Circular External Operations of the Public Sector SEPEX 1-1

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
COMMUNICATION "A" 320 26/05/83
TO AUTHORIZED ENTITIES FOR OPERATING IN EXCHANGE AND FOREIGN EXCHANGE BROKERS:
Ref.: Circular External Operations of the Public Sector SEPEX - 1 - 1

We address you with reference to the requests presented related to payments abroad for operations of entities in the public sector and the private sector with guarantee from the national, provincial, and municipal governments.

The aforementioned requests must be submitted to this Bank on Form 4008-H, the model of which appears in Annex I, for payments to be processed from June 1, 1983, inclusive. The aforementioned form will be used exclusively for the following concepts:

1. Payments for due commercial and financial debts.
2. Advance payments and against shipping documents for imports.
3. Immediate payments for technical assistance, insurance, subscriptions, and other real services.

This form must be correct and fully integrated and coded in accordance with the integration instructions attached in Annex II. Defects in integration and coding will result in non-registration by the computerized system and its subsequent return.

Forms 4008-H corresponding to payments of obligations with a certain maturity date must be submitted with an advance of no less than ten business days from the same.

From the date established in this Communication, in no case will requests to process payments on other forms that remain in force be accepted.

The use of the forms will be adjusted to what is established in Chapter II, point 2. of Circular SEPEX - 1, whose modified sheet is attached for the purpose of being incorporated into the ordered text; for the same purpose, Annexes III and IV to the aforementioned Circular, tables of payment concept codes and formula codes, respectively, are attached to this communication.

We greet you very attentively.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Antonio G. Zoccali Evaristo H. Evangelista
Manager of General Submanager
International Relations

ANNEXES: 6 sheets

ANNEX I
BANCO CENTRAL DE LA REPUBLICA ARGENTINA
Dept. Of Official Departments 8 REQUEST FOR EXTERNAL PAYMENTS H (1) Sheet No Authorized Entity: CODE:
Public 1
Private Guaranteed
2
Entity: Code (1) _
Address: T.E.
Number assigned in the foreign exchange budget

Operation Concept:
Payment Instrumentation - Maturity
Origin Formula (2) Maturity
Code Denomination Number
Payment Instrumentation
(only for commercial operations) (3) At sight 1 (4) 1 2 With Date Cash (and up to 2 180 days) – 100% FOB Financed (greater 180 days) Yes 4 Term Currency Advance Payment 1 Advance No Payment Method (4) Years Days Code Denomination Payment against Yes 5 1 Foreign Exchange Market Shipping Document 2 Against doc. Of Shipping No 2 Own Funds Payment up to 180 Yes 6 days 3 Payment installment No 3 others Payment Concept Amounts to Transfer Code (5) Denomination Whole Decimal 0 TOTAL / TRANSPORT No 4008 A 4008 O 4008 N FORMULAS THAT ARE ANNULED OR REPLACED No Formula (5) Number Year Number Year Number Year 1 2 EXTERNAL DEBT SURVEY 3189 Final Creditor or Beneficiary Name: (1) Address:
Country
Denomination Code (1)
Creditor Classification (4)
Single Bank 1
Agent Bank 2
International Organization 3 ALADI – Negotiated Lists 1 Supplier 4 ALADI – Non-negotiated Lists 2 Other beneficiaries 5 (4) Subclassification of countries Other countries 3 The provision of this income must be requested via Form 1794

Observations:
APPLICANT
It is declared under oath that the information provided is accurate, true, and that the operation is carried out in accordance with and to their knowledge of the provisions governing these transactions in the foreign exchange market. Date Stamp and Authorized Signatures INTERVENTION OF THE B.C.R.A. Authorized Amounts Payment Method Currency Payment Concepts Whole Decimals 1 Foreign Exchange Market Code Denomination 2 Own Funds 3 Others 1 2 0 Authorized Signatures For exclusive use of the B.C.R.A. – (2) according to the formula code table detailed in Communication “A” 320 integrate the columns of “Cash” and/or “Financed” to be indicated with “X” where appropriate – (4) Indicate with “X” what corresponds – (5) According to the payment concept tables detailed in Communication “A” 320 – (6) Signature of the official responsible for the Department or competent area.

Persons or entities that incur false declarations will be subject to the sanctions provided for in the “Law on the Criminal Exchange Regime, Ordered Text in 1982”, Decree No. 1.265 of 15.11.82.

B.C.R.A. INTEGRATION INSTRUCTIONS Annex II to Com. "A" 320 NUMBER ASSIGNED IN THE FOREIGN EXCHANGE BUDGET The corresponding boxes must be integrated by aligning the number corresponding to the right margin by the entities listed in Art. 1 of Decree 3532 of 24.11.75. The entities not included must leave this field blank.

ORIGIN FORMULA
Indicate the formula by which the operation was authorized, integrating the sub-field "code" based on the coding contained in the table "Formula Codes" - Annex No. IV of Circular SEPEX-1-. In case of more than one origin form, integrate the data from the first presentation, informing the rest in the space reserved for observations.

TERM
Term to which the operation was contracted.
If informed only in days (up to 999) do not integrate the sub-field years. If informed in years use the sub-field days only to indicate fractions of a year.

CURRENCY
Use the currency code table indicated in Communication "A" 21, Circular REFEX-1.

Payment Instrumentation-Integrate the corresponding boxes, marking the characteristics or original payment methods of the operation, disregarding the payment being processed by means of the formula presented. The section regarding installment payment is excepted from the foregoing, in which the installment number requested to be paid must be integrated, if applicable.

MATURITY
Mark with a cross at sight when it is due without a certain date, otherwise indicate the maturity date.

PAYMENT METHOD
When the box "Others" is marked, the payment instrument requested to be used must be described in the space reserved for "Observations".

PAYMENT CONCEPT AND AMOUNTS TO TRANSFER
One line will be integrated for each of the concepts that make up the total amount of the payment, in which it will be indicated on the total/transport line. If the number of concepts to be informed is greater than the number of available lines, the number of F 4008 H resulting necessary to contain them must be attached to the presentation. In such a situation, in the formulas that are attached, only the data inherent to the fields treated in this section will be integrated, placing on the last sheet, on the total/transport line, the total amount of the payment.

-2-
The concept code will be informed based on the information contained in the table of Annex III of Circular SEPEX-1. The sub-field amounts must be integrated by aligning the figures to the right margin and completing the decimals with zeros, when dealing with whole figures.

FORMULAS THAT ARE ANNULED OR REPLACED
Indicate the presentations already made in Fs. 4008 A, D or H, which are annulled by means of the one presented. In case the spaces provided are not sufficient, use the observations section to complement the information.

EXTERNAL DEBT SURVEY
In case of more than four presentations, use the space reserved for observations to complete the information.

LAST BENEFICIARY
Indicate the data of the final recipient of the payment, in case any type of credit assignment (discount of documents or other type of third-party financing) has been made, it must be interpreted that the final recipient is the new creditor or financed party. Integrate the sub-field country code based on the table contained in Circular REFEX-1.

B.C.R.A.
II - Exchange Regime SEPEX - 1
2. Forms to be presented to request authorization.
To carry out the different external operations, the following forms must be presented: Formula 2572-B: Imports of goods included in the list annexed to Circular COPEX - 1 and any other operation, whose financing exceeds 180 days of term, excluding external financial loans. Formula 4008-A: Inquiries, only. (Public Sector). Formula 4008-B: Imports - excluding the goods whose detail is in the Annex to Circular COPEX - 1 - whose financing does not exceed 180 days of term. (Public Sector). Formula 4008-D: Other concepts, excluding loans and those that are financed for terms greater than 180 days. (Public Sector). Formula 4008-F: Negotiation of external financial loans (also their extensions and/or refinancing) that are negotiated in the foreign exchange market or destined to directly cancel debts with the exterior. (Public Sector). Formula 4008-H: Requests for payments for any concept.
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B.C.R.A.
TABLE OF PAYMENT CONCEPT CODES SEPEX - 1 -1
Annex III
5210 - Ship leasing.
5220 - Aircraft leasing.
5310 - Expenses abroad of Argentine ships or aircraft or leased by Argentine companies. 5410 - Insurance on merchandise. 5420 - Other insurance (reinsurance and recoveries). 5440 - Losses. 5510 - Travel. 5520 - Transfers for credit card use. 5610 - Export freight (including container rental). 5811 - Imports. Advance payment. 5812 - Imports. Payment against shipping documents. 5813 - Imports. Single payment after shipping documentation. 5814 - Imports. Payment after (installments) shipping documentation. 5819 - Imports. Other payments. 5831 - Imports with deferred payment. Single payment. 5832 - Imports with deferred payment. Installment payment. 5839 - Imports with deferred payment. Others. 5841 - Contractual interest on imports. 5842 - Interest on import default. 5843 - Punitive interest on imports. 5849 - Other import interest. 5851 - Freight (only when it corresponds to pay in foreign currency. 5852 - Freight of previous imports (same as above).
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TABLE OF PAYMENT CONCEPT CODES SEPEX - 1 -1
Annex III
5853 - Consular expenses.
5859 - Other freight.
6200 - Investments abroad.
6211 - Repayment of syndicated short-term bank loans (up to 1 year). 6212 - Repayment of direct short-term bank loans (up to 1 year). 6219 - Repayment of other short-term loans (up to 1 year). 6221 - Repayment of syndicated long-term bank loans. (more than 1 year). 6222 - Repayment of direct long-term bank loans (more than 1 year). 6229 - Repayment of other long-term loans (more than 1 year). 6230 - Repayment of other export financings. 6240 - Repayment of loans to finance exports (ABLA). 6250 - Reimbursement of capitals invested in the country. 6260 - Repayment of export financing instrumented with rediscounted bills by the Central Bank. 6290 - Other capital movements. 6300 - Repayment of loans to finance imports from countries with Reciprocal Credit Agreement. 6310 - Repayment of other loans granted with resources from foreign currency deposits, constituted in financial entities in the country. 6320 - Repayment of other export financings granted with resources from foreign currency deposits, constituted in financial entities in the country. 6610 - Commercial commissions for import and export. 6620 - Other commissions. 6630 - Forward operations in foreign stock exchanges (serials and oilseeds). 6711 - Agent commission (bank loans).
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B.C.R.A.
TABLE OF PAYMENT CONCEPT CODES SEPEX - 1 -1
Annex III
6712 - Commitment commission (bank loans).
6713 - Administration commission (bank loans).
6718 - Bank expenses.
6719 - Other bank commissions.
7010 - Patents and trademarks.
7110 - Telephone, postal, telegraphic, and telex rates.
7220 - Consular collections.
7250 - Expenses of Argentine personnel posted abroad.
7260 - Salaries of Argentine personnel posted abroad.
7270 - Other remuneration or compensation.
7300 - Guarantees.
7400 - Subscription to newspapers and magazines.
7410 - Purchase of books by individuals.
7440 - Purchase of medicines, by individuals.
7450 - Copyrights.
7460 - Information services.
7470 - Retirement and pensions.
7480 - Extraction and legalization of birth, baptism, marriage, and death certificates. 7490 - Membership fees to international organizations. 7510 - Medical treatment expenses abroad. 7520 - Cultural, artistic, and sports activities. 7530 - Payment of salaries and per diems to Argentine diplomats and other official representatives accredited abroad, and obligations incurred during the exercise of their functions. 7540 - Registration fees for international congresses and meetings. 7550 - Expenses for attendance at international fairs and exhibitions. 7560 - Per diems, salaries, and fees for foreign contracted personnel working in the country. 7570 - Technical services (includes salaries and fees of foreign contracted personnel working in the country).
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TABLE OF PAYMENT CONCEPT CODES SEPEX - 1 -1
Annex III
7580 - Commercial advertising expenses.
7590 - Commercial representation expenses abroad.
7600 - Scholarships and study expenses.
7611 - Interest on syndicated short-term bank loans.
7612 - Interest on syndicated long-term bank loans.
7613 - Interest on direct short-term bank loans.
7614 - Interest on direct long-term bank loans.
7615 - Interest on loan default.
7616 - Punitive interest on loans.
7620 - Other interest.
7630 - Adjustment for decrease in FOB value of exports.
7640 - Royalties.
7660 - Other rents.
7690 - Various.
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B.C.R.A.
TABLE OF FORMULA CODES SEPEX - 1 - 1
Annex IV
(1) Up to 1 year term.
(2) More than 1 year term.
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