Central Bank of Bolivia

Board of Directors

BOARD RESOLUTION NO. 232/2016

SUBJECT: INTERNATIONAL OPERATIONS DEPARTMENT - APPROVES THE TABLE OF COMMISSIONS FOR SERVICES AND THE TABLE OF FINES OF THE CENTRAL BANK OF BOLIVIA FOR THE 2017 FISCAL YEAR.

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. 223/2015 of December 8, 2015, which approves the Table of Commissions for Services and the Table of Fines of the BCB for the 2016 fiscal year.

Board Resolution No. 018/2016 of February 2, 2016, which modifies the Table of Commissions for Services of the BCB for the 2016 fiscal year.

The Report of the International Operations Department BCB-GOI-INF-2016-18 of December 7, 2016.

The Report of the Legal Affairs Department BCB-GAL-SANO-DLBCI-INF-2016-343 of December 8, 2016.

CONSIDERING:

That according to article 54, subsection n) of Law No. 1670, it is the responsibility 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 Department, according to Report BCB-GOI-INF-2016-18, 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-DLBCI-INF-2016-343, in the opinion of the Legal Affairs Department, 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 2017 fiscal year.

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//2. B.R. No. 232/2016

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 2017 fiscal year, which is attached as an annex to this Resolution, and which will enter into force as of January 3, 2017.

Article 2.- As of January 3, 2017, Board Resolutions Nos. 223/2015 and 018/2016 are repealed, along with all provisions contrary to this Resolution.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, 2016

Marcelo Zabalaga Estrada
Sergio Velarde Vera
Ronald Polo Rivero
Abraham Pérez Alandia
Luis Baudoin Olea

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//3. B.R. No. 232/2016

ANNEX

TABLE OF COMMISSIONS FOR SERVICES OF THE CENTRAL BANK OF BOLIVIA

2017 FISCAL YEAR

DESCRIPTION	Bs.	(%)	RESPONSIBLE DEPARTMENT
1. Fund transfer abroad for the public sector		0.10	International and Monetary Operations
2. Fund transfer abroad for the financial system		1.60
3. Fund transfers from abroad for the financial system.		0.00
4. Sending SWIFT messages and others	220
5. Foreign Trade Operations
a) Import Letters of Credit			International Operations
* Operations through CPCRL-ALADI		0.15
* Opening and expansion of Letters of Credit (annual)		0.15
* Amendments	220
b) Export Letters of Credit
* Operations through CPCRL-ALADI		0.00
* Advice and transfer	220
c) Standby Letters of Credit or Guarantee Bonds (annual)		0.15
* Advice	220
6. External Debt Payment (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. Requests from the financial system for daily deposit or withdrawal of cash in national currency from the BCB vault, from the second time onwards	620		Treasury
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
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. "C" Securities Administration (annual)		0.03	Monetary Operations
14. Operation for tax sharing greater than Bs. 2,000.-	8

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//4. B.R. No. 232/2016

ANNEX

TABLE OF COMMISSIONS FOR SERVICES OF THE CENTRAL BANK OF BOLIVIA

2017 FISCAL YEAR

DESCRIPTION	Bs.	(%)	RESPONSIBLE DEPARTMENT
15. 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
16. RAL UFV Fund 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 and Development Financial Institutions	550	0.02 in Bs and 0.04 in USD (*)
20. Monthly fee for transactional financial services of Settlement Accounts for Stock Brokerage Agencies and Payment Service Companies.	100
21. Monthly fee for electronic operations in the Deferred Settlement Module – MLD of the LIP.	0.10()
22. Electronic operations in the LIP	3
23. MICR Checkbook	150		Administration
24. Issuance of accounting receipts 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 at Treasury.	50		All Areas

(*) On the daily average of the previous month.
() Per transaction up to a maximum of Bs 2,500.-

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//5. B.R. No. 232/2016

ANNEX

TABLE OF FINES OF THE CENTRAL BANK OF BOLIVIA

2017 FISCAL YEAR

DESCRIPTION	Bs.	USD.	(%)	RESPONSIBLE DEPARTMENT
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 banknotes for deposit at the BCB				Treasury
For inadequate packaging failing to comply with what is established in BCB External Circulars (Per package).	550
ALADI Operations				International Operations
For each business day of delay in presenting the information of operations carried out through CPCRL – ALADI	440
Fund transfers 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