Regulatory Alerts2016-11-24 | SGDB N°043/2016Added · Updated
Authorization of CRECER IFD as Participant in the Integrated Payment Settlement System (LIP)
The Central Bank of Bolivia authorizes Crédito con Educación Rural - Institución Financiera de Desarrollo (CRECER IFD) to participate in the Integrated Payment Settlement System (LIP) effective November 23, 2016. This authorization permits CRECER IFD to process and receive electronic transfers using participant code 316 and reserve account 7742. Participating financial entities are required to update their internal IT systems with these specific configuration details.