Regulatory Alerts2012-05-31 | SGDB Nº 029/2012Added · Updated
SGDB No. 029/2012: Registration of Early-Cancelled Time Deposits
Financial entities must record the number of the early-cancelled foreign currency time deposit, separated by a hyphen, in the operation number field alongside the new deposit number when processing early redemptions under Resolution No. 042/2012. This requirement applies to banks, mutuals, cooperatives, and private financial funds. The regulation mandates specific data entry protocols for these transactions to ensure accurate tracking.
CIRCULAR FROM THE CENTRAL BANK OF BOLIVIA
La Paz, May 31, 2012 SGDB No. 029/2012
FROM: GENERAL MANAGEMENT FINANCIAL ENTITIES MANAGEMENT TO: FINANCIAL ENTITIES (BANKS, MUTUALS, COOPERATIVES AND PRIVATE FINANCIAL FUNDS) SUBJECT: REGISTRATION OF EARLY-CANCELLED TIME DEPOSITS UNDER DIRECTORATE RESOLUTION No. 042/2012
Ladies and Gentlemen:
The Central Bank of Bolivia informs that financial entities processing early redemptions of foreign currency time deposits under the aforementioned regulation must register, in the operation number field, in addition to the new time deposit number, the number of the early-cancelled time deposit separated by a hyphen.
Sincerely,
[Signature]
CRO/CCL/LAPY/pag.