Regulatory Alerts2013-05-28
Guidelines on Implementing Auction Purchase/Sale of Securities
The National Bank of Serbia issued these Guidelines to regulate the operational procedures for standard and quick auctions of securities involving repo and outright transactions with banks. The document mandates that banks utilize the NBS web platform for submitting bids and receiving auction notices, while also defining protocols for bid modification, processing, and the automatic conclusion of separate agreements upon acceptance. Furthermore, it establishes specific requirements for the clearing and settlement of monetary obligations in dinars through the RTGS system and the Central Securities Depository and Clearing House.
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