Regulatory Alerts2020-04-09 | CIEX N° 19/2020Added · Updated
CIEX No. 19/2020: Quarterly Contribution to the Saver Protection Fund
The Central Bank of Bolivia will debit the quarterly contribution to the Saver Protection Fund from the current and reserve accounts of financial intermediation entities on April 15, 2020. The amount debited equals 1.25 per thousand of the daily average public liabilities for the first quarter of 2020. Financial entities are required to ensure sufficient funds are available in their accounts to cover this deduction.
BANCO CENTRAL DE BOLIVIA PLURINATIONAL STATE OF BOLIVIA EXTERNAL CIRCULAR
La Paz, April 9, 2020 CIEX No. 19/2020
FROM: GENERAL MANAGEMENT FINANCIAL ENTITIES MANAGEMENT TO: FINANCIAL INTERMEDIATION ENTITIES SUBJECT: QUARTERLY FEE – CONTRIBUTION TO THE SAVER PROTECTION FUND
Ladies and Gentlemen:
The Central Bank of Bolivia notifies financial entities that, in application of Article 518 of Financial Services Law No. 393, it will debit the quarterly fee (contribution from financial entities) from their Current and Reserve Account or Reserve Account in national and foreign currency on April 15, 2020.
The debited amount will be equivalent to one point two five per thousand (1.25 ‰) of the daily average of public liabilities for the first quarter of 2020; therefore, we kindly request that you make the respective provision of funds.
Sincerely.
[Signature] JOAQUIN ROLANDO LÓPEZ BAKOVIC MANAGER OF FINANCIAL ENTITIES BANCO CENTRAL DE BOLIVIA
[Signature] ABEL F. SANJINÉS ÁLVAREZ GENERAL MANAGER a.i. BANCO CENTRAL DE BOLIVIA
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