Regulatory Alerts2019-03-28
Guidelines Implementing the Decision on Conditions and Manner of Extending Daily Liquidity Loans to Banks Against Securities Collateral
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 requests, collateral pledges, and repayments be executed via a dedicated web-platform or electronic messages, specifying strict deadlines for intraday and overnight credit disbursement and settlement. It further establishes the enforcement mechanisms for default, including the automatic conversion of unpaid intraday loans into overnight credits and the NBS's authority to sell pledged securities or collect debts via promissory notes.
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