Regulatory Alerts2013-01-08 | SGDB N° 002/2013Added · Updated
SGDB N° 002/2013
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 15, 2013. The amount deducted equals 1.25 per thousand of the average daily public liabilities from the previous quarter. This obligation applies to banks, mutuals, cooperatives, and private financial funds.
EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA
La Paz, January 8, 2013 SGDB No. 002/2013
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)
Ladies and 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 15, 2013.
The debited amount will be equivalent to one point two five per thousand (1.25 ‰) of the daily average of liabilities to the public from the previous quarter.
Sincerely,
[Signature] CRO/MMV/PMS/ECL