Regulatory Alerts1998-03-24 | Resolución 033/98Added · Updated
Resolution 033/98
The Board of Directors of the Central Bank of Bolivia amends Resolution 020/98 to clarify and expand the partial subrogation of deposits exceeding $5,000 held at the liquidated BIDESA bank. The amendment extends eligibility to current and savings accounts established by December 12, 1997, provided balances did not increase significantly after October 31, 1997. It restricts the subrogation amount to capital only, limits it to registered claims minus the $5,000 cash subrogation, and mandates that Certificates of Deposit Return (CDDs) be issued solely to original account holders. Additionally, it updates procedures for pledged deposits and replaces the annex regarding the assignment of rights.
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