Regulatory Alerts2014-12-11 | SGDB N° 051/2014Added · Updated
SGDB N° 051/2014: Transfer of Funds from Dormant Accounts (Art. 1308 Commercial Code) to the General Treasury
The Central Bank of Bolivia mandates that starting December 15, 2014, the transfer of funds in national and foreign currency from dormant accounts under Article 1308 of the Commercial Code to the General Treasury (account 0764) must be processed through the Integrated Payment Liquidation System (LIP). This operational change requires financial institutions participating in the LIP to execute these transfers between 08:30 and 18:30, as detailed in the LIP Operational and IT Guide (v.1.0).
B.C.B. / DGD-VUC
2014 DIC 11 PM 3:34
CORRESPONDENCE GENERAL SENT
EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA
La Paz, December 11, 2014 SGDB No. 051/2014
| FROM: | GENERAL MANAGEMENT |
| FINANCIAL ENTITIES MANAGEMENT | |
| TO: | PARTICIPANTS IN THE INTEGRATED PAYMENT LIQUIDATION SYSTEM - LIP (FINANCIAL ENTITIES) |
| SUBJECT: | TRANSFER OF FUNDS FROM DORMANT ACCOUNTS ART. 1308 COMMERCIAL CODE TO THE GENERAL TREASURY |
Ladies and Gentlemen:
The Central Bank of Bolivia notifies participants in the LIP System that, starting December 15, 2014, operations involving the transfer of funds in national currency (M/N) and foreign currency (M/E) carried out by the financial sector crediting account 0764 T.G.N. Art. 1308 Commercial Code will be included in the LIP System with the following characteristics:
| OPERATION CODE | OPERATION NAME | SCHEDULE FOR OPERATING IN LIP |
|---|---|---|
| T02 | Transfer of balances from dormant accounts ART. 1308 Commercial Code | From 08:30 to 18:30 |
The modifications described are part of the Operational and IT Guide of the LIP System (v.1.0).
Sincerely,
(Signature) CCL/RPR/LIP/APM
Ayacucho and Mercado • Tel: (591-2) 2409090 • P.O. Box: 3118 www.bcb.gob.bo • bcb@bcb.gob.bo • La Paz-Bolivia