meta_id 3376608

On July 17, 2026, the Council of the Central Bank of Montenegro (CBCG) passed a decision amending the Decision on Core Elements of the Payment Orders for Executing National Payment Transactions Via Transaction Accounts. The amendment modifies Annex 2, column 14 of the original decision (Official Gazette of Montenegro 48/14) to clarify requirements for the urgency indicator in payment orders. The urgency indicator identifies transfers processed through the payment system for instant credit transfers. Under the amended provisions, the payer may optionally populate the urgency indicator when initiating a transfer. When a payee requests execution through the Real-Time Gross Settlement (RTGS) system, the urgency indicator shall be entered in the designated field. The field remains optional for both payers and payees when transferring funds. The amendment specifies that the urgency indicator is a single character "X" and clarifies that it may be entered by either the payer or payee, depending on the circumstances of the transaction. This amendment addresses technical specifications for national payment transactions conducted through transaction accounts, ensuring clarity on how payment service providers and users should handle urgency indicators in payment orders. The modification aligns with the Central Bank's authority under Article 44, paragraph 2, item 3 of the Central Bank of Montenegro Law and Article 66 of the Payment System Law. The decision entered into force on the date of its publication in the Official Gazette of Montenegro. Payment service providers and other relevant parties should ensure compliance with the updated requirements for processing payment orders with urgency indicators.