Circular SGDB No. 017/2018: Interconnection and Interoperability for Electronic Fund Transfer Orders

EXTERNAL CIRCULAR
La Paz, March 28, 2018
SGDB No. 017/2018.
FROM: GENERAL MANAGEMENT
FINANCIAL ENTITIES MANAGEMENT
FINANCIAL INTERMEDIATION ENTITIES, CASH
ESPM, ENTEL FINANCIERA ESPM, ACCL S.A.
'INTERCONNECTION AND INTEROPERABILITY FOR THE
PROCESSING OF ELECTRONIC ORDERS
FOR FUNDS TRANSFER TO ACCOUNTS IN THE
FINANCIAL SYSTEM'
TO:
SUBJECT:
Ladies and Gentlemen:
Within the framework of the Regulation of the Deferred Settlement Module of the Integrated Payments System (MLD), approved by Board Resolution of the Central Bank of Bolivia (BCB) No. 203/2016 of October 18, 2016, all Financial Intermediation Entities participating in the LIP must offer their account holders in the financial system the service of Electronic Fund Transfer Orders (OETF) for the processing of fund transfers between holder accounts through some Compensation and Settlement Chamber for OETF or the MLD1. Complementarily, the Second Transitional Provision (Adaptation Period for the Interconnection of Participants in the Hybrid Settlement Module - MLH) of this same Regulation states that the BCB, through a General Management Circular, will define the deadline for LIP participants by entity type to integrate into the MLD through the use of the computer development they define for the processing of OETF. In this context, the following schedule is established with the deadlines, timeframes, and tasks that participating entities of the LIP must carry out to make the electronic transfer service to accounts in the entire financial system available to their account holders through connection with the MLD of the LIP.