Rule · BCRA · 27 Nov 2002 · A 3824
Financial entities must integrate minimum cash and apply resources from sight and time liabilities in pesos based on December 2002/January 2003 averages. Daily integration balances must reach 50% of the prior month’s requirement, rising to 70% if prior deficiencies exceeded transfer margins. Deficiencies may be transferred for up to six months, with deductions allowed for specific periods starting 1.12.02. This communication replaces specific points in the “Minimum Cash” and “Minimum Application of Resources” rules effective 1.12.02.
BANCO CENTRAL DE LA REPUBLICA ARGENTINA
COMUNICACIÓN “A“ 3824 27/11/2002
TO FINANCIAL ENTITIES:
Ref.: Circular
REMON 1 - 769
OPRAC 1 - 544
Minimum Cash and Minimum Application of
Resources from Sight and Time Liabilities in Pesos. Modifications.
We address you to inform you that this Institution adopted the following resolution:
“1. Establish that, for the period December 2002/January 2003, the requirement and integration of the minimum cash shall be observed based on the average resulting from dividing the sum of the daily balances of the included concepts registered during that period by the total number of days in the bimonthly period. With respect to the aforementioned bimonthly position, the existing general provisions regarding the transfer of requirements referred to in point 1.5 of Section 1 of the “Minimum Cash” rules apply.
Establish that, for the period December 2002/January 2003, the requirement and integration of the regime “Minimum Application of Resources from Sight and Time Liabilities in Pesos” shall be observed based on the average resulting from dividing the sum of the daily balances of the included concepts registered during that period by the total number of days in the bimonthly period.
Admit the deduction of the minimum cash requirement in pesos, in the positions indicated below for the specified periods, when a theoretical deficiency of integration or an increase in the deficiency arises from the November 2002 position recalculated with the rates valid for the December-January period, as applicable.
Position %
December 2002/January 2003 80
February 2003 60
March 2003 30
From April 2003 0
Repeal, with effect from 1.12.02, points 1.3.13. and 1.3.14. of Section 1 of the “Minimum Cash” rules regarding the determination of the requirement for fixed-term deposits and obligations for “acceptances” of free availability.
Substitute, with effect from 1.12.02, point 1.3.8. of Section 1 of the “Minimum Cash” rules, with the following:
“1.3.8. Fixed-term deposits, obligations for “acceptances” - included are liabilities from the sale or assignment of credits to subjects other than financial entities-, passive repos, guarantees and passive stock market repos, investments at a fixed term, with option for early cancellation or renewal for a determined term and with variable remuneration, and other time-bound obligations, with the exception of deposits included in points 1.3.9., 1.3.13. and
1.3.15. 14”
Replace, with effect from 1.12.02, the first paragraph of point 1.1.1.1. of Section
1 of the rules on “Minimum Application of Resources from Sight and Time Liabilities in Pesos” with the following:
“Deposits and other obligations for financial intermediation at sight and at term in pesos.”
Substitute, with effect from 1.12.02, points 1.3.8. and 1.3.10. of Section 1 of the
rules on “Minimum Application of Resources from Sight and Time Liabilities in Pesos” with the following:
“1.3.8. Fixed-term deposits, obligations for “acceptances” - included are liabilities from the sale or assignment of credits to subjects other than financial entities-, passive repos, guarantees and passive stock market repos, investments at a fixed term, with option for early cancellation or renewal for a determined term and with variable remuneration, and other time-bound obligations, with the exception of reprogrammed deposits. 12” “1.3.10. Sight and fixed-term deposits made by order of the Justice with funds originating in the cases in which it intervenes, and their immobilized balances. 0”
Incorporate, with effect from 1.12.02, in Section 1 of the rules on “Minimum
Application of Resources from Sight and Time Liabilities in Pesos” the following points:
“1.3.11. Deposits included in the “Deposit Reprogramming Regime” (“CEDROS”). 0” “1.3.12. Negotiable obligations. 0” “1.3.13. Obligations with the Fiduciary Fund for Assistance to Financial and Insurance Entities. 0”
Admit the counting, with effect from 1.4.02, on a transitional basis, of foreign currency cash in entities, in transit and in cash transporters for the purposes of the minimum daily integration of minimum cash in foreign currency.
Substitute, with effect from 1.12.02, the first paragraph of point 2.3. of Section 2 of the
rules on “Minimum Cash” with the following:
“On no day of the month, the sum of the balances of the concepts admitted as integration referred to in points 2.1.2. to 2.1.5. and 2.1.7., registered at the close of each day, may be less than 50% of the total minimum cash requirement determined for the immediate previous month, recalculated based on the requirements and concepts valid in the month to which the reserves correspond, without considering the effects of the application of what is provided in point
1.5.1. of Section 1.”
Repeal, from 1.12.02, point 2.4. of Section 2 of the “Minimum Cash” rules regarding the additional remuneration.”
Accompanying you with the sheets that should be incorporated into the relevant ordered texts in replacement of those previously provided and an example of application of the provisions of the preceding point 3, we salute you very attentively. BANCO CENTRAL DE LA REPUBLICA ARGENTINA Alfredo A. Besio José Rutman Manager of Emission Manager Principal of of Norms Norms and Authorizations
ANEXO
B.C.R.A. Deductions to the minimum cash requirement
Annex to the
Com. “A”
3824
Application Examples
It is assumed that the minimum application of resources requirement is fully utilized. Case 1: Surplus Position Real Situation - Nov/02 Calculation of theoretical deficiency Deposits November/02 Amount Rate Requirement Integration Excess/ defect Rate (dec/02) Requirement Integration Excess/ defect At sight 1,000 22% 220 22% 220 7 days at term (Free disp) 1,000 9% 90 14% 140 310 325 15 360 325 -35 Admitted Deductions (Point 6.2.) Dec/Jan-03 80% 28.0 Feb-03 60% 21.0 Mar-03 30% 10.5 Apr-03 0% 0.0
Case 2: Deficit Position
Real Situation - Nov/02 Calculation of marginal deficiency Deposits November/02 Amount Rate Requirement Integration Defect Rate (dec/02) Requirement Integration Excess/ defect At sight 1,000 22% 220 22% 220 7 days at term (Free disp) 1,000 9% 90 14% 140 310 270 -40 360 270 -90 Marginal Deficiency 50 Admitted Deductions (Point 6.2.) Dec/Jan-03 80% -40.0 Feb-03 60% -30.0 Mar-03 30% -15.0 Apr-03 0% 0.0
B.C.R.A. ORDERED TEXT OF THE RULES ON “MINIMUM CASH” Version: 10th. COMUNICACIÓN “A“ 3824 Validity:
01/12/2002
-IndexSection 1. Requirement.
1.1. Included Obligations.
1.2. Application Base.
1.3. Minimum Cash.
1.4. Point increases in requirement due to liability concentration.
1.5. Transfers.
1.6. Defect of application of resources in foreign currency.
1.7. Defect of application of resources in pesos.
Section 2. Integration.
2.1. Admitted Concepts.
2.2. Counting.
2.3. Minimum daily integration.
Section 3. Non-compliance.
3.1. Charge.
3.2. Framing programs.
3.3. Regularization and sanitation plans.
Section 4. Basis for observance of the rules.
4.1. Individual basis.
Section 5. Responsible parties and sanctions.
5.1. Responsible for liquidity policy.
Section 6. Transitional provisions.
6.1. Bimonthly position.
6.2. Amount deductible from the requirement.
6.3. Minimum daily integration of minimum cash in foreign currency.
MINIMUM CASH B.C.R.A.
Section 1. Requirement.
Version: 11th. COMUNICACIÓN “A“ 3824
Validity:
01/12/2002
1.3. Minimum Cash.
The amounts of minimum cash resulting from applying the following rates shall be integrated:
Concept Rate in %
1.3.1. Checking account deposits. 22
1.3.2. Savings account deposits. 22
1.3.3. Pupil usuries, special accounts for closed circles,
“Unemployment Fund for construction industry workers”, “Payment of remunerations”, special checking accounts for legal entities and savings provisional account. 22
1.3.4. Other sight deposits and obligations, pension
benefits credited by ANSES pending cash realization and immobilized balances corresponding to obligations included in these rules. 22
1.3.5. Unused balances of formalized checking account advances. 22
1.3.6. Sight placements -whatever the form of imposition- that, as a minimum, must constitute the credit of the
investment funds (in accordance with what is provided in the Norms of the National Securities Commission). 100
1.3.7. Deposits in checking accounts of non-bank financial entities,
countable for the integration of their minimum cash. 100
1.3.8. Fixed-term deposits, obligations for “acceptances”
-included are liabilities from the sale or assignment of credits to subjects other than financial entities-, passive repos, guarantees and passive stock market repos, investments at a fixed term, with option for early cancellation or renewal for a determined term and with variable remuneration, and other time-bound obligations, with the exception of the deposits included in points 1.3.9., 1.3.13. and 1.3.15. 14
MINIMUM CASH B.C.R.A.
Section 1. Requirement.
Version:
11th.
COMUNICACIÓN “A“ 3824
Validity:
01/12/2002
1.3.9. Deposits included in the “Deposit Reprogramming
Regime”. 0
1.3.10. Obligations from foreign financial lines, whatever
their instrumentality. 0
1.3.11. Negotiable obligations. 0
1.3.12. Reprogrammed deposits assigned by other financial entities, maintained under reprogramming conditions,
in connection with the execution of the operation provided in point 5 of the “Deposit Reprogramming Regime”. 100
1.3.13. Fixed-term deposits in US dollars payable in pesos. (Validity: 25.03.02) 0
1.3.14. Obligations with the Fiduciary Fund for Assistance to Financial and Insurance Entities. 0
1.3.15. Sight and fixed-term deposits made by order of the
Justice with funds originating in the cases in which it intervenes, and their immobilized balances. 10
1.3.16. Special accounts in US dollars intended for
deposit of the guarantees required in the operations of futures and options that are processed in the self-regulated markets subject to the control of the National Securities Commission. 100
1.3.17. Special sight accounts in foreign currency. 100
1.3.18. Fixed-term deposits with “CER” clause. 0
1.4. Point increases in requirement due to liability concentration.
When an excessive concentration of liabilities (in holders and/or terms) is verified, which implies a significant risk regarding the individual liquidity of the financial entity and/or has an important negative effect on systemic liquidity, additional minimum cash may be set on the liabilities included of the financial entity and/or those complementary measures that are deemed pertinent. It will be considered that this situation is configured when, among others, any of the following factors is presented:
MINIMUM CASH B.C.R.A.
Section 1. Requirement.
Version: 9th. COMUNICACIÓN “A“ 3824
Validity:
01/12/2002
1.5. Transfers.
1.5.1. Admitted Margin.
The integration of the minimum cash of the positions in average monthly of daily balances of the included obligations cannot be less than 90% of the requirement resulting from the following expression:
EEMA (n) = EEF (n) + ENI (n-1)
Where
EEMA (n): adjusted minimum cash requirement corresponding to month “n”.
EEF (n): minimum cash requirement according to valid norms corresponding to month “n”. ENI (n-1): requirement not integrated in month “n-1”.
1.5.2. Utilization Period.
The admitted transfer of the requirement not integrated in each month to the next position may be carried out up to a maximum of six months, counted from the first month (inclusive) in which the option to use it is chosen in accordance with what is provided previously or from the first immediate position subsequent to that in which the transferred defects are compensated or charge is paid on them.
1.6. Defect of application of resources in foreign currency.
The defect of application of resources corresponding to foreign currency deposits that determined in a month shall be counted by an equivalent amount in the calculation of the minimum cash requirement of that same period.
1.7. Defect of application of resources in pesos.
The defect of “minimum application of resources from sight and time liabilities in pesos” that is determined in a month shall be counted by an equivalent amount in the calculation of the minimum cash requirement in pesos of that same period.
MINIMUM CASH B.C.R.A.
Section 2. Integration.
Version:
12th.
COMUNICACIÓN “A“3824
Validity:
01/12/2002
2.3. Minimum daily integration.
On no day of the month, the sum of the balances of the concepts admitted as integration referred to in points 2.1.2. to 2.1.5. and 2.1.7., registered at the close of each day, may be less than 50% of the total minimum cash requirement, determined for the immediate previous month, recalculated based on the requirements and concepts valid in the month to which the reserves correspond, without considering the effects of the application of what is provided in point
1.5.1. of Section 1.
This daily requirement shall be 70% when in the previous counting period a deficiency of integration in average monthly higher than the admitted transfer margin has been registered.
MINIMUM CASH B.C.R.A.
Section 6. Transitional provisions.
Version: 1st. COMUNICACIÓN “A“ 3824
Validity:
01/12/2002
6.1. Bimonthly position.
For the period December 2002/January 2003, the requirement and integration of the minimum cash shall be observed based on the average resulting from dividing the sum of the daily balances of the included concepts registered during that period by the total number of days of the bimonthly period. With respect to the aforementioned bimonthly position, the existing provisions apply generally regarding the transfer of requirement referred to in point 1.5 of Section 1.
6.2. Amount deductible from the requirement.
The deduction of the minimum cash requirement in pesos shall be admitted, in the positions that are indicated below for the specified periods, when from the position of November 2002 recalculated with the rates valid for the December-January period, a theoretical deficiency of integration or an increase in the deficiency arises, as applicable. Position % December 2002/January 2003 80 February 2003 60 March 2003 30 From April 2003 0
6.3. Minimum daily integration of minimum cash in foreign currency.
Foreign currency cash in entities, in transit and in cash transporters may be counted (validity 1.4.02).
B.C.R.A.
ORIGIN OF THE PROVISIONS INCLUDED IN THE ORDERED TEXT OF THE RULES ON MINIMUM CASH ORDERED TEXT ORIGIN NORM OBSERVATIONS Sec. Point Para. Com. Annex Sec. Point Para.
1.1. “A” 3274 II 1. 1.1.
1.1.1. “A” 3274 II 1. 1.1.1. According to Com. “A” 3498.
1.1.2. “A” 3274 II 1. 1.1.2. According to Com. “A” 3597.
1.1.3. “A” 3274 II 1. 1.1.3. According to Com. “A” 3498
1.2. “A” 3274 II 1. 1.2. According to Com. “A” 3304, “A”
3498 and “A” 3597.
1.3. “A” 3274 II 1. 1.3.
1.3.1. “A” 3274 II 1. 1.3.1. According to Com. “A” 3338, “A”
3417, “A” 3498 and “A” 3597.
1.3.2. “A” 3274 II 1. 1.3.2. According to Com. “A” 3338, “A”
3417, “A” 3498 and “A” 3597.
1.3.3. “A” 3274 II 1. 1.3.3. According to Com. “A” 3338, “A”
3399, “A” 3417, “A” 3498,
“A” 3597 and “A” 3824.
1.3.4. “A” 3274 II 1. 1.3.4. According to Com. “A” 3338, “A”
3417, “A” 3498 and “A” 3597.
1.3.5. “A” 3274 II 1. 1.3.5. According to Com. “A” 3338, “A”
3417, “A” 3498 and “A” 3597.
1.3.6. “A” 3274 II 1. 1.3.6. According to Com. “A” 3365 and
“A” 3498.
1.3.7. “A” 3274 II 1. 1.3.7.
1.3.8. “A” 3498 unique 1. 1.3.8. According to Com. “A” 3506 -
pt. 2.-, 3549, 3732 and
3824.
1.3.9. “A” 3498 unique 1. 1.3.10. According to Com. “A” 3549 and
“A” 3824.
1.3.10. “A” 3498 unique 1. 1.3.11. According to Com. “A” 3597 and
3732.
1.3.11. “A” 3498 unique 1. 1.3.12.
1.3.12. “A” 3498 unique 1. 1.3.13.
1.3.13.
“A” 3527
3.
1.3.14. “A” 3549 1.
1.3.15. “A” 3549 1.
1.3.16. “A” 3566 5.
1.3.17. “A” 3583 3.
1.3.18. “A” 3660 9.
1.4. “A” 3274 II 1. 1.5. According to Com. “A” 3498.
1.5. “A” 3274 II 1. 1.6.
1.5.1. “A” 3274 II 1. 1.6.1.
1.5.2. “A” 3274 II 1. 1.6.2. According to Com. “A” 3304.
1.
1.6. “A” 3498 unique 1. 1.8.
B.C.R.A.
ORIGIN OF THE PROVISIONS INCLUDED IN THE ORDERED TEXT OF THE RULES ON MINIMUM CASH MINIMUM CASH ORDERED TEXT ORIGIN NORM OBSERVATIONS Sec. Point Para. Com. Annex Sec. Point Para.
1. 1.7. “A” 3597 1. According to Com. “A” 3660.
2.1. “A” 3274 II 2. 2.1. According to Com. “A” 3498 and
“A” 3597.
2.1.1. “A” 3274 II 2. 2.1.1. According to Com. “A” 3304.
2.1.2. “A” 3274 II 2. 2.1.2. According to Com. “A” 3304 and
“A” 3498.
2.1.3. “A” 3498 unique 2. 2.1.3.
2.1.4. “A” 3274 II 2. 2.1.3. According to Com. “A” 3498.
2.1.5. “A” 3274 II 2. 2.1.4.
2.1.6. “A” 3311
2.1.7. “A” 3498 unique 2. 2.1.7.
2.2. “A” 3274 II 2. 2.2. According to Com. “A” 3498
2.
2.3. “A” 3365 2. According to Com. “A” 3387,
3470, “A” 3498, “A” 3549,
“A” 3597, “A” 3732 and 3824.
3.1. “A” 3274 II 3. 3.1.
3.1.1. “A” 3274 II 3. 3.1.1. According to Com. “A” 3326,
3365, “A” 3498 and “A” 3549.
3.1.2. “A” 3274 II 3. 3.1.2.
3.1.3. “A” 3274 II 3. 3.1.3. According to Com. “A” 3326.
3.1.4. “A” 3274 II 3. 3.1.4.
3.2. “A” 3274 II 3. 3.2.
3.2.1. “A” 3274 II 3. 3.2.2.1.
3.2.2. “A” 3274 II 3. 3.2.2.2.
3.3. “A” 3274 II 3. 3.3. According to Com. “A” 3498.
3.3.1. “A” 3274 II 3. 3.3.1.
3.
3.3.2. “A” 3274 II 3. 3.3.2.
4. 4.1. “A” 3274 II 4. 4.1.
5. 5.1. “A” 3274 II 5. 5.1. According to Com. “A” 3498.
6.1. “A” 3824
6.2. “A” 3824
6.
6.3. “A” 3824
MINIMUM APPLICATION OF RESOURCES FROM SIGHT AND TIME LIABILITIES IN PESOS B.C.R.A. Section 1. Scope. Version: 4th. COMUNICACIÓN “A“ 3824 Validity:
01/12/2002
1.1. Included Obligations.
1.1.1. Included Concepts.
1.1.1.1. Deposits and other obligations for financial intermediation at sight and
at term in pesos.
Obligations that do not participate in the concept of financial intermediation are not included, among them the following:
i) Price balances from the purchase of movable and immovable goods destined for own use. ii) Obligations linked to the proper functioning of the entity, such as:
a) Profits or surpluses pending distribution -including cash dividends, returns, fees and other participations pending payment or crediting- until the moment of making them available to the holders. b) Sums received from third parties and made by the entity available to professionals or managers, to attend the payment of the provision of accessory services, such as title study, background checks, powers of attorney or appraisals. c) Social charges, taxes and withholdings on personnel, pending payment. d) Expenses, salaries, severance indemnities, fees, pending payment. iii) Collections on account of overdue loans or for the sale of movable and immovable goods, while they are not applied to reduce the corresponding asset items.
1.1.1.2. Unused balances of formalized checking account advances that do
not contain clauses that enable the entity to dispose of discretionarily and unilaterally the possibility of use of such margins.
1.1.1.3. Fixed-term deposits with “CER” clause.
1.1.2. Exclusions.
1.1.2.1. Obligations with the Central Bank of the Argentine Republic.
1.1.2.2. Obligations with local financial entities.
MINIMUM APPLICATION OF RESOURCES FROM SIGHT AND TIME LIABILITIES IN PESOS B.C.R.A. Section 1. Scope. Version: 3rd. Communication “A” 3824 Validity:
01/12/2002
1.1.2.3. Obligations with foreign banks -including parent companies and
controlling entities of local entities and their branches- for lines that have as destination the financing of foreign trade operations.
1.1.2.4. Obligations for spot purchases to be settled and term.
1.1.2.5. Spot sales to be settled and term, linked or not to active repos.
1.1.2.6. Sight obligations for drafts and transfers from abroad pending payment and for correspondent operations abroad.
1.1.3. Counting.
The included obligations shall be counted by the balances of capital effectively transacted, including in their case the quotation differences (positive or negative).
1.2. Application Base.
The requirement shall be applied on the monthly average of the daily balances of the included obligations, registered at the close of each day during each calendar month. The averages shall be obtained by dividing the sum of the daily balances by the total number of days of each month. Days on which no movement is registered shall repeat the balance corresponding to the immediate previous business day.
1.3. Requirement.
The amounts of requirement resulting from applying the following rates shall be applied:
Concept Rate
In %
1.3.1. Checking account deposits. 18
1.3.2. Savings account deposits. 18
1.3.3. Pupil usuries, special accounts for closed circles,
“Unemployment Fund for construction industry workers”, “Payment of remunerations”, special checking accounts for legal entities and savings provisional account. 18
Version: 4th
COMMUNICATION “A” 3824
Validity:
01/12/2002
1.3.4. Other deposits and demand liabilities, pension benefits credited by ANSES pending cashing, and balances immobilized corresponding to liabilities included in these regulations. 18
1.3.5. Unused balances of current account advances formalized. 18
1.3.6. Demand placements - regardless of the form of imposition - that, at a minimum, must constitute the equity of common investment funds (in accordance with what is provided in the regulations of the National Securities Commission). 0
1.3.7. Deposits in current accounts of non-banking financial entities, computable for the integration of their minimum cash reserve. 0
1.3.8. Fixed-term deposits, liabilities for “acceptances” - including responsibilities for the sale or assignment of credits to subjects other than financial entities - passive repos, guarantees and passive stock market repos, investments at constant term, with option for early cancellation or renewal for a determined term and with variable remuneration, and other time liabilities, with the exception of rescheduled deposits. 12
1.3.9. Liabilities from foreign financial lines, regardless of their instrumentality. 0
1.3.10. Demand and fixed-term deposits made by order of the Judiciary with funds originated in the cases in which it intervenes, and their immobilized balances. 0
1.3.11. Deposits included in the “Deposit Rescheduling Regime” (“CEDROS”). 0
1.3.12. Negotiable obligations. 0
1.3.13. Obligations with the Fiduciary Fund for Assistance to Financial and Insurance Entities. 0
1.3.14. Fixed-term deposits with “CER” clause. 100
Version: 1st
COMMUNICATION “A” 3824
Validity:
01/12/2002
2.1.1. Credits acquired, participation certificates or debt titles issued by financial trusts, and sums contributed in any other form for any of these destinations in operations formalized or to be formalized from 26.11.98, on the occasion of the restructuring of financial entities within the framework of article 35 bis of the Financial Entities Law, including any eventual unpaid balances of participation certificates or debt titles of those trusts subscribed until 31.1.01.
2.1.2. Letters of the Central Bank of the Argentine Republic in pesos adjustable by the Reference Stabilization Coefficient (“CER”), acquired in auctions or through secondary negotiation.
This application must be equivalent to the amount resulting from the requirement established in point 1.3.14. of Section 1. on fixed-term deposits with “CER” clause and is only admitted for that purpose.
Version: 4th
COMMUNICATION “A” 3824
Validity:
01/12/2002
4.1. From August 2002, it will be admitted to deduct from the requirement determined for the concepts included in points 1.3.1. to 1.3.13. of Section 1., the amount of the “National Government 9% Bonds - maturity 2002” computed for compliance with the minimum application corresponding to the average of June 2002, without exceeding the resulting requirement.
That deduction will be allowed for twelve consecutive months, according to the following schedule:
4.2. Bi-monthly position.
For the period December 2002/January 2003, the requirement and the integration of the “Minimum application of resources from demand and time liabilities in pesos” regime will be observed on the average resulting from dividing the sum of the daily balances of the included concepts registered during that period by the total number of days in the bi-month.
ORIGIN OF THE PROVISIONS INCLUDED IN THE ORDERED TEXT OF THE REGULATIONS ON “MINIMUM APPLICATION OF RESOURCES FROM DEMAND AND TIME LIABILITIES IN PESOS”
| ORDERED TEXT | ORIGIN NORM | OBSERVATIONS | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Sec. | Point | Para. | Com. | Annex | Sec. | Point | Para. | ||
| 1.1. | “A” 3598 | único | 1. | 1.1. | According to Com. “A” 3660, 3732 and 3824. | ||||
| 1.2. | “A” 3598 | único | 1. | 1.2. | |||||
| 1.3. | “A” 3598 | único | 1. | 1.3. | |||||
| 1.3.1. | “A” 3598 | único | 1. | 1.3.1. | |||||
| 1.3.2. | “A” 3598 | único | 1. | 1.3.2. | |||||
| 1.3.3. | “A” 3598 | único | 1. | 1.3.3. | According to Com. “A” 3824. | ||||
| 1.3.4. | “A” 3598 | único | 1. | 1.3.4. | |||||
| 1.3.5. | “A” 3598 | único | 1. | 1.3.5. | |||||
| 1.3.6. | “A” 3598 | único | 1. | 1.3.6. | |||||
| 1.3.7. | “A” 3598 | único | 1. | 1.3.7. | |||||
| 1.3.8. | “A” 3732 | 5. | 1.3.8. | According to Com. “A” 3824. | |||||
| 1.3.9. | “A” 3598 | único | 1. | 1.3.9. | According to Com. “A” 3732. | ||||
| 1.3.10. | “A” 3598 | único | 1. | 1.3.10. | According to Com. “A” 3824. | ||||
| 1.3.11. | “A” 3824 | 1.3.11. | |||||||
| 1.3.12. | “A” 3824 | 1.3.12. | |||||||
| 1.3.13. | “A” 3824 | 1. | 1.3.13. | ||||||
| 1.3.14. | “A” 3660 | 8. | 1.3.14. | ||||||
| 2.1. | “A” 3598 | único | 2. | 2.1. | |||||
| 2.1.1. | “A” 3598 | único | 2. | 2.1.1. | |||||
| 2. | |||||||||
| 2.1.2. | “A” 3660 | 2.1.2. | According to Com. “A” 3732 and “A” 3824. | ||||||
| 3. | 3.1. | “A” 3598 | único | 3. | 3.1. | ||||
| 4.1. | “A” 3674 | 4.1. | According to Com. “A” 3698, 3732 and 3824. | ||||||
| 4. | |||||||||
| 4.2. | “A” 3824 | 4.2. |
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.
“According to Com. “A” 3498 unique 1. 1.1.3.”
“According to Com. “A” 3274 II 1. 1.1.”
“2.3. "A" 3365 2. According to Comm. "A" 3387, "A" 3470, "A" 3498, "A" 3549, "A" 3597, "A" 3732, "A" 3824, "A" 4016 and "A" 4449.”
More like this from BCRA
BCRA published 13 documents in the last 30 days. We email you each new one the day it's published.
Source: Banco Central de la Republica Argentina — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added