Regulatory Alerts2019-04-01
Guidelines Implementing the Decision on Conditions and Manner of Extending Daily Liquidity Loans to Banks Against Collateral of Securities
The National Bank of Serbia issued these Guidelines to detail the operational procedures for granting daily liquidity loans to banks secured by securities collateral. The document mandates that all loan applications, pledge registrations, and repayments be conducted via a dedicated web-platform or electronic messages, specifying strict deadlines for intraday and overnight credit settlements. It further establishes the legal framework for lien management, interest calculation, and the enforcement mechanisms for collecting receivables, including the sale of pledged securities in cases of default.
Share