Regulatory Alerts2012-04-10 | SGDB Nº 012/2012Added · Updated
SGDB No. 012/2012
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 April 16, 2012. 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 accounts.
[Logo: Central Bank of Bolivia]
EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA
La Paz, April 10, 2012 SGDB No. 012/2012
FROM: GENERAL MANAGEMENT FINANCIAL ENTITIES MANAGEMENT TO: FINANCIAL ENTITIES (BANKS, MUTUALS, COOPERATIVES, AND PRIVATE FINANCIAL 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 April 16, 2012.
The debited amount will be equivalent to one point two five per thousand (1.25 ‰) of the average daily public liabilities of the previous quarter; therefore, we request that you make the respective provision of funds.
Sincerely,
CRO/MMV/LPY/MGP/pag.