SGDB No. 035/2014: Validity and Replacement of Payment Instruments for Financial Intermediation Entities in Transformation or Transformed

The Central Bank of Bolivia establishes replacement deadlines for payment instruments issued prior to transformation: checks must be replaced within nine months and credit, debit, or prepaid cards within two years, calculated from the effective date of the new entity denomination. During this period, transactions using these instruments remain compensable through clearing chambers and card administrators using the entities' new assigned codes. The Financial System Supervisory Authority (ASFI) is responsible for supervising this replacement process, and entities must report adopted measures to ASFI with a copy to the Central Bank.

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B.C.B. / DGD-VUC

2014 AUG 27 PM 2: 37

CORRESPONDENCE
GENERAL
SENT

EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA La Paz, August 26, 2014 SGDB No. 035/2014

FROM: GENERAL MANAGEMENT
FINANCIAL ENTITIES MANAGEMENT
TO: FINANCIAL INTERMEDIATION ENTITIES
SUBJECT: VALIDITY AND REPLACEMENT OF PAYMENT INSTRUMENTS FOR FINANCIAL INTERMEDIATION ENTITIES IN TRANSFORMATION OR TRANSFORMED

Ladies and Gentlemen:

The Central Bank of Bolivia communicates that entities in the process of transformation or transformed in accordance with Financial Services Law No. 393 and the provisions of the Financial System Supervisory Authority - ASFI:

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Lineage: In force

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Source: Banco Central de Bolivia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works