Regulatory Alerts2016-03-17
Added · Updated
Instruction No. 6: Eligible Bills for Refinancing Operations at the Central Bank of Congo
Instruction No. 6 establishes the requirements for eligible bills to be used in refinancing operations at the Central Bank of Congo. Approved credit institutions must submit financial dossiers of beneficiary economic agents, including certified balance sheets and income statements, annually within six months of the fiscal year-end. The Central Bank analyzes financial ratios—specifically financial autonomy, repayment capacity, profitability, and general liquidity—to determine eligibility, assigning a rating code based on performance and payment incidents. Only effects from agents with satisfactory ratios and prior risk declaration are accepted as collateral, with pledge values discounted according to the assigned rating and state guarantee status.
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