Circular Communication A 47 - Exchange Operations and Foreign Obligations Reporting Regime REFEX 1-2

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
COMMUNICATION "A" 47 21/07/81
TO FINANCIAL ENTITIES, HOUSES, AGENCIES AND OFFICES AUTHORIZED TO OPERATE IN EXCHANGES:
Ref.: Circular REPORTING REGIME FOR EXCHANGE OPERATIONS AND OBLIGATIONS WITH THE EXTERIOR - REFEX - 1 - 2

We address you to bring to your knowledge the reporting regime to which the reporting of exchange operations carried out through the commercial and financial exchange markets must adhere - from 27.7.81 onwards.

1. Commercial Market

• Operations with clients: Must be reported individually in forms 4001 A or B; 4002 A or B and 4004 B, with the global forms 4031 A and B, and 4032 A and B being repealed.
• Operations with the Central Bank: Are reported in form 116 A or B.
• Summary of operations: The movement in freely convertible currencies is reported in form 4009 A.
  The delivery of all forms corresponding to this market (116 A or B, 4009 A and individual sworn statements) must be carried out, without exception, on the same day of their negotiation until 17:00, at the General Secretariat Department.

2. Financial Market
   The current reporting regime is maintained. The delivery of all forms corresponding to this market must be carried out at this Bank in the same sector, the day following their negotiation, until 12:00.

3. Other Provisions
   Financial entities and exchange houses are reminded to observe the provisions contained in Communication "A" 21 of 22.4.81 - REFEX 1, Ch. 1, point 6, section 6.1 - regarding the operations of their agencies and branches, with no type of adjustment being admitted in the Exchange Position (Form. 111 or 4033) due to non-compliance.

We salute you very attentively.
BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Antonio E. Conde
Manager of
Foreign Exchange and Changes
Evaristo H. Evangelista
Deputy General Manager