Regulatory Alerts2006-08-15 | Resolución 066/2006Added · Updated
Resolution 066/2006 Approving the New Internal Regulation for Operations under the ALADI Reciprocal Payments and Credits Convention
The Board of Directors of the Central Bank of Bolivia approves a new Internal Regulation governing operations through the ALADI Reciprocal Payments and Credits Convention, replacing previous resolutions from 2001 to 2005. The regulation establishes voluntary usage for authorized financial entities (EFAs), defining permissible trade-related payment instruments while prohibiting capital movements, triangular trade, and specific credit instruments. It imposes strict limits on outstanding instrument values, capping them at 10% of an institution's reported accounting equity, and sets maximum tenors based on credit ratings ranging from six months to five years. Authorized institutions face automatic debit for non-compliance and escalating suspension penalties, including temporary bans and potential permanent exclusion for repeated violations.
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