Circular OPRAC 1-1282 Credit Management. Adjustments.

"Year of the Reconstruction of the Argentine Nation" COMMUNICATION "A" 8243 15/05/2025 TO FINANCIAL ENTITIES:
Ref.: Circular
OPRAC 1-1282:
Credit Management. Adjustments.
___________________________________________________________________________ We address you to inform you that this Institution has adopted the resolution that, in its pertinent part, establishes:

"- To dispose that loans arranged between financial entities may be cancelled before their maturity, within the framework of Section 4 of the consolidated text on Credit Management."

In this regard, we provide you with the sheets that, in replacement of those previously provided, must be incorporated into the consolidated text of the reference. In this sense, we remind you that on this Institution's website www.bcra.gob.ar, by accessing "Financial System - LEGAL AND REGULATORY FRAMEWORK - Regulations and summaries - Consolidated texts of general regulations", the modifications made with texts highlighted in special characters (strikethrough and bold) will be found.

We salute you attentively.
CENTRAL BANK OF THE ARGENTINE REPUBLIC María N. Prieto Mazzucco Marina Ongaro Deputy Manager of Monetary Regulations and Active Operations Deputy General Manager of Financial Regulation

ANNEX

4.1. Conditions.
Loans between financial entities must be arranged for fixed terms. Loan operations between financial entities instrumented with the guarantee of Guaranteed Loans -issued under Decree 1387/01-, National Public Securities not considered for swap operations with this Institution, and which are admitted according to the information supplied in the Electronic Operations System (SIOPEL) - VELI Wheel of the Electronic Open Market (MAE) and monetary regulation instruments of the Central Bank, will have a minimum term of 7 calendar days. Loan operations with guarantee or assignment of credit portfolios to the financial entity with liability for the assignor, must comply with all the conditions provided for the use of additional margins of tranches I and II referred to in point 2.3.1.4 of the Consolidated Text on Large Credit Exposures.

4.2. Application of Value Added Tax.
For the purposes of applying the Value Added Tax (Decree 295/95), the mention of other "Loans between Financial Entities" covered by the exemption established by paragraph 1 of point 17 of clause j of article 6 of the law creating that tax, comprises the financings that these intermediaries arrange among themselves, regardless of their modality or term, including all portfolio assignments, with or without liability for the assignor.

B.C.R.A. CREDIT MANAGEMENT
Section 4. Interfinancial Loans.
Version: 8th COMMUNICATION "A" 8243 Validity:
16/05/2025 Page 1

CREDIT MANAGEMENT
CONSOLIDATED TEXT ORIGIN NORM OBSERVATIONS Sec. Point Para. Com. Annex Ch. Sec. Point Para.
1.2.7. "A" 3051 Sub-Comm. "A" 6978.
1.2.8.1. "A" 2573 I Sub-Comm. "A" 5520, 6334 and
6639.
1.2.8.2. "A" 2573 II Sub-Comm. "A" 5520, 6167,
6334, 6639 and 7944.
1.2.9. i) "A" 2573 1. 9° Sub-Comm. "A" 6639.
ii) "A" 2573 1. 10° Sub-Comm. "A" 6851 and 7443. Last. "A" 2573 1. 11° Sub-Comm. "A" 6851 and 7443.
1.2.10. "A" 2573 1. 12° Sub-Comm. "A" 6167 and 7944.
1.3.1. 1° "A" 2373 3. 1°
2° "B" 5902 9. Sub-Comm. "A" 6639.
1.3.2. "A" 2373
"B" 5902
3.
2.
1° and 2°
1.3.3. 1° "A" 2373 3. 3° Sub-Comm. "A" 3051.
2° "A" 3051
3° "B" 5902 6.
4° "A" 3051
1.3.4. 1° "B" 5902 1. 1° and 2°
2° "B" 5902 1. 2°
3° "B" 5902 1. 3°
1.3.5. "B" 5902 1. 4°
1.3.6.1. "A" 2989 5. 5.1.
1.3.6.2. "A" 2989 5. 5.2.1.5.
1.3.7. "A" 2373 3. 4°, 5° and
6°
Sub-Comm. "A" 6167 and 7944.
1.4. 1° "A" 2102 1.
2° "A" 2102 2.
1.5. "A" 2814 3. 3.1. Sub-Comm. "A" 3051 and 5223.
1.6. "A" 2412 Sub-Comm. "A" 5671, 5740 and
6639.
1.7.1. "A" 2308 Sub-Comm. "A" 3918 and 4559.
1.7.2. "A" 2177 3.
1.8. "A" 5593 6. Sub-Comm. "A" 7146.
1.9. "A" 5998 1. Sub-Comm. "A" 6528.
2.
2.1. "A" 49 I 3.2.1. 1°
2.2. 1° "A" 49 I 3.2.1. 2°
2° "A" 2729 7. 7.2.1. 2° Sub-Comm. "B" 9074.
2.3. "A" 476 4.
3.
3.1. "A" 1465 I 2.
3.2.1. "A" 1465 I 2. Sub-Comm. "A" 2275.
3.2.2. "A" 2275 2.3.
3.2.3. "A" 2275 2.1.
3.3. "A" 1465 I 2.2. Sub-Comm. "A" 2275.
4.
4.1. "A" 431 Sub-Comm. "A" 4817, 4876,
4972, 5520, 6639 and 8243.
4.2. "A" 2322