Regulatory Alerts2017-05-11 | SGDB N° 025/2017Added · Updated
SGDB N° 025/2017 - Provision of Funds for BCB Service Commissions
The Central Bank of Bolivia reminds participating entities in the Integrated Payment Liquidation System (LIP) of their obligation to maintain sufficient funds in their accounts to cover transactional and electronic service commissions. This requirement applies to stock agencies, investment fund management companies, and development financial institutions based on the Ninth and Tenth clauses of their service contracts. Entities must ensure timely processing of debits according to the annual commission table issued by the regulator.
[Logo: BANCO CENTRAL DE BOLIVIA]
BCB-DGD-VUC
BANCO CENTRAL DE BOLIVIA PLURINATIONAL STATE OF BOLIVIA
EXTERNAL CIRCULAR
La Paz, May 08, 2017 SGDB No. 025/2017
FROM: GENERAL MANAGEMENT FINANCIAL ENTITIES MANAGEMENT TO: STOCK AGENCIES, INVESTMENT FUND MANAGEMENT COMPANIES, AND DEVELOPMENT FINANCIAL INSTITUTIONS SUBJECT: PROVISION OF FUNDS FOR BCB SERVICE COMMISSIONS.
Ladies and Gentlemen:
The Central Bank of Bolivia (BCB) recalls that, pursuant to the "Account Opening for Reserve Requirements and Financial Services" and "Participation in the Integrated Payment Liquidation System (LIP)" contracts, signed with the Issuing Authority, participating entities in the LIP System must comply with the NINTH AND TENTH clauses, which refer to the provision of sufficient fund balances, allowing for the timely processing of the debit for Financial Transactional Services and Electronic Operations of the LIP System, in accordance with the Service Commission Table that the BCB issues annually.
For any inquiries, please contact the LIP Help Desk at Phones 2661623, 2661645, 2407262, 2147077 and/or email ayudalip@bcb.gob.bo.
Sincerely,
[Signature] RONALD O. PINTO RIBERA FINANCIAL ENTITIES MANAGER a.i. BANCO CENTRAL DE BOLIVIA
[Signature] CARLOS A. COLODRO LÓPEZ GENERAL MANAGER a.i. BANCO CENTRAL DE BOLIVIA
CCL/RPR/APM/JGC/jkt
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