RegAlert2024-04-05 | CIEX N° 9/2024Added · Updated
Substitution of Collateral for Liquidity Loans in CPVIS II Fund (Foreign to National Currency) for Cash Withdrawal at BCB
Financial Intermediation Entities (FIEs) are authorized to request the substitution of collateral for liquidity loans currently held in the CPVIS II Fund. This substitution allows FIEs to change the collateral from Foreign Currency to National Currency, enabling the subsequent withdrawal of Foreign Currency in cash from the Central Bank of Bolivia (BCB). To initiate this process, FIEs must submit a formal request to the BCB's Financial Entities and Treasury Managements one business day prior to the desired operation date, following the provided template. This measure is implemented under the amendment to the Legal Reserve Requirement Regulation, approved by Board Resolution N° 041/2024 on March 26, 2024.
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EXTERNAL CIRCULAR
La Paz, April 5, 2024
CIEX N° 9/2024
FROM: GENERAL MANAGEMENT
FINANCIAL ENTITIES MANAGEMENT
TREASURY MANAGEMENT
TO: FINANCIAL INTERMEDIATION ENTITIES
SUBJECT: REQUEST FOR SUBSTITUTION OF COLLATERAL FOR LIQUIDITY LOANS IN FORCE IN THE CPVIS II FUND FROM FOREIGN CURRENCY TO NATIONAL CURRENCY FOR CASH WITHDRAWAL AT THE BCB Gentlemen:
The Central Bank of Bolivia (BCB), within the framework of the amendment to the Legal Reserve Requirement Regulation for Financial Intermediation Entities, approved by Board Resolution N° 041/2024 of March 26, 2024, informs all Financial Intermediation Entities (FIEs) that, to request the substitution of collateral for liquidity loans in force in the CPVIS II Fund from Foreign Currency (FC) to National Currency and the subsequent withdrawal of FC in cash from the BCB, they must submit their request to the Financial Entities and Treasury Managements of the Issuing Entity, one business day before the requested date for the operation, and it must be submitted according to the attached note model. The withdrawal in FC will be carried out within the framework of the BCB's Monetary Material Administration Regulation. Sincerely. DIGITALLY SIGNED DOCUMENT Grisha Dalenka Fushimoto Arias ACTING TREASURY MANAGER Rolando Jorge Olmos Alcalá FINANCIAL ENTITIES MANAGER Sergio Callisaya Avila ACTING GENERAL MANAGER Validate digital signatures at: validar.firmadigital.bo SCA/RJOA/GDFA/pmms/jchg/pjhc
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Lineage: In force
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
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