Regulatory Alerts2016-01-12 | RESOLUCIONES DE DIRECTORIO N° 007/2016Added · Updated
Board Resolution No. 007/2016
The Board of Directors of the Central Bank of Bolivia approves investment guidelines for the management of the Foreign Currency Liquid Asset Requirement Fund (RAL-ME), effective July 1, 2016. The resolution authorizes investments in US dollars within specific countries, mandates a benchmark index, and defines permissible instruments, credit ratings, and concentration limits. It establishes a maximum portfolio duration of 0.6 years, requires primary dealer intermediation, and assigns management to three delegated administrators holding one-third of the fund each.
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