Regulatory Alerts2020-07-16
Decision on Terms and Conditions of Granting Short-Term Liquidity Loans Against Collateral of Securities
The Executive Board of the National Bank of Serbia issued this Decision to establish the regulatory framework for granting short-term dinar liquidity loans to banks secured by specific eligible securities. The document defines acceptable collateral issuers, mandates the use of auctions for loan distribution, and sets forth procedures for collateral valuation, pledge registration, and interest rate calculations. It further outlines enforcement mechanisms for loan repayment, including the NBS's rights to seize collateral, cancel agreements, and impose penalties in cases of default.
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