Regulatory Alerts2012-03-21
Decision on Terms and Conditions of Foreign Exchange Spot Trading between the National Bank of Serbia and Banks
The Executive Board of the National Bank of Serbia issued this Decision to regulate direct spot foreign exchange transactions with banks in the Interbank Foreign Exchange Market. The document establishes procedures for conducting spot purchases and sales of euros for dinars through fixed or variable rate auctions as well as bilateral transactions. It further mandates the use of master and special agreements, defines settlement obligations, and outlines consequences for non-compliance by participating banks.
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