Regulatory Alerts2016-04-28
Regulation on Guarantee Instruments and Agreements Between Licensed Financial Institutions and Kosovo Credit Guarantee Fund
The Board of the Central Bank of the Republic of Kosovo issued this regulation to standardize credit guarantee instruments and agreements between licensed financial institutions and the Kosovo Credit Guarantee Fund. It mandates specific provisions including a guarantee percentage capped at fifty percent, EUR-denominated fees, subrogation rights for the Fund upon payment, and clear procedures for suspension, termination, and arbitration. Licensed institutions must also comply with continuous information reporting obligations regarding material changes, disputes, and debtor non-payments to maintain valid coverage.
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