Regulatory Alerts2015-10-12 | SGDB N°050/2015Added · Updated
SGDB No. 050/2015
The Central Bank of Bolivia debits the quarterly contribution to the Savings Protection Fund from the current and foreign currency reserve accounts of financial entities on October 15, 2015. The amount deducted equals 1.25 per thousand of the average daily public liabilities from the previous quarter. Financial entities are required to ensure sufficient funds are available in their accounts to cover this deduction.
B.C.B. / DGD-Vtif..; ET -9 Pfl CC: BANCO CENTRAL DE BOLIVIA ESTADO PLURINACIONAL DE BOLIVIA EXTERNAL CIRCULAR La Paz, October 8, 2015 SGDB No. 050/2015 FROM: GENERAL MANAGEMENT MANAGEMENT OF FINANCIAL ENTITIES TO: FINANCIAL ENTITIES SUBJECT: QUARTERLY FEE - CONTRIBUTION TO THE SAVINGS PROTECTION FUND
Ladies and Gentlemen:
The Central Bank of Bolivia informs financial entities that, in application of Article 518 of the Financial Services Law No. 393, it will debit the quarterly fee (contribution of Financial Entities) from their Current and Reserve Account or their Foreign Currency Reserve Account on October 15, 2015.
The debited amount will be equivalent to one point two five per thousand (1.25 ‰) of the daily average of obligations with the public from the previous quarter, so we would appreciate your making the respective provision of funds.
Sincerely,
GENERAL MANAGEMENT BANCO CENTRAL DE BOLIVIA CCUMMV1107D/mug C.c. Archive Ayacucho Street corner Mercado • Telephone: (591-2) 2409090 Fax: (591-2) 2406614 www.bcb.gob.bo • bancocentraldebolivia@bcb.gob.bo • La Paz Bolivia