CIEX No. 56/2022: Operations under the ALADI Reciprocal Payments and Credits Agreement

EXTERNAL CIRCULAR La Paz, December 30, 2022 CIEX No. 56/2022 FROM: GENERAL MANAGEMENT INTERNATIONAL OPERATIONS MANAGEMENT TO: FINANCIAL ENTITIES SUBJECT: OPERATIONS UNDER THE ALADI RECIPROCAL PAYMENTS AND CREDITS AGREEMENT

Gentlemen:

In compliance with Article 29 of the Internal Regulations for Operations through the ALADI Reciprocal Payments and Credits Agreement (CPCR-ALADI), approved by Board Resolution No. 097/2022 of October 25, 2022, the Central Bank of Bolivia (BCB) establishes the following provisions:

1. Deadline for registration of Instruments issued or guaranteed in SIR-ALADI

Authorized Institutions have a maximum deadline of 5 (five) business days, counted from the next business day following the date on which they have issued or guaranteed an Instrument, to register and authorize it in the ALADI Information and Registration System (SIR-ALADI), attaching, as applicable, the SWIFT message of issuance of the Letter of Credit accompanied by the commercial invoice or other similar document, or the Payment Order, or the Bill of Exchange, or the Promissory Note.

2. Deadline for negotiation, cancellation, and amendments

Authorized Institutions must register and authorize in SIR-ALADI the negotiations, cancellations, modifications, or transfers of the Instruments, relating to the term, maturity date, amount, payment method, description of the goods, within a maximum deadline of 5 (five) business days, counted from the next business day following the date on which these are carried out.

3. Hours for authorization of debits received in SIR-ALADI

Debits received through SIR-ALADI by 16:00 hours must be authorized by Authorized Institutions by 16:30 hours.

Debits received after 16:00 hours must be authorized on the next business day.

4. Registration deadline for received Instruments

Authorized Institutions must register and authorize in SIR-ALADI all those Instruments issued or guaranteed, amendments, negotiations, and/or cancellations that they have received from Authorized Institutions abroad. For the purposes of this registration, they must attach the SWIFT issuance message or the guaranteed instrument.

This information must be registered within a maximum deadline of 5 (five) business days, counted from the next business day following the date on which they receive the notification.

The registration of this information is an indispensable condition for Authorized Institutions to have the right to reimbursement.

5. Deadline for reimbursement requests

Authorized Institutions must register and authorize in SIR-ALADI reimbursement requests by 16:00 hours.

6. Semi-annual balance reconciliation

By the fifth business day of January and July of each year, Authorized Institutions must send to the International Operations Management of the BCB a report generated in SIR-ALADI, with the detail of balances owed by instrument as of December 31 and June 30 respectively, which must be signed by authorized representatives. The BCB will reconcile the information and return a copy signed by the executives of the International Operations Management.

7. Debits for delays in information

The BCB will debit the amount in Bolivianos determined in the current Fine Table approved by the BCB Board, according to the deadlines set in points 1, 2, 4, and 6 of this Circular, calculated from the day following the expiration of the deadline.

8. Refund requests

Authorized Institutions that request a refund for the cancellation of an improper reimbursement, will make a payment to the BCB for the value of the reimbursement plus interest for the period between the date of the deposit and the cancellation of the operation, calculated at the SOFR rate of the date of cancellation, plus 6 (six) percentage points.

9. Other information

Authorized Institutions must provide the BCB with the information required regarding their operations under the CPCR-ALADI, within the requested deadline.

External Circular SGDB No. 030/2012 of June 15, 2012 is hereby repealed.

Sincerely.

SIGNED DIGITALLY Adriana Dennise Valle Rojas INTERNATIONAL OPERATIONS MANAGER Rubén Gonzalo Ticona Chique GENERAL MANAGER

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