Regulatory Alerts2013-02-19
Master Agreement on the Outright Purchase and Sale of Securities
The National Bank of Serbia issued this Master Agreement to establish the legal framework for outright purchase and sale transactions with commercial banks. The document defines key terms, outlines eligibility requirements, and mandates that each transaction be formalized through a separate agreement executed via auctions or bilateral negotiations. It further specifies settlement procedures through the Central Securities Depository and establishes Belgrade courts as the competent jurisdiction for resolving disputes.
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