Circular Monetary Regulations - REMON 1 - 87. Interest Rates Applicable to Credits of Non-Adhering Industrial and Mining "Leader" Enterprises

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
COMMUNICATION "A" 283 11/02/83
TO FINANCIAL ENTITIES:
Ref.: Circular MONETARY REGULATIONS - REMON - 1 - 87. Applicable interest rate for credits of industrial and mining enterprises "leaders" not adhered to the price coordination regime

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

" - Establish that, from January 1, 1983, credits of industrial and mining enterprises "leaders" not adhered to the price coordination regime, affected by the Consolidated Loan, will accrue the interest rate that applies to the "general clientele" sublimit, unless the operations are allocated to the margin for "free rate" for other reasons specifically linked to the aforementioned regime."

It is clarified, furthermore, that said measure does not obligate the immediate modification of the repayment plan of the Consolidated Loan timely presented to this Institution, without prejudice to such changes being incorporated into the schedules that are to be sent in the future.

We salute you very attentively.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Germán R. Pampillo
Submanager of Norms for
Financial Entities
Daniel E. de Pablo
General Submanager