Actualidad Colombia

Secured transactions to be admissible as collateral

Decree 466, 2016

As of 17th March 2016, secured transactions have officially been considered admissible collateral in active transactions made by credit institutions in Colombia. From now on obligations that, added together, represent more than 10% of the creditor institution’s technical assets can be secured.

This new regulation on secured transactions gives the corresponding regulatory framework greater legal certainty regarding the terms of credit transactions carried out by financial institutions in Colombia.