Regulatory Alerts2014-10-07 | SGDB N° 042/2014Added · Updated
SGDB N° 042/2014
The Central Bank of Bolivia debits the quarterly contribution to the Savings Protection Fund from the accounts of financial entities on October 15, 2014. The amount deducted equals 1.25 per thousand of the average daily public liabilities from the previous quarter, requiring entities to ensure sufficient funds are available in their current, reserve, or foreign currency reserve accounts.
[Logo: Central Bank of Bolivia]
B.C.B. / DGD-VUC 2014 OCT -8 AM 10: 39
EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA La Paz, October 7, 2014 SGDB No. 042/2014
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 Financial Services Law No. 393, it will debit the quarterly fee (contribution from financial intermediation entities) from their current and reserve account or their foreign currency reserve account on October 15, 2014.
The debited amount will be equivalent to one point two five per thousand (1.25 o/oo) of the average daily public liabilities of the previous quarter; therefore, we request that you make the respective provision of funds.
Sincerely,
[Signature] WPP/MMV/MAAM/MGP/FCL
Ayacucho and Mercado • Tel: (591-2) 2409090 • P.O. Box: 3118 www.bcb.gob.bo • bcb@bcb.gob.bo • La Paz-Bolivia