Innovation also requires tinkering, to modify what does not work until something more appealing can be found – the first versions of Interest Rate Futures were not attractive, but later versions have succeeded.
As part of its measures to alleviate the effects of the global economic crisis, and based on the best European practices, the NBS is in the process of introducing important innovations into almost all aspects of its operations: 1. Discounting of a) securities, b) government receivables c) mortgage loans to secure additional liquidity to the banking sector.