Circular A 847: Submission of Formulas 4088 and 4089 for US Dollar Time Deposits Held for the Central Bank

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
COMUNICACIÓN “A” 847 12/02/86
TO FINANCIAL ENTITIES:
Ref.: Circular OPERATIONS PASSIVE - OPASI - 1 - 65; Circular MONETARY REGULATIONS - REMON - 1 - 288; Circular LIQUIDITY AND SOLVENCY - LISOL - 1 - 11. Fixed-term deposits in US dollars on behalf and order of the Central Bank of the Argentine Republic (Communication “A” 725)

We address you to provide you with the models of Formulas 4088 and 4089 linked to the reference regime, along with the corresponding instructions for their integration, usable by entities registered in the relevant Registry starting from the information of August 1985.

The charge referred to in row 5 of Table B of Formula 4089, if not submitted on time and in proper form, is subject to the debt update regime provided for in point 3.2.5.2. of Chapter V of Circular LISOL - 1 (Communication “A” 414).

Likewise, we inform you that for the period between August 1, 1985, and January 31, 1986, you must integrate a Formula 4089, with the movement recorded regarding capture, cancellation, and transfers of deposits included in this regime, for each business day elapsed, and separate Formulas 4089 for each month of the period August 1985 - January 1986, with no need to integrate rows 4 and 5 of Table B in the information for August and September of the past.

The formulas referred to in the previous paragraph must be in possession of this Institution no later than March 3, 1986. Formulas 4088 from February 1 to 11, 1986, may be submitted until February 17, 1986.

We salute you very attentively.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Alfredo A. Besio
Manager of Standards for
Financial Entities
Elías Salama
Deputy General Manager

ANNEXES

MODEL
BANCO CENTRAL OF THE ARGENTINE REPUBLIC
External and Exchange Management
FOREIGN CURRENCY DEPOSITS
COMMUNICATION “A” 725

• Amounts in US dollars -
  (1)
  Entity Information: Code: / /
  I. Deposits Received Capital Interest payable at maturity Maturity Date
  TRAMS (2) Zone I-1 Zone II-2 Zone I - 3 Zone II - 4 - 5 - 1 60 Days 2 90 “ 3 120 “ 4 150 “ 5 180 “ 6 210 “ 7 240 “ 8 270 “ 9 300 “ 10 330 “ 11 360 “

12. Total capital
    and interest
    II - Cancellations Made III - Amounts transferred Com. “A” 725 IV - Amounts requested Com. “A” 725 Capital - 1 Interest - 2 Value Date Amount Value Date Amount Zone I Zone II TOTAL V - CASH - Balance in US$ Place and date:
    ACCOUNTING AREA (*) GENERAL MANAGER
    Signature and clarification Signature and clarification RESERVED FOR THE B.C.R.A.
    A
    Result of foreign exchange operations
    US$ TºCº
    A
    US$ TºCº
    DEPARTMENT OF THE BANK

• COMPENSATION ACCOUNTS - DEPARTMENT OF
  EXCHANGE OPERATIONS -
  FOREIGN CURRENCY DEPOSITS ON BEHALF AND
  ORDER OF THE B.C.R.A.
  A
  US$ TºCº
  A
  DEPARTMENTS OF THE
  BANK - COMPENSATION ACCOUNTS - DEPARTMENT OF OPERATIONS OF EXCHANGE - FOREIGN EXCHANGE - FINANCIAL ENTITIES - COMMUNICATION “A” 725 FOREIGN EXCHANGE - Financial Entitie- US$ TºCº s - Communication “A” 725 A FOREIGN CURRENCY DEPOSITS ON BEHALF AND ORDER OF THE B.C.R.A. FOREIGN EXCHANGE - Banco de la Nación Argentina New York.- Communication “A” 725” US$ FOREIGN EXCHANGE - Financial Entities - Communication “A” 725. FOREIGN EXCHANGE - Financial Entities- Communication “A” 725 US$ FOREIGN EXCHANGE - Banco de la Nación Argentina New York External and Exchange Management General Accounting (1) Reserved for BCRA (2) Deposits captured for terms longer than those specified will be included in each tranche, on the grounds that the maturity date falls on a non-business day. (Point 3.3. of Annex I to Communication “A” 725) (3) - To be signed by the highest-ranking responsible person. The provision of this form must be requested via Form. 337 Form 4088 (II-86) WILL BE INTEGRATED IN QUADRUPLE

B.C.R.A. INSTRUCTIONS FOR THE INTEGRATION OF FORMULA 4088 Annex I to Com. “A” 847

1. General Instructions
   To report on movements registered regarding deposits in US dollars received on behalf and order of the Central Bank (Communication “A” 725), financial entities registered in the registry enabled for this purpose will use Formula 4088, which must be submitted for each business day - even if no movement is registered - directly to the Department of Exchange Operations, within normal business hours, no later than the third business day following the reporting date. Its integration and presentation will be carried out in triplicate; the last copy will be returned to the entity with proof of receipt to be archived in its headquarters. Formula 4088 is subject to the regime on the presentation of information (Circular RUNOR - 1, Chapter II, point 1.). Amounts will be recorded in US dollars, without cents.
2. Table I
   Column 1
   Capital invested on the reporting day in offices located in the city of Buenos Aires and surrounding districts mentioned in point 5, of Annex I to Communication “A” 725 (text according to Communication “A” 753) will be declared, based on the validity terms of the investments. Column 2 The same information as required in Column 1 will be included, regarding offices located in the rest of the country. Columns 3 and 4 This includes reporting, depending on whether investments declared in each row of columns 1 and 2 respectively, the interest to be paid at maturity for deposits captured on the reporting date. Column 5 The maturity dates corresponding to each term for the reporting day will be recorded.
3. Table II
   Column 1
   The cancellation of deposits made on the reporting day in terms of capital, classified according to the location of the office that captured it, will be registered.

Column 2
The payment of interest corresponding to deposits returned on the reporting day, depending on whether it corresponds to Zone I or Zone II, will be registered.
4. Table III
The date - column 1 - and the amount - column 2 - at which transfers will be credited to the “Communication “A” 725” account of the Central Bank of the Argentine Republic opened at the Banco de la Nación Argentina - New York Branch - will be recorded.
5. Table IV
The amount requested from the Central Bank to meet cash needs - column 2 - and the date on which said amount is credited to a correspondent of the entity - column 1 - will be reported.
6. Column V
The cash balance registered by the entity at the close of the reporting day in the set of its receiving offices will be reported.

TABLE B DETERMINATION OF CHARGE FOR NON-COMPLIANCE IN FUND TRANSFERS
Concept Amount in US$
Margin of availability ( % of row 33, col.5 of Table A - % of row 33. col. 6 of Table A) Minimum amount to transfer or maximum to withdraw [row 33 (cols.1 and 2 minus cols. 3, 4 and 7) of Table A, minus row 1, plus row 1 of the previous month] (+ or -) 3 Difference [row 2 minus row 33 (cols. 8 - 9) of Table A] (+ or -) Charge settlement:
( % of the positive result of row 3 x No. of days of the month) Amount in australes Conversion of the charge into australes: with cents (row 4 by exchange rate)
TABLE C REMUNERATION FOR SERVICE ATTENTION
Concept Amount in US$
Determination of the commission:
[ % of row 33 (cols.5 and 6 of Table A x No. of days of the month)] Amount in australes with cents 2 Conversion of the commission into australes:
(row 1 by exchange rate)
TABLE D STATISTICAL INFORMATION (in thousands of australes)
End-of-month balances Average monthly daily balances Holders Capitals Accrued Interests Capitals Residents in the country Non-financial Public Sector Non-financial Private Sector Residents abroad TOTAL Observations:
Place and Date:
ACCOUNTING AREA (3) GENERAL MANAGER
Signature and clarification Signature and clarification (1) Sum of rows 1 to 31. (2) Average (row 32 % No. of days of the month) (3) To be signed by the highest-ranking responsible person.

MODEL
BANCO CENTRAL OF THE ARGENTINE REPUBLIC
Financial Entity Control Management
US DOLLAR DEPOSITS
ON BEHALF AND ORDER OF THE CENTRAL BANK
OF THE ARGENTINE REPUBLIC
CODE
Entity: Month of 19
TABLE A STATEMENT OF DEPOSITS AND ACCOUNTS WITH THE CENTRAL BANK
Deposits received Deposits cancelled Balance of Deposits Account “Communication “A” 725 Zone I Zone II Zone I Zone II Zone I Zone II Interest paid by account of the B.C.R.A. Credits Withdrawals Balance 1 2 3 4 5 6 7 8 9 10

• Amounts in US dollars -
  (1)
  (2)
  The provision of this form must be requested via Form. 337 Form. 4089 (II-86)

B.C.R.A. INSTRUCTIONS FOR THE INTEGRATION OF FORMULA 4089 Annex II to Com. “A” 844

1. General Instructions
   To report on the status of the regime for US dollar deposits on behalf of the Central Bank of the Argentine Republic (Communication “A” 725), entities registered in the registry enabled for this purpose will use Formula 4089, which must be submitted monthly to this Institution no later than the 16th of the month following the reporting date. Its integration will be carried out in triplicate. The original and duplicate will be sent to the Management of Financial Entity Control, while the triplicate will be archived in the entity's headquarters. Formula 4089 is subject to the regime on the presentation of information (Circular RUNOR-1, Chapter II, point 1.). Amounts will be recorded in US dollars, without cents, except those corresponding to rows 5 of Table B and 2 of Table C, which will be expressed in australes with cents, and those of Table D, which will be reported in thousands of australes. For the purposes of rounding magnitudes, values will be incremented by one unit when the first digit of the fractions is equal to or greater than 5, discarding those that result as lower.
2. Table A
   Column 1.
   The amount of deposits received on the third business day prior in offices located in the city of Buenos Aires, and the districts of Almirante Brown, Avellaneda, Berazategui, Esteban Echeverría, Florencio Varela, General San Martín, General Sarmiento, La Matanza, Lanús, Lomas de Zamora, Merlo, Moreno, Morón, Quilmes, San Fernando, San Isidro, Tigre, Tres de Febrero and Vicente López of the Province of Buenos Aires, or those that may be created in the future through splitting or segregation of said districts, will be declared in each row. Column 2. The same information as required in Column 1 will be included, regarding offices located in the rest of the country. Columns 3 and 4. It corresponds to report, depending on the location of the intervening offices, the cancellations carried out on the reporting day. Columns 5 and 6 These will be integrated with the deposit balances registered at the close of each day, classified in Zone I or II, depending on the location of the entity's offices. Non-business days for the entity will repeat the data of the immediate preceding business day.

Column 7
The amounts of interest paid on behalf of the Central Bank of the Argentine Republic corresponding to the amounts cancelled included in columns 3 and 4 of each row will be reported. Columns 8, 9 and 10 These will be used to declare the movements registered and the balance each day, respectively, of the “Communication “A” 725” account (point 2.4., of Annex I to Communication “A” 725). In column 10, it is appropriate to record, on non-business days, the balances noted on the immediate preceding business day.
3. Table B
Row 1
The amount resulting from applying the percentages established by the Central Bank for each of zones I and II, respectively, will be included.
Row 4.
The amount resulting from applying the charge rate of the reporting month, equivalent to twice the “LIBO” rate for 90-day operations valid at the close of the respective period, will be declared. Row 5. The exchange rate to be used will be the selling rate to clients for transfers abroad of financial services, from the Banco de la Nación Argentina, corresponding to the last business day of the reporting month. For the resulting value of the conversion carried out in this row, entities will attach a debit note (Formula 3030) indicating in the concept of the operation “Communication “A” 725 - Charge for non-compliance in fund transfers”.
4. Table C
Row 1.
The amount resulting from applying the rate valid for the reporting month will be declared.
Row 2.
The exchange rate to be used will be the selling rate to clients for transfers abroad of financial services, from the Banco de la Nación Argentina, corresponding to the last business day of the reporting month. For the resulting value of the conversion carried out in this row, entities will attach a credit note (Formula 3030) indicating in the concept of the operation “Communication “A” 725 - remuneration for fund capture”.

B.C.R.A. INSTRUCTIONS FOR THE INTEGRATION OF FORMULA 4089 Annex II to Com. “A” 847
5. Table D
For the purposes of integrating the required information, amounts in US dollars will be converted to australes according to the selling rate to clients for transfers abroad of financial services, from the Banco de la Nación Argentina, corresponding to the last business day of the reporting month.
6. Observations
In this table, entities will provide any clarifications they deem pertinent and all additional information required by the Central Bank.