Accounting Manual for the Salvadoran Guarantee Fund — SSF — SV

THE STANDARDS COMMITTEE OF THE CENTRAL BANK OF RESERVE OF EL SALVADOR, CONSIDERING:
I. That article 7 letter n) of the Law on Supervision and Regulation of the Financial System establishes that the supervision of the Development Bank of El Salvador corresponds to the Superintendence of the Financial System.
II. That article 99 letter c) of the Law on Supervision and Regulation of the Financial System establishes that it corresponds to the Standards Committee to issue resolutions such as the approval of technical standards for the elaboration, approval, presentation, and dissemination of financial statements and supplementary information of the members of the financial system; for the determination of accounting obligations and the principles in accordance with which they must keep their accounting.
III. That article 71 of the Law on the Financial System for Development Promotion establishes the creation in the Development Bank of El Salvador of a Salvadoran Guarantee Fund, referred to as "the Guarantee Fund" or "the FSG", which is a special patrimony with specific purposes and will be administered by the aforementioned Bank.
IV. That article 86 of the Law on the Financial System for Development Promotion establishes that all provisions and privileges established for the Development Bank of El Salvador, including the Supervision of the Superintendence, shall be applicable to operations carried out with the resources of the Guarantee Fund regulated by said Law.

THEREFORE, in virtue of the normative powers conferred by article 99 of the Law on Supervision and Regulation of the Financial System, AGREES to issue the following:

ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND

I. OBJECTIVES

General Objective
The objective of this manual is to provide the Salvadoran Guarantee Fund with the technical instrument that allows them to keep an orderly accounting record of transactions and operations of an economic and financial nature, with the purpose of presenting financial statements that reflect the economic and financial situation at a specific date, the operating results, and the cash flows that will serve for analysis and decision-making by administrators, institutions responsible for the regulation and oversight thereof. This manual is mandatory for the Salvadoran Guarantee Fund included in the Law on the Financial System for Development Promotion. In the text of this Manual, the expression "FSG" refers to the Salvadoran Guarantee Fund.
Specific Objectives
a) Provide an instrument that allows the FSG to keep accounting and its transactions uniformly. b) Provide a tool that facilitates the classification of all financial transactions of the FSG. c) Provide true, transparent, reliable, and timely accounting information to all users of the FSG. d) Allow greater efficiency in the exercise of supervision of the FSG by the Superintendence of the Financial System (Superintendence).

II. GENERAL STANDARDS

Minimum requirements for accounting records
The legal books must contain accounts of up to six digits and auxiliary accounts up to ten digits. In addition, what is established in Title II of Book Two of the Commercial Code must be complied with insofar as it does not oppose these standards.
Daily cut-off of operations for the recording of transactions
The FSG must carry out the daily cut-off of its operations until the hour in which they ordinarily provide their services; however, they may carry it out before the end of the working day, in which case the transactions carried out after the cut-off will be recorded with the date of the next business day and the corresponding accounting vouchers must be marked with the legend: "Extraordinary Service".

2.1 Accounting Period
The accounting period of the FSG will comprise from January 1 to December 31 of each calendar year, during its validity. Transactions are recorded daily, carrying out a daily closing, a monthly closing at the end of each month, and an annual closing at the end of each accounting year.

2.2 Accounting Basis

The accounting basis used for the recording of transactions is Accrual, meaning the effects of transactions and other events are recognized when they occur, recognition is given as they are incurred or accrued (and not when cash is received or paid) and they are recorded in the financial statements of the periods to which they relate.

Unforeseen operations
When any operation or transaction arises that is not provided for in this Account Manual, the FSG will communicate to the Superintendence regarding the transaction and the accounting criteria it intends to use. Along with the proposal for accounting treatment, it will describe the transaction or event, indicating its quantitative impact on the financial statements, and the reasons that, in the judgment of the competent administrative body, justify the proposed treatment. The request will be evaluated by the Superintendence who will analyze the proposal and submit it for approval by the Standards Committee of the Central Bank if appropriate.
Purification of accounting balances
Accounting balances must not contain data subject to confirmation, clarification, regularization, or definitive recording, when this depends on the FSG.
Update
Only the Central Bank of Reserve of El Salvador, through the Standards Committee, can make changes to this Manual; nevertheless, the FSG can expand the accounts by disaggregating them beyond ten digits, provided that such expansion corresponds to the concept of the account, for which the FSG must internally establish who will be responsible for the expansion of accounts.
Responsibility for information
The directors, managers, and employees responsible for the preparation or review of accounting information will be responsible for errors, omissions, and irregularities contained therein. The information received by the Superintendence may be modified within the period established for its presentation; once this period has expired, it will be considered definitive; however, the FSG may request the respective substitution justifying it appropriately, notwithstanding being authorized for it, the information will be considered received out of time for the pertinent legal effects. The accounting balances to be sent to the Superintendence include accounts of up to ten digits. When the supervisory entity requires it, it may request greater disaggregation of the accounts.

III. MAIN APPLICABLE ACCOUNTING PRINCIPLES
The FSG must keep its accounting based on the Accounting Standards issued by the financial regulator, the provisions contained in this Manual, and the International Financial Reporting Standards (IFRS) using the most conservative option when the Standards Committee of the Central Bank of Reserve has not manifested itself regarding any of the permitted options; in the case that the event, transaction, or accounting operation is not specifically regulated by the aforementioned International Standards, it must be accounted for using the Conceptual Framework for the Preparation and Presentation of Financial Statements of said standards.

IV. COMPONENTS OF THE MAIN LINE ITEMS
In order to satisfy the information needs of the different users of the FSG's financial statements, some line items were subdivided in such a way that it is feasible to obtain the institutional sectorization of the economy; the components of the accounting to which we refer are:
110 AVAILABLE FUNDS
112 TEMPORARY ACQUISITION OF DOCUMENTS
113 FINANCIAL INVESTMENTS
122 ASSETS RECEIVED IN PAYMENT OR AWARDED 211 LOANS 213 DISCOUNTED DOCUMENTS 911 COMMITMENTS ACQUIRED BY GRANTED GUARANTEES 913 RIGHTS AND OBLIGATIONS FOR OBTAINED CREDITS 914 ASSETS RECEIVED IN PAYMENT

The components and position of the above line items are described below:
01 CENTRAL BANK OF RESERVE
02 STATE ENTITIES
(All central government entities, public companies, decentralized institutions, social security funds, and municipalities) 03 PRIVATE COMPANY (All natural and legal persons and other entities dedicated to productive activities) 04 PRIVATE INDIVIDUALS (Natural persons who do not engage in any productive activity and non-profit legal persons)

05 BANKS
(All banks constituted in El Salvador)
06 OTHER ENTITIES OF THE FINANCIAL SYSTEM (Insurance companies, savings and credit societies, securities market entities, pension system, microfinance system, official credit institutions, general warehouses of deposit, foreign currency exchange houses, credit card issuers, bank subsidiaries and insurance companies, Deposit Guarantee Institute)

V. ACCOUNTING INFORMATION VALIDATION SYSTEM
The object of the validators described below is that the accounting information satisfies the minimum standards of consistency and quality that allow it to fulfill its purposes. The validators of the accounting information are the following:

The accounting equation is composed of the following elements:
Asset = Liability + Equity + Results
1 = 2 + 3 + (6 – 7 – 8)
The following account must have a zero balance at the end of each month:
a) 114199 Recoveries to apply.
The accounts starting with digits 1; 4; 7 and 8; must have a debit balance, except the following: (1)
a) 1129 Estimation for losses; b) 1139 Estimation for investment risk; c) 114899 Judicial collection recoveries; d) 1149 Estimation for uncollectibility; e) 1259 Estimation for uncollectibility of accounts receivable; f) 1329 Depreciation and loss by impairment of value.
The accounts starting with digits 2, 3, 5 and 6 must have a credit balance, except the following: (1)
a) 3140010201 Results of previous exercises – losses; and b) 3140020201 Results of the current exercise – losses.
Capital must be established based on the following equation: (1)

Capital = State Contributions.
3111 = 311101

The difference obtained by subtracting costs and expenses from income must be equal to the loss or profit obtained according to the statement of results, except on December 31, a figure that must appear in one of the following accounts, as appropriate: (1)
a) 3140020101 Results of the current exercise - profits; or b) 3140020201 Results of the current exercise - losses.
The accounts representing future rights, future commitments, and contingencies must maintain the following equality: (1)
5 = 4
The balances of the accounts detailed below must not vary from January to December of each year. (1)
a) 3130010100 Legal Reserve and b) 3210000101 Undistributable profits.
The balance of account 1259 Estimation for uncollectibility of accounts receivable must not be higher than that of account 1250 Accounts receivable. (1)

VI. DESCRIPTION OF THE CODIFICATION METHOD
1. First digit
The first digit identifies the element of the accounting, as follows:
1. Asset
2. Liability
3. Equity
4. Future Rights and Contingencies
5. Future Commitments and Contingencies
6. Income
7. Costs
8. Expenses
9. Off-balance sheet accounts

Second digit
Corresponds to the first two digits of the accounting account, it is the highest classification and allows grouping by the nature of the balance the values:
1.1 Current Assets
1.2 Other Assets
1.3 Fixed Assets
2.1 Financing Sources
2.2 Other Liabilities
3.1 Equity
3.2 Restricted Equity
4.1 Contingent Rights
5.1 Commitments by Contingencies
6.1 Income from Current Operations
6.2 Income from Other Operations
6.3 Other Income
7.1 Costs of Current Operations
7.2 Costs of Other Operations
8.1 Operating Expenses
8.2 Non-Operating Expenses
8.3 Direct Taxes
9.1 Financial Information
9.2 Financial Information by the contrary
9.3 Other off-balance sheet accounts by the contrary
Third digit
Corresponds to the grouping line item, and identifies the position of this within each of the previous classifications, for example:
Code Names Meaning
11 Current Assets
111 Available Funds First line item of intermediation assets 113 Financial Investments Third line item of intermediation assets
Fourth digit
It is a position used to indicate a specific characteristic of the line item, consequently, each digit has a particular meaning, the meanings are:
0 = Used when it is not necessary to indicate any characteristic

1 = Balances agreed up to one year term
2 = Balances agreed for more than one year term 3 = Balances agreed for 5 or more years term 4 = Balances with no determined term 5 = (Available for future use) 6 = (Available for future use) 7 = (Available for future use) 8 = Overdue balances 9 = Valuation line item (Estimations for losses or uncollectibility and accumulated depreciation)

In conclusion, the line item will always have four digits, even if it is not necessary to distinguish any characteristic, some examples are:
Code Names Meaning
1110
Available Funds First line item of "Current Assets" (In this case it is not necessary to distinguish any characteristic) 112 Temporary Acquisition of Documents Second line item of "Current Assets" 1121 Temporary Acquisition of Documents – Documents Acquired Up to One Year Term The number one in the fourth position indicates the term of the documents, for this case, up to one year term. 1128 Temporary Acquisition of Documents – Documents Overdue The number eight in the fourth position indicates that they are overdue documents 1129 Temporary Acquisition of Documents – Estimation for Losses The number nine of the fourth position indicates that it is a provision.

Fifth and sixth digits
They correspond to the account and identify its position within each line item, grouping the accounts by their ease of realization of cash from the easiest to realize to the most difficult, as follows:
Code Names Meaning
1110 Available Funds
111001 Cash First account of the Available Funds line item 111002 Deposits in the BCR Second account of the Available Funds line item

Due to the fact that two digits are used to identify the accounts, these can reach up to a number of ninety-nine; which gives flexibility to the catalog for future expansions. The maximum number of accounts within a line item, in this Catalog is seven.

Seventh and eighth digits
They correspond to the sub-account, and identify its position within each account, as follows:
Code Names Meaning
1110 Available Funds
111001 Cash
11100101 Cash central office First sub-account of the "cash" account 1141 For Loans Up to One Year Term 114103 Other entities of the Financial System 11410301 Original Loans First sub-account of the account "Other entities of the Financial System"

In some cases the account is not subdivided into sub-accounts; when this happens the digits of the sub-account will be zeros and the same name of the account will be used as follows:
Code Names Meaning
1110 Available Funds
01 Deposits in the BCR
00 Deposits in the BCR Sub-account of the account "Deposits in the BCR"

Due to the fact that two digits are used to identify the sub-accounts, these can reach up to a number of ninety-nine; which gives flexibility to the catalog for future expansions. The position 98, always indicates the existence of a sub-account that represents an asset valuation. The position 99, always indicates the existence of a sub-account that represents interest to be received or to be paid, as appropriate. The maximum number of sub-accounts within an account, in this Catalog is nine.

In addition to the two digits mentioned, each sub-account contains two others, which are used to specify a characteristic, as explained in the following letters.

Ninth and tenth digits
It is a position used to differentiate the class of currency that represents the balance of the sub-account. The meanings of the digits are:
01 = Local currency.
02 = Foreign currency.

To facilitate the reading of the account catalog, after the name of each sub-account, the initials ML or ME have been added, which mean Local Currency and Foreign Currency, respectively. With the first of the initials, the United States dollar is designated and with the second, all those currencies different from the United States dollar and the Salvadoran colón.

VII. ACCOUNT CATALOG FOR THE SALVADORAN GUARANTEE FUND
1 ASSET
11 CURRENT ASSETS
111 AVAILABLE FUNDS
1110 AVAILABLE FUNDS
111001 CASH
1110010101 General Cash- LC
1110010102 General Cash- FC
1110010201 Petty Cash- LC
1110010202 Petty Cash- FC
1110010301 Agencies - LC
1110010302 Agencies- FC
111002 DEPOSITS IN CBR
1110020101 On demand – LC
1110020102 On demand – FC
1110029901 Interest and other to be received – LC 1110029902 Interest and other to be received – FC 111004 DEPOSITS IN LOCAL BANKS 1110040101 Demand deposits- LC 1110040102 Demand deposits -FC

1110040201 Savings Deposits- LC
1110040202 Savings Deposits - FC
1110040301 Time deposits- LC
1110040302 Time deposits- FC
1110049901 Interest and other to be received-LC 1110049902 Interest and other to be received - FC 111006 DEPOSITS IN FOREIGN BANKS 1110060101 Demand deposits- LC 1110060102 Demand deposits- FC 1110060201 Savings Deposits- LC 1110060202 Savings Deposits- FC 1110060301 Time deposits- LC 1110060302 Time deposits- FC 1110069901 Interest and other to be received - LC 1110069902 Interest and other to be received- FC 112 TEMPORARY ACQUISITION OF DOCUMENTS 1121 DOCUMENTS ACQUIRED UP TO ONE YEAR TERM 112101 REPO OPERATIONS WITH THE CENTRAL BANK OF RESERVE 1121010101 Issued by the Central Bank of Reserve - LC 1121010102 Issued by the Central Bank of Reserve - FC 1121010301 Issued by private companies – LC 1121010302 Issued by private companies – FC 1121010501 Issued by banks – LC 1121010502 Issued by banks – FC 1121010601 Issued by other entities of the Financial System - LC 1121010602 Issued by other entities of the Financial System - FC 1121010701 Issued by entities from abroad – LC 1121010702 Issued by entities from abroad – FC 112102 REPO OPERATIONS WITH STATE ENTITIES 1121020101 Issued by the Central Bank of Reserve - LC 1121020102 Issued by the Central Bank of Reserve - FC 1121020301 Issued by private companies – LC 1121020302 Issued by private companies – FC 1121020501 Issued by banks – LC 1121020502 Issued by banks – FC 1121020601 Issued by other entities of the Financial System - LC 1121020602 Issued by other entities of the Financial System - FC 1121020701 Issued by entities from abroad – LC 1121020702 Issued by entities from abroad – FC 112103 REPO OPERATIONS WITH PRIVATE COMPANIES 1121030101 Issued by the Central Bank of Reserve - LC

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 1121030101 Issued by the Central Reserve Bank - DL 1121030102 Issued by the Central Reserve Bank - CL 1121030301 Issued by private companies – DL 1121030302 Issued by private companies – CL 1121030501 Issued by banks – DL 1121030502 Issued by banks – CL 1121030601 Issued by other entities of the Financial System - DL 1121030602 Issued by other entities of the Financial System - CL 1121030701 Issued by foreign entities – DL 1121030702 Issued by foreign entities – CL 112104 REPO OPERATIONS WITH INDIVIDUALS 1121040101 Issued by the Central Reserve Bank - DL 1121040102 Issued by the Central Reserve Bank - CL 1121040301 Issued by private companies – DL 1121040302 Issued by private companies – CL 1121040501 Issued by banks – DL 1121040502 Issued by banks – CL 1121040601 Issued by other entities of the Financial System - DL 1121040602 Issued by other entities of the Financial System - CL 1121040701 Issued by foreign entities – DL 1121040702 Issued by foreign entities – CL 112105 REPO OPERATIONS WITH BANKS 1121050101 Issued by the Central Reserve Bank - DL 1121050102 Issued by the Central Reserve Bank - CL 1121050301 Issued by private companies – DL 1121050302 Issued by private companies – CL 1121050501 Issued by banks – DL 1121050502 Issued by banks – CL 1121050601 Issued by other entities of the Financial System - DL 1121050602 Issued by other entities of the Financial System - CL 1121050701 Issued by foreign entities – DL 1121050702 Issued by foreign entities – CL 112106 REPO OPERATIONS WITH OTHER ENTITIES OF THE FINANCIAL SYSTEM 1121060101 Issued by the Central Reserve Bank - DL 1121060102 Issued by the Central Reserve Bank - CL 1121060301 Issued by private companies – DL 1121060302 Issued by private companies – CL 1121060501 Issued by banks – DL 1121060502 Issued by banks – CL 1121060601 Issued by other entities of the Financial System - DL 1121060602 Issued by other entities of the Financial System - CL

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 1121060701 Issued by foreign entities – DL 1121060702 Issued by foreign entities – CL 112107 STOCK MARKET OPERATIONS 1121070101 Issued by the Central Reserve Bank - DL 1121070102 Issued by the Central Reserve Bank - CL 1121070301 Issued by private companies – DL 1121070302 Issued by private companies – CL 1121070501 Issued by banks – DL 1121070502 Issued by banks – CL 1121070601 Issued by other entities of the Financial System - DL 1121070602 Issued by other entities of the Financial System - CL 1121070701 Issued by foreign entities – DL 1121070702 Issued by foreign entities – CL 1128 OVERDUE DOCUMENTS 112801 REPO OPERATIONS WITH THE CENTRAL RESERVE BANK 1128010101 Issued by the Central Reserve Bank - DL 1128010102 Issued by the Central Reserve Bank - CL 1128010301 Issued by private companies – DL 1128010302 Issued by private companies – CL 1128010501 Issued by banks – DL 1128010502 Issued by banks – CL 1128010601 Issued by other entities of the Financial System - DL 1128010602 Issued by other entities of the Financial System - CL 1128010701 Issued by foreign entities – DL 1128010702 Issued by foreign entities – CL 112802 REPO OPERATIONS WITH STATE ENTITIES 1128020101 Issued by the Central Reserve Bank - DL 1128020102 Issued by the Central Reserve Bank - CL 1128020301 Issued by private companies – DL 1128020302 Issued by private companies – CL 1128020501 Issued by banks – DL 1128020502 Issued by banks – CL 1128020601 Issued by other entities of the Financial System - DL 1128020602 Issued by other entities of the Financial System - CL 1128020701 Issued by foreign entities – DL 1128020702 Issued by foreign entities – CL 112803 REPO OPERATIONS WITH PRIVATE COMPANIES 1128030101 Issued by the Central Reserve Bank - DL 1128030102 Issued by the Central Reserve Bank - CL 1128030301 Issued by private companies – DL 1128030302 Issued by private companies – CL

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 1128030501 Issued by banks – DL 1128030502 Issued by banks – CL 1128030601 Issued by other entities of the Financial System - DL 1128030602 Issued by other entities of the Financial System - CL 1128030701 Issued by foreign entities – DL 1128030702 Issued by foreign entities – CL 112804 REPO OPERATIONS WITH INDIVIDUALS 1128040101 Issued by the Central Reserve Bank - DL 1128040102 Issued by the Central Reserve Bank - CL 1128040301 Issued by private companies – DL 1128040302 Issued by private companies – CL 1128040501 Issued by banks – DL 1128040502 Issued by banks – CL 1128040601 Issued by other entities of the Financial System - DL 1128040602 Issued by other entities of the Financial System - CL 1128040701 Issued by foreign entities – DL 1128040702 Issued by foreign entities – CL 112805 REPO OPERATIONS WITH BANKS 1128050101 Issued by the Central Reserve Bank - DL 1128050102 Issued by the Central Reserve Bank - CL 1128050301 Issued by private companies – DL 1128050302 Issued by private companies – CL 1128050501 Issued by banks – DL 1128050502 Issued by banks – CL 1128050601 Issued by other entities of the Financial System - DL 1128050602 Issued by other entities of the Financial System - CL 1128050701 Issued by foreign entities – DL 1128050702 Issued by foreign entities – CL 112806 REPO OPERATIONS WITH OTHER ENTITIES OF THE FINANCIAL SYSTEM 1128060101 Issued by the Central Reserve Bank - DL 1128060102 Issued by the Central Reserve Bank - CL 1128060301 Issued by private companies – DL 1128060302 Issued by private companies – CL 1128060501 Issued by banks – DL 1128060502 Issued by banks – CL 1128060601 Issued by other entities of the Financial System - DL 1128060602 Issued by other entities of the Financial System - CL 1128060701 Issued by foreign entities – DL 1128060702 Issued by foreign entities – CL 112807 STOCK MARKET OPERATIONS

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 1128070101 Issued by the Central Reserve Bank - DL 1128070102 Issued by the Central Reserve Bank - CL 1128070301 Issued by private companies – DL 1128070302 Issued by private companies – CL 1128070501 Issued by banks – DL 1128070502 Issued by banks – CL 1128070601 Issued by other entities of the Financial System - DL 1128070602 Issued by other entities of the Financial System - CL 1128070701 Issued by foreign entities – DL 1128070702 Issued by foreign entities – CL 1129 ESTIMATION OF LOSSES FROM IMPAIRMENT 112900 ESTIMATION OF LOSSES FROM IMPAIRMENT 1129000001 Loss estimation – DL 1129000002 Loss estimation – CL 113 FINANCIAL INVESTMENTS 1130 SECURITIES HELD FOR TRADING 113001 OWN SECURITIES 1130010101 Issued by the Central Reserve Bank - DL 1130010102 Issued by the Central Reserve Bank - CL 1130010301 Issued by private companies – DL 1130010302 Issued by private companies – CL 1130010501 Issued by banks – DL 1130010502 Issued by banks – CL 1130010601 Issued by other entities of the Financial System - DL 1130010602 Issued by other entities of the Financial System - CL 1130010701 Issued by foreign entities - DL 1130010702 Issued by foreign entities - CL 1130010801 Issued by the Deposit Guarantee Institute - DL 1130010802 Issued by the Deposit Guarantee Institute - CL 1130019901 Interest and other receivables - DL 1130019902 Interest and other receivables - CL 113002 TRANSFERRED SECURITIES 1130020101 Issued by the Central Reserve Bank - DL 1130020102 Issued by the Central Reserve Bank - CL 1130020301 Issued by private companies - DL 1130020302 Issued by private companies - CL 1130020501 Issued by banks – DL 1130020502 Issued by banks – CL 1130020601 Issued by other entities of the Financial System - DL 1130020602 Issued by other entities of the Financial System - CL 1130020701 Issued by foreign entities - DL

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 1130020702 Issued by foreign entities – CL 1130020801 Issued by the Deposit Guarantee Institute - DL 1130020802 Issued by the Deposit Guarantee Institute - CL 1130029901 Interest and other receivables – DL 1130029902 Interest and other receivables – CL 1131 SECURITIES HELD TO MATURITY 113100 SECURITIES HELD TO MATURITY 1131000101 Issued by the Central Reserve Bank - DL 1131000102 Issued by the Central Reserve Bank – CL 1131000301 Issued by private companies – DL 1131000302 Issued by private companies – CL 1131000501 Issued by banks – DL 1131000502 Issued by banks – CL 1131000601 Issued by other entities of the Financial System - DL 1131000602 Issued by other entities of the Financial System - CL 1131000701 Issued by foreign entities – DL 1131000702 Issued by foreign entities – CL 1131000801 Issued by the Deposit Guarantee Institute - DL 1131000802 Issued by the Deposit Guarantee Institute - CL 1131009901 Interest and other receivables – DL 1131009902 Interest and other receivables – CL 1132 SECURITIES AVAILABLE FOR SALE 113200 SECURITIES AVAILABLE FOR SALE 1132000101 Issued by the Central Reserve Bank – DL 1132000102 Issued by the Central Reserve Bank – CL 1132000301 Issued by private companies - DL 1132000302 Issued by private companies - CL 1132000501 Issued by banks - DL 1132000502 Issued by banks - CL 1132000601 Issued by other entities of the Financial System - DL 1132000602 Issued by other entities of the Financial System - CL 1132000701 Issued by foreign entities - DL 1132000702 Issued by foreign entities - CL 1132000801 Issued by the Deposit Guarantee Institute - DL 1132000802 Issued by the Deposit Guarantee Institute - CL 1132009901 Interest and other receivables - DL 1132009902 Interest and other receivables - CL 1138 OVERDUE INVESTMENTS 113801 HELD FOR TRADING 1138010101 Issued by the Central Reserve Bank - DL 1138010102 Issued by the Central Reserve Bank - CL

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 1138010301 Issued by private companies - DL 1138010302 Issued by private companies - CL 1138010501 Issued by banks - DL 1138010502 Issued by banks - CL 1138010601 Issued by other entities of the Financial System - DL 1138010602 Issued by other entities of the Financial System - CL 1138010701 Issued by foreign entities - DL 1138010702 Issued by foreign entities - CL 1138010801 Issued by the Deposit Guarantee Institute - DL 1138010802 Issued by the Deposit Guarantee Institute - CL 1138019901 Interest and other receivables - DL 1138019902 Interest and other receivables - CL 113802 HELD TO MATURITY 1138020101 Issued by the Central Reserve Bank - DL 1138020102 Issued by the Central Reserve Bank - CL 1138020301 Issued by private companies - DL 1138020302 Issued by private companies - CL 1138020501 Issued by banks - DL 1138020502 Issued by banks - CL 1138020601 Issued by other entities of the Financial System - DL 1138020602 Issued by other entities of the Financial System - CL 1138020701 Issued by foreign entities - DL 1138020702 Issued by foreign entities - CL 1138020801 Issued by the Deposit Guarantee Institute - DL 1138020802 Issued by the Deposit Guarantee Institute - CL 1138029901 Interest and other receivables - DL 1138029902 Interest and other receivables - CL 113803 AVAILABLE FOR SALE 1138030101 Issued by the Central Reserve Bank - DL 1138030102 Issued by the Central Reserve Bank - CL 1138030301 Issued by private companies - DL 1138030302 Issued by private companies - CL 1138030501 Issued by banks - DL 1138030502 Issued by banks - CL 1138030601 Issued by other entities of the Financial System - DL 1138030602 Issued by other entities of the Financial System - CL 1138030701 Issued by foreign entities - DL 1138030702 Issued by foreign entities - CL 1138030801 Issued by the Deposit Guarantee Institute - DL 1138030802 Issued by the Deposit Guarantee Institute - CL 1138039901 Interest and other receivables - DL

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 1138039902 Interest and other receivables - CL 1139 ESTIMATION OF LOSSES FROM INVESTMENT RISK 113901 HELD FOR TRADING 1139010101 Held for trading DL 1139010102 Held for trading CL 113902 HELD TO MATURITY 1139020101 Held to maturity DL 1139020102 Held to maturity CL 113903 AVAILABLE FOR SALE 1139030101 Available for sale DL 1139030102 Available for sale CL 114 PLEDGED GUARANTEES 1141 FOR GUARANTEES ON LOANS UP TO ONE YEAR 114101 WITH COMPANIES 1141010101 Original loans - DL 1141010102 Original loans - CL 1141010201 Restructurings – DL 1141010202 Restructurings – CL 114102 WITH INDIVIDUALS 1141020101 Original loans - DL 1141020102 Original loans - CL 1141020201 Restructurings - DL 1141020202 Restructurings - CL 114103 NON-DOMICILED 1141030101 Original loans – DL 1141030102 Original loans – CL 1141030201 Restructurings – DL 1141030202 Restructurings - CL 114199 RECOVERIES TO BE APPLIED 1141990101 Recoveries to be applied - DL 1141990102 Recoveries to be applied - CL 1142 FOR GUARANTEES ON LOANS MORE THAN ONE YEAR 114201 WITH COMPANIES 1142010101 Original loans - DL 1142010102 Original loans - CL 1142010201 Restructurings – DL 1142010202 Restructurings – CL 114202 WITH INDIVIDUALS 1142020101 Original loans - DL 1142020102 Original loans - CL 1142020201 Restructurings – DL

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 1142020202 Restructurings – CL 114203 NON-DOMICILED 1142030101 Original loans – DL 1142030102 Original loans – CL 1142030201 Restructurings – DL 1142030202 Restructurings – CL 114299 RECOVERIES TO BE APPLIED 1142990101 Recoveries to be applied – DL 1142990102 Recoveries to be applied – CL 1148 OVERDUE GUARANTEES 114801 WITH COMPANIES 1148010101 Original loans - DL 1148010102 Original loans - CL 1148010201 Restructurings – DL 1148010202 Restructurings – CL 114802 WITH INDIVIDUALS 1148020101 Original loans - DL 1148020102 Original loans - CL 1148020201 Restructurings – DL 1148020202 Restructurings – CL 114803 NON-DOMICILED 1148030101 Original loans – DL 1148030102 Original loans – CL 1148030201 Restructurings – DL 1148030202 Restructurings – CL 114899 JUDICIAL COLLECTION RECOVERIES 1148990101 Original loans – DL 1148990102 Original loans – CL 1148990201 Restructurings – DL 1148990202 Restructurings – CL 1149 ESTIMATION OF LOSSES FROM PLEDGED GUARANTEES 114901 ESTIMATION BY GUARANTEES 1149010101 Estimates by risk category – DL 1149010102 Estimates by risk category – CL 1149010201 Voluntary estimates – DL 1149010202 Voluntary estimates – CL 1149010301 Estimate by portfolio management risk – DL 1149010302 Estimate by portfolio management risk – CL 1149010501 Generic estimates – DL 1149010502 Generic estimates - CL 1149010601 Special estimates – DL

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 1149010602 Special estimates – CL 12 OTHER ASSETS 122 PROPERTIES RECEIVED IN PAYMENT OR ADJUDICATED 1220 PROPERTIES RECEIVED IN PAYMENT OR ADJUDICATED 122001 REAL ESTATE 1220010101 Urban 1220010201 Rural 1220010301 Balance owed by debtors 122002 MOVABLE PROPERTY 1220020101 Movable Property 1220020201 Balance owed by debtors 122003 SECURITIES 1220030101 Valid – DL 1220030102 Valid – CL 1220030201 Overdue – DL 1220030202 Overdue – CL 1220030301 Balance owed by debtors 122004 CONSTRUCTIONS IN PROGRESS 1220040001 Constructions in progress 123 INVENTORY 1230 INVENTORY 123001 GOODS FOR SALE 1230010101 Others 123002 GOODS FOR CONSUMPTION 1230020101 Stationery, supplies and furnishings 1230020201 Others 124 PREPAID EXPENSES AND DEFERRED CHARGES 1240 PREPAID EXPENSES AND DEFERRED CHARGES 124001 INSURANCE 1240010101 On persons 1240010201 On goods 1240010301 On banking risks 1240010401 Others 124002 RENTALS 1240020101 Premises 1240020201 Equipment 124003 PREPAID INTEREST 1240030001 Prepaid interest – DL 1240030002 Prepaid interest – CL 124004 INTANGIBLES 1240040101 Computer programs – DL

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 124098 OTHER ADVANCED PAYMENTS 1240980101 Subscriptions and maintenance contracts 1240980901 Others 124099 OTHER DEFERRED CHARGES 1240990101 Advertising costs 1240990901 Others 1241 TAXES 124101 CURRENT INCOME TAX 1241010101 Advance payment 1241010102 Withheld tax 1241010103 Income tax remainder 124102 DEFERRED INCOME TAX 1241020101 Deferred income tax 125 ACCOUNTS RECEIVABLE 1250 ACCOUNTS RECEIVABLE 125001 FEES RECEIVABLE FOR GUARANTEES AND OTHERS 1250010101 Fees and surcharges for guarantees 1250010201 Revenue from service provision 1250010301 Others 125002 PAYMENTS ON BEHALF OF OTHERS 1250020101 Legal costs 1250020201 Other debtors 125003 ADVANCES 1250030101 To personnel – DL 1250030102 To personnel – CL 1250030201 To suppliers – DL 1250030202 To suppliers – CL 125004 RIGHTS WITH THE RE-GUARANTOR 1250040101 Claims pending collection 1250040901 Other claims 125005 FOR COMMISSION SERVICES BANKS 1250050401 Legal procedures to receive 1250050501 Other banking services –DL 1250050502 Other banking services – CL 125099 OTHERS 1250990301 Fiscal Credit – VAT 1250990901 Others – DL 1250990902 Others – CL 1259 ESTIMATION FOR UNCOLLECTABILITY OF ACCOUNTS RECEIVABLE 125900 ESTIMATION FOR UNCOLLECTABILITY OF ACCOUNTS RECEIVABLE 1259000001 Estimation for uncollectability of accounts receivable - DL

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 1259000002 Estimation for uncollectability of accounts receivable - CL 13 FIXED ASSET 131 NON-DEPRECIABLE 1310 NON-DEPRECIABLE 131001 LANDS 1310010100 Lands - acquisition value 1310019801 Lands - revaluation 131002 CONSTRUCTIONS IN PROGRESS 1310020100 Real estate 1310020200 Furniture 131003 FURNITURE AND EQUIPMENT TO USE 1310030100 Furniture and equipment in transit 1310030200 Furniture and equipment in existence 132 DEPRECIABLE 1320 DEPRECIABLE 132001 BUILDINGS 1320010100 Buildings 1320019801 Buildings - revaluation 132002 COMPUTING EQUIPMENT 1320020100 Computing equipment 1320020200 Software programs 1320029801 Computing equipment – revaluation 132003 OFFICE EQUIPMENT 1320030100 Office equipment 1320039801 Office equipment - revaluation 132004 FURNITURE 1320040100 Furniture 1320049801 Furniture – revaluation 132005 VEHICLES 1320050100 Vehicles 1320059801 Vehicles - revaluation 132006 MACHINERY, EQUIPMENT AND TOOLS 1320060100 Machinery, equipment and tools 1320069801 Machinery, equipment and tools - revaluation 132099 OTHERS 1320990100 Library 1329 DEPRECIATION AND LOSS FROM IMPAIRMENT 132900 ACCUMULATED DEPRECIATION 1329000100 Buildings 1329000200 Computing equipment 1329000300 Office equipment

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15 and 17 Norte Ave, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 1329000400 Furniture 1329000500 Vehicles 1329000600 Machinery, equipment and tools 1329000900 Others 132901 IMPAIRMENT 1329010100 Land 1329010200 Buildings 1329010300 Computer equipment 1329010400 Office equipment 1329010500 Furniture 1329010600 Vehicles 1329010700 Machinery, equipment and tools 1329010900 Others 133 AMORTIZABLES 1330 AMORTIZABLES 133001 CONSTRUCTIONS IN RENTED PREMISES 1330010100 Real estate 1330010200 Furniture 133002 REMODELING AND RECONFIGURATION IN OWN PREMISES 1330020100 Real estate 1330020200 Furniture 133099 OTHERS 1330990000 Others 2 LIABILITIES 21 SOURCES OF FINANCING 211 LOANS 2111 LOANS AGREED UP TO ONE YEAR TERM 211101 OWED TO STATE ENTITIES 2111010101 For core activities – LT 2111010102 For core activities – ST 2111010201 Others – LT 2111010202 Others – ST 2111019901 Interest and other payables – LT 2111019902 Interest and other payables – ST 211102 OWED TO BANKS 2111020101 For core activities – LT 2111020102 For core activities – ST 2111020201 Others – LT 2111020202 Others – ST 2111029901 Interest and other payables – LT 2111029902 Interest and other payables – ST

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15 and 17 Norte Ave, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 211103 OWED TO OTHER ENTITIES OF THE FINANCIAL SYSTEM 2111030101 For core activities – LT 2111030102 For core activities – ST 2111030201 Others – LT 2111030202 Others – ST 2111039901 Interest and other payables – LT 2111039902 Interest and other payables – ST 211104 OWED TO OTHER FOREIGN ENTITIES 2111040101 For core activities – LT 2111040102 For core activities – ST 2111040201 Others – LT 2111040202 Others – ST 2111040301 To multilateral organizations – LT 2111040302 To multilateral organizations – ST 2111049901 Interest and other payables – LT 2111049902 Interest and other payables – ST 211109 OTHER CREDITORS 2111090101 For core activities – LT 2111090102 For core activities – ST 2111090201 Others – LT 2111090202 Others – ST 2111099901 Interest and other payables – LT 2111099902 Interest and other payables – ST 2112 LOANS AGREED FOR MORE THAN ONE YEAR AND LESS THAN FIVE YEARS 211201 OWED TO STATE ENTITIES 2112010101 For core activities – LT 2112010102 For core activities – ST 2112010201 Others – LT 2112010202 Others – ST 2112019901 Interest and other payables – LT 2112019902 Interest and other payables – ST 211202 OWED TO LOCAL BANKS 2112020101 For core activities – LT 2112020102 For core activities – ST 2112020201 Others – LT 2112020202 Others – ST 2112029901 Interest and other payables – LT 2112029902 Interest and other payables – ST 211203 OWED TO OTHER ENTITIES OF THE FINANCIAL SYSTEM 2112030101 For core activities – LT 2112030102 For core activities – ST

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15 and 17 Norte Ave, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 2112030201 Others – LT 2112030202 Others – ST 2112039901 Interest and other payables – LT 2112039902 Interest and other payables – ST 211204 OWED TO OTHER FOREIGN ENTITIES 2112040101 For core activities – LT 2112040102 For core activities – ST 2112040201 Others – LT 2112040202 Others – ST 2112040301 To multilateral organizations – LT 2112040302 To multilateral organizations – ST 2112049901 Interest and other payables – LT 2112049902 Interest and other payables – ST 211209 OTHER CREDITORS 2112090101 For core activities – LT 2112090102 For core activities – ST 2112090201 Others – LT 2112090202 Others – ST 2112099901 Interest and other payables – LT 2112099902 Interest and other payables – ST 2113 LOANS AGREED FOR FIVE OR MORE YEARS TERM 211301 OWED TO STATE ENTITIES 2113010101 For core activities – LT 2113010102 For core activities – ST 2113010201 Others – LT 2113010202 Others – ST 2113019901 Interest and other payables – LT 2113019902 Interest and other payables – ST 211302 OWED TO LOCAL BANKS 2113020101 For core activities – LT 2113020102 For core activities – ST 2113020201 Others – LT 2113020202 Others – ST 2113029901 Interest and other payables – LT 2113029902 Interest and other payables – ST 211303 OWED TO OTHER ENTITIES OF THE FINANCIAL SYSTEM 2113030101 For core activities – LT 2113030102 For core activities – ST 2113030201 Others – LT 2113030202 Others – ST 2113039901 Interest and other payables – LT

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15 and 17 Norte Ave, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 2113039902 Interest and other payables – ST 211304 OWED TO OTHER FOREIGN ENTITIES 2113040101 For core activities – LT 2113040102 For core activities – ST 2113040201 Others – LT 2113040202 Others – ST 2113040301 To multilateral organizations – LT 2113040302 To multilateral organizations – ST 2113049901 Interest and other payables – LT 2113049902 Interest and other payables – ST 211309 OTHER CREDITORS 2113090101 For core activities – LT 2113090102 For core activities – ST 2113090202 Others – ST 2113099901 Interest and other payables – LT 2113099902 Interest and other payables – ST 212 OWN ISSUANCE SECURITIES 2121 SECURITIES ISSUED UP TO ONE YEAR TERM 212101 OWN SECURITIES UP TO ONE YEAR TERM 2121010201 Securities without mortgage guarantee – LT 2121010202 Securities without mortgage guarantee – ST 2121019901 Interest and other payables – LT 2121019902 Interest and other payables – ST 2122 SECURITIES ISSUED FOR MORE THAN ONE YEAR TERM AND UP TO FIVE YEARS TERM 212201 OWN SECURITIES FOR MORE THAN ONE YEAR TERM AND UP TO FIVE YEARS TERM 2122010201 Securities without mortgage guarantee – LT 2122010202 Securities without mortgage guarantee – ST 2122019901 Interest and other payables – LT 2122019902 Interest and other payables – ST 2123 SECURITIES ISSUED FOR MORE THAN FIVE YEARS TERM 212301 OWN SECURITIES FOR MORE THAN FIVE YEARS TERM 2123010201 Securities without mortgage guarantee – LT 2123010202 Securities without mortgage guarantee – ST 2123019901 Interest and other payables – LT 2123019902 Interest and other payables – ST 213 NEGOTIATED DOCUMENTS 2131 NEGOTIATED DOCUMENTS UP TO ONE YEAR TERM 213101 REPO OPERATIONS WITH THE CENTRAL RESERVE BANK 2131010001 Repo operations with the Central Reserve Bank – LT

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15 and 17 Norte Ave, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 2131010002 Repo operations with the Central Reserve Bank – ST 2131019901 Commissions, premiums or bonuses – LT 2131019902 Commissions, premiums or bonuses – ST 213102 REPO OPERATIONS WITH STATE ENTITIES 2131020001 Repo operations with state entities – LT 2131020002 Repo operations with state entities – ST 2131029901 Commissions, premiums or bonuses – LT 2131029902 Commissions, premiums or bonuses – ST 213103 REPO OPERATIONS WITH PRIVATE COMPANIES 2131030001 Repo operations with private companies – LT 2131030002 Repo operations with private companies – ST 2131039901 Commissions, premiums or bonuses – LT 2131039902 Commissions, premiums or bonuses – ST 213104 REPO OPERATIONS WITH INDIVIDUALS 2131040001 Repo operations with individuals – LT 2131040002 Repo operations with individuals – ST 2131049901 Commissions, premiums or bonuses – LT 2131049902 Commissions, premiums or bonuses – ST 213105 REPO OPERATIONS WITH BANKS AND FINANCIAL INSTITUTIONS 2131050001 Repo operations with banks and financial institutions – LT 2131050002 Repo operations with banks and financial institutions – ST 2131059901 Commissions, premiums or bonuses – LT 2131059902 Commissions, premiums or bonuses – ST 213106 OPERATIONS WITH OTHER ENTITIES OF THE FINANCIAL SYSTEM 2131060001 Repo operations with other entities of the Financial System – LT 2131060002 Repo operations with other entities of the Financial System – ST 2131069901 Commissions, premiums or bonuses – LT 2131069902 Commissions, premiums or bonuses – ST 213107 STOCK OPERATIONS 2131070001 Stock operations – LT 2131070002 Stock operations – ST 2131079901 Commissions, premiums or bonuses – LT 2131079902 Commissions, premiums or bonuses – ST 22 OTHER LIABILITIES 221 ACCOUNTS PAYABLE 2210 ACCOUNTS PAYABLE 221001 ACCOUNTS PAYABLE 2210010101 Accounts payable 221002 PUBLIC UTILITY TAXES AND OTHER OBLIGATIONS 2210020101 Taxes 2210020201 Public utilities

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15 and 17 Norte Ave, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 2210020301 ISSS employer contribution 2210020401 Suppliers 221003 OBLIGATIONS WITH RE-GUARANTOR 2210030001 Balances to return for recoveries of write-offs 2210030900 Others 221004 TRANSITORY LIABILITIES 2210040101 Registration rights 2210040201 Collections on behalf of others – LT 2210040202 Collections on behalf of others – ST 221099 OTHERS 2210990101 Fiscal debt 2210990900 Others 2211 TAXES 221101 CURRENT TAXES ON EARNINGS 2211010101 Payment on account 2211010201 Taxes on earnings of the exercise 221102 DEFERRED TAXES ON EARNINGS 2211020101 Deferred taxes on earnings 223 WITHHOLDINGS 2230 WITHHOLDINGS 223000 WITHHOLDINGS 2230000100 Income tax 2230000200 ISSS 2230000300 AFPS 2230000400 Banks 2230000500 Other withholdings 224 PROVISIONS 2240 PROVISIONS 224001 FINANCIAL GUARANTEES 2240010101 Financial Guarantees – LT 2240010201 Financial Guarantees – ST 224002 LABOR PROVISIONS 2240020101 Salaries 2240020201 Vacation 2240020301 Bonuses 2240020401 Christmas bonuses 2240020501 Indemnities 2240020601 Voluntary retirement 2240020701 Pensions and retirements 224003 PROVISIONS FOR CONTINGENCIES 2240030101 Contingencies from judicial litigation – LT

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15 and 17 Norte Ave, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 2240030102 Contingencies from judicial litigation – ST 2240030201 Other contingencies – LT 2240030202 Other contingencies – ST 224099 OTHER PROVISIONS 2240990101 Onerous contracts – LT 2240990102 Onerous contracts – ST 2240990201 Restructuring costs – LT 2240990202 Restructuring costs – ST 2240990901 Various – LT 2240990902 Various – ST 225 DEFERRED CREDITS 2250 DEFERRED CREDITS 225001 UNearned INCOME RECEIVED 2250010100 Financial guarantee commissions 2250010200 Other operations 2250010500 Others 3 EQUITY 31 EQUITY 311 CAPITAL 3111 CAPITAL 311101 STATE CONTRIBUTIONS 3111010001 El Salvador Development Bank 3111010002 Central Reserve Bank 3111010003 Ministry of Finance 313 CAPITAL RESERVES 3130 CAPITAL RESERVES 313001 CAPITAL RESERVES 3130010100 Legal reserve 3130010200 Statutory reserve 3130010300 Voluntary reserve 314 RESULTS TO APPLY 3140 RESULTS TO APPLY 314001 RESULTS OF PREVIOUS EXERCISES 3140010101 Profits 3140010201 Losses 314002 RESULTS OF THE CURRENT EXERCISE 3140020101 Profits 3140020201 Losses 32 RESTRICTED EQUITY 321 UNDISTRIBUTABLE PROFITS 3210 UNDISTRIBUTABLE PROFITS

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15 and 17 Norte Ave, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 321000 UNDISTRIBUTABLE PROFITS 3210000101 Undistributable profits 322 REVALUATIONS 3220 REVALUATIONS 322000 REVALUATIONS 3220000101 Revaluation of fixed asset real estate 3220000102 Revaluation of fixed asset furniture 323 RESERVES 3230 RESERVES 323001 FOR GOODS RECEIVED IN PAYMENT OR ADJUDICATED 3230010100 Real Estate 3230010200 Movable Property 3230010301 Securities – LT 3230010302 Securities – ST 3230010401 Others 323002 FOR GENERAL RISKS 3230020101 For risks of coverage of financial guarantees – LT 3230020102 For risks of coverage of financial guarantees – ST 3230020201 Others – LT 3230020202 Others – ST 324 RECOVERIES OF WRITTEN-OFF ASSETS 3240 RECOVERIES OF WRITTEN-OFF ASSETS 324001 RECOVERIES OF REAL AND MOVABLE PROPERTY 3240010100 Real estate 3240010200 Movable property 325 DONATIONS 3250 DONATIONS 325000 DONATIONS 3250000100 In cash 3250000200 Real estate 3250000300 Furniture 4 CONTINGENT RIGHTS 41 CONTINGENT RIGHTS 411 CONTINGENCY FOR GUARANTEES 4111 LIVE RISKS FOR GUARANTEES 411101 CREDIT GUARANTEES IN NORMAL SITUATION 4111010101 Financial Guarantees 4111010201 Non-Financial Guarantees 411102 CREDIT GUARANTEES IN DOUBTFUL SITUATION 4111020101 Financial Guarantees 4111020201 Non-Financial Guarantees

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15 and 17 Norte Ave, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 4112 RE-GUARANTEED RISK 411201 RE-GUARANTEED CREDIT GUARANTEES IN NORMAL SITUATION 4112010101 Financial Guarantees 4112010201 Non-Financial Guarantees 411202 RE-GUARANTEED CREDIT GUARANTEES IN DOUBTFUL SITUATION 4112020101 Financial Guarantees 4112020201 Non-Financial Guarantees 4113 OTHERS 411399 OTHERS 4113990100 Others 5 CONTINGENT COMMITMENTS 51 CONTINGENT COMMITMENTS 511 CONTINGENCY FOR GUARANTEES 5111 LIVE RISK FOR GUARANTEES 511101 GUARANTEES IN NORMAL SITUATION 5111010101 Financial Guarantees 5111010201 Non-Financial Guarantees 511102 GUARANTEES IN DOUBTFUL SITUATION 5111020101 Financial Guarantees 5111020201 Non-Financial Guarantees 5112 RE-GUARANTEED RISK 511201 RE-GUARANTEED GUARANTEES IN NORMAL SITUATION 5112010101 Financial Guarantees 5112010201 Non-Financial Guarantees 511202 GUARANTEES IN DOUBTFUL SITUATION 5112020101 Financial Guarantees 5112020201 Non-Financial Guarantees 6 INCOME 61 INCOME FROM CORE OPERATIONS 611 INCOME FROM CORE OPERATIONS 6110 INCOME FROM CORE OPERATIONS 611001 FOR GRANTING GUARANTEES 6110010100 Commissions 6110010200 Others 611002 FOR PROVISION OF SERVICES 6110020100 Training 6110020200 Consulting 6110020300 Financial advice 6110020400 Others 62 INCOME FROM OTHER OPERATIONS 621 INCOME FROM OTHER OPERATIONS

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15 and 17 Norte Ave, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 6210 INVESTMENT PORTFOLIO 621001 INCOME FROM INVESTMENTS IN SECURITIES 6210010100 Interest on securities held for trading 6210010200 Interest on securities held to maturity 6210010300 Interest on securities available for sale 6210010400 Gain from sale of securities 6210010500 Gain from price readjustment 6210010600 Gain from change in fair value 621002 REPOS 6210020100 Commissions, premiums or bonuses 6210020200 Other income 621003 INTEREST ON DEPOSITS 6210030100 Financial Institutions 63 OTHER INCOME 631 OTHER INCOME 6310 OTHER INCOME 631001 INCOME FROM HONORED GUARANTEES 6310010100 Interest 6310010200 Others 631002 INCOME FROM RECOVERIES 6310020100 Recoveries of values for paid guarantees 6310020200 Recoveries of financial investments and interest 6310020300 Recoveries of expenses 6310020900 Other income 631003 GAINS FROM REVERSAL OF IMPAIRMENT 6310030100 Release of provisions for unfulfilled payment agreements 6310030200 Release of provisions for extraordinary assets 6310030300 Other released provisions 631004 PROFIT ON SALES OF ASSETS 6310040100 Fixed asset 6310040200 Goods received in payment or adjudicated 631005 INCOME FROM ASSET EXPLOITATION 6310050100 Fixed asset 6310050200 Goods received in payment 631007 GAINS FROM REVERSAL OF ASSET VALUE 6310070100 Own buildings 6310070200 Computer equipment 6310070300 Vehicles 6310070400 Furniture and office equipment 6310070500 Shares and convertible securities of national companies 6310070600 Extraordinary Assets

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15 and 17 Norte Ave, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 6310070700 Goods received in financial lease 6310070900 Others 631099 OTHERS 6310990000 Others 7 COSTS 71 COSTS OF CORE OPERATIONS 711 COSTS OF CORE OPERATIONS 7110 COSTS OF CORE OPERATIONS 711001 GRANTING OF GUARANTEES 7110010100 Guarantees 7110010900 Others 711002 COSTS FOR PROVISION OF SERVICES 7110020100 Training 7110020200 Consulting 7110020300 Financial advice 7110020400 Others 711003 RE-GUARANTEE OF GUARANTEES 7110030101 Re-guarantee commissions 7110030201 Others 712 CLEANING AND WRITE-OFFS 7120 CLEANING AND WRITE-OFFS 712001 CLEANING FOR GUARANTEES 7120010100 Doubtful guarantees 7120010200 Honored guarantees 7120010300 Unpaid commissions 7120010900 Others 712002 CLEANING FOR GUARANTEES 7120020100 Reserves 7120020900 Others 712003 WRITE-OFF OF ASSETS 7120030100 Honored guarantees 7120030200 Others 72 COSTS OF OTHER OPERATIONS 721 COSTS OF OTHER OPERATIONS 7210 COSTS OF OTHER OPERATIONS 721001 LOANS 7210010100 Interest 7210010200 Commissions 7210010300 Others 721002 FROM OTHER CREDITORS 7210020100 Interest

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15 and 17 Norte Ave, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 7210020200 Commissions 7210020300 Others 721003 OWN ISSUANCE SECURITIES 7210030100 Interest on securities 7210030200 Other issuance costs 721004 LOSSES FROM PRICE DIFFERENCES 7210040100 Losses from sale of securities 7210040200 Losses from price readjustment 721005 REPOS 7210050100 Commissions, premiums or bonuses 7210050200 Other costs 721006 CLEANING 7210060101 Financial investments – LT 7210060102 Financial investments – ST 7210060200 Interest 7210060900 Others 721007 LOSSES FROM IMPAIRMENT OF ASSETS 7210070101 Financial guarantees – LT 7210070102 Financial guarantees – ST 7210070201 Financial investments – LT 7210070202 Financial investments – ST 7210070900 Others 8 EXPENSES 81 OPERATING EXPENSES 811 EXPENSES OF OFFICIALS AND EMPLOYEES 8110 EXPENSES OF OFFICIALS AND EMPLOYEES 811001 REMUNERATIONS 8110010100 Ordinary salaries 8110010200 Overtime salaries 811002 BENEFITS TO PERSONNEL 8110020100 Christmas bonuses and bonuses 8110020200 Vacation 8110020300 Uniforms 8110020400 Social Security and F.S.V. 8110020500 Medical expenses 8110020600 Care and recreation 8110020700 Other insurance 8110020800 AFP'S 8110020900 Other benefits to personnel 811003 INDemnITIES TO PERSONNEL 8110030100 For dismissal

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15 and 17 Norte Ave, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 8110030200 For temporary incapacity 811004 BOARD EXPENSES 8110040100 Per diems 8110040200 Remunerations 8110040300 Care and representation 8110040400 Other benefits 811005 PENSIONS AND RETIREMENTS 8110050100 Pensions and Retirements 811006 OTHER PERSONNEL EXPENSES 8110060100 Training 8110060200 Travel expenses 8110060300 Fuel and lubricants 8110060400 Per diems and transport 812 GENERAL EXPENSES 8120 GENERAL EXPENSES 812001 CONSUMPTION OF MATERIALS 8120010100 Fuel and lubricants 8120010200 Stationery and supplies 8120010300 Cleaning materials 8120010400 Others 812002 REPAIR AND MAINTENANCE OF FIXED ASSET 8120020100 Own buildings 8120020200 Computer equipment 8120020300 Vehicles 8120020400 Furniture and office equipment 812003 PUBLIC UTILITIES AND TAXES 8120030100 Communications 8120030200 Electricity 8120030300 Drinking water 8120030400 Fiscal taxes 8120030500 Municipal taxes 8120030600 Fines 812004 ADVERTISING AND PROMOTION 8120040100 Television 8120040200 Radio 8120040300 Written press 8120040400 Other media 8120040500 Promotional items 8120040600 Representation expenses 812005 RENTS AND MAINTENANCE 8120050100 Premises

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

8120050200 Equipment
8120050300 Maintenance of leased premises 8120050400 Maintenance of leased equipment 812006 INSURANCE ON ASSETS 8120060100 On fixed assets 8120060200 On banking risks 812007 PROFESSIONAL FEES 8120070100 Auditors 8120070200 Lawyers 8120070300 Consulting firms 8120070400 Independent advisors 8120070500 Others 812008 SUPERINTENDENCY OF THE FINANCIAL SYSTEM 8120080100 Mandatory fee 8120080200 Fines 812099 OTHERS 8120990100 Security services 8120990200 Subscriptions 8120990300 Contributions 8120990400 Publications and calls 8120990500 Organization expenses 8120990900 Others 813 DEPRECIATIONS AND AMORTIZATIONS 8130 DEPRECIATIONS AND AMORTIZATIONS 813001 DEPRECIATIONS 8130010100 Buildings 8130010200 Computer equipment 8130010300 Office equipment 8130010400 Furniture 8130010500 Vehicles 8130010600 Machinery, equipment and tools 8130010900 Others 813002 AMORTIZATIONS 8130020100 Constructions in leased premises 8130020200 Remodeling and readjustments in own premises 8130020300 Computer programs 8130020400 Investments 813003 ASSETS RECEIVED UNDER FINANCIAL LEASE 8130030100 Buildings 8130030200 Computer equipment 8130030300 Office equipment

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

8130030400 Furniture
8130030500 Vehicles
8130030600 Machinery, Equipment and Tools 8130030800 Others 82 OTHER EXPENSES 821 OTHER EXPENSES 8210 OTHER EXPENSES 821001 INTEREST 8210010100 On loans 8210010200 On own issuance titles 821002 COMMISSIONS 8210020000 Commissions 821004 OTHERS 8210040000 Others 822 LOSSES ON SALES OF ASSETS 8220 LOSSES ON SALES OF ASSETS 822001 FIXED ASSET 8220010100 Real estate 8220010200 Movable property 822002 ASSETS RECEIVED IN PAYMENT OR ADJUDICATED 8220020100 Real estate 8220020200 Movable property 8220020301 Securities - LG 8220020302 Securities - SG 8220020900 Others 823 EXPENSES FROM ASSET OPERATION 8230 EXPENSES FROM ASSET OPERATION 823001 FIXED ASSET 8230010100 Real estate 8230010200 Movable property 823002 ASSETS RECEIVED IN PAYMENT OR ADJUDICATED 8230020100 Real estate 8230020200 Movable property 824 WRITE-OFFS OF ASSETS RECEIVED IN PAYMENT OR ADJUDICATED 8240 WRITE-OFFS OF ASSETS RECEIVED IN PAYMENT OR ADJUDICATED 824000 WRITE-OFFS OF ASSETS RECEIVED IN PAYMENT OR ADJUDICATED 8240000100 Real estate 8240000200 Movable property 8240000301 Securities - LG 8240000302 Securities - SG

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

827 LOSS FROM IMPAIRMENT OF ASSETS
8270 LOSS FROM IMPAIRMENT OF ASSETS
827000 LOSS FROM IMPAIRMENT OF ASSETS
8270000100 Land
8270000200 Buildings
8270000300 Computer equipment
8270000400 Office equipment
8270000500 Furniture
8270000600 Vehicles
8270000700 Machinery, equipment and tools 8270000800 Joint ventures 8270000900 Shares and convertible securities of national companies 8270001000 Extraordinary Assets 8270001100 Assets received under financial lease 8270009900 Others 828 FINANCIAL EXPENSES 8280 FINANCIAL EXPENSES 828000 INTEREST ON FINANCIAL LEASE 8280000100 Land 8280000200 Buildings 8280000300 Computer equipment 8280000400 Office equipment 8280000500 Furniture 8280000600 Vehicles 8280000700 Machinery, Equipment and Tools 8280000800 Other assets 829 OTHERS 8290 OTHERS 829000 OTHERS 8290000000 Others 83 DIRECT TAXES 831 INCOME TAX 8310 INCOME TAX 831000 INCOME TAX 8310000100 Income tax 832 TAX ON PROFITS 8320 TAX ON PROFITS 832000 TAX ON PROFITS 8320000100 Current profit tax (D) 8320000200 Establishment of taxable temporary differences (D) 8320000300 Reversal of deductible temporary differences (D)

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

8320000400 Establishment of deductible temporary differences (A) 8320000500 Reversal of taxable temporary differences (A) 9 OFF-BALANCE SHEET ACCOUNTS 91 FINANCIAL INFORMATION 911 COMMITMENTS ACQUIRED FOR GRANTED GUARANTEES 9110 COMMITMENTS ACQUIRED FOR GRANTED GUARANTEES 911000 COMMITMENTS ACQUIRED FOR GRANTED GUARANTEES 9110000000 Commitments acquired for granted guarantees 912 RE-GUARANTEES 9120 RE-GUARANTEES 912001 RE-GUARANTEES 913 RIGHTS AND OBLIGATIONS FOR OBTAINED CREDITS 9130 RIGHTS AND OBLIGATIONS FOR OBTAINED CREDITS 913001 AVAILABILITY FOR OBTAINED CREDITS 915 PENDING COLLECTION BALANCES 9150 DEBTOR BALANCES 915000 FROM LIQUIDATIONS 916 FINANCIAL INVESTMENT PORTFOLIO 9160 FINANCIAL INVESTMENT PORTFOLIO 916001 SECURITIES HELD FOR TRADING 9160010101 Issued by the Central Reserve Bank - LG 9160010102 Issued by the Central Reserve Bank - SG 9160010201 Issued by State entities - LG 9160010202 Issued by State entities - SG 9160010301 Issued by private companies - LG 9160010302 Issued by private companies - SG 9160010501 Issued by banks - LG 9160010502 Issued by banks - SG 9160010601 Issued by other entities of the Financial System - LG 9160010602 Issued by other entities of the Financial System - SG 9160010701 Issued by foreign entities - LG 9160010702 Issued by foreign entities - SG 9160010801 Issued by the deposit guarantee institute - LG 9160010802 Issued by the deposit guarantee institute - LG 9160019901 Interest and others to collect - LG 9160019902 Interest and others to collect - SG 916002 SECURITIES HELD TO MATURITY 9160020101 Issued by the Central Reserve Bank - LG 9160020102 Issued by the Central Reserve Bank - SG 9160020201 Issued by State entities - LG 9160020202 Issued by State entities - SG

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

9160020301 Issued by private companies - LG 9160020302 Issued by private companies - SG 9160020501 Issued by banks - LG 9160020502 Issued by banks - SG 9160020601 Issued by other entities of the Financial System - LG 9160020602 Issued by other entities of the Financial System - SG 9160020701 Issued by foreign entities - LG 9160020702 Issued by foreign entities - SG 9160020801 Issued by the deposit guarantee institute - LG 9160020802 Issued by the deposit guarantee institute - LG 9160029901 Interest and others to collect - LG 9160029902 Interest and others to collect - SG 916003 SECURITIES AVAILABLE FOR SALE 9160030101 Issued by the Central Reserve Bank - LG 9160030102 Issued by the Central Reserve Bank - SG 9160030201 Issued by State entities - LG 9160030202 Issued by State entities - SG 9160030301 Issued by private companies - LG 9160030302 Issued by private companies - SG 9160030501 Issued by banks - LG 9160030502 Issued by banks - SG 9160030601 Issued by other entities of the Financial System - LG 9160030602 Issued by other entities of the Financial System - SG 9160030701 Issued by foreign entities - LG 9160030702 Issued by foreign entities - SG 9160030801 Issued by the deposit guarantee institute - LG 9160030802 Issued by the deposit guarantee institute - LG 9160039901 Interest and others to collect - LG 9160039902 Interest and others to collect - SG 916004 OVERDUE INVESTMENTS 9160040101 Issued by the Central Reserve Bank - LG 9160040102 Issued by the Central Reserve Bank - SG 9160040201 Issued by State entities - LG 9160040202 Issued by State entities - SG 9160040301 Issued by private companies - LG 9160040302 Issued by private companies - SG 9160040501 Issued by banks - LG 9160040502 Issued by banks - SG 9160040601 Issued by other entities of the Financial System - LG 9160040602 Issued by other entities of the Financial System - SG 9160040701 Issued by foreign entities - LG

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

9160040702 Issued by foreign entities - SG 9160040801 Issued by the deposit guarantee institute - LG 9160040802 Issued by the deposit guarantee institute - LG 9160049901 Interest and others to collect - LG 9160049902 Interest and others to collect - SG 917 WRITT-OFF ASSETS 9170 WRITT-OFF ASSETS 917001 UNFULFILLED PAYMENT AGREEMENTS 9170010101 Financial guarantees 9170010201 Non-financial guarantees 917002 FINANCIAL INVESTMENTS 9170020001 Financial investments - LG 9170020002 Financial investments - SG 918 OTHER OFF-BALANCE SHEET ACCOUNTS 9180 OTHER OFF-BALANCE SHEET ACCOUNTS 918001 FUNDS RECEIVED FROM RE-GUARANTOR 918002 CAPITAL 918003 DOUBTFUL CAPITAL 918004 CAPITAL CLAIMED, PENDING REIMBURSEMENT 918005 CAPITAL REIMBURSED 918006 OVERDUE AND UNCOLLECTED INTERESTS FOR PAYMENT AGREEMENTS 918007 OBLIGATIONS FOR FINANCIAL LEASES 918009 OTHERS 92 FINANCIAL INFORMATION BY CONTRA 93 OTHER OFF-BALANCE SHEET ACCOUNTS BY CONTRA 931 OTHER OFF-BALANCE SHEET ACCOUNTS BY CONTRA 9310 OTHER OFF-BALANCE SHEET ACCOUNTS BY CONTRA 931000 OTHER OFF-BALANCE SHEET ACCOUNTS BY CONTRA 9310000000 Other off-balance sheet accounts by contra
VIII. DESCRIPTION OF CONCEPTS RELATED TO THE USE OF ACCOUNTS
CODES NAMES
11 Current Assets
111 Available Funds
1110 Available Funds
111001 Cash

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

This account represents liquid assets of immediate availability, such as the General Cash, Fixed Funds and agencies both in local currency and foreign currency. CODES NAMES 111002 Deposits at BCR This account represents amounts of money in national currency and foreign currency, that the SGF has deposited in the Central Reserve Bank along with the interest generated by such deposits, according to the corresponding subaccounts. CODES NAMES 111004 Deposits at Local Banks This account represents the balances of checking and time deposits that the SGF maintains in the different banks of the System along with the interest generated by such deposits, according to the corresponding subaccounts. CODES NAMES 111006 Deposits at Foreign Banks This account must represent the value of national and foreign currency deposited in banks located outside the national territory. The corresponding subaccounts for remittances in transit must present only remittances pending confirmation for a period not exceeding fifteen calendar days. CODES NAMES 11 Current Assets 112 Temporary Acquisition of Documents 1121 Documents Acquired up to One Year Term 112101/06 Repo Operations These accounts represent the value of rights acquired by repo operations that are carried out based on the rules established in the Commercial Code. The requirements of perfection that said Code requires are:

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

a) If they are bearer titles, the simple material delivery of the document:
b) If they are order titles, the material delivery of the document duly endorsed:
c) If they are registered titles, the material delivery of the document duly endorsed and the registration of the change of holder in the issuer's books. CODES NAMES 112107 Stock Exchange Operations This account represents the value of rights acquired by stock exchange transactions denominated as repos. CODES NAMES 11 Current Assets 112 Temporary Acquisition of Documents 1128 Overdue Documents The accounts in this item represent the value of documents whose agreed term has expired. CODES NAMES 112900 Estimation of Losses from Impairment This account represents the value of the estimation of losses that the SGF might incur from the acquisition of the documents registered in this item. The balance of this account is credit, therefore, it is deducted from the corresponding item. CODES NAMES 11 Current Assets 113 Financial Investments 1130 Financial Investments 113001 Own Securities In this account, the SGF's securities that have the characteristic of being held exclusively for trading must be accounted for, according to the classification of the categories of financial assets made by the International Financial Reporting Standards and also, that can be freely transferred.

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

CODES NAMES
113002 Transferred Securities
In this account, documents or securities transferred as a repo or stock exchange operations must be accounted for. CODES NAMES 1131 Securities Held to Maturity 113100 Securities Held to Maturity In this account, the securities that the SGF intends to hold until their maturity must be registered, according to the classification of the categories of financial assets made by the International Financial Reporting Standards. CODES NAMES 1132 Securities Available for Sale 113200 Securities Available for Sale In this account, the securities owned by the SGF that are not in the classifications above, but are available for sale, must be registered, according to the classification of the categories of financial assets made by the International Financial Reporting Standards; as well as, that have the characteristic of being freely transferable. CODES NAMES 1138 Overdue Investments 113801 Held for Trading 113802 Held to Maturity 113803 Available for Sale The accounts in this item represent the value of securities held for trading, held to maturity and available for sale, whose agreed terms have expired or have been favored in draws and for various reasons have not been paid to the SGF. CODES NAMES 1139 Estimation of Losses from Investment Risk

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

This account represents the estimated value of losses that the SGF could incur from the investment in securities registered in this item. The balance of this account is credit, therefore it must be decreased from the item to which it belongs. The classification of these investments, according to the categories of financial assets of the International Accounting Standard, is as follows:
a) 113901 Held for trading, b) 113902 Held to maturity and c) 113903 Available for sale. CODES NAMES 11 Current Assets 114 Honored Guarantees 1141 For Loan Guarantees up to One Year 1142 For Loan Guarantees over One Year In this item and accounts, the values derived from the agreements of the loans agreed upon for debts honored total or partially by the SGF to financial institutions as a result of agreed defaults, in accordance with the respective terms. CODES NAMES 1148 Overdue Guarantees 114801 With Companies 114802 With Individuals 114803 Non-residents 114899 Judicial Collection Recovery This account must represent the values of unfulfilled payment agreements for the guarantees honored with companies, individuals and non-residents, as well as those that are being collected judicially. Its balance will be credit, therefore it will be presented subtracting the overdue portfolio. CODES NAMES 1149 Estimation of Losses from Honored Guarantees 114901 Estimation for Honored Guarantees This account must register the provisions that are constituted for guarantees honored by unfulfilled loans. Such provisions can be by risk categories, voluntary or by portfolio management risks.

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

CODES NAMES
12 Other Assets
122 Assets Received in Payment or Adjudicated 1220 Assets Received in Payment or Adjudicated 122001/04 Assets Received in Payment or Adjudicated In these accounts, the assets that the SGF has received as a result of judicial actions, voluntary assignments, purchases, etc., in payment of debts must be registered. CODES NAMES 1230 Inventory 123001 Goods for Sale 123002 Goods for Consumption This item must represent the acquisition value of the different goods used for sale and for the development of business management, such as stationery, supplies, furnishings, etc. CODES NAMES 1240 Prepaid Expenses and Deferred Charges 124001 Insurance 124002 Rents 124003 Interest Paid in Advance 124004 Intangibles 124098 Other Prepayments 124099 Other Deferred Charges The accounts in this item must represent the proportional value of the current insurance premiums, rents paid in advance and the other concepts corresponding to each account of the item. The values of computer programs that must be registered in this item are those not essential for the operation of the equipment and that meet the requirements of identifiability, control and future economic benefits established in the International Financial Reporting Standards; the others, must be registered as fixed assets and treated in accordance with the aforementioned International Standards.

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

CODES NAMES
1241 Taxes
124101 Tax on Current Profits
Fiscal current assets, resulting from the current period or previous periods, must be measured by the amounts expected to be recovered from the tax authority, using the regulations and tax rates in effect, on the balance sheet date. This account is debited in the following circumstances:

For the amounts of advance payment established on the amount of the gross income of the
monthly fiscal period to be declared with credit to the account “2211.01.01 Tax on current profits – Advance payment”.
For the amounts of tax withheld by third parties with credit to the financial asset
affected by the withholding.
For the amount established as a remainder upon liquidation, with debit, the account “2211.02.01
Tax on profits of the year” and with credit, the accounts “124101.01.01 Tax on current profits - advance payment” and “124101.02.01 Tax on current profits – withheld tax”. This account represents a tax credit in favor of the taxpayer (i.e. the entity) for the excess of advance payment paid which may be deducted in the following fiscal periods, it is the result of the positive difference of a) the sum of the assets “Advance Payment” and “Withheld Tax” minus b) the liability “Taxes on income payable”. CODES NAMES 1241 Taxes 124102 Deferred Tax on Profits It will be debited, initially, by the amount of deferred tax assets computed, applying the current tax rates, on the deductible temporary differences that on the date they are constituted increase fiscal income and whose future reversal will increase fiscal expenses thus decreasing the future tax payable, with credit to the account “832000.04.00 Expense for tax on profits – Establishment of deductible temporary differences”. It will be credited when the deductible temporary differences constituted in previous periods or in the current exercise are reversed, with debit to account 832000.03.00 “Expense for tax on profits – Reversal of deductible temporary differences”. It will be debited or credited, as appropriate, in subsequent reviews, generally at the end of the accounting exercise, when management makes the corresponding adjustments based on the

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv temporary differences recorded in previous periods and those established in the current period. It should be noted that in some cases, deferred assets or deferred liabilities for temporary differences will affect equity accounts instead of income statement accounts; in such cases, the equity account will be recorded net of the corresponding asset or liability; example: revaluations of property, plant and equipment, value fluctuations of financial assets, exchange differences established in the consolidation of foreign businesses, etc. Such asset or liability for deferred tax will be reversed gradually as the asset or liability that affected equity is realized or removed from the balance sheet. The criteria that gave rise to the recording of these assets must be evaluated at least at each annual closing date. The entity must have a control register that allows for the reliable identification of assets or liabilities that generate temporary differences and the values corresponding to such differences, both of the current period and previous ones, which will facilitate appropriate reconciliations and disclosures regarding income tax expenses and income. The book value of assets and liabilities for deferred taxes may change, even when the amount of the corresponding temporary differences has not changed. This may happen, for example, as a result of:
(a) a change in tax rates or regulations; (b) a reassessment of the recoverability of deferred tax assets; or (c) a change in the expected manner of recovering the book value of an asset. The deferred tax corresponding to these changes will be recognized in the income statement except to the extent that it relates to items previously charged or credited directly to equity accounts. The proposed treatment of income and expense for taxes, both current and deferred, is aligned with the financial framework; the effects of the application of the fiscal framework are not treated here. CODES NAMES 1250 Accounts Receivable Operations derived from accrued income pending payment by the FSG debtors, such as commissions, surcharges, payments on behalf of others, advances, rights with the guarantor, etc., must be recorded in the accounts of this item.

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CODES NAMES 1259 Estimate for Uncollectible Accounts Receivable This item must represent the estimate for uncollectibility of the accounts in this item; its balance is a credit balance, therefore, it is presented reducing the item to which it belongs. CODES NAMES 13 Fixed Assets 131 Non-Depreciable 1310 Non-Depreciable The accounts in this item must represent the value of goods that by their nature are not subject to depreciation or because they are not being used temporarily. CODES NAMES 1320 Depreciable The accounts in this item must represent the value of goods that the FSG will use for the development of its business. They must be goods that are subject to loss of value due to use, the action of time, or obsolescence. In this item, software programs in which the hardware depends on them for operation, such as operating systems, must be recorded; the remaining programs must be recorded in item 1240 Prepaid Expenses and Deferred Charges. CODES NAMES 1329 Depreciation and Impairment Loss 132900 Accumulated Depreciation 132901 Impairment This item must represent the value of the depreciation of all fixed assets; its balance is a credit balance, therefore, it is presented reducing the item to which it belongs. Account 1329.00 is credited with the amounts of periodic depreciation with a debit to the accounts in the sub-group “813001 Depreciations”.

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv Account 1329.01 is credited with the amounts of impairment losses established with a debit to the accounts in the sub-group “827000 Impairment loss on assets”, applying the corresponding account. CODES NAMES 1330 Amortizable The accounts in this item must represent the value of constructions and other concepts that by their nature have no residual value. The constructions registered in this account are not those that increase the useful life of the asset. Remodeling carried out on leased assets must be amortized over a period not exceeding that of the lease contract or the useful life, whichever is shorter. CODES NAMES 21 Financing Sources 211 Loans 2111 Loans Agreed for up to One Year Term In this item, loans agreed for up to one year term, owed by the FSG and in favor of banks, State entities, Financial System entities, foreign entities, and other creditors, must be recorded. CODES NAMES 2112 Loans Agreed for more than One Year and less than Five Years Term In this item, loans agreed for more than one year and less than five years term, owed by the Fund and in favor of banks, State entities, Financial System entities, foreign entities, and other creditors, must be recorded. CODES NAMES 2113 Loans Agreed for more than Five Years Term In this item, loans agreed for more than five years, owed by the FSG and in favor of banks, State entities, Financial System entities, foreign entities, and other creditors, must be recorded.

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CODES NAMES 21 Financing Sources 212 Own Issuance Securities This item must represent the value of the FSG's obligations from the issuance of securities, according to the terms indicated in the corresponding accounts and as established in the Commercial Code. CODES NAMES 213 Negotiated Documents 2131 Negotiated Documents for up to One Year Term The accounts in this item must represent the amount of obligations incurred through repo operations, according to the rules established in the Commercial Code or through stock exchanges. CODES NAMES 22 Other Liabilities 221 Accounts Payable 2210 Accounts Payable The accounts in this item must represent the obligations for the concepts described by each of the accounts and sub-accounts. CODES NAMES 2211 Taxes 221101 Current Income Taxes The current tax, corresponding to the present period and previous ones, must be recognized as a payment obligation to the extent that it has not been settled. Its operation is as follows:

It is credited, initially, for the obligation of the advance payment, with a debit to account 124101.01.01 “Taxes – Current Income Tax Advance Payment”. It is debited on the date the entity remits the payment to the corresponding fiscal authorities.

It is credited, initially and subsequently, at the end of each monthly period, for the amount of tax calculated based on the expenses and income of each monthly closing with a debit to account 832000.01.00 “Expense for income tax – Current income tax”. The amount of this account constituted throughout the fiscal year is reversed with a debit at the end of the fiscal period, crediting the account “832000.01.00 Current income tax”. The above applies if the entity wishes to recalculate its total fiscal obligations at the end of the period starting from zero.
At the end of the fiscal period, it is credited for the definitive amount established as income tax (the amount recognized in this account is computed applying the fiscal income tax rate) with a debit to account 832000.01.00 “Expense for income tax – Current Income Tax”. This account is subsequently debited, with a credit to the accounts “124101.01.01 Current Income Tax – Advance Payment” and “124101.02.01 Current Income Tax – Withheld Tax”. The remaining credit balance from this netting represents the income tax pending payment, which will be settled with a credit to Cash accounts or another corresponding account. In case the remaining balance after netting is a debit, such amount will be transferred with a debit to account “124101.03.01 Taxes – Remainder of income taxes”. CODES NAMES 2211 Taxes 221102 Deferred Income Taxes It will be credited, initially, for the amount of deferred taxes computed, applying the prevailing fiscal rates, on the taxable temporary differences that at the date they are constituted increase fiscal expenses, consequently reducing the tax to be paid; and whose future reversal will increase fiscal income, consequently increasing the taxes to be paid, with a debit to account “832000.02.00 Expense for income tax – Constitution of taxable temporary differences”. It will be debited in the following cases:

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv a) When the taxable temporary differences constituted in previous periods or in the current exercise are reversed, with a credit to account 832000.05.00 “Expense for income tax – Reversal of taxable temporary differences”; or b) In subsequent reviews, generally at the end of the fiscal year, when management makes the corresponding adjustments based on the temporary differences recorded in previous periods and those established in the current period, if the result implies a downward adjustment. It should be noted that in some cases, deferred tax assets or deferred tax liabilities for temporary differences will affect equity accounts instead of income statement accounts; in such cases, the equity account will be recorded net of the corresponding asset or liability; example: revaluations of property, plant and equipment, value fluctuations of financial assets, exchange differences established in the consolidation of foreign businesses, etc. Such asset or liability for deferred tax will be reversed gradually as the asset or liability that affected equity is realized or removed from the balance sheet. The criteria that gave rise to the recording of these assets must be evaluated at least at each annual closing date. CODES NAMES 2230 Withholdings The accounts in this item must represent the value of withholdings made to the institution's personnel and third parties, for the different concepts described in the account and respective sub-accounts. CODES NAMES 2240 Provisions 224001 Financial Guarantees In this account, the provisions that the FSG estimates for financial guarantees must be recorded. CODES NAMES 2240 Provisions 224002 Labor Provisions This account must represent the value of the different labor obligations, for example:
a) accrued and unpaid vacations, either because the employee has not fulfilled the required work time or because they have not taken them. This balance must be composed of the portion of salary corresponding to the vacation period and the corresponding surcharge; b) bonuses with the character of gratuity that are accrued in favor of personnel and Christmas bonuses that, in accordance with the Law, custom, or collective contract, are accrued; c) the estimate to pay dismissal indemnities, according to the Labor Code or internal entity norms; d) the retirement premium, according to each institution's policies; and e) the labor obligation in favor of persons retired or pensioned by the company.

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CODES NAMES 224003 Provisions for Contingencies This account must represent the values that the FSG has estimated to pay to third parties in judicial litigation or contingencies of another nature, according to its forecasting criteria and International Accounting Standard 37. CODES NAMES 224099 Other Provisions In this account, provisions that are not included in the previous classifications must be recorded. CODES NAMES 225 Deferred Credits 2250 Deferred Credits In this item, unearned income received from guarantees and other operations must be recorded according to the corresponding accounts and sub-accounts. The corresponding amortizations must be carried out as the accrual occurs. CODES NAMES 31 Equity 311 Capital 3111 Capital 311101 Contributions

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv In this account, the value of capital contributions received from the State, the Development Bank of El Salvador (BANDESAL), the Central Reserve Bank of El Salvador (BCR), and the Ministry of Finance must be recorded. CODES NAMES 313 Capital Reserves 3130 Capital Reserves In this item, capital reserves that are required of the FSG according to the corresponding laws must be accounted for; likewise, those that have been stipulated in the Financial System Law for Development Promotion or those established voluntarily. With respect to sub-account 3130010100 Legal Reserve, its accounting must be carried out at the end of the fiscal year. CODES NAMES 314 Results to Apply 3140 Results to Apply In this item, accumulated results generated in previous years as well as the net result of the current exercise that has not been distributed or applied to the Development Bank of El Salvador must be represented. The remainder will be registered as Surplus of previous years. The balance of the “Results of the Current Exercise” account must be transferred to “Results of Previous Years” at the beginning of a new year. CODES NAMES 32 Restricted Equity 321 Undistributable Profits 3210 Undistributable Profits 321000 Undistributable Profits In this account, profits that have not been received must be accounted for, segregating them from the total profits of the exercise, for the purpose of separating profits that will be available for distribution.

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CODES NAMES 32 Restricted Equity 322 Revaluations 32220 Revaluations 3222000 Revaluations In this account, the value of revaluations of fixed assets, goods received in payment or adjudicated, and investments must be accounted for. CODES NAMES 32 Restricted Equity 323 Reserves 3230 Reserves 323001 For Goods Received in Payment or Adjudicated In this account, reserves that are constituted for extraordinary assets that have more than five years, or, in justified cases, this period may be extended by the Superintendency for up to one hundred and eighty days (Art. 32 Law of the Financial System for Development Promotion), must be accounted for. If at the expiration of the term the FSG has not liquidated the extraordinary assets, it will be obliged to provision them as a loss in its accounting and to sell them at public auction within sixty days following the date the term expires. These provisions are constituted against the expenses of the fiscal year and are released when the FSG sells the asset at public auction. The procedure for the liquidation of extraordinary assets must consider the aspects included in the Banks Law. CODES NAMES 32 Restricted Equity 323 Reserves 3230 Reserves 323002 Reserves for General Risks In this account, reserves constituted for risks in excess of potential risks in the granting of guarantees or other operations must be accounted for. CODES NAMES

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv 32 Restricted Equity 324 Recoveries of Written-Off Assets In this item, the value of goods obtained as recoveries of assets that were written off in past years must be represented, according to the corresponding account and sub-accounts. CODES NAMES 32 Restricted Equity 325 Donations In this account, donations in cash, furniture, or real estate made by any organization or person to the FSG for use in benefit of productive activities must be accounted for. CODES NAMES 41 Contingent Rights 411 Contingencies for Guarantees 4111 Live Risk for Guarantees The accounts in this item must represent the potential risks that the FSG has from the granting of guarantees in favor of micro, small, and medium enterprises. CODES NAMES 4112 Re-guaranteed Risks This account must represent the total risks that the FSG has from re-guaranteed guarantees. CODES NAMES 51 Commitments for Contingencies 511 Contingencies for Guarantees The accounts in this item must represent the net contingent obligations for re-guaranteeing contracted by the entity when it acts as guarantor for micro, small, and medium enterprises, according to the corresponding accounts and sub-accounts. For such purposes, this account will be divided into sub-accounts 5111 “Live Risk for Guarantees” and 5112 “Re-guaranteed Risk”, where the first will register the FSG's net commitment and the other, the risk covered by re-guaranteeing.

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CODES NAMES 61 Income from Core Operations 611 Income from Core Operations 6110 Income from Core Operations 611001 From the Granting of Guarantees In this account, all income derived from the granting of guarantees, such as interest, commissions, and other classes of related income, must be recorded. CODES NAMES 611002 Income from Service Provision In this account, income derived from training, consulting, financial advisory, etc., services provided must be accounted for. CODES NAMES 62 Income from Other Operations 621 Income from Other Operations 6210 Investment Portfolio 621001 Income from Securities Investments In this account, income derived from investments in securities, whether held for trading, held to maturity, or available for sale, must be recorded, in accordance with the classification of the respective sub-accounts. CODES NAMES 621002 Repos In this account, income generated by financing granted through repos must be accounted for, according to the respective sub-accounts. CODES NAMES 621003 Interest on Deposits

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Alameda Juan Pablo II, between 15th and 17th Norte Avenue, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv In this account, income derived from the placement of deposits in financial institutions supervised by the Superintendency must be recorded. CODES NAMES 63 Other Income 631 Other Income 6310 Other Income 631001 Income from Honored Guarantees In this account, interest and other classes of income derived from guarantees honored by the FSG must be recorded. CODES NAMES 631002 Income from Recoveries This account must represent income derived from recoveries of values, guarantees, financial investments, expense recoveries, etc. CODES NAMES 631003 Gains from Reversal of Impairment In this account, income derived from the release of provisions must be accounted for, according to the respective sub-accounts. CODES NAMES 631004 Gain on Asset Sales In this account, income derived from the sale of fixed and extraordinary assets of the FSG must be accounted for. CODES NAMES 631005 Income from Asset Exploitation This account must represent income obtained from the exploitation of fixed and extraordinary assets owned by the FSG.

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

CODES NAMES
631007 Gains from Reversal of Asset Impairment In this account and its corresponding subaccounts, reversals of asset impairments generated during the fiscal year must be recorded, whether because they no longer exist or have decreased, in accordance with internal and/or external information mentioned in International Financial Reporting Standards.

CODES NAMES
631099 Others
This account must represent income obtained that does not correspond to the business's main activity and is not found in the classifications of the previous accounts.

CODES NAMES
7 Costs
71 Costs of Core Operations
7110 Costs of Core Operations
711001 Issuance of Guarantees
All costs derived from the issuance of guarantees must be recorded in this account.

CODES NAMES
711002 Costs for Service Provision
All costs incurred by the FSG for the provision of services must be recorded in this account.

CODES NAMES
711003 Reinsurance of Guarantees
Costs derived from the reinsurance of guarantees issued must be recorded in this account.

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

CODES NAMES
7 Costs
71 Costs of Core Operations
712 Write-offs and Charges
7120 Write-offs and Charges
712001 Write-off of Guarantees
The write-offs of doubtful, honored, etc. guarantees that financial institutions have issued to guarantee obligations must be recorded in this account.

CODES NAMES
712002 Charge for Guarantees
Charges for honored and defaulted guarantees must be recorded in this account. These obligations originate from honored and defaulted loans in financial institutions that had to be honored, by virtue of a guarantee in favor of said institutions.

CODES NAMES
712003 Asset Write-offs
Asset write-offs for other guaranteed financial operations must be recorded in this account. These obligations originate from different defaulted financial operations, depending on their nature, that had to be honored, by virtue of a guarantee in favor of financial institutions.

CODES NAMES
7 Costs
72 Costs of Other Operations
721 Costs of Other Operations
721001 Loans
Financial costs for financing received from financial institutions must be recorded in this account, in accordance with the corresponding subaccounts.

CODES NAMES
721002 From Other Creditors

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

Costs derived from financing from other institutions must be recorded in this account, in accordance with the corresponding subaccounts.

CODES NAMES
721003 Own Issuance Securities
Costs derived from the issuance of securities must be recorded in this account, in accordance with the corresponding subaccounts.

CODES NAMES
721004 Losses from Price Differences
Losses from price differences in the sale, negotiation of securities, or price adjustments must be recorded in this account, in accordance with the corresponding subaccounts.

CODES NAMES
721005 Repos
Costs incurred for repo obligations in favor of other entities must be recorded in this account, in accordance with the corresponding subaccounts.

CODES NAMES
721006 Write-offs
This item must represent the value of reserves established during the fiscal year. It is debited for increases to reserves and credited for decreases to reserves established in the current fiscal year.

CODES NAMES
721007 Losses from Asset Impairment
This item must represent the value of write-offs (derecognition) of financial investments and other investments, in accordance with the corresponding subaccounts.

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

CODES NAMES
81 Operating Expenses
8110 Expenses for Officials and Employees 811001 Remuneration This account must represent expenses for ordinary and extraordinary salaries paid to the institution's staff. Ordinary or extraordinary services provided by officials or employees to the company must be considered as salary; therefore, what they accrue in the concept of vacations, indemnities, and other similar benefits must be recorded in the corresponding accounts.

CODES NAMES
811002 Staff Benefits
This account must represent the value of benefits paid to staff, as described in the corresponding subaccounts.

CODES NAMES
811003 Staff Indemnities
Provisions and payments made by the entity to staff in the concept of indemnities for dismissal and temporary incapacity must be registered in this account, in accordance with its accounting policies.

CODES NAMES
811004 Board Expenses
Expenses generated by the Board of Directors of BDES applicable to the FSG in the exercise of their management functions must be recorded in this account.

CODES NAMES
811005 Pensions and Retirement

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

Charges for the estimation of pensions and retirements in favor of FSG staff must be registered in this account, in accordance with its policies.

CODES NAMES
811006 Other Staff Expenses
Other expenses of FSG staff not included in the previous classifications must be registered in this account, in accordance with the corresponding subaccounts.

CODES NAMES
8120 General Expenses
The accounts in this item must represent expenses incurred by the FSG, according to the detail of accounts and subaccounts. These accounts must be affected by the disbursements and provisions that correspond.

CODES NAMES
8130 Depreciations and Amortizations
The accounts in this item must represent the loss of value of fixed asset goods or other goods, whether by depreciation or amortization. This item also includes goods received in financial leases by the FSG, in accordance with the respective account and subaccount detail.

CODES NAMES
82 Other Expenses
8210 Other Expenses
The accounts in this item must represent insignificant expenses left unprovided for in the current fiscal year, due to some error and not by deliberate action.

CODES NAMES
8220 Loss on Sale of Assets

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

The accounts in this item must represent the value of losses caused by the sale of fixed asset goods and extraordinary assets.

CODES NAMES
8230 Expenses for Asset Exploitation
The accounts in this item must represent the expenses necessary to generate income from the exploitation of fixed assets and extraordinary assets.

CODES NAMES
8240 Write-offs of Goods Received in Payment or Adjudicated This item must represent losses in "Extraordinary Assets" that have been property of the entity for more than five years or after this plus the extension granted by the Superintendency, as stipulated in the third paragraph of Article 32 of the Law of the Financial System for Development Promotion.

CODES NAMES
8250 Expenses from Temporary Tax Differences on Gains Temporary expenses for income taxes must be registered in this account, as mentioned in International Financial Reporting Standards.

CODES NAMES
8270 Loss from Asset Impairment
Impairments of assets indicated by International Financial Reporting Standards must be registered in this item and corresponding accounts. Such impairments arise when the recoverable amount of an asset is less than its book value.

CODES NAMES
8280 Financial Expenses
Financial losses resulting from financial leases received must be recorded in this item, in accordance with the respective account and subaccounts.

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

CODES NAMES
8290 Others
The value of expenses incurred in the maintenance of Extraordinary Assets must be registered in this item. When the value determined in the deed of transfer in payment is greater than the sum of the capital balance, interest registered in asset accounts, legal costs, taxes, fees, and professional fees necessary to acquire ownership of the goods, the difference must be applied in this account. This accounting entry must be made on the same date that the acquisition value is registered.

CODES NAMES
83 Direct Taxes
8310 Income Taxes
831000 Income Taxes
This account must represent the value of the tax provision on the entity's profits, which must be recorded monthly based on accumulated profit. This account is debited when the tax provision increases, and credited when it decreases; in both cases, account 221003 Accounts Payable - Income Tax is used.

CODES NAMES
83 Direct Taxes
8320 Taxes on Gains
8320000100 Current Gain Tax (D)
The account is affected by debiting it with the amounts corresponding to fiscal taxes of the year, i.e., taxes resulting from applying the tax rate to fiscal gain.

CODES NAMES
83 Direct Taxes
8320 Taxes on Gains
8320000200 Establishment of Taxable Temporary Differences (D)

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

The account will be affected by debit for the amounts corresponding to the establishment of liabilities for deferred taxes that originate from applying the tax rate to established taxable temporary differences. This subaccount increases fiscal expenses on the date of its establishment, consequently reducing current taxes payable to the tax authority.

CODES NAMES
83 Direct Taxes
8320 Taxes on Gains
8320000300 Reversal of Deductible Temporary Differences (D) The account will be affected by debit for the amounts corresponding to the reversal of assets for deferred taxes that originate from applying the tax rate to reversed deductible temporary differences. This subaccount increases fiscal expenses on the date of its reversal, consequently reducing current taxes payable to the tax authority.

CODES NAMES
83 Direct Taxes
8320 Taxes on Gains
8320000400 Establishment of Deductible Temporary Differences (C) The account will be affected by credit for the amounts corresponding to the establishment of assets for deferred taxes that originate from applying the tax rate to established deductible temporary differences. This subaccount increases fiscal income on the date of its establishment, consequently increasing current taxes payable to the tax authority.

CODES NAMES
83 Direct Taxes
8320 Taxes on Gains
8320000500 Reversal of Taxable Temporary Differences (C) The account will be affected by credit for the amounts corresponding to the reversal of liabilities for deferred taxes that originate from applying the tax rate to reversed taxable temporary differences. This subaccount increases fiscal income on the date of its reversal, consequently increasing current taxes payable to the tax authority.

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

The net amount of this sub-group 8320 is equivalent to the tax on gains established on financial or accounting gains, i.e., accounting gains multiplied by the tax rate.

CODES NAMES
9 Off-Balance-Sheet Accounts
91 Financial Information
911 Commitments Acquired by Issued Guarantees 9110 Commitments Acquired by Issued Guarantees This account represents the liability for issued guarantees.

CODES NAMES
912 Reinsurance
9120 Reinsurance
Reinsurance for issued guarantees must be registered in this account.

CODES NAMES
913 Rights and Obligations for Obtained Credits 9130 Rights and Obligations for Obtained Credits 913001 Availability from Obtained Credits Funds from loans that are available for the FSG must be recorded in this account.

CODES NAMES
915 Pending Collection Balances
9150 Balances Due from Debtors
The balances that have remained pending for collection from debtor obligations that have partially cancelled the institution, through extraordinary assets received in payment or adjudicated, must be registered in the subaccounts of this item.

CODES NAMES
916 Financial Investment Portfolio
9160 Financial Investment Portfolio

CNBCR-09/2013
NASF-02
ACCOUNTING MANUAL FOR THE SALVADORAN GUARANTEE FUND Approval: 07/30/2013 Validity: 01/01/2014 Tel. (503) 2281-8000 www.bcr.gob.sv

These accounts must represent the nominal value of the registered documents, plus the value of existing coupons, in accordance with the corresponding subaccounts.

CODES NAMES
917 Write-off Assets
9170 Write-off Assets
This account must represent the value of assets that have been written off.

CODES NAMES
918 Other Off-Balance-Sheet Accounts
9180 Other Off-Balance-Sheet Accounts
All off-balance-sheet accounts not included in the previous classifications must be registered in this account.

VALIDITY
This Manual shall enter into force as of January 1, 2014.

MODIFICATIONS:
(1) Modification approved based on the generic procedure agreed upon by the Standards Committee of the Central Reserve Bank in Session CN-01/2016, on February 24, 2016. Validity of modification from September 5, 2017.

Similar documents from other regulators