Regulatory Alerts2026-04-01 | A 8416Circular SINAP 1-244 National Payments System - Electronic Compensation Chambers. Guarantees. Compliance.
The Central Bank of the Argentine Republic issued Communication A 8416 to revise guarantee calculations, non-compliance charges, and authorization requirements for financial entities operating through low-value electronic compensation chambers. The resolution mandates that all net debtor balances across the quarter determine guarantee calculations, introduces a first-annual-year exemption for non-compliance charges while applying subsequent charges to the full unpaid balance, and requires affiliated entities to authorize automatic debits from their current or foreign currency accounts when executed guarantees prove insufficient. Existing authorized institutions are exempt from the new calculation formula until granting this authorization, whereas new entrants must secure it to operate, and Communication A 8353’s penultimate paragraph is updated to specify real-time guarantee reporting and advance payments by Newpay SAU, Red Link SA, and COELSA.