Regulatory Alerts2013-10-07 | SGDB N° 033/2013Added · Updated
SGDB N° 033/2013
The Central Bank of Bolivia debits the quarterly contribution to the Financial Restructuring Fund from the current and reserve accounts of financial entities on October 15, 2013. The debit amount equals 1.25 per thousand of the average daily public liabilities from the previous quarter. Financial entities, including banks, mutuals, cooperatives, and private financial funds, are required to ensure sufficient funds are available for this deduction.
B.C.B. / DGD-VUC 2013 OCT -9 AM 11:49
EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA
La Paz, October 7, 2013 SGDB No. 033/2013
| FROM: | GENERAL MANAGEMENT |
| MANAGEMENT OF FINANCIAL ENTITIES | |
| TO: | FINANCIAL ENTITIES (BANKS, MUTUALS, COOPERATIVES, AND PRIVATE FINANCIAL FUNDS) |
| SUBJECT: | QUARTERLY FEE – CONTRIBUTION TO THE FINANCIAL RESTRUCTURING FUND (FRF) |
Gentlemen:
The Central Bank of Bolivia informs 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 October 15, 2013.
The debited amount will be equivalent to one point two five per thousand (1.25 ‰) of the daily average of public liabilities from the previous quarter; therefore, we request that you make the respective provision of funds.
Very sincerely,
[Signature] MMV/CCL/MAAM/LPV/FCLL
CENTRAL BANK OF BOLIVIA | 85 YEARS Contributing to the country's development
Ayacucho and Mercado • Tel: (591-2) 2409090 • P.O. Box: 3118 www.bcb.gob.bo • bcb@bcb.gob.bo • La Paz-Bolivia
[Quinua 2013 Logo International Year]