The National Monetary Council, through Resolution No. 4,795, of April 2, 2020, authorized the Central Bank to grant loan operations through a Special Temporary Liquidity Line for the acquisition of Financial Bills with collateral in financial assets or securities (LTEL-LFG).
The purpose of the resolution is to provide the necessary liquidity for the National Financial System to remain stable in the face of the increased demand in the credit market, resulting from the effects of the spread of the Coronavirus.
Resolution No. 4795 became effective on the date of its publication.
Click here to read the resolution in full.
The Central Bank, also due to the consequences resulting from the spread of the Coronavirus, published, on 02.04.2020, the following resolutions:
- Resolution 4,793, postponing to November the coming into effect of the rules on credit portability, such as (i) the inclusion of overdraft operations; (ii) the possibility of real estate credit operations originally contracted outside the Housing Finance System (SFH) being included in the SFH in portability, and (iii) the creation of the "Credit Descriptive Document" (DDC).
Click here to read the resolution in full.
- Resolution No. 4,794, authorizing the President of the Central Bank to enter into a swap agreement with the Federal Reserve Bank of New York.
Click here to read the resolution in full.
- Resolution 4,796, establishing emergency measures for the procedures of communication of losses, proof of losses, and calculation of coverage for operations included in the Agricultural Activity Guarantee Program (Proagro).
Click here to read the resolution in full.
The Financial and Capital Markets team is available for any clarifications and/or additional information by means of the e-mail [email protected]
