Circular Monetary Regulations - REMON 1 - 32. Rediscount Regime for Addressing Transitory Illiquidity Situations. Chapter IV, Point 1.1. Complementary Rules.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
COMMUNICATION "A" 158 13/07/82
TO FINANCIAL ENTITIES:
Ref.: Circular MONETARY REGULATIONS - REMON - 1 - 32. Rediscount Regime for the attention of transitory illiquidity situations -
Chapter IV, point 1.1. Complementary Rules.
We address you to bring to your knowledge that this Institution adopted the following resolution:
"From July 14, 1982, financial entities may request funds within the rediscount regime for the attention of illiquidity situations in accordance with the conditions that are detailed below:

1. The monthly average of the daily balances of utilization of this margin, cannot exceed the
   1% of the respective average of the items subject to the requirement of minimum cash (point 1 of formula 3000) corresponding to the penultimate monthly computation position, with respect to the month in which the requests are made.
2. The outstanding debt for this margin, must not exceed at any time 7% of the total of said items".
   Consequently, the other norms not modified by the two preceding points maintain their validity. We salute you very attentively. BANCO CENTRAL DE LA REPÚBLICA ARGENTINA Alberto L. L. Chazelle Manager of Monetary Programming Horacio A. Alonso General Sub-manager