RegAlert
1999-07-16 | A 2951

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Circular LISOL 1 - 251. Charge for deficiencies in integration of minimum liquidity requirements due to defects in application of funds

The Central Bank of the Republic Argentina establishes an annual charge of 0.5% for the period from July 1, 1999, to December 31, 1999, applicable to deficiencies in integrating minimum liquidity requirements that correspond to defects in applying the foreign currency deposit and placement regime. These specific defects are excluded from the calculation of integration deficiencies that determine the obligation to present framing programs.

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"1999 - Year of Exportation"

CENTRAL BANK OF THE ARGENTINE REPUBLIC

COMMUNICATION "A" 2951 I 16/07/99

TO FINANCIAL ENTITIES:
Ref.: Circular
LISOL 1 - 251.
Charge for deficiencies in integration of minimum liquidity requirements due to defects in application of funds

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

"- Fix at 0.5% per year, from 1.7.99 to 31.12.99, the charge for deficiencies in the integration of minimum liquidity requirements, to the extent that they correspond to defects in the application of the regime for collection and placement of funds in foreign currency made known by Communication "A" 1820 and complementary ones, linked to the transformation into fixed deposits in foreign currency of deposits in pesos attributable to the financing of assets in this last currency.

The amount of these defects will not be computable to calculate the integration deficiency that determines the obligation to present framing programs (point 3.2. of the rules on minimum liquidity requirements)."

We salute you very attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
Juan Carlos Isi Alfredo A. Besio
Submanager of Regulatory Regime Manager of Rules for Financial Entities

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Lineage: In force

Foreign Currency Resource Colle…1991Foreign Currency Resource Collection and Application Regime - LISOL 1-44, OPRAC 1-316, OPASI 2-72, REMON 1-629 (1991-03-27)A Communication No. 2951 dated …A Communication No. 2951 dated 1999-07-16Circular LISOL 1 - 251. Chargefor deficiencies in integrati…1999-07-16 · this documentCircular LISOL 1 - 251. Charge for deficiencies in integration of minimum liquidity requirements due to defects in application of funds (1999-07-16)
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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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