Circular OPASI 2 - 471: Application of the Deposit Guarantee Insurance System. Update.

“2015 - YEAR OF THE BICENTENNIAL OF THE CONGRESS OF THE FREE PEOPLES” COMMUNICATION “A” 5720 27/02/2015 TO FINANCIAL ENTITIES:
Ref.: Circular
OPASI 2 - 471
Application of the deposit guarantee insurance system. Update. ______ We address you to deliver to you attached the sheets that, in replacement of those previously provided, must be incorporated into the ordered text of the referenced regulations, for the purpose of updating them in accordance with point 3 of the resolution made known through Communication “A” 5710. Furthermore, it is recalled that on the website of this Institution www.bcra.gob.ar, by accessing “regulations” (“ordered texts”), the modifications made with text highlighted in special characters (strikethrough and bold) will be found. We greet you sincerely. CENTRAL BANK OF THE ARGENTINE REPUBLIC Enrique C. Martin Matías A. Gutiérrez Girault Deputy Manager of Issuance of Regulations Manager of Issuance of Regulations
ANNEX

3.3.2. Assets computable to determine the minimum required capital, weighted as established in the regulations on “Minimum capitals of financial entities”, with respect to total assets.
The additional contribution resulting from the application of the aforementioned factors shall not exceed the normal contribution.
4. Integration of contributions.
The normal, additional, and advance contributions shall be debited from the current accounts of the entities opened at the Central Bank of the Argentine Republic no later than the fifth business day of the month to which they correspond. In the event that updated information is not available to establish the pertinent calculation base, the amount shall be determined based on the last available data, increasing the obtained base by 10%.
5. Scope of the guarantee.
5.1. Deposits covered.
The deposits in pesos and foreign currency constituted in participating entities in the form of:
5.1.1. Current account.
5.1.2. Demand account opened in Cooperative Credit Boxes.
5.1.3. Savings account.
5.1.4. Fixed-term deposit.
5.1.5. Salary/social security account, basic, universal free, and special accounts.
5.1.6. Term investments.
5.1.7. Immobilized balances arising from the preceding concepts.
5.2. Exclusions.
5.2.1. Transferable fixed-term deposits whose ownership has been acquired by way of endorsement, even if the last endorsee is the original depositor.
5.2.2. Deposits that offer incentives or remuneration different from the interest rate and, where applicable, the amount accrued by applying the “CER”, regardless of the denomination or modality adopted (insurance, lotteries, tourism, provision of services, etc.).
Version: 11th COMMUNICATION “A” 5720 Validity:
01/03/2015
B.C.R.A. APPLICATION OF THE DEPOSIT GUARANTEE INSURANCE SYSTEM

B.C.R.A.
ORIGIN OF THE PROVISIONS CONTAINED
IN THE ORDERED TEXT OF THE REGULATIONS ON “APPLICATION OF THE DEPOSIT GUARANTEE INSURANCE SYSTEM” ORDERED TEXT ORIGINATING NORM Point Paragraph Com. Annex Point Paragraph OBSERVATIONS
1. “A” 2337 I 1. 1° and 2°
1° “A” 2337 I 2. 1° S/Dec. 1292/96, Com. “A” 2807, 3358, 4206, 4271 and 5641. 2° “A” 5710 1. 2. 3° “A” 2337 I 2. 2° S/Dec. 1292/96.
3. 1° “A” 2337 I 3. 1°
3.1. “A” 2337 I 3.1.
3.2. “A” 2337 I 3.2.
3.3. “A” 2337 I 3.3.
3.3.1. “A” 2337 I 3.3.1.
3.3.2. “A” 2337 I 3.3.2.
3. 2° “A” 2337 I 3. 2°
1° “A” 2337 I 4. 2° and 3° S/Com. “B” 5806 (8th paragraph), “A” 3068, 5710 and 5720. 4. 2° “A” 2337 I 4. 4°
5. “A” 2337 I 6.
5.1. 1° “A” 2337 I 6.1. 1°
5.1.1. “A” 2337 I 6.1. i)
5.1.2. “A” 5108
5.1.3. “A” 2337 I 6.1. ii)
5.1.4. “A” 2337 I 6.1. iii)
5.1.5. “A” 2337 I 6.1. iv) S/Com. “A” 5091, 5108, 5164
and 5234.
5.1.6. “A” 2482 1. 2°
5.1.7. “B” 5806 3° S/Com. “A” 2807.
5.2. “A” 2337 I 6.4. S/Com. “A” 2399.
5.2.1. “A” 2337 I 6.4.1. S/Com. “A” 2399.
5.2.2. “A” 2337 I 6.4.2. S/Com. “A” 2399, 4681 and
4874.
5.2.3. “A” 2337 I 6.3. S/Com. “A” 2777, 3358, 5108
5234, 5640 and 5654. Includes interpretative clarification.
5.2.4. “A” 2337 IV S/Dec. 540/95, art. 12, item c)
5.2.5. “A” 2337 I 6.2. S/ Com. “A” 5520.
5.2.6. “A” 2337 IV S/Dec. 540/95, art. 12, item c)
5.2.7. “A” 2807 5.2.7.
5.3. “A” 2337 I 6. S/Dec. 540/95.
5.3.1. “A” 2337 I 6.5. S/Com. “A” 4681, 5170 and
5641.
5.3.2. “A” 2337 I 6.7. 1° S/Dec. 540/95 and Com. “A”
5170 and 5641.
5.3.3. “A” 2337 I 6.7. 2° S/Dec. 540/95 and Com. “A”
5170 and 5641.
5.3.4. “A” 2337 I 6.8. S/Dec. 540/95.
5.3.5. “A” 2337 I 6.9.