Regulatory Alerts2016-11-30 | 045 2016 SGDB EXTAdded · Updated
Authorization of FONDECO IFD as Participant in the Integrated Payment Clearing System
The Central Bank of Bolivia authorizes Fondo de Desarrollo Comunal Institución Financiera de Desarrollo (FONDECO IFD) to participate in the Integrated Payment Clearing System (LIP) effective November 29, 2016. This authorization allows FONDECO IFD, identified by code 1470 and reserve account 7738, to process and receive electronic transfers. Participating financial entities are required to update their internal IT systems with these specific participant details to facilitate transactions.