The National Bank of Serbia amended its Decision on Transactions with Financial Derivatives (Odluka o obavljanju poslova sa finansijskim derivatima, “Official Gazette of the Republic of Serbia”, No. 85/2011) to allow Serbian resident legal entities to enter into cross-border transactions with non-deliverable commodity derivatives under the condition that the transactions are entered into for the purpose of managing the commodity price risk.
The amendment thus paves the way for introduction of non-deliverable commodity futures to the Serbian financial market, whereby the parties would be settling the difference in the price of the underlying commodity. Read more
