Regulatory Alerts1999-11-23 | Resolución 099/99Added · Updated
Resolution 099/99 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 Resolution 165/97. The regulation establishes that authorized financial institutions (EFAs) may voluntarily channel payments for goods and related services, subject to a maximum debt limit of 60% of their accounting equity and a maximum instrument term of five years. It defines prohibited transactions, including capital movements and triangular trade, and imposes specific debit mechanisms for non-compliance, such as charging 100% of the amount for inadmissible operations or unpaid balances at LIBOR + 4%. Authorized institutions must sign an Operation Contract by December 31, 1999, and the new regulation enters into force on January 3, 2000.
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