Resolution 144/2010 Approving Service Commission and Fine Tables for the Central Bank of Bolivia for the 2011 Fiscal Year

BOARD RESOLUTION NO. 144/2010
SUBJECT: INTERNATIONAL OPERATIONS MANAGEMENT - APPROVES
TABLE OF COMMISSIONS FOR SERVICES AND TABLE OF FINES
OF THE CENTRAL BANK OF BOLIVIA FOR THE 2011 FISCAL YEAR.

VIEWED:
The Law 1670 of October 31, 1995, of the Central Bank of Bolivia (BCB).
The Statute of the BCB approved by Board Resolution No. 128/2005 of October 21, 2005, and subsequent modifications. The Board Resolution No. 142/2009 of December 8, 2009, which approves the Table of Commissions for Services and the Table of Fines of the BCB for the 2010 fiscal year. The Board Resolution No. 100/2010 of August 31, 2010, which approves exclusions to the Table of Fines of the BCB for the 2010 fiscal year. The Report from the International Operations Management BCB-GOI-INF-2010-14 of December 14, 2010. The Report from the Legal Affairs Management BCB-GAL-INF-2010-425 of December 16, 2010.

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 BCB, the Board has among its powers the authority to set annually the table of commissions to be charged for the services it provides.

That the International Operations Management, according to Report BCB-GOI-INF-2010-14, states that the commissions charged by the BCB for the provision of banking and financial services are intended to cover their respective operating costs; therefore, it is necessary to periodically adjust these commissions to align them with current market conditions.

That as expressed in Report BCB-GAL-INF-2010-425, in the opinion of the Legal Affairs Management, there is no legal impediment for the Board to consider the approval of the Service Commission Tables and the Fine Tables of the BCB for the 2011 fiscal year.

THEREFORE,
THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BOLIVIA RESOLVES:

Article 1.- Approve the Table of Commissions for Services and the Table of Fines of the Central Bank of Bolivia for the 2011 fiscal year, which forms part of this Resolution as an annex, and which will enter into force as of January 3, 2011.

Article 2.- As of January 3, 2011, Board Resolutions Nos. 142/2009 and 100/2010 are repealed, as well as all provisions contrary to this Resolution.

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

La Paz, December 21, 2010

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Marcelo Zabalaga Estrada
_________________________ _________________________ Rolando Marín Ibáñez Hugo Dorado Araníbar _________________________ _________________________ Gustavo Blacutt Alcalá Ernesto Yáñez Aguilar _________________________ Rafael Boyán Téllez

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ANNEX
TABLE OF COMMISSIONS FOR SERVICES OF THE CENTRAL BANK OF
BOLIVIA
2011 FISCAL YEAR

DESCRIPTION | Bs. (%) | RESPONSIBLE MANAGEMENT

1. Fund transfers abroad for the public sector | 0.10 |
2. Fund transfers abroad for the financial system | 1.00 |
3. Fund transfers from abroad for the financial system, excluding operations through the BCB for exporters and remittances equal to or less than USD 1,000.-, and operations through the financial system for the Diplomatic Corps, Cooperation Agencies, International Organizations, and remittances equal to or less than USD 1,000.- | 0.60 |
4. Sending SWIFT messages and others | 190 | International and Monetary Operations
5. Foreign Trade Operations
   a) Import Letters of Credit

• Operations through CPCR-ALADI | 0.15 |
• Opening and extension of Letters of Credit (annual) | 0.15 |
• Amendments | 190 |
  b) Export Letters of Credit
• Operations through CPCR-ALADI | 0.05 |
• Notice and transfer | 190 |
  c) Standby Letter of Credit or Guarantee Bond (annual) | 0.15 |

6. Payment of External Debt (local or foreign) | 0.07 |
7. Administration of FRF (annual) | 0.05 |
8. Administration of RAL M/E Fund (annual) | 0.05 |
9. Issuance and cancellation of international checks | 130 |
10. Check for collection abroad | 190 |
11. Payment order from abroad | 0.60 |
12. Administration of Trusts (annual) | 1.00 | International Operations
13. Requests from the financial system for daily deposit or withdrawal of cash in national currency from the BCB vault, from the second time onwards | 525 |
14. Requests from the financial system for deposit of cash in US dollars in the BCB vault from the first time | 1,100 | 0.05 |
15. Requests from the financial system for withdrawal of cash in US dollars from the BCB vault from the first time | 1,100 | 0.06 |
16. Administration of "C" Bonds (annual) | 0.03 |
17. Operation for tax participation greater than Bs. 2,000.- | 8 | Monetary Operations

//3. B.D. No. 144/2010

ANNEX
TABLE OF COMMISSIONS FOR SERVICES OF THE CENTRAL BANK OF
BOLIVIA
2011 FISCAL YEAR

DESCRIPTION | Bs. (%) | RESPONSIBLE MANAGEMENT
18. Administration of RAL M/N Fund (annual) | 0.30 |
19. Administration of RAL UFV Fund (annual) | 0.05 |
20. Monthly maintenance of "Current Accounts", "Current and Reserve Accounts" | 1,000 | 0.04() |
21. Monthly maintenance of "Reserve Accounts" | 200 | 0.03() |
22. Interbank transfer with gloss via SIPAV | 42 |
23. Electronic operations in SIPAV
a) From 8:30 to 14:00 hours | 6 | b) From 14:01 until the close of SIPAV | 9 | Financial Entities
24. MICR Checkbook | 130 | Administration
25. Issuance of accounting vouchers for third parties, except operations under the Legal Reserve Regulation, operations originated in contracts with commission collection clauses in GEF and GOM, open market operations, liquidity credits to the public sector, and cash payment at the Treasury. | 37 | All Areas

(*) On the daily average of the previous month.

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ANNEX
TABLE OF FINES OF THE CENTRAL BANK OF BOLIVIA
2011 FISCAL YEAR

DESCRIPTION | Bs. | USD. | (%) | 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 | | | Treasury
• 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 claim sent to the BCB by any financial entity harmed by the non-receipt and/or delivery of monetary material
• First claim | 300 | | |
• Second claim | 600 | | |
• From the third claim onwards | 1,000 | | |
  Delay in delivery of remittances | | | 1 per 5,000 of the remittance amount | Monetary Operations Delay or lack of communication of remittance in transit | 500 | | | Packaging of USD in bills for deposit at the BCB For inadequate packaging failing to comply with what is established in External Circulars of the BCB (By packaging). | 500 | | | ALADI Operations For each business day of delay in presenting information of operations carried out through CPCR – ALADI | 400 | | | International Operations Fund transfers from financial system accounts For insufficiency of funds | 450 | | | Financial Entities Payments System Operations not covered in the hours and deadlines established by General Management Circular | 500 | | | All Areas

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