Short-term liquidity loan auctions

Under the Decision on Terms and Conditions of Granting Short-Term Liquidity Loans Against Collateral of Securities, the NBS may approve to banks dinar liquidity loans with the maturity of up to one year.

The loans are extended at auctions against a collateral of dinar-denominated securities, with no foreign currency clause and of minimum 90-day maturity. The securities may be issued by the NBS, Republic of Serbia, international financial organisations and development banks or financial institutions founded by foreign states, with a credit rating of “AAA” as assigned by Standard&Poor’s or Fitch-IBCA and/or “Aaa” as assigned by Moody’s, or by domestic companies with a solvency rating of minimum “(B) very good solvency” as assigned by the Serbian Registers Agency or with other solvency/creditworthiness rating equivalent to “(B) very good solvency”.

23/05/2014 Suspension of Short-Term Dinar Liquidity Loan Auctions

As of June 2014, the NBS will no longer be organising regular auctions for the purposes of granting to banks short-term dinar liquidity loans against a collateral of securities. The Decision on Terms and Conditions of Granting Short-Term Liquidity Loans against Collateral of Securities will stay in force and the NBS may decide to reinstitute these auctions should the need arise.