Regulatory Alerts2013-03-06 | SGDB N° 010/2013Added · Updated
SGDB No. 010/2013: Characteristics of Check Forms and Security Elements
The Central Bank of Bolivia mandates that authorized financial intermediaries comply with specific technical dimensions, MICR printing standards, and security features for all check forms. Financial institutions must implement these requirements within 18 months of the circular's issuance, with the implementation timeline for the validator code to be determined by the Compensation and Settlement Chambers Administrator within 90 days. The regulation defines precise specifications for paper weight, tear resistance, magnetic ink composition, and watermarks to ensure the integrity of checks as payment instruments.
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