Regulatory Alerts2002-07-16 | Resolución 076/2002Added · Updated
Resolution 076/2002 Approving the Regulation on Portfolio Purchase and Sale of a Call Option to Financial Intermediation System Entities
The Central Bank of Bolivia approves a regulation allowing financial entities experiencing a loss of at least 5% of public obligations in the last 15 days to sell credit portfolios to the central bank at 96% of book value. This facility is restricted to entities using the second tranche of liquidity credits guaranteed by the RAL Fund and not in regularization processes, with proceeds restricted to returning public deposits and canceling liquidity loans. Entities must submit detailed liquidity and restructuring plans, and the central bank acquires a call option to repurchase the portfolio within one year at a price adjusted for capital recoveries.
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