Regulatory Alerts2005-06-28 | Resolución 084/2005Added · Updated
Resolution 084/2005
The Board of Directors of the Central Bank of Bolivia amends Article 23 of the Internal Regulations for Operations under the ALADI Reciprocal Payments and Credits Agreement to establish maximum tenors for instruments based on credit risk ratings. Authorized institutions with ratings of AAA through AA- are permitted a maximum tenor of five years, while those rated A+ and A- are limited to three and two years respectively. Institutions rated BBB+ or lower are prohibited from operating in the agreement until they achieve at least an A- rating, and the new tenor limits take effect on August 1, 2005.
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