RegAlert2024-11-07 | A 8125Added
Circular LISOL 1-1080, OPRAC 1-1263: Financing to the Non-Financial Public Sector. "Treasury Bills Program Law 3.426". Province of Neuquén.
Financial entities are authorized to acquire Treasury Bills issued by the Province of Neuquén, up to an aggregate maximum of USD 50,000,000 or its equivalent in pesos, under the "Treasury Bills Program Law 3.426". This constitutes an exception to the restriction in point 2.1 of the consolidated text on Financing to the Non-Financial Public Sector. However, these entities are prohibited from using foreign currency resources 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” 8125 11/07/2024TO FINANCIAL ENTITIES:Ref.: Circular LISOL 1-1080, OPRAC 1-1263: Financing to the non-financial public sector. "Treasury Bills Program Law 3.426". Province of Neuquén.___________________________________________________________________________We address you to inform you that this Institution adopted the resolution which, in its relevant part, provides:"- Not to formulate observations, within the framework of the restriction contained in point 2.1. of the consolidated text on Financing to the Non-Financial Public Sector, regarding financial entities being able to acquire Treasury Bills to be issued by the Province of Neuquén for a maximum aggregate amount of USD50,000,000 (fifty million US dollars) or its equivalent in pesos, within the framework of the "Treasury Bills Program Law 3.426", as provided in provincial Law 3.426 and in accordance with the conditions established in note NO-2024-115587846-APN-SH#MEC from the Secretariat of Finance of the Ministry of Economy of the Nation, without prejudice to the observance by the participating financial entities of the provisions regarding credit risk fractionation provided in the aforementioned regulation.Participating financial entities may not apply foreign currency resources obtained from their financial intermediation liabilities to the subscription of the aforementioned bills denominated in US dollars, in accordance with the provisions of the consolidated text on Credit Policy.”Sincerely,CENTRAL BANK OF THE ARGENTINE REPUBLICDarío C. Stefanelli Marina OngaroPrincipal Manager of Issuance and Regulatory ApplicationsDeputy General 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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