Regulatory Alerts2020-09-29 | RESOLUCIONES DE DIRECTORIO Nº 103/2020Added · Updated
Board Resolution No. 103/2020 Approving the Repo Operations Regulation
This resolution approves the Repo Operations Regulation, establishing the framework for OR-BCB conducted with entities regulated by the Financial System Supervision Authority (ASFI) or the Pension and Insurance Supervision Authority (APS). It defines OR-BCB as a sale with a commitment to repurchase securities at a pre-established price and date, mandating that settlement occur exclusively through Current or Reserve Accounts at the Central Bank. The Open Market Operations Committee (COMA) is authorized to define weekly amounts, premium rates, terms, eligible collateral, and haircuts, while repealing the previous Regulation approved via Board Resolution No. 130/2003 effective immediately upon approval on September 29, 2020.
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