Regulatory Alerts2004-03-09 | Resolución 028/2004Added · Updated
Resolution 028/2004: Approval of Investment Guidelines for the Administration of the Foreign Currency Liquid Asset Requirement Fund (RAL-ME)
The Board of Directors of the Central Bank of Bolivia approves investment guidelines for the Foreign Currency Liquid Asset Requirement Fund (RAL-ME) effective July 1, 2004. The resolution mandates that investments be restricted to the United States market and currency, with counterparties required to hold specific credit ratings from Standard & Poor's. It imposes strict portfolio constraints, including a maximum average duration of 0.8 years, limits on exposure to non-bank corporations (20% total, 3% per entity), and bank corporations (60% total, 10% per entity). Additionally, the fund's delegated administration must be handled by entities with a long-term credit rating of at least A-.
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