Regulatory Alerts1997-09-09 | Resolución 149/97Added · Updated
Resolution 149/97 Approving the Regulation for Operations with Certificates of Deposit (CDs) of the Central Bank of Bolivia
The Central Bank of Bolivia approves a new regulation governing the administration, issuance, auction, and redemption of Certificates of Deposit (CDs), replacing Resolution 149/93. The rule establishes that CDs are short-term securities issued at a discount in national currency or US dollars, with auctions conducted competitively where bids are accepted in ascending order of discount rates. Authorized financial entities must provide fund provisions via account authorization or a 2% nominal value deposit, and failure to pay upon adjudication incurs a 2% fine. The regulation enters into force on October 15, 1997, and mandates electronic registration of ownership and transfers through the Open Market Operations Information System (SIOMA).
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