Circular 065 (2023)

16 November 2023
Circular No. SBP-DR-0065-2023

To:
General Manager
E. S. D.

Reference: Submission of Liquidity Reports
(LS02) and (AT10).

Dear General Manager:

We take the liberty of informing you that this Superintendency of Banks, taking into consideration the potential effects on the normal operation of the banking system as a result of protests and road closures that have reduced economic and commercial activity throughout the country, and in accordance with the powers established in Article 17 of Agreement No. 4-2008 of 24 July 2008 regarding compliance with the legal liquidity index, has deemed it appropriate to determine changes in the frequency for the weekly submission of liquidity reports by banks.

In this regard, the requirement for the submission of the Liquidity Atom (LS02) in addition to the Liquidity Atom (AT10) is established, so that banks submit reports related to the calculation of the liquidity index, which must be sent to this Superintendency through the ITBANk system twice a week as follows:

• Liquidity Atom (LS02): Submission of the liquidity report with figures as of the close of Tuesday of each week (or the second business day of the week) by 12:00 noon on Wednesday (or the third business day of the week) through the Liquidity Atom (LS02), maintaining the closing date in the reported file.

Consequently, it is established that at the aforementioned deadline, the liquidity of each bank must be loaded into the Superintendency of Banks' system. The submission of the Structure of Maturity of Assets and Liabilities (EVAP) as of the close of Tuesdays (or the second business day of the week) will not be necessary.

• Liquidity Atom (AT10): The submission of the liquidity report with figures as of the close of Friday of each week by 12:00 midnight (midnight) on the following Sunday (deadline) through the Liquidity Atom (AT10) and the Structure of Maturity of Assets and Liabilities (EVAP) is maintained, maintaining the closing date in the reported files. In this sense, it is clearly established that, on the first business day of the week, the liquidity of each bank must be loaded into the Superintendency of Banks' system.

Circular No. SBP-DR-0065-2023

The provisions related to the Liquidity Atom (LS02) will apply starting Tuesday, 21 November 2023.

We request that the General Manager issue pertinent instructions to their staff for compliance with this Circular.

Sincerely,

Amauri A. Castillo
Superintendent
ARV/ld