Circular Clearing Houses CAMCO 1 - 33

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
COMMUNICATION "A" 1579 05/12/89
TO FINANCIAL ENTITIES:
Ref.: Circular Clearing Houses CAMCO - 1 -
33
We address you to communicate the new operational regime to which you must adhere in tenders for "Purchase of Consolidation Bond Coupons". The submission of offers will be carried out using Formulas 1927 and 1865, presented before the Clearing House. Attached are the sheets that correspond to incorporate into the ordered text made known by Circular CAMCO - 1. We salute you very attentively. BANCO CENTRAL DE LA REPÚBLICA ARGENTINA Juan C. Domínguez Roberto C. Riccardi Treasury Sub-manager Main Manager ANNEXES: 2 sheets.

B.C.R.A.
VI - Additional services provided to state bodies and companies through the Clearing House of the Fed. Cap. CAMCO - 1
15. Tender for Purchase of Consolidation Bond Coupons
15.1. Submission of offers to the Clearing House

• Member entities by themselves
• Non-banking financial entities by themselves
  15.2. Schedule
  Entities present documentation to the Clearing House on business days when tenders take place, between 11:30 and 14:00 at Corrientes 316 - Between floor.
  15.3. Material to prepare
• Formula No. 1927 - Submitted Tender
  Presenting entities must magnetize areas 1, 2 and 3 as follows:
  AREA 1:
  64 with own funds
  Digits 1/2 - Document code
  63 with third-party funds
  Digits 3/12- Quantity of coupons offered, referred to sheets of V/N A 10,000 AREA 2:
  Digit 1 - Zero
  Digits 2/7 - Price offered for each coupon of a sheet of V/N A 10,000, four whole two decimals Digits 8/9 - Zeros Digit 10 - Series Number of the Consolidation Bond offered AREA 3 Digits 1/5 - Presenting entity code Digits 6/8 - Expansion code 555 if any Digits 9/12- expansion of Area 1
• Formula No. 1865 - Total voucher.
  version Communication Date Page
  1st “A” 1579 - CAMCO - 1 - 33 5.12.89 1

B.C.R.A.
VI - Additional services provided to state bodies and companies through the Clearing House of the Fed. Cap.

1. Invoices corresponding to services performed by the National Sanitation Works Company.
2. Settlements linked to the collection of the Value Added Tax (Law 20.631) and others whose payment is made with standardized receipts.
3. Collection of contributions from autonomous workers destined for the National Directorate of Pension Revenue.
4. Attention to the service of retirees and pensioners of the National Pension Funds through pension payment orders.
5. Tax collection (Form 8012, body 2 - summary receipts).
6. Collection destined for the National Directorate of Pension Revenue.
7. Collection of Mandatory Savings (Law 23.256).
8. Collection of contributions for the telephone service "MEGATEL".
9. Payment of rent and/or amortization of Adjustable Bonds of the National Government 1987, Adjustable Bonds of Assured Real Income 1987 and Adjustable Titles of the National Government - Exchange rate 1987.
10. Collection destined for the National Telecommunications Company: Telephone service invoice and MEGATEL IV telephone service contributions.
11. Fund Transfer.
12. Participations in Public Securities in the portfolio of the B.C.R.A.
13. Tender for Central Bank Letters in United States Dollars.
14. Tender for Adjustable BONEX Central Bank Letters
15. Tender for Purchase of Consolidation Bond Coupons.
    Version Communication Date Page
    5th “A” 1579 - CAMCO - 1 - 33 5.12.89 1

VI - Additional services provided to state bodies and companies through the Clearing House of the Fed. Cap. AREA 1:
Digits 1/2 - Fixed document code 98
Digits 3/12- Total quantity of coupons offered AREA 3:
Digits 1/5 - Presenting entity code
Digits 6/8 - Zeros
Digits 9/12- expansion of Area 1
AREA 4:
Digits 1/8 - Quantity of proposals presented
Each of the submitted formulas 1927 and 1865 must be duly certified by the entity, signed on the back by authorized signature. Detailing in formula 1927: quantity of coupons and the price offered for each of them and, in formula 1865: total quantity of coupons offered by the entity.
15.4. Method of presentation
Documentation must be presented in a correctly closed envelope, which will be deposited in the urn that for such purposes is located in the offer reception area. Version Communication Date Page 5th “A” 1579 - CAMCO - 1 - 33 5.12.89 2