Circular Monetary Regulations - REMON 1 - 37. Use of Central Bank Loans

CENTRAL BANK OF THE ARGENTINE REPUBLIC
COMMUNICATION "A" 167 19/07/82
TO FINANCIAL ENTITIES:
Ref.: Circular MONETARY REGULATIONS. REMON - 1 - 37. Use of Central Bank Loans

We address you with reference to Circular REMON - 1 - 30 (Communication "A" 156).

In this regard, we clarify that financial entities that have administrative difficulties in applying the mechanism established in point 1, items a) and b) of said circular, may daily deduct from the accounts "Net use of additional loan not yet credited by the BCRA" the amounts actually received as principal, interest, and adjustments corresponding to credit operations allocated to "Basic" or "Additional" loans, communicating such decision to the Central Bank.

Financial entities may cease to use this option - which implies a decrease in their profitability - once the adaptation of their computing systems allows it, with prior notice to this institution.

We will shortly send you the procedural rules linked to the aforementioned circular.

We greet you very respectfully.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
Néstor J. Taró
Manager of Standards for Financial Entities Daniel E. de Pablo Deputy General Manager