Regulatory Alerts2013-04-09 | SGDB N° 017/2013Added · Updated
SGDB N° 017/2013
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 April 15, 2013. The amount deducted equals 1.25 per thousand of the average daily public liabilities from the previous quarter, requiring entities to ensure sufficient funds are available in their accounts.
EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA
La Paz, April 09, 2013 SGDB No. 017/2013
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 April 15, 2013.
The debited amount will be equivalent to one point two five per thousand (1.25 ‰) of the average daily public liabilities of the previous quarter; therefore, we kindly request that you make the respective provision of funds.
Sincerely,
[Signature] CRO/MMV/MAAM/LPY