Securities administration - Serbia
Income collection
The Serbian Market does not recognise ex-date concept. All entitlements or other rights (e.g. voting) are based exclusively on record date settled positions.
There are no strict rules on determination of record date (usually set in the past) and pay-date, thus giving the issuer full discretion in determining these dates.
The coupon or maturity payment of government debt securities is executed via the CSD, therefore the pay dates are strictly defined and carried out via the CSD.
Interest payment | Market Record Date | Ex-date | Basis for entitlement | Standard interest calculation rule |
| CBL-eligible securities | No strict rules, at the issuer/CSD discretion | n/a | Settled position on Record Date | 30/360 |