Board Resolution No. 146/2008 Approving the Central Bank of Bolivia's 2009 Service Commission and Fine Tables

BOARD RESOLUTION NO. 146/2008

SUBJECT: INTERNATIONAL OPERATIONS MANAGEMENT - APPROVES THE TABLE OF COMMISSIONS FOR SERVICES AND THE TABLE OF FINES OF THE CENTRAL BANK OF BOLIVIA FOR THE 2009 MANAGEMENT PERIOD.

HAVING SEEN:

Law No. 1670 of October 31, 1995, of the Central Bank of Bolivia (BCB).

The Statute of the BCB approved by Board Resolution No. 128/2005 of October 21, 2005, and subsequent modifications.

Board Resolution No. 152/2007 of December 11, 2007, which approves the Table of Commissions for Services and the Table of Fines of the BCB for the 2008 management period.

Board Resolution No. 033/2008 of March 18, 2008, which modifies one of the commissions in the Table approved with B.R. No. 152/2007.

Reports from the International Operations Management (GOI) No. 015/2008 and No. 016/2008 of December 4 and 12, 2008, respectively.

Report from the Legal Affairs Management (SANO) No. 354/2008 of December 5, 2008.

CONSIDERING:

That according to Article 54, subsection n) of Law No. 1670, it is within the authority of the Board to formulate policies regarding the internal management of the BCB, supervising their execution.

That according to Article 11, numeral 45) of the BCB Statute, the Board has among its faculties the power to set annually the table of commissions to be charged for the services it provides.

That the International Operations Management, according to Reports GOI Nos. 015/2008 and 016/2008, states that the commissions charged by the BCB for the provision of banking and financial services are intended to cover their respective operating costs, and therefore it is necessary to periodically adjust these commissions in order to adapt them to current market conditions.

That as expressed in Report SANO No. 354/2008, in the opinion of the Legal Affairs Management, there is no legal impediment for the Board to consider the approval of the Service Commission Tables and the Fines Table of the BCB for the 2009 management period.

THEREFORE,

THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BOLIVIA

RESOLVES:

Article 1.- Approve the Table of Commissions for Services and the Table of Fines of the Central Bank of Bolivia for the 2009 management period, which forms part of the present Resolution as an annex and which will enter into force as of January 2, 2009.

Article 2.- As of January 2, 2009, Board Resolutions Nos. 152/2007, 033/2008, and all provisions contrary to the present Resolution are hereby repealed.

Article 3.- The Presidency and General Management are charged with the execution and compliance of the present Resolution.

La Paz, December 16, 2008

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Gabriel Loza Tellería

_________________________ _________________________ Gustavo Blacutt Alcalá Hugo Dorado Araníbar

_________________________ _________________________ Rolando Marín Ibáñez Ernesto Yáñez Aguilar

ANNEX
ANNEX
TABLE OF COMMISSIONS FOR SERVICES OF THE CENTRAL BANK OF BOLIVIA
2009 MANAGEMENT PERIOD

DESCRIPTION | Bs. (%) | RESPONSIBLE MANAGEMENT

1. Transfer of funds abroad for the public sector | 0.10 |
2. Transfer of funds abroad for the financial system | 0.60 |
3. Transfers of funds from abroad for the financial system, excluding operations through the BCB for exporters and remittances equal to or less than USD 1,000.-, and operations through the financial system for the Diplomatic Corps, Cooperation Agencies, International Organizations, and remittances equal to or less than USD 1,000.- | 0.60 |
4. Sending SWIFT messages and others | 190 | International and Monetary Operations
5. Foreign Trade Operations
   a) Import Letters of Credit
   • Operations through CPCR-ALADI | 0.15 |
   • Opening and expansion of Letters of Credit (annual) | 0.15 |
   • Amendments | 190 |
     b) Export Letters of Credit
   • Operations through CPCR-ALADI | 0.05 |
   • Notice and transfer | 190 |
     c) Standby Letter of Credit or Guarantee Bond (annual) | 0.15 |
6. Payment of External Debt (local or foreign) | 0.07 |
7. Administration of FRF (annual) | 0.05 |
8. Administration of RAL M/E Fund (annual) | 0.05 |
9. Accounts abroad for third parties (annual) | 0.25 |
10. Issuance and cancellation of international checks | 130 |
11. Check for collection abroad | 0.35 |
12. Payment order from abroad | 0.60 |
13. Administration of Trusts (annual) | 1.00 | International Operations
14. Daily movement of cash from the BCB vault
    a) National Currency
    For the second time and subsequent times | 525 | b) Foreign Currency From the first time (*) | 1,100 | 0.10
15. Administration of "C" Securities (annual) | 0.03 |
16. Operation for tax sharing greater than Bs. 2,000.- | 8 | Monetary Operations

ANNEX
TABLE OF COMMISSIONS FOR SERVICES OF THE CENTRAL BANK OF BOLIVIA
2009 MANAGEMENT PERIOD

DESCRIPTION | Bs. (%) | RESPONSIBLE MANAGEMENT
17. Administration of RAL M/N Fund (annual) | 0.65 |
18. Administration of RAL UFV Fund (annual) | 0.65 |
19. Monthly maintenance of "Current Accounts", "Current and Reserve Accounts" and "Reserve Accounts" | 1,260 |
20. Interbank transfer with gloss via SIPAV | 42 | Financial Entities
21. Electronic operations in SIPAV | 8 |
22. MICR Checkbook | 130 | Administration
23. Issuance of accounting receipts for third parties, except for operations under the Legal Reserve Regulation, operations originated in contracts with commission collection clauses in the GEF and GOM, open market operations, liquidity credits to the public sector, and cash payment at the Treasury. | 37 | All Areas

(*) The percentage commission (%) is charged when the financial entity makes net withdrawals.

ANNEX
TABLE OF FINES OF THE CENTRAL BANK OF BOLIVIA
2009 MANAGEMENT PERIOD

DESCRIPTION | Bs. USD. (%) | RESPONSIBLE MANAGEMENT Acquisition of BCB securities Insufficiency of funds in accounts of the adjudicated financial entity | 2% on the nominal value of the securities | Contracted Services for Delegated Administration for Correspondency Treasury Service For suspension of service in any district

• First day | 1,000 |
• Second day | 2,000 |
• From the third day | 4,000 |
  For non-compliance in sending information to the BCB
• First time | 500 |
• Second time | 1,000 |
• From the third time | 1,500 |
  For written claim sent to the BCB by any financial entity harmed by the non-receipt and/or delivery of monetary material
• First claim | 300 |
• Second claim | 600 |
• From the third claim | 1,000 | Treasury
  delay in delivery of remittances | 1 per 5,000 of the amount of the remittance | Delay or lack of communication of remittance in transit | 500 | Package of monetary material classified as fit containing more than 5 unfit banknotes | 500 | Package of monetary material classified as unfit containing more than 5 fit banknotes | 500 | Monetary Operations

ANNEX
TABLE OF FINES OF THE CENTRAL BANK OF BOLIVIA
2009 MANAGEMENT PERIOD

ALADI Operations
For each business day of delay in the presentation of information of operations carried out through CPCR – ALADI | 400 | International Operations Transfers of funds from accounts of the financial system For insufficiency of funds | 450 | Financial Entities Payments System Operations not covered in the schedules and deadlines established by General Management Circular | 500 | All Areas