Circular CONAU 1 - 1048: Monthly Accounting Information Regime. Minimum Cash and Application of Resources (R.I. - E.M. - A.R.). Amendments

"2014 - YEAR OF TRIBUTE TO ADMIRAL GUILLERMO BROWN, ON THE BICENTENARY OF THE NAVAL BATTLE OF MONTEVIDEO" COMMUNICATION "A" 5546 02/14/2014 TO FINANCIAL INSTITUTIONS:
Ref.: Circular
CONAU 1 - 1048
Monthly Accounting Information Regime.
Minimum Cash and Application of Resources
(R.I. - E.M. - A.R.). Amendments
.

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We address you in order to send you the amendments introduced in the Information Regime of the reference, as a consequence of the issuance of Communications "A" 5524 and 5534. In this regard, in Section 1. of Minimum Cash, the following additions of items have been introduced with the validity indicated in each case:
§ Code 703000/001: Reduction of the minimum cash requirement in pesos based on financing granted to MiPyMES from 1.1.14 (valid from 1.3.14); § Code 70400X/010: Average net exposure of BCRA internal bills in US dollars according to their subscription term (valid from 27.1.14); § Code 811000/001: Average balance of financing granted to MiPyMES from 1.1.14 under the conditions of point 1.5.3. of Section 1. of the rules on "Minimum cash" (valid from 1.3.14); and § Code 81200X/010: Average balance of dollar deposits captured from 27.1.14 corresponding to residents of the non-financial private sector according to their capture term (valid from 27.1.14). Likewise, and in view of the provisions of Communication "A" 5401, it is considered appropriate to proceed to eliminate the following items:
§ Code 101600/001: Deposits and other demand obligations in pesos with a rate higher than BADLAR; and § Code 101850/M: Debt securities issued before 01.01.02; consequently, if there are balances for these concepts, they must be consolidated with those currently recorded in code 10180X/M: Debt Securities.

-2-
Furthermore, with validity from 28.1.14, code 285/010 is incorporated in Section 3 - Application of lending capacity in foreign currency, in order to report the balances applied as internal bills of the Central Bank of the Argentine Republic in US dollars. Finally, 02/28/14 is established as the due date for the submission of the information of this regime corresponding to January 2014. In this sense, the sheets that must be replaced in the respective ordered text are attached. We greet you attentively. CENTRAL BANK OF THE ARGENTINE REPUBLIC Ricardo O. Maero Estela M. del Pino Suárez Principal Manager of Information Regime General Deputy Manager of Information Regime and Central of Balances
ANNEX

The term tranches reported in the position of the previous month (n-1) will be added and the percentages of each tranche over the total will be determined. The term tranches reported in the position of the month under report (n) will be added and the percentages determined in the previous month (n-1) will be applied. This procedure will be applied considering jointly fixed-term deposits (codes 10140X/M and 10175X/001) and reprogrammed deposits "CEDROS" (codes 10171X/001). For peso deposits (M=001) subject to differential rates according to Category I or Categories II to VI, a joint structure will be determined in month n-1 that will be applied to both groups of categories in month n. If concepts have been reported under code 70400X/010, the average of fixed terms in US dollars corresponding to period (n) must be reduced by the amount resulting from the calculation provided in point 1.2.4. for item 70400X/010 prior to applying the residual term structure of period (n-1). Code 10141X/M In the case of automatic extension of term, the extended term (180 days or more, as agreed) will be considered constantly. If the client opts for revocation of the extension, the remaining term until maturity will be computed. Code 101490/001 Investments at term instrumented in non-transferable registered certificates, in pesos, corresponding to public sector holders that have the right to exercise the early cancellation option within a period of less than 30 days from their constitution will be included. Code 101450/M Term obligations for foreign financial lines, not instrumented through term deposits or debt securities (points 1.3.7. and 1.3.9. of the rules on "Minimum Cash"), including obligations with correspondents, except lines destined for the financing of foreign trade operations, will be recorded. Code 10171X/001 The amount of reprogrammed deposits "CEDROS" and the corresponding accrued CER will be included. The residual terms of each amortization service will be determined independently. Code 10180X/M Debt Securities will be included, comprising negotiable obligations and restructured obligations. The residual terms of payment obligations in capital installments will be computed independently for each amortization service with maturity within the year, counted from each of the days of the position to which the minimum cash corresponds. Code 102060/M Demand obligations originated in foreign financial lines will be included, except obligations for lines destined for the financing of foreign trade operations. MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 12a. COMMUNICATION "A" 5546
Validity:
02/15/2014

Code 102100/M
Unused balances of overdrafts in current accounts corresponding to formalized agreements that do not contain clauses that enable the entity to discretionally and unilaterally dispose of the annulment of the possibility of use of said margins will be recorded. Code 102150/M Commercial banks will report the total demand deposits of non-bank financial entities. Code 102170/M Demand deposits - whatever the modality - that constitute the assets of investment funds, in accordance with the provisions of the National Securities Commission, will be included. Code 102180/M Term deposits - whatever the modality - that constitute the assets of investment funds, in accordance with the provisions of the National Securities Commission, will be included. Code 102090/010 Demand obligations for transfers from abroad pending settlement that exceed 72 business hours from the date of their accreditation will be included. Codes 101500/M, 102160/M and 300700/TP Obligations for which specific increases in requirement due to liability concentration have been arranged will be reported. For their computation, the following methodology must be applied:
a) In the codes provided for deposits (demand and term) and other obligations, the monthly average of daily balances will be recorded including deposits that verify excessive concentration of liabilities (in holders and/or terms), on which the normal minimum cash rate for the period considered will be calculated. b) In codes 101500/M, 102160/M and 300700/TP, the monthly average of daily balances of deposits and other obligations that verify any of the factors described in point 1.7. of Section 1. of the rules on "Minimum cash" will be recorded. The requirement to be applied will be that resulting from the difference between the one determined for these obligations and the normal calculated according to point a). The entity will report those items with the incremental requirement already calculated, with which it will be considered in that way for the calculation of the total requirement of the period. Code 102400/M The amount of the defect in the application of lending capacity corresponding to foreign currency deposits, determined in code 400/M, will be reported.
1.2.4. Reduction of the average requirement (in pesos and dollars)
Code 701000/001
The amount to be deducted from the total average requirement determined for each period, calculated based on the application of the corresponding percentage according to the table included in point 1.5.1. of Section 1. of the rules on "Minimum cash", will be recorded. For this, the following methodology will be used:
MONTHLY ACCOUNTING INFORMATION REGIME
B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 13a. COMMUNICATION "A" 5546
Validity:
02/15/2014

{[805000/001 (n-1) + 806000/001 (n-1)] / 807000/001 (n-1)} = % participation of financing according to table of point 1.5.1. of Section 1. of the rules on "Minimum cash". Items subject to requirement in pesos (code 100000/001) * % deduction according to table of point 1.5.1. of Section 1. of the rules on "Minimum cash". For the purposes of computing financing to MiPyMES to determine the participation percentage, it will be taken into account whether they meet that condition at the time of granting the assistance, considering all outstanding financing. If the borrower ceases to meet the MiPyME condition, the financing granted up to that moment will be computed. Code 702000/001 The amount to be deducted from the total average requirement determined for each period, calculated based on the following expression, will be recorded:
(Code 808001/001 * Ps1) +(Code 808002/001 * Pn1) + (Code 809001/001 * Ps2)

• (Code 809002/001 * Pn2) + (Code 810001/001 * Ps3) + (Code 810002/001

• Pn3)
  Where:
  Ps: Weighting applicable to the total monthly average of ATM withdrawals at operating premises, according to the categories in which said ATMs are located. Pn: Weighting applicable to the total monthly average of ATM withdrawals outside operating premises, according to the categories in which said ATMs are located. (Point 1.5.2. of Section 1. of the rules on "Minimum Cash"). Code 703000/001 The amount to be deducted from the average requirement determined for each period resulting from the following expression will be recorded:
  Code 811000/001 * 0.16
  Code 70400X/010
  The average balance of the net position in internal bills of the Central Bank of the Argentine Republic, according to their subscription term (1, 3, 6 and 12 months), will be recorded. To calculate the pertinent reduction of requirement, this position will be deducted from the amount of fixed-term deposits in dollars reported in period (n), prior to the application of the residual term structure of period (n-1). For these purposes, it will be verified that the amount recorded in code 700000/010 (∑ 70400X/010) does not exceed the sum of the amounts recorded under code 81200X/010 -average balances of dollar deposits of residents of the non-financial private sector captured from 27.1.14-; the lesser of both amounts will be computed as the amount to be deducted from fixed-term deposits in dollars, as indicated in the previous paragraph. Version: 10a. COMMUNICATION "A" 5546 Validity:
  02/15/2014
  MONTHLY ACCOUNTING INFORMATION REGIME
  B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
  Section 1. Minimum Cash

Likewise, it will be verified that the sum of the amounts recorded under code 81200X/010 does not exceed the sum of fixed-term deposits in dollars reported for period (n) recorded in code 10140X/010. Then:

• Amount to be deducted from the minimum cash requirement in dollars = Minimum (700000/010 ; ∑ 81200X/010)
• Code 700000/010 ≤ ∑ Code 81200X/010 ≤ ∑ 10140X/010
  Code 700000/M where M = 001 or 010
  700000/001 = 701000/001 + 702000/001 + 703000/001 700000/010 = ∑ 70400X/010 The total amount will be reported, even if it exceeds the limit of the minimum cash requirement of the period or the limit of the average balance of deposits captured from 27.1.14; said limits will be applied in this Institution.
  1.3. Integration of the period
  Code 205030/M
  Credit balances recorded in current accounts opened at the Central Bank, in pesos, will be included.
  Code 205035/M
  Credit balances of demand accounts of financial entities opened at the Central Bank in US dollars or in other foreign currencies will be included. Code 205040/M Credit balances of special guarantee accounts in favor of electronic clearing houses, according to point 2.1.4. of Section 2. of the rules on "Minimum cash", and of other special accounts opened at the Central Bank (operations related to credit cards, ATMs, etc.) will be recorded. Code 205050/M Credit balances of current accounts of non-bank financial entities opened at commercial banks for the integration of the minimum cash requirement will be included. Code 205055/M Credit balances recorded in special current accounts opened at the Central Bank, related to the attention of pension benefits under the National Social Security Administration, will be reported. Code 500000/TP Balances of subaccount 60 minimum cash, enabled in the "Central of Registration and Settlement of Public Liabilities and Financial Trusts -CRYL-" of public securities and monetary regulation instruments of the BCRA valued at their market value will be included.
  1.4. Transferable requirement
  Version: 7a. COMMUNICATION "A" 5546
  Validity:
  02/15/2014
  MONTHLY ACCOUNTING INFORMATION REGIME
  B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
  Section 1. Minimum Cash

Code 750000/M-TP
The amounts of non-integrated requirements (ENI) for each of the currencies and/or debt instruments with respect to which the entity exercises the transfer option will be reported. For its calculation, the numerals of the period under report will be computed, divided by the number of days of the period to which the transfer is made. To determine the transfer of the requirement, the following methodology will be used: 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 current rules corresponding to month "n" [ENI (n-1)]: Non-integrated requirement of month "n-1", reported in code 750000/M –TP If: I (n) < or = than [EEMA (n) * 0.8] => Maximum transferable defect = EEMA (n) * 0.20 () If: I (n) > [EEMA (n) * 0.8] => Maximum transferable defect = EEMA (n) - I(n) () where:
I (n): Integration of the month under report.
The calculation of the transferable amount will be made for each of the currencies and/or debt instruments on which the entity exercises the option and the exemptions reported in codes 651000/M-TP, 661000/M-TP and 671000/M-TP will be computed. In the case of the transferable requirement in pesos (Code 750000/001), to determine the adjusted requirement in said currency (EEMA n), the amount of Code 700000/001 (Reduction of requirement) will also be subtracted. The entity may choose not to make any transfer or to make it partially and, consequently, pay the charge for the total amount of the defect determined in the month under report or for a part of it, for which it must report the amount it decides to transfer in code 750000/M-TP. The total defect on which the calculation of the charge corresponds will be the positive result of the following expression:
EEMA (n) - Code 750000/M-TP recalculated () – I (n) () To verify both the maximum transferable amount and any defects that may arise, the amount reported in month (n) in code 750000/M-TP will be recalculated by multiplying it by the number of days of period (n+1) and dividing it by the days of period (n) Once the first transfer is made, it must be verified that, in some period up to the 6th month inclusive, the following is met:
EEMA (n) – I (n) = 0 or (-)
If in the 6th month the result is (+) the charge will be debited - applying the current rate - on said result.
Version: 9a. COMMUNICATION "A" 5546
Validity:
02/15/2014
MONTHLY ACCOUNTING INFORMATION REGIME
B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash

The month following the one in which the entity makes the total integration, that is: EEMA (n) – I (n) = 0 or (-) or opts to enter the charge on the total amount of the defect determined in the month, it may transfer again up to 20% of the EEMA (n) for up to another 6 months. For the purposes of computing the maximum transfer period, positions that cover more than one monthly period will be considered as one month.
1.5. Minimum daily requirement and integration
Code 451000/M
For its determination, the corresponding percentage on the requirement of the previous month (without the effect of transfers), recalculated in cases where changes in rates and concepts in force are arranged, must be considered. To determine the minimum daily requirement in pesos, the amount of code 700000/001 (Reduction of requirement) will also be deducted from the average requirement of the previous month. It is clarified that said recalculation must also be made with respect to the defects in the application of lending capacity in foreign currency recorded in the month prior to the one under report. To determine the aforementioned requirement, the following methodology will be followed:
a) [EEMA (n-1) - I(n-1)] < [EEMA (n-1) * 0.20] then:
I(n) = ED1 * EM (n-1) b) [EEMA (n-1) - I(n-1)] > [EEMA (n-1) * 0.20] then:
I(n) = ED2 * EM (n-1)
ED1 and ED2: daily requirement percentages in force for the reported period.
When modifications in requirement rates are arranged for a certain period (n), for the calculation of the minimum daily requirement the following will be taken into account:
[Items subject of period (n-1) * requirement of period (n) ] * ED1 or ED2, as applicable.
To determine the minimum daily requirement in pesos, the following will be observed:
{ [ Items subject of period (n-1) * requirement of period (n) ] - Code 700000/001} * ED1 or ED2.
Code 451200/M
For its determination, the corresponding percentage on the requirement of deposits and term obligations of the previous month (according to detail of items of code 903200/M) - without the effect of transfers and the defect in application of resources -, recalculated in cases where changes in rates and concepts in force are arranged, must be considered. Version: 6a. COMMUNICATION "A" 5546 Validity:
02/15/2014
MONTHLY ACCOUNTING INFORMATION REGIME
B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash

Code 4520xx/M
The daily detail - by real amounts - of the integration corresponding to the minimum requirement determined for the period under report will be included.
1.6. Exemptions
The amounts that arise as a consequence of the application of exemptions granted by the Central Bank will be included, also recording the number and date of the Resolution through which it was granted or the number of note and date through which such decision was communicated. A detailed description of the calculation of the exemption for the reported period will also be added, based on the provisions of the Resolution or note referred to in the previous paragraph. To include the detail of the exemption(s) granted by the B.C.R.A., the text file established through the corresponding record design must be used.
1.7. Charges
1.7.1. Determination
To calculate the charges corresponding to monthly positions, the following methodology is used:
[EEMA(n) - Code 750000/M-TP(n) recalculated according to point 1.5. - I (n) – 671000/M-TP (n) = Net defect per currency or debt instrument (expressed in numerals) For M = 001, the amount of Code 700000/001 will also be deducted Defect * (T.N.A. / 36500) * 1000 = Charge per currency or debt instrument Charge/M –TP – Code 681000/M - TP = Charge to be debited Charges for defect in minimum daily integration (per currency) will be calculated as follows:
[Sum of daily defects (per currency) * (TNA / 36500)] * 1000 After deducting the exemptions included in code 682000/M.
In case of coexisting integration defects, the amount to be debited will be the greater of:
Charge for minimum daily integration defects and the charge for the average position.
The comparison will be made taking into account the currency in which the position that gave rise to the determination of charges is expressed. Version: 14a. COMMUNICATION "A" 5546 Validity:
02/15/2014
MONTHLY ACCOUNTING INFORMATION REGIME
B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash

The conversion to pesos of the determined charges will be made using the reference exchange rate of the US dollar disseminated by the B.C.R.A. corresponding to the business day prior to the date of presentation of the debit note or, as the case may be, of the due date set for it. For the amount of the charge, a debit note (Form 3030) will be attached indicating as the concept of the operation "Charge for defect in integration of Minimum Cash" in (mention the currency or debt instrument in question). To determine the interest applicable to charges not entered in a timely manner, the different rates in force during the period of default will be considered.
1.7.2. Situations that give rise to the presentation of compliance programs.
a) [EEMA (n) – IEM(n)] > [EEMA(n) * 0.20]
In two consecutive positions or four alternate positions within one year. b) [EEMA(n) – IEM(n)] (+) Whatever its magnitude and if the entity opted to pay charges. In three consecutive positions or four alternate positions within one year, as long as situation a) is not recorded. To determine the final positions, they must be computed by currency and/or debt instruments and considering the effect of the exemptions reported in codes 651000/M-TP, 661000/M-TP and 671000/M-TP
1.8. Other information
Code 801000/M
The monthly average - by capital - of deposits of the local financial sector, except those of Decree 616/05, item 101480/M, will be included. It is reported solely for the purpose of integrating the calculation of the contribution to the Deposit Guarantee Fund. Code 802000/M The balances of bills and coins maintained in the entity's premises, including cash in ATMs, will be reported. Code 803000/M Bills and coins held in custody at other financial entities will be included. Code 804000/M Cash in transit and in cash transport companies will be included. MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 11a. COMMUNICATION "A" 5546
Validity:
02/15/2014

The amounts for codes 802000/M to 804000/M shall be reported as the monthly average of daily balances, to be used solely for statistical purposes.

Code 805000/001

It shall include the balance at the end of the period prior to the reporting period of peso financing (Loans and Financial Lease Credits) granted to Micro, Small and Medium Enterprises (MiPyMES) when they are natural persons, taking into account the definition contained in the rules on "Determination of the status of Micro, Small and Medium Enterprise".

Code 806000/001

It shall include the balance at the end of the period prior to the reporting period of peso financing (Loans and Financial Lease Credits) granted to Micro, Small and Medium Enterprises (MiPyMES) when they are legal persons, taking into account the definition contained in the rules on "Determination of the status of Micro, Small and Medium Enterprise".

Code 807000/001

It shall record the balance at the end of the month prior to the reporting period of peso financing (Loans and Financial Lease Credits) granted to the Non-Financial Private Sector.

Code 80800X/001

It shall record the monthly average of total daily cash withdrawals, corresponding to the month prior to the reporting period, from ATMs located in jurisdictions belonging to categories I and II, established in point 3.3. of Chapter II of Circular CREFI - 2.

X=1 shall be used to indicate that these are ATMs located at the entity's operating premises, and X=2 for those located outside them.

Code 80900X/001

It shall record the monthly average of total daily cash withdrawals, corresponding to the month prior to the reporting period, from ATMs located in jurisdictions belonging to categories III and IV, established in point 3.3. of Chapter II of Circular CREFI - 2.

X=1 shall be used to indicate that these are ATMs located at the entity's operating premises, and X=2 for those located outside them.

Code 81000X/001

It shall record the monthly average of total daily cash withdrawals, corresponding to the month prior to the reporting period, from ATMs located in jurisdictions belonging to categories V and IV, established in point 3.3. of Chapter II of Circular CREFI - 2.

X=1 shall be used to indicate that these are ATMs located at the entity's operating premises, and X=2 for those located outside them.

MONTHLY ACCOUNTING REPORTING REGIME
B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 15a. COMMUNICATION "A" 5546
Effective:
02/15/2014

Code 811000/001

It shall record the monthly average of daily balances of period (n-1) corresponding to financing granted to MiPyMES -capital- as from 1.1.14 that comply with the conditions established in point 1.5.3. of Section 1. of the rules on "Minimum cash".

Code 81200X/010

It shall record the monthly average of dollar fixed-term deposits captured as from 27.1.14 corresponding to period (n), from residents of the non-financial private sector, opened by capture term in accordance with the terms provided for foreign currency deposits.

1.9. Control Totals

Code 903000/M

The monthly requirement shall be reported -by currency- according to the established rates, without taking into account transferred deficiencies or the amount of code 700000/001.

Code 903200/M

The monthly requirement on deposits and term obligations shall be reported according to the established rates, without taking into account transfers and the deficiency in application of resources.

This total shall be made up of the requirements determined on the following items:
10120X/M 10121X/M 10122X/M 10123X/M 10124X/M 10127X/M 10128X/M 10140X/M 10141X/M 10142X/M 10143X/M 10144X/M 101450/M 101460/M 101490/001 101500/M 10171X/001 10175X/001 10180X/M 102180/M

Code 904000/M

The total monthly integration by currency shall be recorded.

Code 905000/TP

The monthly requirement on fixed-term deposits of public securities or monetary regulation instruments of the B.C.R.A. shall be reported for each type captured according to the established rates, taking into account their currency of denomination and without considering transferred deficiencies.

Code 906000/TP

The total monthly integration for each type of public securities or monetary regulation instruments of the B.C.R.A. shall be recorded.

MONTHLY ACCOUNTING REPORTING REGIME
B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 20a. COMMUNICATION "A" 5546
Effective:
02/15/2014

1.10. INFORMATION MODEL

1.10.1. Requirement

100000/M ITEMS COMPRISED BY CURRENCY Cat. I Cat. II to VI

101078/M Frozen balances of judicial deposits at sight and term

101081/M Frozen balances of deposits subject to the Contribution to the Deposit Guarantee Fund and computable for Application of resources

101082/M Frozen balances of deposits subject to the Contribution to the Deposit Guarantee Fund and not computable for Application of resources

101083/M Frozen balances of deposits not subject to the Contribution to the Deposit Guarantee Fund and computable for Application of resources

101084/M Frozen balances of deposits not subject to the Contribution to the Deposit Guarantee Fund and not computable for Application of resources

10120X/M Fixed-term deposits of private securities

10121X/M Obligations for "acceptances"

10122X/M Passive repos of securities

10123X/M Passive repos of foreign currency

10124X/M Collateral and stock exchange repos of securities

10127X/M Other term deposits

10128X/M Other term obligations

x = 1 to 5 for Pesos and x = 1 to 6 for Foreign Currency according to point 1.2.3.

101290/M Obligations with the Trust Fund for Assistance to Financial and Insurance Entities

10140X/M Fixed-term deposits

10141X/M Constant term investments

10142X/M Investments with early cancellation option

10143X/M Investments with renewal option for a determined term

10144X/M Term investments with variable remuneration

x = 1 to 5 for Pesos and x = 1 to 6 for Foreign Currency according to point 1.2.3.

101490/001 Investments -corresponding to public sector holders- with early cancellation option for the investor

101450/M Term obligations for financial lines and foreign correspondents

101480/M Special deposits linked to the inflow of foreign funds -Decree 616/05-

101460/M Judicial fixed-term deposits

MONTHLY ACCOUNTING REPORTING REGIME
B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 15a. COMMUNICATION "A" 5546
Effective:
02/15/2014

100000/M ITEMS COMPRISED BY CURRENCY Cat. I Cat. II to VI

101500/M Term obligations with increased requirement due to concentration of liabilities

10171X/001 Reprogrammed deposits "CEDROS"

10175X/001 Fixed-term deposits with CER clause

10180X/M Debt Securities

X =1 to 5 for Pesos and
X =1 to 6 for Foreign
Currency according to point
1.2.3

102010/M Deposits in current accounts

102020/M Deposits in special current accounts for legal persons

102030/M Deposits in savings accounts, basic account, CGU and usuras pupilares

102035/M Judicial deposits in sight accounts

102040/M Special accounts for closed circles

102045/M Deposits in Salary and Pension Accounts

102050/M Unemployment fund for workers in the construction industry

102060/M Sight obligations for foreign financial lines

102070/M Other sight deposits

102080/M Other sight obligations

102090/010 Sight obligations for transfers from abroad pending settlement (more than 72 hours)

102100/M Unused balances of formalized current account advances

102150/M Deposits of non-bank financial entities in commercial banks

102160/M Sight obligations with increased requirement due to concentration of liabilities

102170/M Sight deposits linked to mutual investment funds

102180/M Term deposits linked to mutual investment funds

102400/M Deficiency in application of resources in foreign currency

102501/001 First tranche application deficiency Quota 2013 – Credit line for productive investment.

102502/001 Second tranche application deficiency Quota 2013 – Credit line for productive investment.

300000/TP ITEMS COMPRISED OF FIXED-TERM DEPOSITS BY TYPE OF PUBLIC SECURITIES AND MONETARY REGULATION INSTRUMENTS OF THE B.C.R.A.

300050/TP Frozen Balances for Deposits of public securities and monetary regulation instruments of the B.C.R.A. constituted up to 09/30/07

300055/TP Frozen Balances for Deposits of public securities and monetary regulation instruments of the B.C.R.A. constituted as from 10/01/07

30010X/TP Deposits of public securities and monetary regulation instruments of the B.C.R.A. constituted up to 09/30/07

30020X/TP Deposits of public securities and monetary regulation instruments of the B.C.R.A. constituted as from 10/01/07

X =1 to 5 for Pesos and
X =1 to 6 for Foreign
Currency according to point
1.2.3.

300300/TP Judicial deposits of public securities and monetary regulation instruments of the B.C.R.A. constituted up to 09/30/07

MONTHLY ACCOUNTING REPORTING REGIME
B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 10a. COMMUNICATION "A" 5546
Effective:
02/15/2014

300000/TP ITEMS COMPRISED OF FIXED-TERM DEPOSITS BY TYPE OF PUBLIC SECURITIES AND MONETARY REGULATION INSTRUMENTS OF THE B.C.R.A.

300400/TP Judicial deposits of public securities and monetary regulation instruments of the B.C.R.A. constituted as from 10/01/07

300500/TP Deposits of public securities and monetary regulation instruments of the B.C.R.A. constituted by mutual investment funds up to 09/30/07

300600/TP Deposits of public securities and monetary regulation instruments of the B.C.R.A. constituted by mutual investment funds as from 10/01/07

300700/TP Deposits of public securities and monetary regulation instruments of the B.C.R.A. with increased requirement due to concentration of liabilities

1.10.2. Integration

200000/M INTEGRATION BY CURRENCY

205030/M Current accounts at the B.C.R.A. Actual integration

205035/M Sight accounts at the B.C.R.A. Actual integration

205040/M Special accounts at the B.C.R.A. Actual integration

205050/M Current accounts of non-bank financial entities in commercial banks Actual integration

205055/M Special current accounts at the B.C.R.A. for the crediting of pension benefits Actual integration

INTEGRATION BY TYPE OF PUBLIC SECURITIES AND MONETARY REGULATION INSTRUMENTS OF THE B.C.R.A.
Actual integration

500000/TP Subaccount 60 minimum cash in the CRYL of public securities and monetary regulation instruments of the B.C.R.A.
Actual integration

DAILY POSITIONS

451000/M Minimum daily requirement

451200/M Minimum daily requirement on deposits and term obligations

4520xx/M Minimum daily integration xx = days first to last of the month under report

MONTHLY ACCOUNTING REPORTING REGIME
B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 10a. COMMUNICATION "A" 5546
Effective:
02/15/2014

1.10.3. Other Information

MONTHLY ACCOUNTING REPORTING REGIME
B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 13a. COMMUNICATION "A" 5546
Effective:
02/15/2014

600000/M-TP FRANCHISES GRANTED BY THE B.C.R.A.

651000/M-TP Decrease in average minimum cash

6520xx/M Decrease in daily minimum cash

661000/M-TP Increase in concepts computable as integration

6620xx/M Increase in concepts computable as daily integration

671000/M-TP Decrease in the integration deficiency of the period

6720xx/M Decrease in daily integration deficiency

681000/M-TP Decrease in the charge for integration deficiency of the period

682000/M-TP Decrease in the charge for daily integration deficiency

700000/M DECREASE IN REQUIREMENT

701000/001 Decrease based on financing to MiPyMES

702000/001
Decrease based on cash withdrawals through ATMs

703000/001 Decrease based on financing granted to MiPyMES as from 1.1.14 (Effective: as from 3.1.14)

70400X/010 Decrease due to the average net exposure of internal B.C.R.A. bills (Effective: as from 27.1.14)

X = subscription term of bills
1 = 1 month
2 = 3 months
3 = 6 months
4 = 12 months

750000/M-TP TRANSFERABLE REQUIREMENT

OTHER INFORMATION

801000/M Deposits of the local financial sector

802000/M Cash at the entity's premises

803000/M Cash held in custody at other financial entities

804000/M Cash at cash transport companies and in transit

805000/001 Financing to MiPyMES (natural persons)

806000/001 Financing to MiPyMES (legal persons)

807000/001 Financing to the Non-Financial Private Sector

80800X/001 Cash withdrawals from ATMs in Jurisdictions of Cat. I and II

80900X/001 Cash withdrawals from ATMs in Jurisdictions of Cat. III and IV

81000X/001 Cash withdrawals from ATMs in Jurisdictions of Cat. V and VI

X=1 or 2
1= At operating premises
2= Outside operating premises

811000/001 Financing granted to MiPyMES as from 1.1.14 under the conditions of point 1.5.3. of Section 1. of the rules on "Minimum cash" (effective: as from 3.1.14)

81200X/010 Dollar deposits captured as from 27.1.14 from residents of the non-financial private sector (effective: as from 27.1.14)

X =1 to 6 for
Foreign Currency according to point
1.2.3.

900000/M CONTROL TOTALS

903000/M Total minimum cash requirement for the month

903200/M
Total minimum cash requirement for the month on deposits and term obligations

904000/M Total minimum cash integration for the month

905000/TP Total minimum cash requirement for the month

906000/TP Total minimum cash integration for the month

MONTHLY ACCOUNTING REPORTING REGIME
B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 11a. COMMUNICATION "A" 5546
Effective:
02/15/2014

1.11. CORRELATION WITH BALANCE OF BALANCES ACCOUNTS

CODE CONCEPTS COMPRISED ACCOUNTS

100000/M REQUIREMENT BY CURRENCY

101078/M Frozen balances of judicial deposits at sight and term 311142 / 311742 / 312142 / 315142 / 315742 / 316142

101081/M Frozen balances of deposits subject to the Contribution to the Deposit Guarantee Fund and computable for Application of resources 311142 / 311742 / 312142 / 315142 / 315742 / 316142

101082/M
Frozen balances of deposits subject to the Contribution to the Deposit Guarantee Fund and not computable for Application of resources 311142 / 311742 / 312142 / 315142 / 315742 / 316142

101083/M Frozen balances of deposits not subject to the Contribution to the Deposit Guarantee Fund and computable for Application of resources 311142 / 311742 / 312142 / 315142 / 315742 / 316142

101084/M Frozen balances of deposits not subject to the Contribution to the Deposit Guarantee Fund and not computable for Application of resources 311142 / 311742 / 312142 / 315142 / 315742 / 316142

10120X/M Fixed-term deposits of private securities 311161 / 311162 / 311208 / 311761 / 311762 / 311808 / 312161 / 312162 / 312208 / 315161 / 315162 / 315208 / 315761 / 315762 / 315808 / 316161 / 316162 / 316208

10121X/M Obligations for acceptances 321102 / 321104 / 325103 / 326103

10122X/M Passive repos of securities 321105 / 321132 / 321165 / 322101 / 322105 / 325138 / 325163 / 326101 / 326106

MONTHLY ACCOUNTING REPORTING REGIME
B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 13a. COMMUNICATION "A" 5546 Effective: 02/15/2014 Page 18

CODE CONCEPTS COMPRISED ACCOUNTS

10123X/M Passive repos of foreign currency 321174

10124X/M Collateral and stock exchange repos of securities 321105/ 321132 / 321165 / 322101 / 322105 / 325138/ 325163 / 326101 / 326106

10127X/M Other term deposits 311151 / 311154 / 311727 / 311751 / 311754 / 312151/ 312154 / 315151 / 315154 / 315751 / 315754 / 316151 / 316154

10128X/M Other term obligations 321125 / 321143 / 321148 / 321154 / 321161 / 321162 / 321181 / 322107 / 322181 / 325107 / 325146 / 325148 / 325149 / 325162 / 325184 / 326108 / 326162 / 326184

101290/M Obligations with the Trust Fund for Assistance to Financial and Insurance Entities 321181 / 325184

10140X/M Fixed-term deposits 311131 /311140 / 311731/ 311740 / 312131/ 312140/315132 / 315137 / 315732 / 315737 / 316132 / 316137

10141X/M Constant term investments 311135 / 311155 / 311735 / 311743 / 312135 /312143 / 315131 / 315146 / 315731 / 315746 / 316135 / 316143

10142X/M Investments with early cancellation option 311136 / 311736 / 311744 / 312136 / 312146 / 315133 / 315143 / 315733 / 315743 / 316136 / 316144

10143X/M Investments with renewal option for a determined term 311137 / 311147 / 311737 / 311746 / 312147 / 312149 / 315135 / 315144 / 315735 / 315744 / 316138 / 316145

10144X/M Term investments with variable remuneration 311138 / 311158 / 311738 / 311747 / 312138 / 312148 / 315136 / 315145 / 315736 / 315745 / 316139 / 316146

101490/001 Investments -corresponding to public sector holders- with early cancellation option for the investor non-transferable 311156

101480/M Special deposits linked to the inflow of foreign funds-Decree 616/05 315455/ 315777/ 316177

101450/M Term obligations for financial lines and foreign correspondents 322101/ 322105/ 322107/ 322128 / 322131 /326101/ 326106/ 326108/ 326125 / 326126 / 326127 / 326128 / 326131 / 326133 / 326148

101460/M Judicial fixed-term deposits 311153 / 311753 / 315153 / 315753

MONTHLY ACCOUNTING REPORTING REGIME
B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 10a. COMMUNICATION "A" 5546 Effective: 02/15/2014 Page 19

CODE CONCEPTS COMPRISED ACCOUNTS

10171X/001 Reprogrammed deposits "CEDROS" 311150 / 311152 / 311154 / 311176 /311250/ 311252/311750 / 311752 / 311754 / 311776 / 311850 / 311852 / 312150 / 312152 / 312154 / 312176 / 312250 / 312252

10175X/001 Fixed-term deposits with CER clause 311166 / 311167 / 311766 / 311767 / 312166 / 312167

10180X/M Debt Securities 321101 / 321114 / 321117 / 321129 / 322111 / 322114 / 322117 / 322129 / 325111 / 325114 / 325117 / 325129 / 326111 / 326114 / 326117 / 326129 / 361103 / 361106 / 361107 / 361108 / 361117 / 361118 / 361119 / 361129 / 362103 / 362106 / 362107 / 362108 / 362117 / 362118 / 362119 / 362129 / 365103 / 365106 / 365107 / 365108 / 365117 / 365118 / 365119 / 365129 / 366103 / 366106 / 366107 / 366108 / 366117 / 366118 / 366119 / 366129

102010/M Deposits in current accounts 311106 / 311112 / 311191 / 311706 / 311712 / 312106 / 312112 / 315106 / 315112 / 315706 / 315712 / 316106 / 316112

102020/M Deposits in special current accounts for legal persons 311123 / 311124 / 311723 / 311724 / 312123 / 312124 / 315123 / 315124 / 315723 / 315724 / 316123 / 316124

102030/M Deposits in savings accounts, basic account, CGU and usuras pupilares 311718 / 311722 / 312118 / 315718 / 316118

102035/M Judicial deposits in sight accounts 311113 / 311725 / 315113 / 315725

MONTHLY ACCOUNTING REPORTING REGIME
B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 11a. COMMUNICATION "A" 5546 Effective: 02/15/2014 Page 20

CODE CONCEPTS COMPRISED ACCOUNTS

102040/M Special accounts for closed circles 311729

102045/M Deposits in Salary and Pension Accounts 311726

102050/M Unemployment fund for workers in the construction industry 311730

102060/M Sight obligations for foreign financial lines 326133 / 326148

102070/M Other sight deposits 311145 / 311148 / 311151 / 311154 / 311727 / 311745 / 311748 / 311751 / 311754 / 312145 / 312151 / 312154 / 315107/ 315151 / 315154 / 315707/ 315751 / 315754 / 316107/

102080/M Other sight obligations 131192 / 131792 / 132192 / 135192 / 135794 / 136192 / 141192 / 141196 / 142192 / 142196 / 145192 / 145196 / 146192 / 146196

321148 / 321154 / 321155 / 321161 / 321181 / 321182 / 322181 / 325148 / 325149

102090/M Sight obligations for transfers from abroad pending settlement (more than 72 hours) 325149

102100/M Unused balances of formalized current account advances 721003 / 725001

102150/M Deposits of non-bank financial entities in commercial banks 311406 / 311412 / 311423 / 311424 / 315406 / 315412 / 315423 / 315424

102170/M Sight deposits linked to mutual investment funds 311706 / 311712 / 311723 / 311724 /311754/ 311808/ 315706 / 315712 / 315723 / 315724/

102180/M Term deposits linked to mutual investment funds 311731/ 311734/311735/311736/ 311737/ 311738 /311740 / 311741/ 311743/ 311744 / 311746/ 311747 /311754/ 311761 / 311762/ 311766 / 311767 / 311808/ 315731 / 315732 / 315733 /315734 / 315735 / 315736 / 315737 /315741 / 315743 / 315744/ 315745 /

MONTHLY ACCOUNTING REPORTING REGIME
B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 5a. COMMUNICATION "A" 5546 Effective: 02/15/2014 Page 21

300000/M REQUIREMENT BY DEBT INSTRUMENT ACCOUNTS

30010X/TP
Deposits of public securities and monetary regulation instruments of the B.C.R.A. constituted up to 09/30/07 311134 / 311141 / 311734 / 311741 / 312134 / 312141 / 315134 / 315141 /315734 /315741/ 316134 / 316141

30020X/TP
Deposits of public securities and monetary regulation instruments of the B.C.R.A. constituted as from 10/01/07 311134 / 311141 / 311734 / 311741 / 312134 / 312141 / 315134 / 315141 / 315734/ 315741/ 316134 / 316141

300050/TP
Frozen Balances for Deposits of public securities and monetary regulation instruments of the B.C.R.A. constituted up to 09/30/07 311142 / 311742 / 312142 / 315142 / 315742 / 316142

300055/TP
Frozen Balances for Deposits of public securities and monetary regulation instruments of the B.C.R.A. constituted as from 10/01/07 311142 / 311742 / 312142 / 315142 / 315742 / 316142

300400/TP
Judicial deposits of public securities and monetary regulation instruments of the B.C.R.A. constituted as from 10/01/07 311153 / 311753 / 315153 / 315753

300500/TP
Deposits of public securities and monetary regulation instruments of the B.C.R.A. constituted by mutual investment funds up to 09/30/07 311734/ 311741/ 315734 /315741

300600/TP
Deposits of public securities and monetary regulation instruments of the B.C.R.A. constituted by mutual investment funds as from 10/01/07 311734/ 311741/ 315734 /315741

MONTHLY ACCOUNTING REPORTING REGIME
B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 3a. COMMUNICATION "A" 5546 Effective: 02/15/2014 Page 22

CODE. CONCEPTS INCLUDED ACCOUNTS
200000/M INTEGRATION BY CURRENCY
205030/M Current accounts at the B.C.R.A. 111015 205035/M Demand accounts at the B.C.R.A. 115015 205040/M Special accounts at the B.C.R.A. 141153 / 145153 205050/M Current accounts at commercial banks 111017 / 115017 205055/M Special current accounts at the B.C.R.A. for the crediting of pension payments 111025 INTEGRATION BY DEBT INSTRUMENTS 500000/TP Subaccount 60 minimum cash in the CRYL of public securities and monetary regulation instruments of the B.C.R.A. 121001 / 121003 / 121016 / 121035 / 121011 / 121013 / 121014 / 121030 / 121024 / 121025 / 121026 / 121036 / 121037 / 121027 / 121028 / 121029 / 121038 / 121039 / 121032 / 121033 / 121034 / 125001 / 125003 / 125008 / 125016 / 125035 / 125004 / 125005 / 125007 / 126003 / 126009 OTHER INFORMATION 801000/M Deposits of the local financial sector 311400 / 315400 802000/M Cash at the entity's premises 111001 / 115001 803000/M Cash held in custody at other financial institutions 111003 / 115003 / 116003 804000/M Cash at cash transport companies and in transit 111007 / 111009 / 115005 / 115009 MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 2nd. COMMUNICATION "A" 5546 Effective: 15/02/2014 Page 23

1.12 Methodology to determine the remuneration of the balances of accounts opened at the B.C.R.A.
ACCOUNTS IN PESOS
Interest will be recognized on the monthly average of the daily balances included in the following items:
(205030/001 + 205040/001)P where:
P= 903200/001
903000/001 without exceeding the greater of:
1) [903200/001+(750000/001 (n-1) P) - (700000/001 (n)* P) - (651000/001*P) ]-
[205045/001+205050/001+205055/001)*P]
2) [451200/001 - (700000/001(n-1)P) - (6520xx/001P)] -
[(205045/001+205050/001+205055/001)*P]
The deposited amount that is not needed to cover said requirements will constitute the non-remunerable surplus, which will be that exceeding the greater of the requirements determined in points 1 and 2 above. ACCOUNTS IN FOREIGN CURRENCY Interest will be recognized on the monthly average of: (205035/M +205040/M)P P= 903200/M 903000/M-101480M without exceeding the greater of:
1) [903200/M + (750000/M (n-1)P`] - (651000/MP)
2) [451200/M - 6520xx/MP)]
The deposited amount that is not needed to cover said requirements will constitute the non-remunerable surplus, which will be that exceeding the greater of the requirements determined in points 1 and 2 above. MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 2nd. COMMUNICATION "A" 5546
Effective:
15/02/2014

1.13. Quarterly position December of one year to February of the following year.
1.13.1. Computation
The determination of the quarterly Minimum Cash position will be made by this Institution on the basis of the data reported for each of the months and the control totals that will be included together with the February data. For its calculation, the average resulting from dividing the sum of the numerals of the monthly positions by the number of days of the quarter will be considered.
1.13.2. Common instructions for the information corresponding to December, January and February of each year.
1.13.2.1. Requirement and Integration (average)
The items subject to requirement corresponding to each of the months will be reported separately, dividing the daily balances by the number of days included in each of them. The same criterion will be applied to the data of Code 801000/M-Deposits of local financial institutions.
1.13.2.2. Reduction of Requirement
The amount of code 700000/001 corresponding to each of the months of the quarter will be reported, determined in accordance with the methodology established in point 1.2.4. of this regime.
1.13.2.3. Minimum daily requirement
For its determination, the November requirements will be taken into account, recalculated based on the concepts and rates in force in the quarter.
1.13.2.4. Control Totals
Code Concept Computation
903100/001 Quarterly Minimum Cash Requirement
904100/001 Quarterly Minimum Cash Integration
700100/001 Quarterly Requirement Reduction
1.13.2.5. Requirement transfer
It will not be necessary to report item 750000/M in December and January.
For the calculation of the transfer to the December-February quarter, the November numerals divided by the number of days of the quarter will be computed. For the calculation of the transfer to March, the numerals of the December-February position divided by the number of days of the March period (31 days) will be computed. MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 1st. COMMUNICATION "A" 5546
Effective:
15/02/2014

1.13.2.6. Charges
If integration shortfalls are recorded on an average or daily basis in the quarter, the rate of the last business day of February will be used for the settlement of the charge. If exemptions exist due to reduction of charges (codes 681000/001 and 682000/001), they will be reported only with the February data. MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 1. Minimum Cash
Version: 1st. COMMUNICATION "A" 5546
Effective:
15/02/2014

Code 285/010
Internal letters of the Central Bank of the Argentine Republic in US dollars will be included.
For the amounts recorded in codes 280/M and 281/M, the following will be observed:
[Code 280/M + Code 281/M] < or = than [(Code 100/M - Code 300/M) * 0.10] Furthermore, the following expression will be verified, which limits the application of the lending capacity of foreign currency deposits to import destinations in accordance with the provisions of point 2.1.- Destinations of Section 2. of the rules on "Credit policy":
L [codes 241/M(n) + 250/M(n) + 261/M(n) + 263/M(n) + 271/M(n) + 281/M(n)] < or = than:
F
C *Max base
;0,05 t
LCbase J
Where:
Ct = 100/M (n) – 300/M(n)
Fbase = L (codes 241/M(August-October/08) + 250/M(August-October/08) + 261/M(August-October/08) + 263/M(August-October/08) + 271/M(August-October/08) + 281/M (August-October/08)) Cbase = 100/M(August-October/08) – 300/M(August-October/08). Together with the November/08 position, the monthly average of daily balances of each of the items detailed in Fbase corresponding to the periods August, September and October/08 must be reported –for the only time–. At this Institution, Cbase will be determined on the data reported by each entity. Said calculation will be made by computing the numerals of the subject items reported for each of the months divided by the days of the quarter (92 days). Code 300/M The minimum cash requirement corresponding to the month under report will be indicated, calculated on the computable resources for the present regime. Code 400/M Code 400/M = Code 401/M-Code 410/M This amount will be recorded in code 102400/M of the Minimum Cash Information Regime. Code 401/M The total shortfall resulting from applying the following expression will be recorded: Code 401/M = [(Code 100/M – Code 300/M) – Code 200/M] MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 3. Application of the lending capacity in foreign currency
Version: 9th. COMMUNICATION "A" 5546
Effective:
15/02/2014

Code 410/M
The sum of the average balances of the period of cash at the entities, in custody at other financial institutions, in transit and at cash transport companies will be recorded, with the amount reported in code 401/M as the limit. Version: 2nd. COMMUNICATION "A" 5546 Effective:
15/02/2014
MONTHLY ACCOUNTING INFORMATION REGIME
B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 3. Application of the lending capacity in foreign currency

3.3. Information Model.
CODE ITEMS INCLUDED AMOUNT
100/M RESOURCES
101/M Demand deposits
102/M Time deposits
104/M Interfinancial obligations
106/M Interest on computable resources
200/M APPLICATIONS
210/M Pre-financing of exports.
211/M Financing of exports.
212/M Financing to service providers to be exported directly.
220/M Financing to producers, processors or collectors of goods.
221M Financing to service providers used in the process of exporting goods.
230/M Financing to producers of goods to be exported.
240/M Financing of investment projects, working capital and/or acquisition of goods linked to the production of merchandise for export. 241/M Financing of temporary imports of inputs, that increase or are linked to the production of merchandise for export. 242/M Financing granted through the entity's participation in "syndicated loans" whether with local or foreign entities. 250/M Financing to clients of the commercial portfolio and of a commercial nature -which receive the treatment of consumer or housing loans- for the import of capital goods 260/M Debt securities or participation certificates in financial trusts whose trust assets are loans originated by financial institutions with the destinations recorded in Codes 210 to 240. 261/M Debt securities or participation certificates in financial trusts whose trust assets are loans originated by financial institutions with the destination recorded in Code 241. MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 3. Application of the lending capacity in foreign currency
Version: 4th. COMMUNICATION "A" 5546
Effective:
15/02/2014

CODE ITEMS INCLUDED AMOUNT
262/M Collection rights specifically recognized in the trust contracts constituted or to be constituted within the framework of the loans granted by multilateral credit organizations of which the Argentine Republic is a party, whose trust assets are loans originated by financial institutions under the conditions referred to in Codes 210 to 240. 263/M Collection rights specifically recognized in the trust contracts constituted or to be constituted within the framework of the loans granted by multilateral credit organizations of which the Argentine Republic is a party, whose trust assets are loans originated by financial institutions under the conditions referred to in Code 241. 270/M Debt securities or participation certificates in financial trusts guaranteed by SGR or national and provincial funds to finance operations contemplated in Codes 210 to 240. 271/M Debt securities or participation certificates in financial trusts guaranteed by SGR or national and provincial funds to finance operations contemplated in Code 241. 280/M IDB Loan No. 1192/OC-AR" linked to exports with destinations other than those recorded in Codes 210 to 240. 281/M IDB Loan No. 1192/OC-AR" linked to imports not contemplated in Code 241. 285/010 Internal letters of the B.C.R.A. in US dollars 290/M Interfinancial Loans 300/M MINIMUM CASH REQUIREMENT 400/M APPLICATION SHORTFALL 401/M Shortfall in the application of the lending capacity in foreign currency 410/M Cash at the entities, in custody at other financial institutions, in transit and at cash transport companies. MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 5. MINIMUM CASH AND APPLICATION OF RESOURCES (R.I.-E.M.-A.R.)
Section 3. Application of the lending capacity in foreign currency
Version: 1st. COMMUNICATION "A" 5546
Effective:
15/02/2014