Regulatory Alerts2010-09-14 | Resolución 103/2010Added · Updated
Resolution 103/2010 Approving Internal Regulations for Operations Through the SUCRE
The Central Bank of Bolivia approves an internal regulation governing the use of the SUCRE system for cross-border payments by authorized operational banks and public entities. The regulation mandates that all payments processed through the SUCRE Central Clearing Chamber are irrevocable upon registration and payment. It establishes specific operational procedures, including the requirement for banks to notify the central bank of instrument issuance or receipt within ten business days, and defines the settlement currencies as Bolivianos or US Dollars. The document also clarifies that the central bank assumes no liability for disputes between authorized operational banks or their clients.
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