SGDB No. 040/2012: Submission of Payment Card Statistical Information

CORRESPONDENCE
GENERAL
SENT OUT

EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA

La Paz, August 31, 2012
SGDB No. 040/2012

FROM: GENERAL MANAGEMENT
FINANCIAL ENTITIES MANAGEMENT
TO: FINANCIAL ENTITIES AND CLEARING AND SETTLEMENT SERVICE ENTITIES SUBJECT: SUBMISSION OF PAYMENT CARD STATISTICAL INFORMATION

Ladies and Gentlemen:

The Central Bank of Bolivia (BCB), in accordance with Article 14 of the Payment Services Regulation and Article 17 of the Electronic Payment Instruments Regulation, notifies all financial entities issuing and acquiring payment cards that, as providers of payment services, they are obligated to submit information regarding their payment card transactions to the Clearing and Settlement Service Entities (ESCL) with which they operate, using the formats defined with said entities.

The information must be sent to the ESCL on a monthly basis within the first five (5) business days following the period being reported.

The ESCL must consolidate the information, process it, and submit it to the BCB on a monthly basis within ten (10) business days following the month to which the information corresponds, in the formats established by the BCB.

Under Article 16 of the Electronic Clearing Chambers and Clearing and Settlement Services Regulation, the Central Bank of Bolivia may impose sanctions for non-compliance with the regulations.

Sincerely.

CRO/MMV/MAAM/PMS/FDM

Ayacucho y Mercado • Tel: (591-2) 2409090 • P.O. Box: 3118 bcb@bcb.gob.bo • La Paz - Bolivia