Regulatory Alerts2003-11-11 | Resolución 129/2003Added · Updated
Resolution 129/2003 Approving the Regulation of Operations for Monetary Regulation Purposes with Securities Issued by the General Treasury of the Nation or the Central Bank of Bolivia
The Board of Directors of the Central Bank of Bolivia approves a new Regulation governing open market operations with securities issued by the General Treasury of the Nation or the Central Bank of Bolivia, replacing previous regulations effective from November 11, 2003. The regulation establishes the structure and powers of the Open Market Operations Committee (COMA), defines eligibility and submission procedures for public auctions, and sets specific financial thresholds, including a maximum bid limit of US$1,000,000 for foreign currency and Bs1,000,000 for national currency per tenor under the adherence modality. It mandates a 2% nominal value fund provision for participation, imposes a 2% fine on the nominal value for payment defaults, and outlines accounting, custody, and redemption protocols for both dematerialized and physical securities.