Circular SGDB No. 038/2018: Requirements to Participate in Open Market Operations and Fiscal Policy Securities Operations via the Electronic Auction System

BCB-OGD.VUC
: BANCO CENTRAL DE BOLIVIA
ESTADO PLURINACIONAL DE BOLIVIA
26 OCT 2018 16:27

EXTERNAL CIRCULAR GENERAL PROCESS
DESPATCHED

La Paz, October 26, 2018
SGDB No. 038/2018

FROM: GENERAL MANAGEMENT
MONETARY OPERATIONS MANAGEMENT
MULTIPLE BANKS, BANKS, SMEs, HOUSING FINANCIAL ENTITIES, SAVINGS AND CREDIT COOPERATIVES, DEVELOPMENT FINANCIAL INSTITUTIONS, STATE FINANCIAL ENTITIES OR WITH MAJORITY STATE PARTICIPATION, BROKERAGE AGENCIES, INVESTMENT FUND MANAGEMENT COMPANIES, INSURANCE AND REINSURANCE COMPANIES, PENSION FUND ADMINISTRATORS

SUBJECT: REQUIREMENTS TO PARTICIPATE IN OPEN MARKET OPERATIONS AND OPERATIONS WITH SECURITIES FOR FISCAL POLICY PURPOSES THROUGH THE ELECTRONIC AUCTION SYSTEM (EAS)

TO:

Dear Sirs and Madams:

The Central Bank of Bolivia (BCB) communicates to the entities that hold a license of operation granted by the Financial System Supervision Authority (ASFI) or by the Supervision and Control Authority of Pensions and Insurance (APS), the requirements to participate in public auctions and the Money Market:

Direct Participants:
Multiple Banks, Banks, SMEs, Housing Financial Entities, Savings and Credit Cooperatives, Development Financial Institutions, State Financial Entities or with Majority State Participation, Brokerage Agencies, Investment Fund Management Companies, Insurance and Reinsurance Companies, Pension Fund Administrators, and other entities authorized for their operation by the competent authority:

1. Signature of the Electronic Auction and Repo Contract for Securities, for which a written request must be sent to the Monetary Operations Management of the BCB, attaching the following documents:

• Simple copy of the Entity's Deed of Incorporation and the Deed of the last Public Deed of Modification, if applicable.
• Legalized copy of the Power of Attorney for Legal Representation of the person(s) who will sign the contract.
• Simple copy of the Identity Card of the person(s) who will sign the contract.
• Simple copy of the electronic certification of registration in the National Taxpayer Registry with its respective Tax Identification Number (NIT).
• Simple copy of the Commercial Registration Certificate or Update of Registration, as applicable, issued by the Commercial Registry concessioned to FUNDEMPRESA, in the case of commercial companies.
• Copy of the Administrative Resolution issued by ASFI or APS granting the License of Operation.

Indirect Participants:
Non-financial natural and legal persons, through an authorized agent (Direct Participant):

The authorized agent must request in writing to the Monetary Operations Management of the BCB to include as a third party a specific non-financial natural or legal person, attaching the following documents:

a) Non-financial legal persons:

• Simple copy of the Entity's Deed of Incorporation and the Deed of the last Public Deed of Modification, if applicable.
• Simple copy of the electronic certification of registration in the National Taxpayer Registry with its respective Tax Identification Number (NIT).
• Simple copy of the Commercial Registration Certificate or Update of Registration, as applicable, issued by the Commercial Registry concessioned to FUNDEMPRESA, in the case of commercial companies.

b) Natural persons:

• Copy of Identity Card.

Sincerely,

[Signature]
GENERAL MANAGEMENT
MONETARY OPERATIONS MANAGEMENT
BANCO CENTRAL DE BOLIVIA

Calle Ayacucho esquina Mercado. Telephone: (591-2) 2409090 . Fax: (591-2) 2661590 www.bcb.gob.bo . bancocentraldebolivia@bcb.gob.bo . La Paz Bolivia