Circular LISOL 1-1095 and REMON 1-1127: Minimum Cash Requirements and Debtor Classification Adjustments

"Year of the Reconstruction of the Argentine Nation" COMMUNICATION "A" 8215 13/03/2025 TO FINANCIAL ENTITIES, TO TRUSTEES OF FINANCIAL TRUSTS INCLUDED IN THE FINANCIAL ENTITIES LAW, TO ADMINISTRATORS OF CREDIT PORTFOLIOS OF EX-FINANCIAL ENTITIES, TO RECIPROCAL GUARANTEE COMPANIES, TO PUBLIC-CHARACTER GUARANTEE FUNDS, TO NON-FINANCIAL COMPANIES ISSUING CREDIT CARDS, TO NON-FINANCIAL COMPANIES ISSUING PURCHASE CARDS, TO OTHER NON-FINANCIAL CREDIT PROVIDERS, TO PROVIDERS OF PEER-TO-PEER CREDIT SERVICES THROUGH PLATFORMS:
Ref.: Circular
LISOL 1-1095,
REMON 1-1127:
Minimum Cash. Debtor Classification. Adjustments.
___________________________________________________________________________ We address you to inform you that this Institution adopted the resolution that, in its pertinent part, establishes:

"1- To dispose, with validity until 09/30/25, that financial entities may compute for the Minimum SME Quota –provided for in Section 6. and in point 1.5.1. of the consolidated text on Minimum Cash– the assistance agreed upon with individuals and legal entities residing in areas affected by the storm and floods unleashed on 03/07/25 in the city of Bahía Blanca, insofar as they concern new financing or refinancing of the capital balances owed to that or another financial entity –in the latter case, with direct payment to the creditor entity–, granted from 03/14/25 onwards. The intervening financial entity must archive in the credit file of each debtor a copy of the certification issued by the corresponding jurisdiction from which it emerges that the person was affected by the catastrophe.

2- To establish, with validity until 09/30/25, for those individuals and legal entities residing in areas affected by the storm and floods unleashed on 03/07/25 in the city of Bahía Blanca that, for the purpose of computing the delinquency period to consider a debtor, according to the consolidated text on Debtor Classification, classified in:

• category 1 (referring to points 6.5.1. and 7.2.1. –normal situation–): up to 75 (seventy-five) days of delay in the payment of their obligations shall be admitted;
• category 2 (according to points 6.5.2. and 7.2.2. –special monitoring or low risk, respectively–): this period shall be 76 (seventy-six) and up to 135 (one hundred thirty-five) days of delay;

-2-

• category 3 (according to points 6.5.3. and 7.2.3. –problems or medium risk, respectively–): this period shall be 136 (one hundred thirty-six) and up to 225 (two hundred twenty-five) days of delay.
  The treatment granted under this framework shall not imply an improvement in the classification assigned to the client based on their individual situation, pre-existing to the storm, nor shall its application extend beyond the validity of this regulation."

Regarding this, we send you the sheets that, in replacement of those previously provided, must be incorporated into the consolidated texts of reference. In this sense, it is recalled that on this Institution's website www.bcra.gob.ar, by accessing "Financial System - LEGAL AND REGULATORY FRAMEWORK - Consolidations and summaries - Consolidated texts of general regulation", the modifications made with text highlighted in special characters (strikethrough and bold) will be found.

We salute you attentively.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
Enrique C. Martin Marina Ongaro
Manager of Emission of Regulations
General Deputy Manager of Financial Regulation

ANNEX

Central of Debtors of the Financial System (CENDEU) in June 2024, provided they have been agreed upon at a nominal annual interest rate that does not exceed, at that time, the rate established in point 2.1.1. of the TO on Interest Rates in Credit Operations. The average monthly balance of the financing reached in the period prior to the integration of the requirement will be considered. This deduction may not exceed 3% of the peso concepts subject to requirement, on average, of the month prior to integration. 100% of the residual balances of peso financing granted until 02/29/24 will continue to be computed as a reduction of the minimum cash requirement in pesos until their maturity. Financing computed for this deduction may not be computed for deductions from other points.

7.8. Until 09/30/25, financial entities may compute for the Minimum SME Quota –provided for in Section 6. and in point 1.5.1.– the assistance agreed upon with individuals and legal entities residing in areas affected by the storm and floods unleashed on 03/07/25 in the city of Bahía Blanca, insofar as they concern new financing or refinancing of the capital balances owed to that or another financial entity –in the latter case, with direct payment to the creditor entity–, granted from 03/14/25 onwards.
The intervening financial entity must archive in the credit file of each debtor a copy of the certification issued by the corresponding jurisdiction from which it emerges that the person was affected by the catastrophe.

B.C.R.A. MINIMUM CASH
Section 7. Transitional Provisions.
Version: 2nd COMMUNICATION "A" 8215 Validity:
14/03/2025 Page 6

MINIMUM CASH
CONSOLIDATED TEXT ORIGINATING NORM OBSERVATIONS Sec. Point Para. Com. Annex Sec. Point Para.
4. 4.1. "A" 3274 II 4. 4.1.
5.
5.1. "A" 3274 II 5. 5.1. According to Com. "A" 3498, 5693 and
6832.
5.2. "A" 3905 5. According to Com. "A" 5356 and 5693.
5.3. "A" 3905 5. According to Com. "A" 4449, 6167 and
7944.
6.
6.1. "A" 7983 1.
6.2. "A" 7983 1. According to Com. "A" 8018.
6.3. "A" 7983 1.
6.4. "A" 7983 1.
6.4.1. "A" 7983 1.
6.4.2. "A" 7983 1. According to Com. "A" 8021.
6.4.3. "A" 7983 1.
6.5. "A" 7983 1.
6.5.1. "A" 7983 1.
6.5.2. "A" 7983 1.
7.
7.1.1. "A" 5246 3.
7.1.2. "A" 5312 According to Com. "A" 5333.
7.2. "A" 7536 2.
7.2.1. "A" 6858 1. According to Com. "A" 6901, 6907 and
7536.
7.2.2. "A" 6937 2. According to Com. "A" 6943, 7054,
7140, 7155 and 7536.
7.2.3. "A" 6993 2. According to Com. "A" 7082, 7157 and
7536.
7.2.4. "A" 7006 2. According to Com. "A" 7536.
7.2.5. "A" 7342 2. According to Com. "A" 7536.
7.2. last "A" 6858 2. According to Com. "A" 6965, 6993,
7006, 7140, 7132, 7155, 7157,
7161, 7254, 7342 and 7536.
7.3. "A" 7983 3.
7.4. "A" 5631 1. According to Com. "A" 5638, 6217,
6531, 6857, 6910, 6937, 7114,
7334, 7448, 7951, 7983 and 8026.
7.5. "A" 8062 2. According to Com. "A" 8124.
7.6. "A" 7161 5. According to Com. "A" 7432, 7459,
7474, 7491, 7536, 7561, 7983 and
8159.
7.7. "A" 7254 1. According to Com. "A" 7287, 7536,
7970, 8057 and 8159. Includes regulatory clarification.
7.8. "A" 8215 1.

11.1. Until 09/30/25, for those individuals and legal entities residing in areas affected by the storm and floods unleashed on 03/07/25 in the city of Bahía Blanca that, for the purpose of computing the delinquency period to consider a debtor classified in:

• category 1 (referring to points 6.5.1. and 7.2.1. –normal situation–): up to 75 days of delay in the payment of their obligations shall be admitted;
• category 2 (according to points 6.5.2. and 7.2.2. –special monitoring or low risk, respectively–): this period shall be 76 and up to 135 days of delay;
• category 3 (according to points 6.5.3. and 7.2.3. –problems or medium risk, respectively–): this period shall be 136 and up to 225 days of delay.
  The treatment granted under this framework shall not imply an improvement in the classification assigned to the client based on their individual situation, pre-existing to the storm, nor shall its application extend beyond the validity of this point.

B.C.R.A. DEBTOR CLASSIFICATION
Section 11. Transitional Provisions.
Version: 20th COMMUNICATION "A" 8215 Validity:
14/03/2025 Page 1

DEBTOR CLASSIFICATION
CONSOLIDATED TEXT ORIGINATING NORM OBSERVATIONS Sec. Point Para. Com. Annex Point Para.
8. 8.1. "A" 2216 I 5. According to Com. "A" 2562.
9.
9.1. "A" 2227 unique 5.2.1. Last According to Com. "A" 2649.
9.2. "A" 2227 unique 5.1.5.
and
5.2.2.
According to Com. "A" 2649.
10.
10.1. "A" 2389 According to Com. "A" 5593 and 7146.
10.2.1. "A" 2703 3. According to Com. "A" 3145 and 7443.
10.2.2. "A" 2703 4. According to Com. "A" 6851 and 7443.
10.3. "A" 3141 4. According to Com. "A" 5275.
10.4. "A" 7406 1. According to Com. "A" 7423.
11. 11.1. "A" 8215 2.