Regulatory Alerts2010-11-10
Notice No. 04/2010 of November 10
The Banco Nacional de Angola issued Notice No. 04/2010 to establish the Permanent Liquidity Lending Facility, enabling eligible financial institutions with deposit accounts and mandatory reserve obligations to access overnight liquidity through repurchase agreements backed by eligible assets. The regulation mandates daily publication of the facility's interest rate, defines precise settlement calculations and eligible collateral types, and outlines specific procedures for requesting operations and managing defaults. Financial institutions may be suspended or excluded based on prudential grounds, while all transactions are executed via the SIGMA system under clearly defined eligibility criteria and fund limits.
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