Regulatory Alerts2018-01-04 | 002 2018 sgdb extAdded · Updated
Circular SGDB No. 002/2018: Quarterly Contribution to the Saver Protection Fund
The Central Bank of Bolivia will debit the quarterly contribution to the Saver Protection Fund from the Current and Reserve Accounts of financial entities on January 15, 2018. The amount debited equals 1.25 per thousand of the average daily public liabilities from the previous quarter, calculated separately for each currency. Financial entities are required to ensure sufficient funds are available in their respective accounts to cover this deduction.
BANCO CENTRAL DE BOLIVIA PLURINATIONAL STATE OF BOLIVIA EXTERNAL CIRCULAR La Paz, January 2, 2018 SGDB No. 002/2018 FROM: GENERAL MANAGEMENT FINANCIAL ENTITIES MANAGEMENT TO: FINANCIAL ENTITIES SUBJECT: QUARTERLY CONTRIBUTION - CONTRIBUTION TO THE SAVER PROTECTION FUND
Dear Sirs and Madams:
The Central Bank of Bolivia notifies financial entities that, pursuant to Article 518 of the Financial Services Law No. 393, it will debit the quarterly contribution (contribution by Financial Entities) from their Current and Reserve Account or Reserve Account in National and Foreign Currency on January 15, 2018.
The debited amount will be equivalent to one point two five per thousand (1.25 per thousand) of the average daily public liabilities of the previous quarter in each currency; therefore, we kindly request that you provide the respective funds.
Sincerely, CCL/RPR/MVT/col/mug Ayacucho Street corner Mercado. Telephone: (591-2) 2409090 . Fax: (591-2) 2661590 www.bcb.gob.bo bancocentraldebolivia@bcb.gob.bo . La Paz Bolivia