Regulatory Alerts2016-03-17
Added · Updated
Instruction No. 20 (to Banks) - Modification No. 5: Issuance by Auction of Congo Central Bank Bonds (Bon BCC)
This instruction establishes the operational framework for the issuance and trading of short-term Congo Central Bank Bonds (Bon BCC) by authorized banks. It defines bond characteristics, including a minimum subscription of CDF 1,000,000, maturities of 7, 28, and 84 days, and interest rate submission rules capped at the central bank's policy rate. The document mandates electronic submission via the ATB application, outlines the adjudication committee's role in determining marginal rates, and regulates secondary market transactions through a double-notification compensation system. It also imposes monthly reporting obligations on banks regarding secondary market volumes and rates.
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