Regulatory Alerts2015-01-07 | SGDB N° 002/2015Added · Updated
SGDB No. 002/2015 - Launch of the Internet Direct Securities Sales System
The Central Bank of Bolivia activates its Internet Direct Securities Sales System on January 12, 2015, allowing natural persons to purchase securities remotely. Participants in the Integrated Payment Liquidation System (LIP) must settle purchases using operation E09 or ACH transfers, while participants in the Electronic Compensation Chamber must accept ACH transfer orders from individuals. Financial institutions are required to update their digital certificates to include operation E09 by December 1, 2014, and follow specific data entry guidelines for ACH transfers to the Central Bank.
CIRCULAR EXTERNAL OF THE CENTRAL BANK OF BOLIVIA
La Paz, January 7, 2015 SGDB No. 002/2015
FROM: GENERAL MANAGEMENT MONETARY OPERATIONS MANAGEMENT TO: PARTICIPATING ENTITIES OF THE ELECTRONIC COMPENSATION CHAMBER AND PARTICIPATING ENTITIES OF THE INTEGRATED PAYMENT LIQUIDATION SYSTEM (LIP) SUBJECT: LAUNCH OF THE INTERNET DIRECT SECURITIES SALES SYSTEM
Ladies and Gentlemen:
The Central Bank of Bolivia (BCB) communicates to the participating entities of the Electronic Compensation Chamber and the participants of the LIP System that:
In compliance with the decision of the Open Market Operations Committee of the BCB, reflected in Ordinary Act No. 02/2015, and within the framework of Board Resolution 130/2014 which approves the "Regulation for the direct sale of securities to natural persons through electronic means," the BCB will put its Internet Direct Securities Sales System into production starting January 12, 2015.
Purchase operations registered by clients in the Internet Direct Securities Sales System may be settled via electronic transfers (LIP) with operation E09 (Direct Sale of Securities) or via electronic transfers through ACH.
In this context, participants of the Electronic Compensation Chamber and participants of the LIP System are reminded that the details of these operations were communicated through External Circulars SGDB No. 048/2014 and SGDB No. 052/2014, which are attached for reference.
Sincerely,
[Signature] ABEL F. SANJINES ALVAREZ MANAGER OF MONETARY OPERATIONS a.i. CENTRAL BANK OF BOLIVIA
[Signature] CARLOS A. COLODRO LÓPEZ GENERAL MANAGER a.i. CENTRAL BANK OF BOLIVIA
CCL/ASA/LCM/mavg.
Ayacucho and Mercado • Tel: (591-2) 2409090 • P.O. Box: 3118 www.bcb.gob.bo • bcb@bcb.gob.bo • La Paz-Bolivia
CIRCULAR EXTERNAL OF THE CENTRAL BANK OF BOLIVIA
La Paz, November 28, 2014 SGDB No. 048/2014
FROM: GENERAL MANAGEMENT MONETARY OPERATIONS MANAGEMENT FINANCIAL ENTITIES MANAGEMENT TO: PARTICIPATING ENTITIES OF THE INTEGRATED PAYMENT LIQUIDATION SYSTEM (LIP) SUBJECT: ENABLING IN THE INTEGRATED PAYMENT LIQUIDATION SYSTEM (LIP) OF THE CENTRAL BANK OF BOLIVIA'S DIRECT SECURITIES SALES OPERATION.
Ladies and Gentlemen:
The Central Bank of Bolivia (BCB) communicates to the participants of the LIP System:
In compliance with Board Resolution 130/2014 which approves the "Regulation for the direct sale of securities to natural persons through electronic means," it will begin its direct securities sales operations remotely through a web-based sales system provided by the BCB. The operation will allow the natural person to settle purchases of BCB securities via electronic transfers (LIP).
The operation enabled in the LIP for this effect is:
E09: Direct sale of securities
In order to initiate the application of the described process, participants must submit their request to add operation E09 Direct Sale of Securities to their valid digital certificates with a written note to the Financial Entities Management of the BCB by 6:00 PM on Monday, December 1, 2014.
Sincerely,
[Signature] MMV/SGA/LPC/TAB/AP/APM/JVR.
[Signature] CARLOS A. COLODRO LÓPEZ GENERAL MANAGER a.i. CENTRAL BANK OF BOLIVIA
Ayacucho and Mercado • Tel: (591-2) 2409090 • P.O. Box: 3118 www.bcb.gob.bo • bcb@bcb.gob.bo • La Paz-Bolivia
CIRCULAR EXTERNAL OF THE CENTRAL BANK OF BOLIVIA
La Paz, December 17, 2014 SGDB No. 052/2014
FROM: GENERAL MANAGEMENT MONETARY OPERATIONS MANAGEMENT FINANCIAL ENTITIES MANAGEMENT TO: PARTICIPATING ENTITIES OF THE ELECTRONIC COMPENSATION CHAMBER SUBJECT: CENTRAL BANK OF BOLIVIA PARTICIPANT OF THE ELECTRONIC COMPENSATION CHAMBER
Ladies and Gentlemen:
The Central Bank of Bolivia (BCB) communicates to the participating entities of the Electronic Compensation Chamber that:
In compliance with Board Resolution 130/2014 which approves the "Regulation for the direct sale of securities to natural persons through electronic means," it will begin its direct securities sales operations remotely through a web-based sales system provided by the BCB. The operation will allow the natural person to settle purchases of BCB securities via electronic transfers (ACH).
To this effect, the BCB became a participant of the Electronic Compensation Chamber starting in December of the current year. In this context, participants of this Chamber are reminded that they must accept transfer orders in favor of the BCB made by natural persons through electronic banking or on-platform at any agency or branch of their entities nationwide.
A brief guide is attached that explains the information that must be registered in the required fields to process transfers to the BCB in order to settle securities purchase operations.
Sincerely,
[Signature] RONALD O. PINTO RIBERA MANAGER OF FINANCIAL ENTITIES a.i. CENTRAL BANK OF BOLIVIA
[Signature] SERGIO M. CEREZO AGUIRRE MANAGER OF MONETARY OPERATIONS a.i. CENTRAL BANK OF BOLIVIA
[Signature] CARLOS A. COLODRO LÓPEZ GENERAL MANAGER a.i. CENTRAL BANK OF BOLIVIA
CCL/SCA/RPR/LCM/LIP/APM/mavg. Adj.: The cited.
Ayacucho and Mercado • Tel: (591-2) 2409090 • P.O. Box: 3118 www.bcb.gob.bo • bcb@bcb.gob.bo • La Paz-Bolivia
GUIDE FOR MAKING ELECTRONIC TRANSFERS TO THE BCB VIA ACH FOR THE SETTLEMENT OF SECURITIES PURCHASE OPERATIONS
Following the specific operational procedures of your financial entity, register the following information in the corresponding fields:
- DESTINATION FINANCIAL ENTITY: Central Bank of Bolivia
- BENEFICIARY NAME: Central Bank of Bolivia
- BENEFICIARY ACCOUNT TYPE: This field is indistinct. You may select the "Current Account" or "Savings Account" option.
- BENEFICIARY ACCOUNT NUMBER: In this field, enter only the Unique Purchase Code provided by the client.
- OPERATION TYPE: Select the "Others" option if this option is available, or the "Current Account/Savings Account" option.
- CURRENCY: Bolivianos
- BENEFICIARY EMAIL: ventadirecta@bcb.gob.bo
- BENEFICIARY TELEPHONE: 2664105 or 2662007
[Signature] LCM/mavg.