Regulatory Alerts2017-12-19 | RESOLUCIONES DE DIRECTORIO N° 181/2017Added · Updated
Board Resolution No. 181/2017 Approving Service Commission and Fine Tables for 2018
The Board of Directors of the Central Bank of Bolivia approves the Service Commission and Fine Tables for the 2018 fiscal year, effective January 2, 2018. This resolution supersedes Board Resolutions No. 232/2016 and No. 039/2017, establishing specific fee structures for international operations, treasury services, and financial transaction accounts, as well as penalties for non-compliance such as insufficient funds or late reporting.
Central Bank of Bolivia
Board of Directors
BOARD RESOLUTION NO. 181/2017
SUBJECT: INTERNATIONAL OPERATIONS MANAGEMENT – APPROVES THE TABLE OF COMMISSIONS FOR SERVICES AND THE TABLE OF FINES OF THE CENTRAL BANK OF BOLIVIA FOR THE 2018 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. 232/2016 of December 13, 2016, which approves the Table of Commissions for Services and the Table of Fines of the BCB for the 2017 fiscal year.
- Board Resolution 039/2017 of March 21, 2017, which modifies the Table of Commissions for Services of the BCB for the 2017 fiscal year.
- The Report from the International Operations Management BCB-GOI-INF-2017-18 of December 6, 2017.
- The Report from the Legal Affairs Management BCB-GAL-SANO-DLBCI-INF-2017-399 of December 8, 2017.
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 Management, according to Report BCB-GOI-INF-2017-18, 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-2013-399, in the opinion of the Legal Affairs Management, there is no legal impediment for the Board to consider the approval of the Tables of Commissions for Services and of Fines of the BCB for the 2018 fiscal year.
Central Bank of Bolivia
Board of Directors
//2. B.R. No. 181/2017
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 2018 fiscal year, which forms part of this Resolution as an annex, and which will enter into force as of January 2, 2018.
Article 2.- As of January 2, 2018, Board Resolutions Nos. 232/2016 and 039/2017 are repealed, as well as 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 19, 2017
Pablo Ramos Sánchez
Luis Baudoin Olea
Ronald Polo Rivero
Abraham Pérez Alandia
Sergio Velarde Vera
Gabriel Herbas Camacho
Central Bank of Bolivia
Board of Directors
//3. B.R. No. 181/2017
ANNEX
TABLE OF COMMISSIONS FOR SERVICES OF THE CENTRAL BANK OF BOLIVIA
FISCAL YEAR 2018
| DESCRIPTION | Bs. | (%) | RESPONSIBLE MANAGEMENT |
|---|---|---|---|
| 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 transfers from abroad for the financial system. | 0.00 | ||
| 5. Foreign Trade Operations | International Operations | ||
| a) Import Letters of Credit | |||
| * Operations through CPCRA-LADI | 0.15 | ||
| * Opening and expansion of Letters of Credit (annual) | 0.15 | ||
| * Amendments | 220 | ||
| b) Export Letters of Credit | |||
| * Operations through CPCRA-LADI | 0.00 | ||
| * Advice and transfer | 220 | ||
| c) Stand By Letters of Credit or Guarantee Bond (annual) | 0.15 | ||
| * Advice | 220 | ||
| 6. Payment of External Debt (local and abroad) | 0.07 | ||
| 7. FPA Administration (annual) | 0.05 | ||
| 8. RAL M/E Fund Administration (annual) | 0.05 | ||
| 9. Payment order from abroad | 0.60 | ||
| 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 co-participation greater than Bs. 2,000.- | 8 |
Central Bank of Bolivia
Board of Directors
//4. B.R. No. 181/2017
ANNEX
TABLE OF COMMISSIONS FOR SERVICES OF THE CENTRAL BANK OF BOLIVIA
FISCAL YEAR 2018
| Bs. | (%) | RESPONSIBLE MANAGEMENT | |
|---|---|---|---|
| 16. RAL M/N Fund Administration (annual) | 30% on the annual yield obtained; if this is lower 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 Stock Broker 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. For each electronic operation in the MLH of the LIP | 3 | ||
| 24. MICR Checkbook | 150 | Administration | |
| 25. Issuance of accounting vouchers for third parties, except for operations under the Legal Reserve Regulation, operations originated in contracts with a commission collection clause 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. 181/2017
ANNEX
TABLE OF FINES OF THE CENTRAL BANK OF BOLIVIA
FISCAL YEAR 2018
| DESCRIPTION | Bs. | (%) | RESPONSIBLE MANAGEMENT |
|---|---|---|---|
| 1. Acquisition of BCB securities | 2% on the nominal value of the securities | Monetary Operations | |
| Insufficiency of funds in the accounts of the adjudicated financial entity | |||
| 2. Packaging of USD in bills for deposit at the BCB | 550 | Treasury | |
| For inadequate packaging failing to comply with what is established in External Circulars of the BCB (Per packaging). | |||
| 3. ALADI Operations | 440 | International Operations | |
| For each business day of delay in the presentation of information of operations carried out through CPCRA-LADI | |||
| 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 | 275 | ||
| For operations enabled in the LIP and not declared in contingency | |||
| 6. Payment System | 550 | All Areas | |
| Operations not covered in the schedules and deadlines established by General Management Circular |
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