Regulatory Alerts2003-10-21 | Resolución 116/2003Added · Updated
Resolution 116/2003
The Board of Directors of the Central Bank of Bolivia temporarily extends maximum liquidity credit terms for financial institutions using the first and second tranches of the Liquid Assets Requirement Fund (Fondo RAL) as collateral, allowing up to 28 days for the first tranche and 14 continuous or 20 discontinuous days for the second. The resolution also authorizes temporary liquidity credits up to 30% of the third tranche of the Fondo RAL, subject to a specific interest rate, a prohibition on granting new loans, and daily reporting requirements. Financial institutions must demonstrate exhaustion of first and second tranche resources and lack of negotiable titles before applying. These temporary modifications are effective from October 22, 2003, to December 20, 2003.
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