Regulatory Alerts1999-12-07 | Resolución 110/99Added · Updated
Resolution 110/99 Authorizing Asset Acceptance in Payment for BBA Credit Line Cancellation
The Board of Directors of the Central Bank of Bolivia authorizes the acceptance and accounting registration of assets offered by the Boliviano Americano Bank (BBA) in payment to cancel a restricted credit line valued at US$9,645,375.83. The administration must verify that these assets are received according to the valuation rules specified in the credit contract dated September 22, 1999, and may request documentation or substitute assets if necessary. The President is authorized to sign the respective contract with the BBA's Selling Agent, while the Presidency and General Management are responsible for executing this resolution.
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