Central Bank (CB) bills issued by the National bank are registered in a CB bills depository on the day of the CB bills auction.

The CB bills ownership is registered in the depository after the payment of the discounted amount of CB bills by banks.

The CB bills ownership based on secondary market trading is transferred on the basis of delivery versus payment (DVP), which provides final transfer of CB bills ownership in the depositоry with simultaneous transfer of funds in the Macedonian Interbank Payment System in accordance with the Instructions for settlement of transactions in issued CB bills.