Board Resolution No. 159/2011 Approving Service Commission and Fine Tables for the Central Bank of Bolivia for the 2012 Fiscal Year

BOARD RESOLUTION NO. 159/2011
SUBJECT: INTERNATIONAL OPERATIONS MANAGEMENT - APPROVES
TABLE OF COMMISSIONS FOR SERVICES AND TABLE OF FINES
OF THE CENTRAL BANK OF BOLIVIA FOR THE 2012 FISCAL YEAR.

VIEWED:
The Law 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. The Board Resolution No. 144/2010 of December 21, 2010, which approves the Table of Commissions for Services and the Table of Fines of the BCB for the 2011 fiscal year. The Report from the International Operations Management BCB-GOI-INF-2011-5 of December 7, 2011. The Report from the Legal Affairs Management BCB-GAL-SANO-INF-2011-465 of December 9, 2011.

CONSIDERING:
That according to Article 54, subsection n) of Law No. 1670, it is the responsibility 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 powers the authority to set annually the table of commissions to be charged for the services it provides. That the International Operations Management, according to Report BCB-GOI-INF-2011-5, states that the commissions charged by the BCB for the provision of banking and financial services are intended to cover their respective operating costs; therefore, it is necessary to periodically adjust these commissions to align them with current market conditions. That as expressed in Report BCB-GAL-SANO-INF-2011-465, in the opinion of the Legal Affairs Management, there is no legal impediment for the Board to consider the approval of the Tables of Service Commissions and Fines of the BCB for the 2012 fiscal year.

THEREFORE,
THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BOLIVIA RESOLVES:

//2. B.R. No. 159/2011
Article 1.- Approve the Table of Commissions for Services and the Table of Fines of the Central Bank of Bolivia for the 2012 fiscal year, which forms part of this Resolution as an annex, and which will enter into force as of January 2, 2012.
Article 2.- As of January 2, 2012, Board Resolution No. 144/2010 is hereby repealed, along with all provisions contrary to this Resolution.
Article 3.- The Presidency and General Management are charged with the execution and compliance of this Resolution.

La Paz, December 13, 2011

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Marcelo Zabalaga Estrada

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Hugo Dorado Araníbar Rolando Marín Ibáñez Ernesto Yáñez Aguilar

//3. B.R. No. 159/2011
ANNEX
TABLE OF COMMISSIONS FOR SERVICES OF THE
CENTRAL BANK OF BOLIVIA
2012 FISCAL YEAR

DESCRIPTION | Bs. (%) | RESPONSIBLE MANAGEMENT

1. Fund transfers abroad for the public sector | 0.10 | International and Monetary Operations
2. Fund transfers abroad for the financial system | 1.00 |
3. Fund transfers 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 | 200 |
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 | 200 |
     b) Export Letters of Credit | |
   • Operations through CPCR-ALADI | 0.00 |
   • Notice and transfer | 200 |
     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. Issuance and cancellation of international checks | 130 |
10. Check for collection abroad | 200 |
11. Payment order from abroad | 0.60 |
12. Administration of Trusts (annual) | 1.00 |
13. Requests from the financial system for daily deposit or withdrawal of cash in national currency from the BCB vault, from the second time onwards | 560 | Monetary Operations
14. Requests from the financial system for deposit of cash in US dollars in the BCB vault from the first time | 1,100 0.05 |
15. Requests from the financial system for withdrawal of cash in US dollars from the BCB vault from the first time | 1,100 0.06 |
16. Administration of "C" Securities (annual) | 0.03 |
17. Operation for tax sharing greater than Bs. 2,000.- | 8 |

//4. B.R. No. 159/2011
ANNEX
TABLE OF COMMISSIONS FOR SERVICES OF THE
CENTRAL BANK OF BOLIVIA
2012 FISCAL YEAR

DESCRIPTION | Bs. (%) | RESPONSIBLE MANAGEMENT
18. Administration of RAL M/N Fund (annual) | 0.30 | Financial Entities
19. Administration of RAL UFV Fund (annual) | 0.05 |
20. Monthly maintenance of "Current Accounts", "Current and Reserve Accounts" | 4,500 0.02 in Bs and 0.04 in USD () |
21. Monthly maintenance of "Reserve Accounts" for Mutuals | 1,000 0.02 in Bs and 0.04 in USD () |
22. Monthly maintenance of "Reserve Accounts" for Cooperatives | 500 0.02 in Bs and 0.04 in USD () |
23. Monthly maintenance of "Reserve Accounts" for Financial Funds | 1,500 0.02 in Bs and 0.04 in USD () |
24. Electronic operations in SIPAV | 3 |
25. MICR Checkbook | 140 | Administration
26. 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. | 40 | All Areas

(*) On the daily average of the previous month.

//5. B.R. No. 159/2011
ANNEX
TABLE OF FINES OF THE
CENTRAL BANK OF BOLIVIA
2012 FISCAL YEAR

DESCRIPTION | Bs. | USD. | (%) | RESPONSIBLE MANAGEMENT Acquisition of BCB Securities | | | | Monetary Operations Insufficiency of funds in the accounts of the adjudicated financial entity | | | 2% on the nominal value of the securities | Packaging of USD in bills for deposit at the BCB | | | | International Operations For inadequate packaging failing to comply with what is established in BCB External Circulars (For packaging). | 500 | | | ALADI Operations | | | | International Operations For each business day of delay in the presentation of information of operations carried out through CPCR – ALADI | 400 | | | Fund transfers from financial system accounts | | | | Financial Entities For insufficiency of funds | 450 | | | Transfers by documentary means | | | | Payment System For operations enabled in SIPAV and not declared in contingency | 100 | | | Operations not covered in the schedules and deadlines established by General Management Circular | 500 | | | All Areas