Regulatory Alerts2016-04-11 | SGDB N°017/2016Added · Updated
SGDB N°017/2016
The Central Bank of Bolivia debits the quarterly contribution to the Savings Protection Fund from financial entities' current and reserve accounts on April 15, 2016. The amount deducted equals 1.25 per thousand of the average daily public obligations from the previous quarter, requiring entities to ensure sufficient funds are available.
BCB-DGD-VUC BANCO CENTRAL DE BOLIVIA 16 APR 11 AM 10: 37 PLURINATIONAL STATE OF BOLIVIA EXTERNAL CIRCULAR N° GENERAL PROCEDURE La Paz, April 08, 2016 SGDB N° 017/2016
FROM: GENERAL MANAGEMENT FINANCIAL ENTITIES MANAGEMENT TO: FINANCIAL ENTITIES SUBJECT: QUARTERLY FEE – CONTRIBUTION TO THE SAVINGS PROTECTION FUND
Ladies and Gentlemen:
The Central Bank of Bolivia notifies Financial Entities that, in application of Article 518 of the Financial Services Law No. 393, it will debit the quarterly fee (contribution from Financial Entities) from their Current and Reserve Account or their Foreign Currency Reserve Account on April 15, 2016.
The debited amount will be equivalent to one point two five per thousand (1.25 ‰) of the average daily public obligations of the previous quarter; therefore, we request that you make the respective provision of funds.
Sincerely,
[Signature] RONALD O. VITO RIVERA FINANCIAL ENTITIES MANAGER a.i. BANCO CENTRAL DE BOLIVIA
[Signature] ABEL F. SANJINÉS ÁLVAREZ GENERAL MANAGER a.i. BANCO CENTRAL DE BOLIVIA
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