The Central Bank of Colombia published an amendment to its procedures applicable to foreign exchange operations, introducing specific treatment and reporting classifications for external credits arising from collaborative financing through debt-representative securities. The changes add numeral 5.1.13 to Chapter 5 on “External credits derived from collaborative financing activity through debt representative securities” and introduce purpose code 60 “Debt-representative collaborative financing” within the External Credit Report purposes for external credits granted to residents (liabilities) under numeral 5.6. The amendment also adds a new item g) to numeral 7.2.1.1 on registration of direct investment made in foreign currency, and inserts additional income entry items into Annex 1. The circular is effective upon publication and is addressed to the Central Bank’s head office and branches, foreign exchange market intermediaries, and natural and legal persons conducting foreign exchange and international investment transactions.
Central Bank of Colombia 2025-10-09
Central Bank of Colombia amends foreign exchange procedures to add debt-based crowdfunding external credit category and reporting purpose 60
The Central Bank of Colombia amended procedures for foreign exchange operations, introducing classifications for external credits from collaborative financing via debt-representative securities. Key changes include a new purpose code for external credits and updates to direct investment registration and income entry items. The circular is effective immediately, targeting the Central Bank's offices, foreign exchange intermediaries, and entities involved in foreign exchange and international investments.