RegAlert2012-12-14 | SGDB N° 054/2012Added · Updated
SGDB No. 054/2012: Service Commission and Fine Tables for 2013
The Central Bank of Bolivia approves the 2013 Service Commission and Fine Tables, effective January 2, 2013, replacing previous resolutions 159/2011 and 048/2012. Financial entities are subject to specific percentage-based commissions on foreign transfers, letters of credit, and account maintenance, as well as fixed Boliviano fines for operational non-compliance such as insufficient funds, delayed ALADI reporting, and improper USD packaging.
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EXTERNAL CIRCULAR CENTRAL BANK OF BOLIVIA
La Paz, December 14, 2012
SGDB No. 054/2012
FROM: GENERAL MANAGEMENT
INTERNATIONAL OPERATIONS MANAGEMENT
TO: FINANCIAL ENTITIES
SUBJECT: SERVICE COMMISSION TABLE AND CENTRAL BANK OF BOLIVIA FINE TABLE FOR THE 2013 MANAGEMENT PERIOD
Ladies and Gentlemen:
Attached hereto, we send the Service Commission Table and the Central Bank of Bolivia Fine Table for the 2013 management period, approved by Board Resolution No. 212/2012 dated December 11, 2012, with effect from January 2, 2013.
Sincerely,
FLL/CVM/mca
Ayacucho and Mercado • Tel: (591-2) 2409090 • P.O. Box: 3118 bcb@bcb.gob.bo • La Paz - Bolivia
Central Bank of Bolivia
Board of Directors
BOARD RESOLUTION No. 212/2012
SUBJECT: INTERNATIONAL OPERATIONS MANAGEMENT - APPROVES SERVICE COMMISSION TABLE AND CENTRAL BANK OF BOLIVIA FINE TABLE FOR THE 2013 MANAGEMENT PERIOD.
HAVING SEEN:
Law 1670 of October 31, 1995, of the Central Bank of Bolivia (BCB).
The BCB Statute approved by Board Resolution No. 128/2005 of October 21, 2005 and subsequent modifications.
Board Resolution No. 159/2011 of December 13, 2011, which approves the Service Commission Table and the BCB Fine Table for the 2012 management period.
Board Resolution No. 048/2012 of April 24, 2012, which approves modifications to the BCB Service Commission Table for the 2012 management period.
The Report from the International Operations Management BCB-GOI-INF-2012-20 of December 5, 2012.
The Report from the Legal Affairs Management BCB-GAL-SANO-INF-2012-386 of December 7, 2012.
CONSIDERING:
That according to article 54, subsection n) of Law No. 1670, it is the responsibility of the Board to formulate policies regarding the internal management of the BCB, supervising their execution.
That according to article 11, numeral 45) of the BCB Statute, the Board has among its powers the authority to set annually the table of commissions to be charged for the services it provides.
That the International Operations Management, according to Report BCB-GOI-INF-2012-20, states that the commissions charged by the BCB for the provision of banking and financial services are intended to cover their respective operating costs, which is why it is necessary to periodically adjust these commissions, in order to adapt them to current market conditions.
That as expressed in Report BCB-GAL-SANO-INF-2011-386, in the opinion of the Legal Affairs Management, there is no legal impediment for the Board to consider the approval of the Service Commission Tables and the BCB Fine Tables for the 2013 management period.
//2. B.R. No. 212/2012
THEREFORE,
THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BOLIVIA RESOLVES:
Article 1.- Approve the Service Commission Table and the Fine Table of the Central Bank of Bolivia for the 2013 management period, which forms part of this Resolution as an annex, and which will enter into effect from January 2, 2013.
Article 2.- From January 2, 2013, Board Resolutions Nos. 159/2011 and 048/2012 are repealed, as well as all provisions contrary to this Resolution.
Article 3.- The Presidency and General Management are charged with the execution and compliance of this Resolution.
La Paz, December 11, 2012
//3. B.R. No. 212/2012
ANNEX
SERVICE COMMISSION TABLE OF THE CENTRAL BANK OF BOLIVIA 2013 MANAGEMENT PERIOD
| DESCRIPTION | Bs. | (%) | RESPONSIBLE MANAGEMENT | |
|---|---|---|---|---|
| 1. | Transfer of funds abroad for the public sector | 0.10 | International and Monetary Operations | |
| 2. | Transfer of funds abroad for the financial system | 1.00 | ||
| 3. | Fund transfers from abroad for the financial system, excluding operations through the BCB for exporters and remittances equal to or less than USD 1,000.-, and operations through the financial system for the Diplomatic Corps, Cooperation Agencies, International Organizations and remittances equal to or less than USD 1,000.- | 0.60 | ||
| 4. | Sending SWIFT messages and others | 200 | ||
| 5. | Foreign Trade Operations | International Operations | ||
| a) Import Letters of Credit | ||||
| * Operations through CPCR-ALADI | 0.15 | |||
| * Opening and expansion of Letters of Credit (annual) | 0.15 | |||
| * Amendments | 200 | |||
| b) Export Letters of Credit | ||||
| * Operations through CPCR-ALADI | 0.00 | |||
| * Advice and transfer | 200 | |||
| c) Standby Letter of Credit or Guarantee Bond (annual) | 0.15 | |||
| 6. | Payment of External Debt (local or foreign) | 0.07 | ||
| 7. | FRF Administration (annual) | 0.05 | ||
| 8. | RAL M/E Fund Administration (annual) | 0.05 | ||
| 9. | Issuance and cancellation of international checks | 130 | ||
| 10. | Check for collection abroad | 200 | ||
| 11. | Payment order from abroad | 0.60 | ||
| 12. | Trust Administration (annual) | 1.00 | ||
| 13. | Requests from the financial system for daily deposit or withdrawal of cash in national currency from the BCB vault, from the second time and subsequent times | 560 | Monetary Operations | |
| 14. | Requests from the financial system for deposit of cash in US dollars in the BCB vault from the first time | 1,100 | 0.08 | |
| 15. | Requests from the financial system for withdrawal of cash in US dollars from the BCB vault from the first time | 1,100 | 0.08 | |
| 16. | "C" Securities Administration (annual) | 0.03 | ||
| 17. | Operation for tax sharing greater than Bs. 2,000.- | 8 |
//4. B.R. No. 212/2012
ANNEX
SERVICE COMMISSION TABLE OF THE CENTRAL BANK OF BOLIVIA 2013 MANAGEMENT PERIOD
| DESCRIPTION | Bs. | (%) | RESPONSIBLE MANAGEMENT | |
|---|---|---|---|---|
| 18. | RAL M/N Fund Administration (annual) | 0.30 | ||
| 19. | RAL UFV Fund Administration (annual) | 0.05 | ||
| 20. | Monthly maintenance of "Current Accounts", "Current and Reserve Accounts" | 4,500 | 0.02 in Bs and 0.04 in USD (*) | Financial Entities |
| 21. | Monthly maintenance of "Reserve Accounts" for Mutuals | 1,000 | 0.02 in Bs and 0.04 in USD (*) | |
| 22. | Monthly maintenance of "Reserve Accounts" for Cooperatives | 500 | 0.02 in Bs and 0.04 in USD (*) | |
| 23. | Monthly maintenance of "Reserve Accounts" for Financial Funds | 1,500 | 0.02 in Bs and 0.04 in USD (*) | |
| 24. | Electronic operations in SIPAV | 3 | ||
| 25. | MICR Checkbook | 140 | Administration | |
| 26. | Issuance of accounting vouchers for third parties, except operations under the Legal Reserve Regulation, operations originated in contracts with commission collection clauses in the GEF and GOM, open market operations, liquidity credits to the public sector and cash payment in Treasury. | 40 | All Areas |
(*) On the daily average of the previous month.
//5. B.R. No. 212/2012
ANNEX
FINE TABLE OF THE CENTRAL BANK OF BOLIVIA
2013 MANAGEMENT PERIOD
| DESCRIPTION | Bs. | USD. | (%) | RESPONSIBLE MANAGEMENT |
|---|---|---|---|---|
| Acquisition of BCB securities | Monetary Operations | |||
| Insufficiency of funds in accounts of the adjudicated financial entity | 2% on the nominal value of the securities | |||
| Packaging of USD in bills for deposit at BCB | ||||
| For inadequate packaging failing to comply with what is established in External Circulars of the BCB (Packaging). | 500 | |||
| ALADI Operations | International Operations | |||
| For each business day of delay in presenting the information of operations carried out through CPCR – ALADI | 400 | |||
| Fund transfers from financial system accounts | Financial Entities | |||
| For insufficiency of funds | 450 | |||
| Transfers by documentary means | ||||
| For operations enabled in SIPAV and not declared in contingency | 250 | |||
| Payment System | All Areas | |||
| Operations not covered in the schedules and deadlines established by General Management Circular | 500 |
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