policy Committee of the National Bank of Serbia issued this decision to establish the terms for banks depositing excess liquidity overnight. Banks may transfer funds to a special deposit account within the RTGS system, with the National Bank of Serbia returning the funds by 10 a.m. the following business day. Interest is calculated daily based on the Monetary Policy Committee's rates and paid for all days within the maintenance period, superseding previous regulations effective from May 11, 2004.
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