Regulatory Alerts2018-04-17
Decision on Submitting Data on Interbank Money Market Loans to the National Bank of Serbia
The Governor of the National Bank of Serbia issued this Decision to mandate that Serbian banks submit daily data on interbank money market loans to enable the calculation and publication of benchmark interest rates. Banks are required to electronically report overnight and longer maturity loans exceeding one million dinars by 30 minutes after the close of transfer orders, specifying loan amounts, counterparties, and interest rates. The National Bank of Serbia calculates the BEONIA rate and other maturity-based rates from this data, publishing them on its website and financial terminals, while employing fallback quotation methods if no actual loans are recorded for six or more consecutive days.
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