Custody/clearing  
NOVA LJUBLJANSKA BANKA    
 
 
MONTENEGRO - Capital Market Infrastructure Summary

Central Securities Depository
Central Depository Agency of Montenegro

BIS Model
Model 1
Model 2: Certain low-value trades

Settlement Cycle
T+3

Comment
CDA acts as the CSD for Equities, Government bonds, Corporate bonds, T-bills, Commercial paper.

Key terms defined in our glossary:

Central Securities Depository
BIS Model 1
BIS Model 2
Settlement Cycle

 
The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.