Regulatory Alerts2022-12-30 | CIEX N° 56/2022Added · Updated
CIEX No. 56/2022: Operations under the ALADI Reciprocal Payments and Credits Agreement
The Central Bank of Bolivia establishes a five-business-day deadline for authorized institutions to register, authorize, and submit documentation for instruments, negotiations, amendments, and received instruments within the ALADI Information and Registration System (SIR-ALADI). The circular mandates same-day authorization for incoming debits received before 16:00 hours, requires the submission of semi-annual balance reconciliation reports by the fifth business day of January and July, and imposes monetary fines for delays in reporting. Additionally, it sets a 16:00 hours deadline for reimbursement requests and defines interest calculations for refund reversal requests based on the SOFR rate plus six percentage points.
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