Regulatory Alerts2012-04-20
Decision on Terms and Conditions of Foreign Exchange Swap Trading between the National Bank of Serbia and Banks
The National Bank of Serbia issued this Decision to regulate the terms and conditions for foreign exchange swap transactions conducted with banks in the Interbank Foreign Exchange Market. The document establishes operational procedures for both auction-based and bilateral swap purchases and sales of euros for dinars, including specific rules for bid submission, pricing mechanisms, and settlement obligations. It further defines the legal framework for master and special swap agreements, outlines consequences for non-settlement, and officially repeals the previous 2010 regulation effective March 1, 2011.
Share