Regulatory Alerts2012-10-02 | SGDB N° 042/2012Added · Updated
SGDB N° 042/2012
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 October 15, 2012. The amount deducted equals 1.25 per thousand of the average daily public liabilities from the previous quarter, requiring entities to ensure sufficient fund provisions.
EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA
La Paz, October 02, 2012 SGDB No. 042/2012
FROM: GENERAL MANAGEMENT FINANCIAL ENTITIES MANAGEMENT TO: FINANCIAL ENTITIES (BANKS, MUTUALS, COOPERATIVES, AND PRIVATE 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 October 15, 2012.
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 fund provision.
Sincerely,
[Signature] CRO/MMV/MAAM/LPY/FCL