RegAlert

Rule · BCRA · 16 Oct 1987 · A 1101

Circular Passive Operations - OPASI 1 - 98. Remuneration of capital invested in acceptances

monetary

The Central Bank of the Republic Argentina clarifies that the remuneration rate for capital invested in acceptances of non-adjustable documents, when intermediated by financial entities listed in Annex V to Communication A 865, cannot exceed the passive rate determined based on the Central Bank's daily survey for the third business day immediately preceding the effective date of the operation. This rule applies specifically to the financial entities included in the referenced annex.

ArgentinaBanco Central de la Republica Argentina

CENTRAL BANK OF THE ARGENTINE REPUBLIC COMMUNICATION "A" 1101 16/10/87 TO FINANCIAL ENTITIES:
Ref.: CIRCULAR PASSIVE OPERATIONS - OPASI - 1 -
98. Remuneration of capital invested in acceptances.

We address you to clarify that the remuneration rate for capital invested in "acceptances" of non-adjustable documents, when intermediated by financial entities included in Annex V to Communication "A" 865, shall not exceed the passive rate determined based on the daily survey of the Central Bank, corresponding to the third business day immediately preceding the date of the effective implementation of the operation.

We salute you very attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC Alfredo A. Besio Manager of Standards for Financial Entities Julio A. Piekarz Deputy General Manager

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Circular Monetary RegulationsREMON 1-291, Active Operations OP…1986 · BCRACircular Monetary Regulations REMON 1-291, Active Operations OPRAC 1-119, Passive Operations OPASI 1-76, and Norms for Regulated and Unregulated Rates (1986-03-31)Circular Passive Operations -OPASI 1 - 98. Remuneration of…1987-10-16 · this documentCircular Passive Operations - OPASI 1 - 98. Remuneration of capital invested in acceptances (1987-10-16)
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