Regulatory Alerts1998-03-03 | Resolución 021/98Added · Updated
Resolution 021/98 Approving Regulations for Operations with Deposit Refund Certificates (CDDs) for Partial Subrogation of BIDESA Deposits
The Board of Directors of the Central Bank of Bolivia approves regulations for issuing and administering Deposit Refund Certificates (CDDs) to partially subrogate deposit rights exceeding US$5,000 for depositors of the liquidating Banco Internacional de Desarrollo S.A. (BIDESA). The CDDs are denominated in US dollars, are negotiable by endorsement, and are redeemable at maturity or through early redemption auctions managed by the Open Market Operations Committee (COMA). The resolution mandates the registration of these securities with the Superintendence of Securities to allow trading on the Bolivian Stock Exchange.
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