Regulatory Alerts2016-12-13 | RESOLUCIONES DE DIRECTORIO N° 232/2016Added · Updated
Board Resolution No. 232/2016 Approving Service Commission and Fine Tables for 2017
The Board of Directors of the Central Bank of Bolivia approves the Service Commission and Fine Tables for the 2017 fiscal year, effective January 3, 2017. This resolution revokes previous resolutions 223/2015 and 018/2016 and establishes specific fees for international operations, treasury services, and financial transaction accounts, alongside penalties for non-compliance such as insufficient funds or late reporting. The new rates apply to the public sector, the financial system, and other regulated entities for services including fund transfers, letters of credit, and electronic payments.
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.
//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
//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 |
//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.-
//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 |
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