Regulatory Alerts2012-06-15 | SGDB Nº 030/2012Added · Updated
SGDB No. 030/2012: Operational Procedure for the Internal Regulation of Operations under the ALADI Reciprocal Payments and Credits Agreement
Authorized financial institutions must register and authorize instruments, amendments, negotiations, and transfers in the ALADI Information and Registration System (SIR-ALADI) within five business days of the relevant event. Debits received by 16:00 must be authorized by 16:30 the same day, while those received later require authorization on the next business day. Reimbursement requests must be registered by 16:00, and institutions must submit semi-annual balance reconciliation reports by the fifth business day of January and July. The Central Bank of Bolivia imposes fines for delays in information submission and requires interest payments on refunds for improper reimbursements.
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