Resolution 096/2006 Approving Service Fees and Fine Table for 2007

BOARD RESOLUTION NO. 096/2006

SUBJECT: INTERNATIONAL OPERATIONS MANAGEMENT – APPROVES SERVICE FEES AND FINE TABLE OF THE BCB FOR THE 2007 FISCAL YEAR.

HAVING SEEN:

Law No. 1670 of October 31, 1995.

The Statute of the BCB of October 21, 2005 and its modification approved via Board Resolution No. 031/2006 of April 18, 2006.

Board Resolution No. 146/2005 of November 15, 2005, which approves the Service Fees and Other Revenues and the Fine Table of the Central Bank of Bolivia for the 2006 fiscal year.

Board Resolution No. 046/2006 of June 13, 2006, which modifies the commission for daily deposit and withdrawal of cash from the BCB vault.

The Report from the International Operations Management (GOI) No. 011/2006 of October 31, 2006.

The Report from the Legal Affairs Management (SANO) No. 221/2006 of November 3, 2006.

CONSIDERING:

That according to Article 54, subsection n) of Law No. 1670, it is the responsibility of the Board to formulate policies regarding the internal management of the BCB, supervising their execution.

That according to Article 11, numeral 45) of the Statute of the Central Bank of Bolivia, the Board has the authority to set annually the table of commissions to be charged for the services it provides.

That the fees charged by the Central Bank of Bolivia for the provision of banking and financial services are intended to cover their respective operating costs.

That it is necessary to periodically adjust the service fees and fines of the Central Bank of Bolivia, in order to adapt them to current market conditions.

THEREFORE,

THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BOLIVIA

RESOLVES:

//2. B.R. No. 096/2006

Article 1.- Approve the Service Fees and Fine Table of the Central Bank of Bolivia for the 2007 fiscal year, attached to this Resolution, which will enter into force as of January 2, 2007.

Article 2.- As of January 2, 2007, Board Resolutions Nos. 146/2005, 046/2006 and all provisions contrary to this Resolution are hereby repealed.

Article 3.- The Presidency and the General Management are charged with the execution and compliance of this Resolution.

La Paz, November 7, 2006

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Raúl Garrón Claure

______________________________ __________________________ Enrique Ackermann Arguedas Hugo Dorado Aranibar

__________________ __________________ _____________________ Jorge Casso Echart Hugo Argote Argote Gustavo Blacutt Alcalá

ANNEX
SERVICE FEES OF THE CENTRAL BANK OF BOLIVIA
2007 FISCAL YEAR

DESCRIPTION | Bs. (%) | RESPONSIBLE MANAGEMENT

1. Fund transfer abroad for the public sector | 0.10 |
2. Fund transfer abroad for the private sector | 0.20 |
3. Sending SWIFT messages, telex and others | 180 | International and Monetary Operations
4. Foreign Trade Operations
   a) Import Letters of Credit
   • Operations through CPCR-ALADI | 0.20 |
   • Opening and extension of Letters of Credit (annual) | 0.20 |
   • Amendments | 180 |
     b) Export Letters of Credit
   • Operations through CPCR-ALADI | 0.05 |
   • Notice and transfer | 180 |
     c) Standby Letter of Credit (annual) | 0.20 |
5. External Debt Payment (local or foreign) | 0.07 |
6. FRF Administration | 0.05 |
7. RAL M/E Fund Administration | 0.05 |
8. Accounts abroad for third parties | 3.00 |
9. Issuance and cancellation of international checks | 125 |
10. Check for collection | 0.35 |
11. Payment order from abroad | 0.50 |
12. Trust Administration | 1.00 | International Operations
13. Daily withdrawal of cash from the BCB vault
    a) National Currency
    For the second time and subsequent times | 500 | b) Foreign Currency From the first time (*) | 1,000 | 0.04
14. Administration of "C" Bonds | 0.03 |
15. Additional copy of monthly statements of special accounts | 10 |
16. Operation for tax sharing greater than Bs. 2,000.- | 7 | Monetary Operations
17. RAL M/N Fund Administration | 0.65 |
18. RAL UFV Fund Administration | 0.65 |
19. Maintenance of "Current Accounts" and "Current and Reserve Accounts" | 1,200 |
20. Interbank transfer with gloss via SIPAV | 40 |
21. Electronic operations in SIPAV | 7 | Financial Entities
22. MICR Checkbook | 120 | Administration

SERVICE FEES OF THE CENTRAL BANK OF BOLIVIA (Continuation) 2007 FISCAL YEAR

DESCRIPTION | Bs. (%) | RESPONSIBLE MANAGEMENT
23. Issuance of accounting vouchers for third parties, except for operations under the Legal Reserve Regulation, operations originated in contracts with commission collection clause in the GEF and GOM, open market operations, liquidity credits to the public sector and cash payment at the Treasury. | 34 | All Areas

(*) The percentage commission (%) is charged when the financial entity makes net withdrawals.

ANNEX
FINE TABLE OF THE CENTRAL BANK OF BOLIVIA
2007 FISCAL YEAR

DESCRIPTION | Bs. (%) | RESPONSIBLE MANAGEMENT Acquisition of BCB securities Insufficiency of funds in the accounts of the adjudicated financial entity | 2% on the nominal value of the securities | Contract for Delegated Administration Services for Correspondency

Treasury Service
For suspension of service in any district

• First day | 1,000 |
• Second day | 2,000 |
• From the third day onwards | 4,000 |
  For non-compliance in sending information to the BCB
• First time | 500 |
• Second time | 1,000 |
• From the third time onwards | 1,500 |
  For written complaint sent to the BCB by any financial entity harmed by the non-receipt and/or delivery of monetary material
• First complaint | 300 |
• Second complaint | 600 |
• From the third complaint onwards | 1,000 | Treasury
  Delay in delivery of remittances | Double the average active interest rate on the amount of the remittance | Delay or lack of communication of remittance in transit | 4,000 | Package of monetary material classified as unfit that contains more than 5 fit banknotes | 2 | Monetary Operations ALADI Operations For each business day of delay in presenting the information of the operations carried out through CPCR – ALADI | 400 | International Operations Fund transfers from accounts of the financial system
• For insufficiency of funds | 430 | Financial Entities
  Payments System
  Operations not covered in the schedules and deadlines established via General Management Circular | 440 | All Areas