Regulatory Alerts2018-01-01
Decision on the Purchase and Sale of Convertible Marks by Commercial Banks
The Central Bank of Bosnia and Herzegovina issued this Decision to regulate the purchase and sale of convertible marks (KM) with commercial banks, specifying procedures for EUR and non-EUR currencies. It mandates that requests be submitted via the Electronic Interbank Money Market (EMTN) platform by strict daily deadlines, with late submissions subject to rejection or special approval. The regulation also outlines the creation of settlement notes, reserve account blocking, fee calculations, and the effective date of October 1, 2018.
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