Regulatory Alerts2002-04-02 | Resolución 033/2002Added · Updated
Resolution 033/2002 Approving the New Liquidity Credit Regulation for Financial Intermediation System Entities
The Board of Directors of the Central Bank of Bolivia approves a new Liquidity Credit Regulation for financial intermediation entities, replacing Resolution 033/2002 effective April 15, 2002. The regulation establishes that liquidity credits are executed via repo operations with a maximum term of 90 days, requiring entities to endorse securities to the Central Bank and cancel outstanding loans from the RAL Fund's second tranche. It defines eligible collateral, including Treasury bills, Central Bank certificates, and specific bank bonds or deposits with risk weightings of 0%, 20%, or 75%, applying premium rates ranging from 50 to 200 basis points above standard repo rates. Entities accessing these credits must adhere to strict obligations, including maintaining capital adequacy, refraining from dividend distributions, and submitting weekly liquidity reports and a 90-day business plan to overcome illiquidity.
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