Circular OPASI 2-399: Modification of norms on savings deposits, remuneration payments, special deposits, bank current accounts, and demand accounts in cooperative credit unions

"2009 - Year of Tribute to Raúl SCALABRINI ORTIZ" COMMUNICATION "A" 4936 28/04/2009 TO FINANCIAL ENTITIES:
TO COOPERATIVE CREDIT UNIONS (LAW 26.173):
Ref.: Circular
OPASI 2 - 399
"Savings deposits, payment of remuneration and special deposits", "Regulation of the bank current account" and "Demand accounts opened in cooperative credit unions". Modification of the applicable norms. . ______ We address you to inform you that, pursuant to what is established by Communication "A" 4929, related to the implementation of the "Official Nominative Payment Order" (OPON), the deposit of said documents in savings accounts, basic accounts, special current accounts, bank current accounts, and demand accounts opened in cooperative credit unions is admitted. Consequently, the applicable norms in this matter are modified, according to the following points:

1. Points 1.6.1.5 of Section 1., 3.7.1.5. of Section 3. and item v) of point 4.4.5.1. of Section 4. of the norms on "Savings deposits, payment of remuneration and special deposits":

"1.6.1.5. When it comes to deposits of checks or official nominative payment orders, the name of the drawee entity and the amount of each of the deposited documents. ...
3.7.1.5. When it comes to deposits of checks or official nominative payment orders, the name of the drawee entity and the amount of each of the deposited documents.
... v) When it comes to deposits of checks or official nominative payment orders, the name of the drawee entity and the amount of each of the deposited documents."

-2-

2. Point 2.1.1.5. of Section 2. of the Regulation of the bank current account:

"2.1.1.5. When it comes to deposits of checks or official nominative payment orders, the name of the drawee entity and the amount of each of the deposited documents."

3. Point 2.1.1.5. of Section 2. of the norms on "Demand accounts opened in cooperative credit unions":

"2.1.1.5. When it comes to deposits of bills of exchange, checks and/or official nominative payment orders, the name of the cooperative credit union and/or drawee entity and the amount of each of the deposited documents."

Finally, we send you the sheets that, in replacement of those previously provided, must be incorporated into the ordered texts of the reference. Likewise, it is recalled that on the website of this Institution www.bcra.gov.ar, accessing "regulations" ("ordered texts"), the modifications made with texts highlighted in special characters (strikethrough and bold) will be found.

We greet you very attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
Darío C. Stefanelli José I. Rutman
Manager of Emission of Norms
General Manager of Norms

ANNEX

Precautions must be taken to the utmost to prevent the opening of accounts with false, inauthentic documentation or in the name of persons whose documents do not correspond to their presenters. In this matter, it is recommended that, in case of not having sufficient references or assurances about the new client, instructions be given so that prior to processing the deposit of checks, aspects such as the age of the account, its activity, permanence of deposits, and any other precaution that practice makes advisable are taken into account, without harming the legitimate interests of clients who act honestly.

Entities must pay attention to the functioning of accounts with the purpose of avoiding that they can be used in relation to the development of illicit activities. Internal norms and procedures must be adopted to verify that the activity registered in the accounts is reasonable with the activities declared by the clients.

1.5. Currencies.
1.5.1. Pesos.
1.5.2. United States dollars.
1.5.3. Other currencies.
At the request of the entities, the Central Bank of the Argentine Republic may authorize the collection of deposits in other currencies.

1.6. Deposits and other credits.
1.6.1. Counter deposits under the agreed conditions.
The receipts used must contain, at a minimum, the following data:
1.6.1.1. Name of the financial entity.
1.6.1.2. First and last name and account number.
1.6.1.3. Amount deposited.
1.6.1.4. Place and date.
1.6.1.5. When it comes to deposits of checks or official nominative payment orders, the name of the drawee entity and the amount of each of the deposited documents.
1.6.1.6. Stamp of the receiving house, unless mechanized security documents are used.

B.C.R.A. SAVINGS DEPOSITS, PAYMENT OF REMUNERATION AND SPECIALS
Section 1. Savings account.
Version: 6th COMMUNICATION "A" 4936
Validity:
28/04/2009

3.7. Deposits and other credits.
3.7.1. Counter deposits under the agreed conditions.
The receipts used must contain, at a minimum, the following data:
3.7.1.1. Name of the financial entity.
3.7.1.2. First and last name and account number.
3.7.1.3. Amount deposited.
3.7.1.4. Place and date.
3.7.1.5. When it comes to deposits of checks or official nominative payment orders, the name of the drawee entity and the amount of each of the deposited documents.
3.7.1.6. Stamp of the receiving house, unless mechanized security documents are used.
Alternative means such as magnetic card or personal key identification may be used, which guarantee the authenticity of the operations, extending the pertinent deposit record issued mechanically.

3.7.2. Deposits in ATMs and self-service terminals within national territory.
The record will be issued with the essential data of the operation.

3.7.3. Transfers -including electronic-, telephone orders, via "internet", etc.
The record of the operation in the account statement (point 3.13.) will be proof of the operation.

3.7.4. Capitalized interest and other credits.

3.8. Withdrawal of funds.
3.8.1. By counter: under the agreed conditions, through documents that meet the characteristics of a receipt.
Other alternative means such as magnetic card or personal key identification may be used, which guarantee the authenticity of the operations, extending the pertinent record of the transaction.

3.8.2. Through ATMs and operations carried out through terminals at points of sale within national territory.
The pertinent record will be issued with the essential data of the operation.

B.C.R.A. SAVINGS DEPOSITS, PAYMENT OF REMUNERATION AND SPECIALS
Section 3. Basic account.
Version: 5th COMMUNICATION "A" 4936
Validity:
28/04/2009

4.4.5. Deposits and other credits.
4.4.5.1. Counter or ATM deposits.
When receipts are used, they must contain, at a minimum, the following data:
i) Name of the financial entity. ii) Legal name of the holder and account number. iii) Amount deposited. iv) Place and date. v) When it comes to deposits of checks or official nominative payment orders, the name of the drawee entity and the amount of each of the deposited documents. vi) Stamp of the receiving house, unless mechanized security documents are used. Alternative means such as magnetic card or personal key identification may be used, which guarantee the genuineness of the operations, extending the pertinent deposit record issued mechanically.

Regarding the carrying out of operations through ATMs, entities must have implemented computer security mechanisms that guarantee the genuineness of the operations and provide for the issuance of the pertinent record with the essential data of the operation.

4.4.5.2. Through transfers -including electronic-, telephone orders, via "Internet", etc.
The record of the operation in the account statement (point 4.4.10.) will be proof of the operation. Entities must have implemented computer security mechanisms that guarantee the genuineness of the operations.

4.4.5.3. Other credits, including -among them- those originating in the granting of loans and in the collection of receivables.

4.4.6. Debits.
4.4.6.1. By counter, under the agreed conditions, through documents that meet the characteristics of a receipt.

B.C.R.A. SAVINGS DEPOSITS, PAYMENT OF REMUNERATION AND SPECIALS
Section 4. Specials.
Version: 2nd COMMUNICATION "A" 4936
Validity:
28/04/2009

Sec. Point Para. Comm. Annex Chap. Sec. Point Para.
1.1.1. "A" 1199
"A" 1820 I
I 2.
2.1.
S/Com. "A" 1823 - pt. 2°
S/Com. "A" 2192 - pt 1.
S/Com. "A" 2241 - Chap. I -
Section 1. and "A" 4368.
1.1.2. "A" 1199
"A" 1823
I 2.
2.1.
1.1.3. "A" 1199
"A" 1823
I 2.
2.1.
1.1.4. "A" 1199
"A" 1823
I 2.
2.1.
1.2. "A" 1653
"A" 1820 I
I 2.1.3.1.
2.2.
S/Com. "A" 2061- pt. 3.,
"A" 3247 pt. 1. and "A" 4358
1.3. "A" 3042 1. 1.3.1. S/Com. "A" 3247 – pt. 1.
1° "A" 4809
2° "A" 1199 I 5.7. S/Com. "A" 4809.
3° "A" 1199 I 5.7.
4° "A" 2814 1. 1.1.1.1.
1.4.
5° "A" 2814 1. 1.1.1.2.
1.5.1. "A" 1199 I 2.
1.5.2. "A" 1820 I 2.3.
1.5.3. "A" 1820 I 2.3.
1.6. "A" 3042 S/Com. "A" 3247 and "A"
4936.
1° "A" 1653 I 2.1.3.2.3. 1°
"A" 1820 I 2.5. 2°
1.7.1.
2° "A" 3042
1° "A" 1653 I 2.1.3.2.3. 2°
2° "A" 1653 I 2.1.3.2.3. 2°
1.7.2.
3° "A" 3042
1° "A" 1653 I 2.1.3.3. S/Com. "A" 2061 – pt. 3.
2° "A" 3042
1.7.3.
3° "A" 3042
1.7.4. "A" 1653 I 2.1.3.2.2.
1.7.5. "A" 3042
1° "A" 1653 I 2.1.1.1.
"A" 1820 I 2.4.
2° "A" 1653 I 2.1.1.1.
"A" 1820 I 2.4.
1.8.1.
3° "A" 3042
1.8.2. "A" 2468 1. 2°
1.9. "A" 2468 1 1°
1.9.1. "A" 1653 I 2.1.3.2.2.
3.3.
1° "A" 2508 Unique 1° S/Com. "A" 3323.
2° "A" 2621 1. 1°
3° "A" 2508 Unique 5°
1.
1.9.2.
4° "A" 3042

B.C.R.A.
ORIGIN OF THE PROVISIONS INCLUDED IN THE ORDERED TEXT OF THE NORMS ON "SAVINGS DEPOSITS, PAYMENT OF REMUNERATION AND SPECIALS"

SAVINGS DEPOSITS, PAYMENT OF REMUNERATION AND SPECIALS Sec. Point Para. Comm. Annex Chap. Sec. Point Para.
3.1. "A" 4809 1.
3.2. "A" 4809 1.
3.3. "A" 4809 1.
3.4. "A" 4809 1.
3.5. "A" 4809 1.
3.6. "A" 4809 1.
3.7. "A" 4809 1. S/Com. "A" 4936.
3.8. "A" 4809 1.
3.9. "A" 4809 1.
3.10. "A" 4809 1.
3.11. "A" 4809 1.
3.12. "A" 4809 1.
3.13. "A" 4809 1.
3.14. "A" 4809 1.
3.15. "A" 4809 1.
3.16. "A" 4809 1.
3.17. "A" 4809 1.
3.18. "A" 4809 1.
3.
3.19. "A" 4809 1.
"A" 1199 I 4.2.1.
4.1.1.
"B" 6360
S/Com. "A" 4532 and "B"
9516.
1° "A" 1199 I 4.2.2.
S/Com. "A" 3042 and "B"
4.1.2. 9516.
2° "A" 3042
4.1.3. "A" 1199 I 4.2.
4.1.4. "A" 1199 I 4.2.3.
S/Com. "A" 1877, pt.
3°.
4.1.5.1. "A" 1199 I 4.2.4.1.
4.1.5.2. "A" 1199 I 4.2.4.2.
4.1.5.3. "A" 1199 I 4.2.4.3.
4.1.6.1. "A" 1199 I 4.2.5.1.
4.1.6.2. "A" 1199 I 4.2.5.2.
4.1.6.3. "A" 1199 I 4.2.5.3.
4.1.6.4. "A" 1199 I 4.2.5.4.
4.1.7. "A" 1199 I 4.2.6. S/Com. "B" 9516.
4.1.7.1. "A" 1199 I 4.2.6.1. S/Com. "B" 9516.
4.1.7.2. "B" 9516
4.1.7.3. "A" 1199 I 4.2.6.2. S/Com. "B" 9516.
4.1.7.4. "A" 1199 I 4.2.6.4. S/Com. "B" 9516.
4.1.7.5. "A" 1199 I 4.2.6.3. S/Com. "B" 9516.
4.1.7.6. "A" 1199 I 4.2.6.5. S/Com. "B" 9516.
4.1.8.1. "A" 1199 I 4.2.7.1.
4.1.8.2. "A" 1199 I 4.2.7.2.
4.1.9.1. "A" 1199 I 4.2.8.1.
4.1.9.2. "A" 1199 I 4.2.8.2.
4.1.9.3. "A" 1199 I 4.2.8.3.
4.1.9.4. "A" 3042
4.1.10. "A" 1199 I 4.2.9. S/Com. "B" 9516.
4.
4.2.1. "A" 1247 4.3.1.

SAVINGS DEPOSITS, PAYMENT OF REMUNERATION AND SPECIALS Sec. Point Para. Comm. Annex Chap. Sec. Point Para.
4.2.2. "A" 1247 4.3.2.
4.2.3. "A" 1247 4.3.3.
4.2.4.1. "A" 1247 4.3.4.1. S/Com. "A" 3042.
4.2.4.2. "A" 1247 4.3.4.2.
4.2.5. "A" 1247 4.3.5.
4.2.6. "A" 1247 4.3.6.
4.2.7. "A" 1247 4.3.7.
4.2.8. "A" 1247 4.3.8.
4.3. "A" 1199 I 4.1.
4.4. "A" 3250 1.
4.4.1. "A" 3250 1.
4.4.2. "A" 3250 1.
4.4.3. "A" 3250 1.
4.4.4. "A" 3250 1.
4.4.5. "A" 3250 1. S/Com. "A" 4936.
4.4.6. "A" 3250 1.
4.4.7. "A" 3250 1.
4.4.8. "A" 3250 1.
4.4.9. "A" 3250 1.
4.4.10. "A" 3250 1. S/Com. "A" 3323, "A"
3014 pt 3.7.1. and 4809.
4.4.11. "A" 3250 1.
4.4.12. "A" 3250 1.
4.4.13. "A" 3250 1.
4.4.14. "A" 3250 1.
4.5. "A" 3583 1 S/Com. "A" 3827, pt.
3.
4.
4.6. "A" 3566 1. S/Com. "A" 4602,
points 1 and 2.
5.1. "A" 3042
5.1.1. "A" 2885 1.
5.1.2. "A" 2885 2. 2.2.
5.1.3. "A" 2885 2. 2.3.
5.1.4. "A" 2885 2. 2.4.
5.1.5. "A" 2885 2. 2.5. and 2.6.
5.1.6. "A" 3042
5.2. "A" 1891 S/Com. "A" 1922 and "A"
3323 and "A" 4875.
1° "A" 2530 1°
2° "A" 2530 3° and 4°
5.3.1.
3° "A" 2530 5°
5.
5.3.2. "A" 2530 2°

2.1. Credits.
2.1.1. By counter or ATM deposits.
When receipts are used, they must contain, at a minimum, the following data:
2.1.1.1. Name of the financial entity.
2.1.1.2. First and last name or legal name of the holder and account number.
2.1.1.3. Amount deposited.
2.1.1.4. Place and date.
2.1.1.5. When it comes to deposits of checks or official nominative payment orders, the name of the drawee entity and the amount of each of the deposited documents.
2.1.1.6. Stamp of the receiving house, unless mechanized security documents are used.
Regarding the carrying out of operations through ATMs, entities must have implemented computer security mechanisms that guarantee the genuineness of the operations.

2.1.2. Through transfers -including electronic-, telephone orders, via "Internet", etc.
Entities must have implemented computer security mechanisms that guarantee the genuineness of the operations.

2.1.3. By internal credits.
2.1.4. Others.
Except when deposit receipts are used, banks must issue the pertinent record with the essential data of the operation, regardless of the means used.

2.2. Debits.
2.2.1. By payment of checks. In the case of accounts in the name of legal entities that do not have checkbooks, the debit for the payment of "counter checks" to their legal representatives or persons authorized to operate in them must be provided for. Debits for the sale of "counter checks" and "financial payment checks" issued by the bank and "cancellation checks" will also be contemplated.

2.2.2. Transfers, which must be ordered by the account holder, regardless of their form -personal, electronic, telephone, via "Internet", etc.-.

REGULATION OF THE BANK CURRENT ACCOUNT B.C.R.A.
Section 2. Movement of accounts.
Version: 4th COMMUNICATION "A" 4936
Validity:
28/04/2009

Sec. Point Para. Comm. Annex Chap. Sec. Point Para.
"A" 3244 2.
2.1. "A" 2514 unique 1.3.1.
2.1.1. "A" 2514 unique 1.3.1.1. 1° S/Com. "A" 3075
2.1.1.1. "A" 2514 unique 1.3.1.1.1.
2.1.1.2. "A" 2514 unique 1.3.1.1.2.
2.1.1.3. "A" 2514 unique 1.3.1.1.3.
2.1.1.4. "A" 2514 unique 1.3.1.1.4.
2.1.1.5. "A" 2514 unique 1.3.1.1.5.
1.3.1.1.6.
S/Com. "A" 4936.
2.1.1.6. "A" 2514 unique 1.3.1.1. last.
2.1.1. last. "A" 3075
2.1.2. "A" 2514 unique 1.3.1.2. S/Com. "A" 3075
2.1.3. "A" 2514 unique 1.3.1.2.
2.1.4. "A" 2514 unique 1.3.1.2.
2.1. last. "A" 3075
2.2. "A" 2514 unique 1.3.2.
2.2.1. "A" 2514 unique 1.3.2.1. S/Com. "A" 3244 and
"A" 3249
2.2.2. "A" 2514 unique 1.3.2.2. S/Com. "A" 3075
2.2.3. "A" 2514 unique 1.3.2.3. S/Com. "A" 3244
2.2.4. "A" 2514 unique 1.3.2.4. S/Com. "A" 3075
2.3. "A" 2514 unique 1.14.
2.3.1. "A" 2514 unique 1.14. 1°
2.3.2. "A" 2514
"A" 1199 unique
I
1.14.
5.3.3.
2°
2.3.3. "A" 2514 unique 1.14. 3°
2.3.4. "A" 3075
2.3.4.1. "A" 3075
2.3.4.2. "A" 3075
2.3.4.3. "A" 1199 I 5.3.4.1. and
5.3.4.3.
2.3.5. "A" 627 1. S/Com. "A" 3831
2.4. "A" 2514 unique 1.15. S/Com. "A" 2779
2.
2.4.1. "A" 2514 unique 1.15.1. S/Com. "A" 2779
"A" 3075
3.1. "A" 2514 unique 1.3.2.1. S/Com. "A" 3075
3.2. 1° "A" 2864 1.
3.2.1. "A" 2864 1.1. S/Com. "A" 3075
3.2.2. "A" 2864 1.2.
3.2.3. "A" 2864 1.3.
3.2.4. "A" 2864 1.4.
3.2.5. "B" 6348 S/Com. "A" 3075
3.2. last. "A" 3075
3.3. "A" 2602
3.3.1. "A" 2602 1. S/Com. "A" 3075
3.3.2. "A" 2602 unique 3.
3.3.3. 1° "A" 2602 unique 2. 3°
2° "A" 2602 unique 2.3.
3.
3.3.4. "A" 2602 unique 2.1.

B.C.R.A.
ORIGIN OF THE PROVISIONS INCLUDED IN THE ORDERED TEXT ON REGULATION OF THE BANK CURRENT ACCOUNT

2.1. Credits.
2.1.1. By counter or ATM deposits.
When receipts are used, they must contain, at a minimum, the following data:
2.1.1.1. Name of the cooperative credit union.
2.1.1.2. First and last name or legal name of the holder and account number.
2.1.1.3. Amount deposited.
2.1.1.4. Place and date.
2.1.1.5. When it comes to deposits of bills of exchange, checks and/or official nominative payment orders, the name of the cooperative credit union and/or drawee entity and the amount of each of the deposited documents.
2.1.1.6. Stamp of the receiving house, unless mechanized security documents are used.
Regarding the carrying out of operations through ATMs, cooperative credit unions must have implemented computer security mechanisms that guarantee the genuineness of the operations.

2.1.2. Through transfers -including electronic-, telephone orders, via "Internet", etc.
Cooperative credit unions must have implemented computer security mechanisms that guarantee the genuineness of the operations.

2.1.3. By internal credits.
2.1.4. Others.
Except when deposit receipts are used, cooperative credit unions must issue the pertinent record with the essential data of the operation, regardless of the means used.

2.2. Debits.
2.2.1. By payment of bills of exchange. Debits for the sale of "counter bills of exchange" will be contemplated.

2.2.2. Transfers, which must be ordered by the holder, regardless of their form -personal, electronic, telephone, via "Internet", etc.-.

DEMAND ACCOUNTS OPENED IN COOPERATIVE CREDIT UNIONS B.C.R.A.
Section 2. Movement of accounts.
Version: 2nd COMMUNICATION "A" 4936
Validity:
28/04/2009

Sec. Point Para. Comm. Annex Sec. Point Para.
1.1. "A" 4713 Unique 1. 1.1.
1.2. "A" 4713 Unique 1. 1.2.
1.3. "A" 4713 Unique 1. 1.3.
1.4. "A" 4713 Unique 1. 1.4.
1.
1.5. "A" 4713 Unique 1. 1.5.
2.1. "A" 4713 Unique 2. 2.1. S/Com. "A" 4936.
2.2. "A" 4713 Unique 2. 2.2.
2.3. "A" 4713 Unique 2. 2.3.
2.
2.4. "A" 4713 Unique 2. 2.4.
3.1. "A" 4713 Unique 3. 3.1.
3.
3.2. "A" 4713 Unique 3. 3.2.
4.1. "A" 4713 Unique 4. 4.1. S/ Com. "A" 4755 and 4889.
4.
4.2. "A" 4713 Unique 4. 4.2.
5.1. "A" 4713 Unique 5. 5.1.
5. 5.2. "A" 4713 Unique 5. 5.2.
5.3. "A" 4713 Unique 5. 5.3.
6.1. "A" 4713 Unique 6. 6.1.
6. 6.2. "A" 4713 Unique 6. 6.2..
6.3. "A" 4713 Unique 6. 6.3.
7.1. "A" 4713 Unique 7. 7.1.
7.2. "A" 4713 Unique 7. 7.2.
7.3. "A" 4713 Unique 7. 7.3.
7.4. "A" 4713 Unique 7. 7.4.
7.5. "A" 4713 Unique 7. 7.5.
7.6. "A" 4713 Unique 7. 7.6.
7.7. "A" 4713 Unique 7. 7.7.
7.8. "A" 4713 Unique 7. 7.8.
7.
7.9. "A" 4713 Unique 7. 7.9.
8.1. "A" 4713 Unique 8. 8.1.
8.2. "A" 4713 Unique 8. 8.2.
8.3. "A" 4713 Unique 8. 8.3.
8.
8.4. "A" 4713 Unique 8. 8.4.
9.1. "A" 4713 Unique 9. 9.1.
9.
9.2. "A" 4713 Unique 9. 9.2.
10.1. "A" 4713 Unique 10. 10.1.
10.2. "A" 4713 Unique 10. 10.2.
10.3. "A" 4713 Unique 10. 10.3.
10.4. "A" 4713 Unique 10. 10.4.
10.5. "A" 4713 Unique 10. 10.5.
10.
10.6. "A" 4713 Unique 10. 10.6.

B.C.R.A.
ORIGIN OF THE PROVISIONS INCLUDED IN THE ORDERED TEXT ON "DEMAND ACCOUNTS OPENED IN COOPERATIVE CREDIT UNIONS"