RegAlertRule · BCRA · 16 Jan 2025 · A 8179
Circular LISOL 1-1089 OPRAC 1-1272: Financing of the Non-Financial Public Sector. "Law 3,426 Treasury Bill Program". Province of Neuquén. Extension of Deadline
The Central Bank of the Republic Argentina instructs financial entities to waive observations regarding the extension of the deadline for the issuance and settlement of Treasury Bills by the Province of Neuquén under the Law 3,426 Program. This waiver applies provided that financial entities comply with credit risk fragmentation rules and are prohibited from using foreign currency resources obtained from their financial intermediation liabilities to subscribe to the US dollar-denominated bills.
"Year of the Reconstruction of the Argentine Nation" "Year of the Reconstruction of the Argentine Nation"
COMMUNICATION "A" 8179 16/01/2025
TO FINANCIAL ENTITIES:
Ref.: Circular
LISOL 1-1089,
OPRAC 1-1272:
Financing of the Non-Financial Public Sector.
"Law 3,426 Treasury Bill Program". Province of Neuquén. Extension of Deadline.
We address ourselves to you to inform you that this Institution adopted the resolution that, 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, to the extension of the deadline for the issuance and settlement of the different types of Treasury Bills by the Province of Neuquén within the framework of the "Law 3,426 Treasury Bill Program" –authorized previously as derived from Communication A 8125–, in accordance with what is provided in Resolution 2/25 of the Provincial Ministry of Economy, Production and Industry (RESOL-2025-2-E-NEU-MEPI) and the conditions established in notes NO-2024-115587846-APN-SH#MEC and NO-2025-01677073-APN-SH#MEC of the Secretariat of Treasury of the Ministry of Economy of the Nation, without prejudice to the observance by the intervening financial entities of the provisions on credit risk fragmentation provided in the aforementioned regulation.
The intervening financial entities shall not apply foreign currency resources obtained from their liabilities from financial intermediation to the subscription of the aforementioned bills denominated in United States dollars, in accordance with what is provided in the consolidated text on Credit Policy."
We salute you attentively.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
Darío C. Stefanelli Marina Ongaro
Principal Manager of Issuance and Regulatory Applications
Deputy General Manager of Financial Regulation
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- Issued under
- Resolution 2/25 of the Provincial Ministry of EconomyNot in RegAlert · Ministry of Economy, Production and Industry (Province of Neuquén) · 2025
“in accordance with what is provided in Resolution 2/25 of the Provincial Ministry of Economy, Production and Industry (RESOL-2025-2-E-NEU-MEPI)”
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