Circular REMON 1-1145: Minimum Cash Requirements. Adjustments.

. “Year of the Reconstruction of the Argentine Nation” “Year of the Reconstruction of the Argentine Nation” .

COMMUNICATION “A” 8355 20/11/2025
TO FINANCIAL ENTITIES:
Ref.: Circular
REMON 1-1145:
Minimum Cash. Adjustments.
___________________________________________________________________________ We address you to inform you that this Institution has adopted the resolution which, in its pertinent part, establishes:
“1- To repeal, effective as of 01/12/25, the additional requirement of 3.5 (three point five) percentage points established by item 1 of Communication A 8306 for demand deposits provided in items 1.3.1.1., 1.3.2.1. and 1.3.3.1. of the consolidated text on Minimum Cash, for judicial demand deposits (item 1.3.7.1) and peso-denominated demand deposits, as well as term investments with early cancellation option exercisable from the day the investor can exercise that option, which constitute the assets of common money market funds (money market), and for reverse repos and stock exchange collateral received (reverse), both in pesos, provided in items 1.3.12. and 1.3.13.1, respectively. 2- To increase, effective as of 01/12/25, for the peso-denominated obligations mentioned in the preceding item, the possibility of integrating up to 3.5 (three point five) percentage points of the requirement with public bonds provided in item 1.3.17. of the consolidated text on Minimum Cash acquired through primary subscription as of 25/08/25 and having a term at the time of subscription of no less than 60 (sixty) days. 3- To establish, effective as of 01/12/25, that the minimum daily integration established by item 2 of Communication A 8350 shall not be less than 75% (seventy-five percent). 4- To provide that for the integration proportion with peso-denominated public bonds admitted for all financial entities in the last paragraph of item 4 of Communication A 8302, public bonds provided in item 1.3.17. of the consolidated text on Minimum Cash acquired through primary subscription as of the date of this communication and having a term at the time of subscription of no less than 60 (sixty) days may also be applied. 5- To extend until 31/03/26 the additional requirement of 5 (five) percentage points established in the first paragraph of item 4 of Communication A 8302, applicable to financial entities in group A and branches or subsidiaries of G-SIB not included in that group, to demand deposits provided in items 1.3.1.1., 1.3.2.1. and 1.3.3.1. of the consolidated text on Minimum Cash, to peso-denominated demand deposits, as well as term investments with early cancellation option exercisable from the day the investor can exercise that option, which constitute the assets of common money market funds (money market), and reverse repos and stock exchange collateral received (reverse), both in pesos, provided in items 1.3.12. and 1.3.13.1., respectively. This additional requirement may be integrated with the instruments mentioned in the second paragraph of the aforementioned item 4. and also with public bonds provided in item 1.3.17. of the consolidated text on Minimum Cash acquired through primary subscription as of the date of this communication and having a term at the time of subscription of no less than 60 (sixty) days.

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This extension will not affect the calculation of the average and minimum daily requirements for November.”
Furthermore, we inform you that we will subsequently deliver the sheets which, in replacement of those previously provided, shall be incorporated into the consolidated reference text.
We salute you attentively.
BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Darío C. Stefanelli Marina Ongaro
Gerente Principal de Emisión y Aplicaciones Normativas Subgerenta General de Regulación Financiera