Central Bank of Bolivia

Board of Directors

BOARD RESOLUTION NO. 223/2015

SUBJECT: INTERNATIONAL OPERATIONS MANAGEMENT - APPROVES THE TABLE OF COMMISSIONS FOR SERVICES AND THE TABLE OF FINES OF THE CENTRAL BANK OF BOLIVIA FOR THE 2016 MANAGEMENT PERIOD.

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. 175/2014 of December 2, 2014, which approves the Table of Commissions for Services and the Table of Fines of the BCB for the 2015 management period.
• Board Resolution No. 022/2015 of February 3, 2015, which modifies the administration commission for the RAL Fund in national currency.
• The Report from the International Operations Management BCB-GOI-INF-2015-18 of December 2, 2015.
• The Report from the Legal Affairs Management BCB-GAL-SANO-INF-2015-528 of December 3, 2015.

CONSIDERING:

• That according to Article 54, subsection n) of Law No. 1670, it is the attribute of the Board of Directors to formulate policies regarding the internal management of the BCB, supervising their execution.
• That according to Article 11, numeral 45) of the Statute of the BCB, the Board of Directors 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-2015-18, 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-2015-528, in the opinion of the Legal Affairs Management, there is no legal impediment for the Board of Directors to consider the approval of the Tables of Service Commissions and Fines of the BCB for the 2016 management period.

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Central Bank of Bolivia

Board of Directors

//2. B.R. No. 223/2015

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 2016 management period, which forms part of the present Resolution as an annex, and which will enter into effect from January 4, 2016.

Article 2.- From January 4, 2016, Board Resolutions Nos. 175/2014 and 022/2015 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 8, 2015

Signatures:

• Marcelo Zabalaga Estrada
• Reynaldo Yujra Segales
• Abraham Pérez Alandia
• Ronald Polo Rivero
• Sergio Velarde Vera

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Central Bank of Bolivia

Board of Directors

//3. B.R. No. 223/2015

ANNEX

TABLE OF COMMISSIONS FOR SERVICES OF THE CENTRAL BANK OF BOLIVIA

2016 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		1.00
3. Transfers of funds abroad for the financial system, excluding operations through the BCB for 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	International and Monetary Operations
4. Sending SWIFT messages and others	220
5. Foreign Trade 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
* Notice and transfer	220
c) Standby Letter of Credit or Guarantee Bond (annual)		0.15
6. Payment of External Debt (local and foreign)		0.07
7. FPA Administration (annual)		0.05
8. RAL Fund M/E Administration (annual)		0.05
9. Payment order from abroad		0.60
10. Requests from the financial system for daily deposit or withdrawal of cash in national currency from the BCB vault, from the second time and onwards	620
11. Requests from the financial system for deposit of cash in US dollars in the BCB vault from the first time	1,210	0.10	Treasury
12. Requests from the financial system for withdrawal of cash in US dollars from the BCB vault from the first time	1,210	0.10
13. Administration of "C" Securities (annual)		0.03	Monetary Operations
14. Operation for tax sharing greater than Bs. 2,000.-	8

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Central Bank of Bolivia

Board of Directors

//4. B.R. No. 223/2015

ANNEX

TABLE OF COMMISSIONS FOR SERVICES OF THE CENTRAL BANK OF BOLIVIA

2016 MANAGEMENT PERIOD

DESCRIPTION	Bs.	(%)	RESPONSIBLE MANAGEMENT
15. RAL Fund M/N 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
16. RAL Fund UFV Administration (annual)		0.05
17. Monthly fee for transactional financial services of Current and Reserve Accounts	4,950	0.02 in Bs and 0.04 in USD (*)
18. Monthly fee for transactional financial services of Reserve Accounts for Housing Financial Entities	1,100	0.02 in Bs and 0.04 in USD (*)
19. Monthly fee for transactional financial services of Reserve Account for Cooperatives	550	0.02 in Bs and 0.04 in USD (*)
20. Electronic operations in the LIP	3
21. MICR Checkbook	150		Administration
22. 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 Treasury.	50		All Areas

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

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Central Bank of Bolivia

Board of Directors

//5. B.R. No. 223/2015

ANNEX

TABLE OF FINES OF THE CENTRAL BANK OF BOLIVIA

2016 MANAGEMENT PERIOD

DESCRIPTION	Bs.	USD.	(%)	RESPONSIBLE MANAGEMENT
Acquisition of BCB securities				Monetary Operations
Insufficiency of funds in accounts of the adjudicated financial entity			2% on the nominal value of the securities
Packaging of USD in bills for deposit at the BCB
For inadequate packaging failing to comply with what is established in External Circulars of the BCB (Packaging).	550			Treasury
ALADI Operations				International Operations
For each business day of delay in presenting information of operations carried out through CPCRA – ALADI	440
Transfer of funds from financial system accounts				Financial Entities
For insufficiency of funds	500
Transfers by documentary means
For operations enabled in the LIP and not declared in contingency	275
Payment System				All Areas
Operations not covered in the schedules and deadlines established by General Management Circular	550