RegAlert2024-10-10 | A 8115Added
Circular LISOL 1-1076 OPRAC 1-1259: Financing of the Non-Financial Public Sector. "Financing Program 2024 - PF24". Province of Neuquen
Financial entities are authorized to acquire Treasury Bills issued by the Province of Neuquén under the "Financing Program 2024 - PF24" up to a maximum amount of $44,900,000,000 Argentine pesos without submitting observations regarding credit risk fragmentation restrictions. This authorization is granted in accordance with Provincial Law 3,403 and conditions set by the Secretariat of Finance of the Ministry of Economy of the Nation. Financial institutions participating in this program are prohibited from using resources in foreign currency obtained from their financial intermediation liabilities to subscribe to the US dollar-denominated bills.
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"YEAR OF THE DEFENSE OF LIFE, LIBERTY AND PROPERTY" "YEAR OF THE DEFENSE OF LIFE, LIBERTY AND PROPERTY"
COMMUNICATION “A” 8115 10/10/2024
TO FINANCIAL ENTITIES:
Ref.: Circular
LISOL 1-1076,
OPRAC 1-1259:
Financing of the non-financial public sector.
“Financing Program 2024 - PF24”. Province of Neuquén.
___________________________________________________________________________ We address you to inform you that this Institution adopted the resolution which, in its pertinent part, provides:
“- To not formulate observations, within the framework of the restriction contained in point 2.1 of the consolidated text on Financing of the Non-Financial Public Sector, as to whether financial entities may acquire Treasury Bills to be issued by the province of Neuquén for up to a maximum amount of $44,900,000,000 (forty-four billion nine hundred million Argentine pesos), within the framework of the “Financing Program 2024 - PF24”, as provided for in Provincial Law 3,403 and in accordance with the conditions established in note NO-2024-105111873-APN-SH#MEC of the Secretariat of Finance of the Ministry of Economy of the Nation, without prejudice to compliance by the intervening financial entities with the provisions on credit risk fragmentation provided in the aforementioned regulation. The intervening financial entities shall not apply resources in foreign currency obtained from their liabilities from financial intermediation to the subscription of said letters denominated in United States dollars, in accordance with what is provided in the consolidated text on Credit Policy.”
We greet you sincerely.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
Darío C. Stefanelli Marina Ongaro
Manager of Issuance and
Normative Applications
General Deputy Manager of Financial Regulation
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Source: Banco Central de la Republica Argentina — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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