Regulatory Alerts2003-11-11 | Resolución 128/2003Added · Updated
Resolution 128/2003 Approving the Regulation of Operations with Securities Issued by the General Treasury of the Nation for Fiscal Policy Purposes
The Central Bank of Bolivia approves a new regulation governing the auction, allocation, redemption, administration, and control of securities issued by the General Treasury of the Nation for fiscal policy purposes, replacing the previous 2001 regulation. The rule establishes the composition and powers of the Interinstitutional Council for Treasury Securities (CAVT), defines authorized participants in public auctions, and sets operational procedures for electronic book-entry and physical securities. It mandates that the Central Bank acts as the financial agent for the government, handles the settlement of transactions, and imposes a 2% fine on defaulting bidders who fail to provide sufficient funds within 48 hours of allocation.
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