RegAlertRule · BNA · 4 Jul 1996
Instruction No. 05-1996, of July 5
The Governor of the National Bank of Angola issued Instruction No. 05/96 to systematically monitor short-term credit lines and strengthen central bank-commercial bank coordination. Commercial Banks must daily report utilization data—including line specification, amount, currency, exporter/importer identification, maturity date, operating bank, guarantees, and validity—to the DGR and Short-Term Debt Office. The directive takes immediate effect upon approval of Interbank and Exporter Lines by the competent authority, with copies forwarded to both reporting offices.
INSTRUCTION NO. 05/96
SUBJECT: SHORT-TERM CREDIT LINES
With a view to the timely and systematic monitoring of liabilities included in all INTERBANK LINES and EXPORTER LINES, as well as the improvement of the linkage between the Central Bank and Commercial Banks in receiving, analyzing, and controlling them; In exercise of the competence established in Article 42 of the Organic Law of the National Bank of Angola; I DETERMINE:
1- After approval by the competent authority of Interbank Lines and Exporter Lines, a copy shall be sent to the DGR and to the Short-Term Debt Office. 2- Daily, Commercial Banks shall notify the DGR and the Short-Term Debt Office of information regarding the utilization of both Interbank Lines, Exporter Lines, and Credit Lines sold by the B.N.A., which shall contain the following elements:
2.1- Specification of the Line used
2.2- The amount and currency traded
2.3- Identification of the Exporter and Importer 2.4- The maturity date 2.5- Indication of the operating Bank 2.6- Mention of any existing guarantees 2.7- Validity of the operations 3- This Instruction takes effect immediately. Luanda, July 5, 1996
THE GOVERNOR
SEBASTIÃO BASTOS LAVRADOR
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