Regulatory Alerts2012-01-12 | SGDB Nº 001/2012Added · Updated
SGDB Nº 001/2012
The Central Bank of Bolivia debits the quarterly contribution to the Financial Restructuring Fund (FRF) from the current and reserve accounts of financial entities on January 16, 2012. The amount deducted equals 1.25 per thousand of the average daily public liabilities from the previous quarter, requiring entities to ensure sufficient fund provisions.
[Logo: BANCO CENTRAL DE BOLIVIA 1928]
13 JAN 2012 10 49 SENT
EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA
La Paz, January 12, 2012 SGDB No. 001/2012
FROM: GENERAL MANAGEMENT FINANCIAL ENTITIES MANAGEMENT TO: FINANCIAL ENTITIES (BANKS, MUTUALS, COOPERATIVES AND PRIVATE FINANCIAL FUNDS) SUBJECT: QUARTERLY FEE – CONTRIBUTION TO THE FINANCIAL RESTRUCTURING FUND (FRF)
Gentlemen:
The Central Bank of Bolivia notifies financial entities that, in application of Article 127 of Law No. 1488, it will debit the quarterly fee (contribution to the Financial Restructuring Fund) from their Current and Reserve Account or their Foreign Currency Reserve Account on January 16, 2012.
The debited amount will be equivalent to one point two five per thousand (1.25 ‰) of the daily average of public liabilities from the previous quarter; therefore, we kindly request that you make the respective fund provision.
Sincerely,
MZE/MMV/oid/LPY/MGP/rchb.