Regulatory Alerts2023-09-12
Decision on the Calculation, Collection, and Payment of Interest by the National Bank of Serbia
The Executive Board of the National Bank of Serbia issues this decision to establish standardized rules, timelines, and formulas for calculating, collecting, and paying interest on loans, deposits, required reserves, and securities. It mandates monthly interest calculations by the fifth business day and collections or payments by the eighth, while also specifying daily calculations for overnight liquidity loans and excess deposits using a simple interest formula based on a 360-day year. The regulation further details interest computations for required reserve balances, defines business days for interbank payments, and officially repeals the previous 2004 decision upon taking effect eight days after publication.
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