Regulatory Alerts2026-09-04 | A 8475Added
Circular REMON 1-1152: Placement of Funds from the Sustainability Guarantee Fund in Financial Entities. UVA Fixed-Term Deposits for Mortgage Credits for Housing
The Central Bank of the Republic Argentina (BCRA) organizes and executes auctions for UVA fixed-term deposits totaling $2,000,000,000,000, with funds exclusively allocated to granting mortgage credits for the purchase, construction, or improvement of primary residences. Eligible financial entities must meet a minimum BBB local long-term risk rating and adhere to strict limits on credit amounts (150,000 UVA), terms (minimum 15 years), and maximum interest rates (UVA plus 7.50% TNA). Adjudicated entities must deposit funds within two business days and face immediate repayment and exclusion from future auctions in case of non-compliance.