Regulatory Alerts1995-01-30
Instruction No. 95-01 of January 30, 1995 amending Instruction No. 94-06 regarding the accounting for asset transfer or securitization operations
The Banking Commission issued Instruction No. 95-01 to amend Instruction No. 94-06 by adding Article 7 bis to establish specific accounting treatments for additional cash remittances. The regulation mandates that such cash remittances be recorded under specific debtor or creditor accounts, with related interest charges or products recognized on a time-proportionate basis. It further specifies that additional remittances made in the form of bills or securities must be recorded under specific collateral value accounts.
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