Regulatory Alerts2003-08-21 | CD-SIBOIF-253-1-AGOT7-2003Added · Updated
Norm on Deferral of Capital Gains Arising from Renegotiations of CENIs Issued by the Central Bank of Nicaragua
The Central Bank of Nicaragua mandates that unaccrued capital gains from the liquidation of CENIs be recorded as a liability under account 252.01 and amortized into extraordinary income over a specified schedule: 32.37% from July to December 2003, 45.49% in 2004, 19.79% in 2005, 1.47% in 2006, and 0.88% in 2007. Financial institutions are permitted to apply the straight-line method for calculating yields on these titles if the amortization period for principal and interest exceeds one year. This resolution becomes effective upon notification.
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