Circular LISOL 1 - 229. Minimum capital requirement for credit risk. Operations with the public sector. Extension.

"1999 - Year of Exportation"

BANCO CENTRAL DE LA REPUBLICA ARGENTINA
__________________________________________________________________ COMMUNICATION "A" 2872 04/03/99 __________________________________________________________________ TO FINANCIAL ENTITIES:
Ref.: Circular
LISOL 1 - 229.
Minimum capital requirement for credit risk. Operations with the public sector. Extension.

We address you to inform you that this Institution has adopted the following resolution:

"1. Extend until 1.1.2000 the entry into force of the provisions contained in point 3. of the resolution disseminated by Communication "A" 2793, regarding modifications in the risk weights to determine the minimum capital requirement for credit risk.

Without prejudice to the foregoing, the provision setting the risk weights for public securities and other non-immobilized assets - except those deductible for the determination of calculable equity responsibility - subject to minimum capital requirements for market risk, shall apply from 1.3.99.

2. Declare null and void the resolution disseminated by Communication "A" 2830."

We salute you very attentively.

BANCO CENTRAL DE LA REPUBLICA ARGENTINA
Alfredo A. Besio Susana Olgiati
Manager of Standards for General Manager
Financial Entities