Central Bank of Bolivia

Board of Directors

BOARD RESOLUTION NO. 177/2018

SUBJECT: INTERNATIONAL OPERATIONS DEPARTMENT – APPROVES THE TABLE OF COMMISSIONS FOR SERVICES AND THE TABLE OF FINES OF THE CENTRAL BANK OF BOLIVIA FOR THE 2019 FISCAL YEAR.

VISTOS (VIEWED):

• 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.
• Board Resolution No. 181/2017 of December 19, 2017, which approves the Table of Commissions for Services and the Table of Fines of the BCB for the 2018 fiscal year.
• The Report from the International Operations Department BCB-GOI-SOEXT-DOCC-INF-2018-24 of December 6, 2018.
• The Report from the Legal Affairs Department BCB-GAL-SANO-INF-2018-498 of December 7, 2018.

CONSIDERANDO (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 Department, according to Report BCB-GOI-SOEXT-DOCC-INF-2018-24, 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-2018-498, in the opinion of the Legal Affairs Department, the draft Tables of Commissions for Services and Tables of Fines of the BCB for the 2019 fiscal year do not contravene current legal regulations, and it is the competence of the BCB Board to consider their approval in accordance with Article 54, subsections a) and n) of Law No. 1670 and Articles 11, numeral 1) and 45), 24, and 26 of the Issuer Entity Statute.

---

Central Bank of Bolivia

Board of Directors

//2. B.R. No. 177/2018

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 2019 fiscal year, which is attached as an annex to this Resolution, and which will enter into effect starting January 2, 2019.

Article 2.- Starting January 2, 2019, Board Resolution No. 181/2017 and all provisions contrary to this Resolution are hereby repealed.

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

La Paz, December 11, 2018

Pablo Ramos Sánchez
Abraham Pérez Alandia
Gabriel Herbas Camacho
Luis Baudoin Olea
Ronald Polo Rivero
Sergio Velarde Vera

---

Central Bank of Bolivia

Board of Directors

//3. B.R. No. 177/2018

ANNEX

TABLE OF COMMISSIONS FOR SERVICES OF THE CENTRAL BANK OF BOLIVIA

2019 FISCAL YEAR

DESCRIPTION	Bs.	(%)	RESPONSIBLE DEPARTMENT
1. Fund transfer abroad for the public sector		0.10	International and Monetary Operations
2. Sending SWIFT messages and others	220
3. Fund transfer abroad for the financial system		2.00
4. Fund transfer from abroad for the financial system		0.00
5. Foreign Trade Operations			International Operations
a) Import Letters of Credit
* Operations through CPCP-ALADI		0.15
* Opening and expansion of Letters of Credit (annual)		0.15
* Amendments	220
b) Export Letters of Credit
* Operations through CPCP-ALADI		0.00
* Notice and transfer	220
c) Standby Letter of Credit or Guarantee Bond (annual)		0.15
* Notice	220
6. Payment of External Debt (local and foreign)		0.07
7. FPA Administration (annual)		0.05
8. RAL M/E Fund Administration (annual)		0.05
9. Payment order from abroad		0.00
10. Daily deposit or withdrawal of cash in national currency from the BCB vault, from the second time and subsequent times	620		Treasury
11. Deposit of cash in US dollars in the BCB vault.	1,210	0.10
12. Withdrawal of cash in US dollars from the BCB vault	1,210	0.10
13. Deposit of cash from the financial system in national currency with inadequate classification of monetary material.	3,500
14. Administration of "C" Bonds (annual)		0.03	Monetary Operations
15. Operation for tax sharing greater than Bs 2,000.-	8

---

Central Bank of Bolivia

Board of Directors

//4. B.R. No. 177/2018

16.	RAL M/N Fund Administration (annual)		30% on the annual yield obtained; if this is less than 0.15%, the commission is 0.05% of the administered amount	Financial Entities
17.	RAL UFV Fund Administration (annual)		0.05
18.	Monthly fee for transactional financial services for each Current and Reserve Account	4,950	0.02% in Bs and 0.04% in USD (*)
19.	Monthly fee for transactional financial services for each Reserve Account for Housing Financial Entities.	1,100	0.02% in Bs and 0.04% in USD (*)
20.	Monthly fee for transactional financial services for each Reserve Account for Cooperatives and Development Financial Institutions	550	0.02% in Bs and 0.04% in USD (*)
21.	Monthly fee for transactional financial services for each Settlement Account for Brokerage Agencies, Payment Service Companies, and SAFIs.	100
22.	For each electronic operation in the Deferred Settlement Module - MLD of the LIP, up to a maximum of 25,000.- operations.	0.10
23.	Electronic operations in the MLH of the LIP	3
24.	MICR Checkbook	150		Administration
25.	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 in Treasury.	50		All Areas

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

---

Central Bank of Bolivia

Board of Directors

//5. B.R. No. 177/2018

ANNEX

TABLE OF FINES OF THE CENTRAL BANK OF BOLIVIA

2019 FISCAL YEAR

DESCRIPTION	Bs.	(%)	RESPONSIBLE DEPARTMENT
1. 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
2. Packaging of USD in banknotes for deposit at the BCB			Treasury
For inadequate packaging failing to comply with what is established in External Circulars of the BCB (Per package)	550
3. ALADI Operations			International Operations
For each business day of delay in presenting the information of operations carried out through CPCP - ALADI	440
4. Electronic transfers through the LIP			Financial Entities
For insufficiency of funds	500
Credit to accounts of clients of the financial system or return of unapplied balances, after 24 hours of receiving the transfer.	500
5. Transfers by documentary means
For operations enabled in the LIP and not declared in contingency	275
6. Payment System			All Areas
Operations not covered in the schedules and deadlines established by General Management Circular	550