CIEX No. 47/2020: Authorization of UNILINK in the Integrated Payment Settlement System (LIP) and Establishment of Guarantee Limits for Compensation and Settlement

Calle Ayacucho esquina Mercado - Teléfono: (591-2) 2409090 - Fax: (591-2) 2661590 www.bcb.gob.bo - bancocentraldebolivia@bcb.gob.bo - La Paz – Bolivia EXTERNAL CIRCULAR La Paz, September 18, 2020 CIEX No. 047/2020 FROM: GENERAL MANAGEMENT FINANCIAL ENTITIES MANAGEMENT TO: PARTICIPANTS OF THE INTEGRATED PAYMENT SETTLEMENT SYSTEM (LIP), PARTICIPANTS OF THE MLD, PARTICIPANTS OF THE ACCL, PARTICIPANTS OF UNILINK SUBJECT: AUTHORIZATION OF UNILINK IN THE INTEGRATED PAYMENT SETTLEMENT SYSTEM (LIP) AND ESTABLISHMENT OF GUARANTEE LIMITS FOR COMPENSATION AND SETTLEMENT IN UNILINK

Ladies and Gentlemen:

The Central Bank of Bolivia communicates to all participants of the Integrated Payment Settlement System (LIP) that:
a) UNILINK S.A., the Administrator of Compensation and Electronic Payment Operations Clearing Chambers, has successfully completed the incorporation process into the LIP system, meeting the requirements set forth in the regulations, the Participation Contract, and the current Operational and IT Guides. Consequently, as of September 23, 2020, it is authorized as a participant and its account is approved for the processing and receipt of electronic transfers according to the following details:

Participant: UNILINK S.A.
Code: 995
Clearing Account: 7386 UNILINK – Compensation and Liquidation Services Entity.
PMND1: Operation E39
PMNA2: Operation E40
Increase in PMND: Operation E42
Payment of uncovered UNILINK PMND: M06T

1 PMND: Multilateral Net Debtor Position.
2 PMNA: Multilateral Net Creditor Position.

Calle Ayacucho esquina Mercado - Teléfono: (591-2) 2409090 - Fax: (591-2) 2661590 www.bcb.gob.bo - bancocentraldebolivia@bcb.gob.bo - La Paz – Bolivia b) In compliance with Section II of the Regulations on Payment Services, Electronic Payment Instruments, Compensation and Liquidation (RSPIEPCYL), the following procedure for communicating the Multilateral Net Debtor Position Limit (LPMND) and the schedules for expanding and reducing these limits for UNILINK operations is established:

1. Determination of LPMND - UNILINK and communication to the BCB
   Each participant, one day in advance of the start of the first operational cycle, will determine its LPMND - UNILINK for each currency denomination in which it will operate via written note to the Financial Entities Management. The determined limits will remain in effect until the participant submits a new written communication to the Financial Entities Management for modification.

2. Acceptance or rejection of LPMND - UNILINK
   The BCB, through the LIP System, will automatically verify that the limits requested by the participant comply with what is established in the RSPIEPCYL and will communicate its acceptance or rejection via email through the LIP System Help Desk.

3. Communication of the LPMND to UNILINK
   The BCB will communicate the LPMND - UNILINK amounts for each participant by currency denomination to UNILINK, prior to the start of its operations. This information will be sent through the LIP System.

4. Expansion and reduction of LPMND - UNILINK
   4.1 Participants may expand their LPMND - UNILINK before or during a cycle by transferring funds to UNILINK's clearing account. Likewise, during UNILINK's operational hours, participants may request via written note to the BCB's Financial Entities Management the expansion of their LPMND - UNILINK by currency denomination using uncompromised percentages of their RAL Fund or settlement guarantee. This expansion will take effect in the current operational cycle.

Calle Ayacucho esquina Mercado - Teléfono: (591-2) 2409090 - Fax: (591-2) 2661590 www.bcb.gob.bo - bancocentraldebolivia@bcb.gob.bo - La Paz – Bolivia
4.2 Reductions will be applied in the next UNILINK operational cycle starting from the receipt of the written note at the Financial Entities Management.

5. Schedules for communicating the LPMND - UNILINK
   Requests for modification of the LPMND - UNILINK will be received by the BCB during the hours of 8:30 a.m. to 3:30 p.m.
   In order to initiate the application of the described processes, participants must submit their request for the establishment and expansion of the LPMND - UNILINK by 3:00 p.m. each business day starting from the date of this circular.

For any inquiries, please contact the LIP Help Desk at Phones 2661623 – 2661627 and/or email ayudalip@bcb.gob.bo

Sincerely,

DIGITALLY SIGNED DOCUMENT
Joaquin Rolando Lopez Bakovic
FINANCIAL ENTITIES MANAGER
Abel Fernando Sanjines Alvarez
GENERAL MANAGER a.i.
Validate digital signatures at: validar.firmadigital.bo.
AFSA/JRLB/ropr/ampm/jmkt
C.c. File