Regulatory Alerts2000-10-24 | Resolución 078/2000Added · Updated
Resolution 078/2000
Article 10 of the Internal Regulations for Operations through the ALADI Reciprocal Payments and Credits Convention is amended to redefine the guarantee requirements for non-EFA authorized entities. The required Stand By Letter of Credit must now cover the value of issued and pending payment instruments plus the amount requested for new instruments, capped by the maximum debt limit in Article 22. Alternatively, entities may deposit US-denominated Treasury Bills or Bonds as collateral, valued at 90% of their nominal value, to secure these obligations.