Regulatory Alerts2015-08-25 | RESOLUCION DE DIRECTORIO N° 150/2015Added · Updated
Board Resolution No. 150/2015: Approval of the Open Market Operations Regulation for Monetary Regulation Purposes with Securities Issued by the Central Bank of Bolivia or the General Treasury of the Nation
The Central Bank of Bolivia approves a new regulation replacing the 2003 framework to govern open market operations with securities issued by the Central Bank or the General Treasury. The regulation establishes the Open Market Operations Committee (COMA) to manage these operations, defines eligibility for financial entities to participate in public auctions, and sets a 2% collateral requirement for bid guarantees. It also outlines procedures for electronic bidding, adjudication, settlement within 48 hours, and imposes a 2% fine on the nominal value for settlement failures or withdrawals.
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