BANCO CENTRAL DEL ECUADOR

International Payment Systems

OVERSEAS TRANSFERS
 
The Central Bank of Ecuador, as a financial entity of the State, executes the transfer of resources from public sector and private financial system entities, to and from overseas, from the current account of a customer in Ecuador to the account of a beneficiary at a foreign financial institution.
 
 
PRIVATE AND PUBLIC EXTERNAL DEBT BULLETIN
 
It is a systematic compiling of public and private foreign loan contracting information, disbursements, amortizations, interests and commissions of each of the foreign loans.
 
 
PRIVATE SECTOR EXTERNAL CREDIT REGISTRY
 
The Central Bank of Ecuador registers external loans in currencies agreed to by individuals or legal entities domiciled in the country, with financial entities, head offices and other residents outside the national territory. Overdrafts in current accounts are excluded from these records. 
 
For the registration of external loans, the debtor must submit the application in the form established for said purpose, within the 45 calendar days counted as of the date of disbursement, as long as the payment term of said obligations is valid at the registration date.
 
In the online form, all information required for the operation must be registered, following which it shall be printed, and along with supporting documentation, must be submitted to the International Payments Office (located at the BCE Headquarters), for its registration.
 
 
FOREIGN INVESTMENT REGISTRY
 
The Central Bank of Ecuador registers direct, subregional and neutral foreign investments and reinvestments, performed in the social or assigned capital of companies domiciled in Ecuador, through currencies.
 
For the record, the foreign investor, their proxy or chief executive, or the legal representative of the company receiving the investment, shall attach to the established form, copies of the respective documents, as per the foreign investment modality in question.