Regulatory Alerts2021-05-25
Decision on the Manner of Performance of Payment Transactions through the Money Account of a Legal Person Carrying out Clearing and Settlement of Financial Instruments
The Governor of the National Bank of Serbia issued this Decision to regulate payment transactions through the money accounts of the Central Securities Depository and Clearing House and specific foreign legal persons. It mandates that settlement orders for financial instruments be executed exclusively via the gross principle in the National Bank of Serbia's RTGS system, with account balances required to be zero at the start and end of each business day. The regulation also defines the execution schedule, addresses exceptions for time zone differences, and repeals the previous 2015 Decision on this matter.
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