Regulatory Alerts1997-06-26 | Resolución 122/98Added · Updated
Resolution 122/97 on Financial Deposits for Financial Entities with Deficient Equity
This resolution authorizes financial entities subject to Article 112 of Law No. 1488 and compliant with Legal Reserve requirements under Article 7 of Law No. 1670 to deposit all increases in liabilities and decreases in assets with the Central Bank of Bolivia. These deposits must be made in cash, Treasury Auction Certificates (TAA), Certificates of Deposit (CD), or Long-Term Certificates (LT) in Bolivianos or US Dollars, and are accounted for at market value. The deposited titles must be endorsed as collateral to the order of the Central Bank and remain in its custody, with special accounts opened for these transactions. The resolution entered into force on August 1, 1997.
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