Regulatory Alerts2013-07-08 | SGDB N° 025/2013Added · Updated
SGDB No. 025/2013
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 July 15, 2013. 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.
[LOGO: BANCO CENTRAL DE BOLIVIA]
EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA
La Paz, July 8, 2013 SGDB No. 025/2013
| From: | GENERAL MANAGEMENT |
| FINANCIAL ENTITIES MANAGEMENT | |
| To: | FINANCIAL ENTITIES (BANKS, MUTUALS, COOPERATIVES, AND PRIVATE FUNDS) |
| SUBJECT: | QUARTERLY SHARE – 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 share (contribution to the Financial Restructuring Fund) from their Current and Reserve Account or their Foreign Currency Reserve Account on July 15, 2013.
The debited amount will be equivalent to one point two five per thousand (1.25 ‰) of the daily average of public liabilities from the previous quarter; therefore, we kindly request that you make the respective provision of funds.
Sincerely,
[LOGO: MMV/CCL/OID/LPY/FCLL] [LOGO: CENTRAL BANK OF BOLIVIA 85 YEARS] Ayacucho and Mercado • Tel: (591-2) 2409090 • P.O. Box: 3118 www.bcb.gob.bo • bcb@bcb.gob.bo • La Paz-Bolivia [LOGO: Quinua 2013 International Year]