Regulatory Alerts2016-03-15 | CD-SIBOIF-933-1-MAR15-2016Added · Updated
Norm on Reform to Articles 24 and 29 of the Credit Risk Management Standard
The Board of Directors of the Superintendence of Banks and Other Financial Institutions amended Articles 24 and 29 of the Credit Risk Management Standard to include Certificates of Credits for the Transformation of Coffee Growing (CCTC) as eligible liquid guarantees. These instruments are valued at 100% of their nominal value, subject to a coverage limit of 30% per credit and a maximum of US$ 10,000.00 per producer. The regulation applies to financial institutions supervised by the SIBOIF and entered into force upon notification on March 15, 2016.
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