Regulatory Alerts2015-03-03 | SGDB N° 007/2015Added · Updated
SGDB N° 007/2015
The Central Bank of Bolivia mandates that financial entities adopt version 2.01 of the Housing Price Index Information Capture System, introducing a new 'Concept Group' field for credit classification, enhanced consistency validators, and alerts for prices exceeding $5,000 per square meter. This version becomes effective on March 9, 2015, requiring February reports to be submitted in the new format and retroactive reports from February 2014 through January 2015 to be resubmitted by March 31, 2015. The update includes specific validation rules for property attributes such as age, land area, and construction costs to improve data quality.
B.C.B. / DGD-VUC
2015 MAR -4 PM 4:01
EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA La Paz, March 3, 2015 SGDB No. 007/2015
FROM: GENERAL MANAGEMENT FINANCIAL ENTITIES MANAGEMENT TO: FINANCIAL ENTITIES SUBJECT: INFORMATION CAPTURE SYSTEM FOR HOUSING PRICE INDEX VERSION 2.01
Ladies and Gentlemen:
The Central Bank of Bolivia informs financial entities that a new version of the reference system will be available for download and implementation on the intranet of the Financial System Supervision Authority. Version 2.01 includes the following changes:
- Introduces the new field Concept Group (grupo_concepto) in which it is recorded whether the credit was granted for:
- Housing mortgage credit (H)
- Social interest housing credit (S)
- Adds information consistency validators, with the objective of improving the quality of information sent by entities (See Annex 1).
- Implements alerts so that additional verification of submitted information records is carried out, in cases where the price/m2 (field calculated by the system) is greater than $5,000.
The new version will be in effect starting March 9, 2015, and the February report must be sent in this format. Reports covering the period from February 2014 to January 2015 must be sent using this new version by March 31, 2015. Any inquiries will be addressed at phone numbers 2661642 and 2661644 or via email at gbrizzia@bcb.gob.bo or mgarcia@bcb.gob.bo.
Sincerely,
[Signature] CARLOS A. COLODRO LÓPEZ GENERAL MANAGER a.i. CENTRAL BANK OF BOLIVIA
CCL/MMV/ODQ/MGP Ayacucho y Mercado • Tel:(591-2) 2409090 • P.O. Box: 3118 www.bcb.gob.bo • bcb@bcb.gob.bo • La Paz-Bolivia
ANNEX 1
| Field | Current Validator | Validator Version 2.01 | Recommendations |
|---|---|---|---|
| Disbursement Date | Not blank | Appraisal Date <= Disbursement Date | |
| Appraisal Date | Not blank | ||
| City | Not blank | ||
| General Code | Not blank (S/R) | ||
| Specific Code | Not blank (S/R) | ||
| Block Code | Not blank (0) | ||
| Detailed Address | |||
| Property Type | Not blank | Can only be 1-2-3 | |
| Age | Not blank | Is Number of years | The number of years the construction has must be reported, not the year in which the construction was carried out |
| Property Status | Not blank | Can only be 1-2-3-4 | |
| Land Square Meters | Not blank (0) | If land (3) then Land Square Meters >1<br>If house (1) then Land Square Meters >1<br>If apartment (2) then 0 | |
| Built Square Meters | Not blank (0) | If land (3) then Land Square Meters = 0<br>If house (1) then Land Square Meters >1<br>If apartment (2) then Land Square Meters >1 | When reporting a record corresponding to an apartment, the square meters of the apartment, storage room, and garage must be summed. Records should not be made for each room. |
| Sale Price | Not blank (0) | Recording the sale price is mandatory | |
| Total Appraisal Price | System calculates sum | ||
| Land Appraisal Price | Not blank (0) | If land (3) then land price >1<br>if house (1) then land price >1<br>if apartment (2) then 0 | |
| Construction Appraisal Price | Not blank (0) | If land (3) then Land Square Meters = 0<br>if house (1) then Land Square Meters >1<br>if apartment (2) then Land Square Meters >1 | When reporting a record corresponding to an apartment, the construction price of the apartment appraisal, storage room, and garage must be summed. Records should not be made for each room. |
| Commercialization Factor | Not blank (0) | Can only be 1-2-3-4-5 |
[Signature] MIREYA GARCIA PEÑA HEAD OF THE FINANCIAL INFORMATION DEPARTMENT a.i. CENTRAL BANK OF BOLIVIA