On March 30 the Bank of the Republic (BanRep) opened a public consultation on a draft regulation on debt securities. The measure seeks to improve the definition of risks related to the terms and conditions of eligibility of securities in transitory liquidity support operations. Interested parties may submit their comments here until April 13.
The initiative analyzes transitory liquidity support and transitory expansion operations (repos) with respect to the eligibility conditions of securities. In this sense, securities with credit content issued by financial investments that consist of securities issued or guaranteed by the State are eligible for rediscount.
They also accept sovereign debt securities issued by governments and central banks, sub-sovereign debt, corporate debt and mortgage-backed securities. It also outlines the assets and currencies permitted for such securities.