Regulatory Alerts2019-06-04 | CIEX N° 34/2019Added · Updated
CIEX No. 34/2019: Receipt of Operational Request Procedures at the BCB
The Central Bank of Bolivia mandates that financial system entities submit operational request procedures through the Single Correspondence Window (VUC) on business days between 08:30 and 18:30, starting June 5, 2019. Requests must bear signatures previously accredited with the Bank, and the BCB reserves the right to reject documents containing errors, alterations, incompleteness, insufficient funds, or non-compliance with established norms. The circular also establishes specific forms for accrediting authorized signatures and repeals External Circular SGDB No. 056/2014.
BANCO CENTRAL DE BOLIVIA ESTADO PLURINACIONAL DE BOLIVIA
CIRCULAR EXTERNA
La Paz, May 31, 2019 CIEX No. 34/2019
FROM: GENERAL MANAGEMENT ADMINISTRATION MANAGEMENT
TO: ENTITIES OF THE FINANCIAL SYSTEM
SUBJECT: RECEIPT OF OPERATIONAL REQUEST PROCEDURES AT THE BCB
Ladies and Gentlemen:
The Central Bank of Bolivia (BCB) announces that starting June 5, 2019, entities of the financial system that carry out operational request procedures must comply with the following provisions:
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Receipt of Operational Request Procedures Operational Request Procedures will be received at the BCB through the Single Correspondence Window (VUC), on all business days from 08:30 to 18:30, in accordance with what is established in the Deadline Schedule for Processing Operations of the Financial System. Furthermore, the procedures must be directed to the corresponding operational area.
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Control of Authorized Signatures in Operational Request Procedures Operational Request Procedures must bear authorized signatures previously accredited with the BCB. Requests whose signatures do not match the records held by the BCB will not be accepted. Furthermore, the submission time will be verified. The BCB's operational areas may reject requests when the presented documentation contains errors, alterations, is incomplete, due to insufficient funds, or when they do not meet the requirements and norms established to carry out the operations.
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Accreditation of Authorized Signatures Requests for Accreditation (Registration or Cancellation, as applicable) will be carried out using the following Forms:
- Form 2860-005: Request for Registration of External Authorized Signatures
- Form 2860-006: Request for Cancellation of External Authorized Signatures
The Requesting Entities must download the cited forms from the BCB website, complete the information, attach the requirements, and send them to the BCB through the VUC.
The forms and the registration instruction are published in electronic format on the BCB Website at the address: https://www.bcb.gob.bo/firmasautorizadas
Requests for Accreditation of Signatures of signatories who are registered in another entity or in another position in the same entity will not be accepted; therefore, the corresponding cancellation must be previously requested with the BCB.
Attention notes are not required for the Accreditation procedure.
External Circular SGDB No. 056/2014 of December 31, 2014, is hereby repealed.
Sincerely,
[Signature] CACUEGDB
Attached: As cited
Copy: Archive
ANNEX 1 DEADLINE SCHEDULE FOR PROCESSING OPERATIONS OF THE FINANCIAL SYSTEM
| AREA | TYPE OF OPERATION | RECEIPT DEADLINE |
|---|---|---|
| GOM-SOMA | Request for credit to current account or reserve account at the order of the last holders for payment by maturity of public securities and/or Early Cancellations | 12:00 |
| GOM-SOMA | Authorization of debit to current accounts or reserve accounts of the liquidating Bank for the amount of 2% of the nominal value awarded as guarantee, for financial entities that do not possess accounts at the BCB | 12:00 |
| GOM-SOMA | Authorization of debit by the Liquidating Bank for placement of awarded securities for financial entities that do not possess accounts at the BCB | 12:00 |
| GOM-SOMA | Authorization of credit and/or debit by the Liquidating Bank for Repo operations with the BCB (Repo Auction) | 12:00 |
| GOM-SOMA | Authorization of credit and/or debit by the Liquidating Bank for Repo operations with the BCB (Money Desk) | 15:00 |
| GOM-SOSP | Transfer Orders (OTs) for customs collections | 15:00 |
| GOI-SOEXT | Request by Financial Entities not enabled in SIOC to purchase USD through the Bolsín | 15:00 |
| GOM-SOSP | Transfers to MEFP accounts | 17:00 |
| GEF-SRRA | Request for operations by FONDESIF Service Provision Contract | 18:00 |
| GEF-SRRA | Request for BUN operations | 18:00 |
| GEF-SSPSF | Operations enabled in the LIP System (declared in contingency) | 18:00 |
| GEF-SSPSF | Operations of the Financial System not enabled in the LIP System (CPVIS) | 18:00 |
| GOM-SOMA | Sending by the EDV of the list of dematerialized securities to be paid | 18:00 |
| GOM-SOMA | Sending by the EDV of communication of maturity of dematerialized securities with list of last holders to be paid | 18:00 |
| GOM-SOMA | Sending by the EDV of the report of Cancellation of Dematerialized Securities | 18:00 |