SGDB N° 037/2014: Social Housing Credit Interest Rates and Exchange Rate System Version 4.32

B.C.B. / DGD-VUC

2014 SEP - 1 AM 11: 10

CORRESPONDENCE
GENERAL
SENT OUT

EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA

La Paz, August 29, 2014
SGDB No. 037/2014

FROM: GENERAL MANAGEMENT
FINANCIAL ENTITIES MANAGEMENT
TO: FINANCIAL ENTITIES
SUBJECT: OPERATIONS CAPTURE SYSTEM: INTEREST RATES AND EXCHANGE RATE VERSION 4.32

Ladies and Gentlemen:

After reviewing the interest rate information for social housing loans reported through the reference system, errors in the reported information were identified. In this regard, entities must pay special attention to the following aspects:

• For loans intended for construction, renovation, and/or expansion, the reported commercial value must consider the value of the housing according to the appraisal plus the value of the construction budget as established in Supreme Decree No. 1842.
• The UFV quotation to convert the commercial value of the housing must be the one corresponding to the moment when the rate is agreed with the client, not that of the disbursement date.

Additionally, in order to improve the quality of the information sent, version 4.32 will be published, which will include information validators for social housing credits whose rates are outside the maximum limits established in Supreme Decree No. 1842.

The new version will be available for download on the intranet of the Financial System Supervisory Authority on Friday, September 5, 2014, with effect from September 9, 2014, so that information from September 8, 2014, can be reported. Inquiries will be attended to at telephone numbers 2661642 and 2661644 or via email at gbrizzia@bcb.gob.bo or mgarcia@bcb.gob.bo.

Sincerely,

[Signature]
WPP/MMV/MAAM/MGP

Ayacucho and Mercado • Tel: (591-2) 2409090 • P.O. Box: 3118 www.bcb.gob.bo • bcb@bcb.gob.bo • La Paz-Bolivia