Regulatory Alerts2025-04-02
Added · Updated
Guidelines for Implementing the Decision on Terms and Conditions of Performing Foreign Payment Transactions
The Governor of the National Bank of Serbia issues these guidelines to detail the implementation of the Decision on Terms and Conditions of Performing Foreign Payment Transactions. The document mandates that banks strictly adhere to specific accounting standards, reporting schedules, and code lists when processing foreign exchange payments, collections, and transfers between residents and non-residents. It establishes comprehensive procedural requirements for handling various transaction types, including documentary credits, cheques, and credit repayments, while defining the respective roles and obligations of beneficiary and paying banks.
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