Circular REMON 1-785 / OPRAC 1-571: Minimum Cash. Regime for Applying Lending Capacity of Foreign Currency Deposits. Modifications. — BCRA — AR

“2004 - Year of the Argentine Antarctic”

CENTRAL BANK OF THE ARGENTINE REPUBLIC
COMMUNICATION “A” 4147 28/05/2004

TO FINANCIAL ENTITIES:

Ref.: Circular
REMON 1 - 785
OPRAC 1 - 571

Minimum Cash. Regime for the application of the lending capacity of foreign currency deposits. Modifications.

We address you to inform you that this Institution has adopted the following resolution:

“1. Replace, effective from 1.6.04, point 1.3. of Section 1. of the norms on “Minimum Cash”, with the following:

“1.3. Minimum Cash.
The minimum cash amounts resulting from applying the following rates shall be integrated:

Concept Rate
In %

1.3.6. Demand placements - regardless of the deposit form - that, as a minimum, must constitute the credit balance of common investment funds (in accordance with what is provided in the Norms of the National Securities Commission). 80
1.3.7. Deposits in current accounts of non-banking financial entities, computable for the integration of their minimum cash. 100
1.3.8. Fixed-term deposits, obligations for “acceptances” - including liabilities for the sale or assignment of credits to subjects other than financial entities -, passive repos, guarantees and passive stock market repos, investments for a fixed term, with option for early cancellation or renewal for a determined term and with variable remuneration, and other term obligations, with the exception of deposits included in point 1.3.12., according to their residual term:
i) Up to 29 days. 18 ii) From 30 to 59 days. 14 iii) From 60 to 89 days. 10 iv) From 90 to 179 days. 5 v) From 180 to 365 days. 3 vi) More than 365 days. 0

1.3.12. Demand and fixed-term deposits carried out by court order with funds originating in the cases in which they intervene, and their immobilized balances. 10
1.3.13. Special accounts in US dollars destined for the deposit of guarantees required in futures and options operations conducted in self-regulated markets subject to the control of the National Securities Commission. 100
1.3.14. Special demand accounts in foreign currency. 100”

Replace, effective from 1.8.04, point 1.3. of Section 1. of the norms on “Minimum Cash”, with the following:

“1.3. Minimum Cash.
The minimum cash amounts resulting from applying the following rates shall be integrated:

Concept Rate
In %

1.3.1. Current account deposits. 18
1.3.2. Savings account deposits.
1.3.2.1. In pesos. 18
1.3.2.2. In foreign currency. 30
1.3.3. Usura pupilares, special accounts for closed circles, “Unemployment Fund for Construction Industry Workers”, “Payment of Remuneration”, special current accounts for legal entities and pension savings accounts.
1.3.3.1. In pesos. 18
1.3.3.2. In foreign currency. 30
1.3.4. Other demand deposits and obligations, pension benefits credited by ANSES pending cashing, and immobilized balances corresponding to obligations included in these norms.
1.3.4.1. In pesos. 18
1.3.4.2. In foreign currency. 30
1.3.5. Unused balances of formalized current account advances. 18

1.3.6. Demand placements - regardless of the deposit form - that, as a minimum, must constitute the credit balance of common investment funds (in accordance with what is provided in the Norms of the National Securities Commission). 100
1.3.7. Deposits in current accounts of non-banking financial entities, computable for the integration of their minimum cash. 100
1.3.8. Fixed-term deposits, obligations for “acceptances” - including liabilities for the sale or assignment of credits to subjects other than financial entities -, passive repos, guarantees and passive stock market repos, investments for a fixed term, with option for early cancellation or renewal for a determined term and with variable remuneration, and other term obligations, with the exception of deposits included in points 1.3.12. and 1.3.15., according to their residual term:
1.3.8.1. In pesos.
i) Up to 29 days. 18 ii) From 30 to 59 days. 14 iii) From 60 to 89 days. 10 iv) From 90 to 179 days. 5 v) From 180 to 365 days. 3 vi) More than 365 days. 0

In pesos. i) Up to 29 days. 18 ii) From 30 to 59 days. 14 iii) From 60 to 89 days. 10 iv) From 90 to 179 days. 5 v) From 180 to 365 days. 3 vi) More than 365 days. 0 In foreign currency. i) Up to 29 days. 35 ii) From 30 to 59 days. 28 iii) From 60 to 89 days. 20 iv) From 90 to 179 days. 10 v) From 180 to 365 days. 6 vi) More than 365 days. 0 b) Others. 0
1.3.11. Obligations with the Fiduciary Fund for Assistance to Financial and Insurance Entities. 0
1.3.12. Demand and fixed-term deposits carried out by court order with funds originating in the cases in which they intervene, and their immobilized balances.
1.3.12.1. In pesos. 10
1.3.12.2. In foreign currency. 15
1.3.13. Special accounts in US dollars destined for the deposit of guarantees required in futures and options operations conducted in self-regulated markets subject to the control of the National Securities Commission. 100
1.3.14. Special demand accounts in foreign currency. 100
1.3.15. Deposits - regardless of their modality - that constitute the credit balance of common investment funds (except those included in point 1.3.6.).
1.3.15.1. In pesos. 25
1.3.15.2. In foreign currency. 40”

Incorporate, effective from 1.6.04, in Section 2. of the norms on “Minimum Cash” the following points:

“2.4. Remuneration of balances of peso accounts opened at the Central Bank.
Interest shall be recognized on the monthly average of the daily balances of current accounts and special guarantee accounts in favor of electronic clearing chambers and for the coverage of the settlement of credit card and ATM operations (considered together), without exceeding the greater of the amounts resulting from comparing the result of the following procedure:
2.4.1. Monthly net minimum cash requirement in pesos net of the integration carried out through the admitted concepts of points 2.1.1. and 2.1.5. to 2.1.8.
2.4.2. Net daily minimum integration requirement net of the integration carried out through the admitted concepts of points 2.1.5., 2.1.7. and 2.1.8.

Interest shall accrue at the rate that is set and which will be transmitted through the Foreign Exchange and Open Market Operations Desk. In case of modifications during the same month, the weighted average rate based on the number of calendar days of validity in the period shall be used. Amounts shall be credited to the corresponding accounts within 5 business days of the validation of the presentation of the relevant information regime.

2.5. Remuneration of balances of minimum cash accounts opened at the Central Bank in foreign currency.
Interest shall be recognized on the monthly average of these accounts - point 2.1.3.-, without exceeding the greater of the amounts resulting from comparing the result of the following procedure increased, in both cases, by 50%:
2.5.1. Minimum cash requirement in the corresponding foreign currency without considering the defect of application of resources in the corresponding foreign currency. To this requirement, the integration carried out through the admitted concepts of points 2.1.1. and 2.1.6. shall be deducted in the corresponding proportion.
For the purpose of determining the proportion to be attributed, the percentage resulting from comparing the requirement on deposits with respect to the total requirement (which includes, if any, the defect of application of resources in the corresponding foreign currency) shall be considered.
2.5.2. Net daily minimum integration requirement net of the integration carried out through the admitted concepts of points 2.1.1. and 2.1.6.

Interest shall accrue at the rate that is set and which will be transmitted through the Foreign Exchange and Open Market Operations Desk. In case of modifications during the same month, the weighted average rate based on the number of calendar days of validity in the period shall be used. The settlement shall be carried out considering each foreign currency account and the requirements on the respective deposits separately. Amounts shall be credited to the corresponding accounts within 5 business days of the validation of the presentation of the relevant information regime.”

Replace, effective from 1.6.04, points 2.1.2., 2.1.3. and 2.1.4. of Section 2. of the norms on “Minimum Cash” with the following:

“2.1.2. Current accounts of financial entities opened at the Central Bank in pesos.
2.1.3. Minimum Cash accounts of financial entities opened at the Central Bank in US dollars or other foreign currencies.
2.1.4. Special guarantee accounts in favor of electronic clearing chambers and for the coverage of the settlement of credit card and ATM operations.
They shall be considered, even if the balances are affected as guarantee for electronic clearing and settlement and deposited in their name, on behalf of the respective entity, in special peso accounts at the Central Bank of the Argentine Republic.”

Establish, effective from 1.6.04, that the application of the lending capacity of foreign currency deposits shall be carried out in the same currency as the collection.”

We send you attached the update of the regime for the application of the lending capacity in foreign currency (Annex I to Communication “A” 4140) and the sheets that, in replacement of those previously provided, correspond to be incorporated into the ordered text of the norms on “Minimum Cash”.

We salute you very respectfully.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
Alfredo A. Besio José Rutman
Manager of Standards Issuance Principal Manager of Standards

ANNEX

B.C.R.A.
APPLICATION OF THE LENDING CAPACITY OF FOREIGN CURRENCY DEPOSITS
Annex to
Comm. “A”
4147

“1. Establish that the lending capacity arising from deposits constituted in foreign currency shall be applied, taking into consideration the currency collected, indistinctly, to the following destinations:
1.1. Pre-financing and financing of exports carried out directly or through agents, consignees or other intermediaries acting on behalf and order of the owner of the goods, in accordance with what is provided in Communication “A” 3818.
1.2. Financing granted to producers or processors of goods, provided they have firm sales contracts for the merchandise to be produced to an exporter, with price fixed in foreign currency and it concerns fungible goods that have quotation, in foreign currency, normal and habitual in local or international markets, of wide dissemination and easy access to public knowledge.
1.3. Financing to producers of goods to be exported, either in the same state or as an integral part of other goods, by third-party acquirers thereof, provided they have total guarantees in foreign currency from said third parties.
1.4. Debt titles or certificates of participation in financial trusts - including other specifically recognized collection rights in the trust contract to be constituted within the framework of “BID Loan Nº1192/OC-AR” - whose underlying assets are constituted by loans originated in financial entities under the conditions referred to in points 1.1. to 1.3.
As an exception, attribution of up to 10% of the lending capacity is also admitted for financing that has other destinations, different from those mentioned above, included in the credit program referred to in that loan from the Inter-American Development Bank.
1.5. Inter-financial loans.
Entities must identify the inter-financial loans granted with these resources.
1.6. Bills of the Central Bank of the Argentine Republic in US dollars, acquired in auctions or through secondary negotiation.
Entities must verify that the financing agreed upon and the maturities established maintain a relationship with the expected income flow in the currency of granting the loans. Loans granted must be settled in the Single and Free Foreign Exchange Market.

The lending capacity shall be determined for each foreign currency collected and will result from the sum of foreign currency deposits and received inter-financial loans, which have been identified by the granting financial entity as coming from its lending capacity of deposits of that kind, net of the deduction of the minimum cash requirement on the deposits. Defects in application will be subject to an equivalent increase in the minimum cash requirement in the respective foreign currency.”

B.C.R.A. ORDERED TEXT OF THE NORMS ON “MINIMUM CASH” Version: 14th COMMUNICATION “A” 4147 Validity:
01/06/2004

-Index
Section 1. Requirement.
1.1. Obligations included.
1.2. Application base.
1.3. Minimum Cash.
1.4. Residual term.
1.5. Point increases in requirement due to liability concentration.
1.6. Transfers.
1.7. Defect of application of resources in foreign currency.
Section 2. Integration.
2.1. Admitted concepts.
2.2. Computation.
2.3. Daily minimum integration.
2.4. Remuneration of balances of peso accounts opened at the Central Bank.
2.5. Remuneration of balances of minimum cash accounts opened at the Central Bank in foreign currency.
Section 3. Non-compliance.
3.1. Charge.
3.2. Framing programs.
3.3. Regularization and sanitation plans.
Section 4. Compliance base for the norms.
4.1. Individual base.
Section 5. Responsible parties and sanctions.
5.1. Responsible for liquidity policy.
5.2. Responsibilities.
5.3. Sanctions.
Section 6. Transitional provisions.
6.1. Daily minimum integration of minimum cash in foreign currency.
Correlation table.

MINIMUM CASH B.C.R.A.
Section 1. Requirement.
Version: 18th COMMUNICATION “A” 4147
Validity:
01/06/2004

1.3. Minimum Cash.
The minimum cash amounts resulting from applying the following rates shall be integrated:

Concept Rate
In %

1.3.1. Current account deposits. 18
1.3.2. Savings account deposits.
1.3.2.1. In pesos. 18
1.3.2.2. In foreign currency. 20
1.3.3. Usura pupilares, special accounts for closed circles, “Unemployment Fund for Construction Industry Workers”, “Payment of Remuneration”, special current accounts for legal entities and pension savings accounts.
1.3.3.1. In pesos. 18
1.3.3.2. In foreign currency. 20
1.3.4. Other demand deposits and obligations, pension benefits credited by ANSES pending cashing, and immobilized balances corresponding to obligations included in these norms.
1.3.4.1. In pesos. 18
1.3.4.2. In foreign currency. 20
1.3.5. Unused balances of formalized current account advances. 18
1.3.6. Demand placements - regardless of the deposit form - that, as a minimum, must constitute the credit balance of common investment funds (in accordance with what is provided in the Norms of the National Securities Commission). 80
1.3.7. Deposits in current accounts of non-banking financial entities, computable for the integration of their minimum cash. 100
1.3.8. Fixed-term deposits, obligations for “acceptances” - including liabilities for the sale or assignment of credits to subjects other than financial entities -, passive repos, guarantees and passive stock market repos, investments for a fixed term, with option for early cancellation or renewal for a determined term and with variable remuneration, and other term obligations, with the exception of deposits included in point 1.3.12., according to their residual term:

MINIMUM CASH B.C.R.A.
Section 1. Requirement.
Version: 18th COMMUNICATION “A” 4147
Validity:
01/06/2004

i) Up to 29 days. 18 ii) From 30 to 59 days. 14 iii) From 60 to 89 days. 10 iv) From 90 to 179 days. 5 v) From 180 to 365 days. 3 vi) More than 365 days. 0

Deposits with “CER” clause and those included in the “Deposit Reprogramming Regime” are included in this point - without excluding those reached according to point 6.5., in their entirety or partially if appropriate based on the nature of the judicial decision.
1.3.9. Obligations for foreign financial lines (not instrumented through fixed-term deposits or debt securities to which the requirements provided in points 1.3.8. and 1.3.10. respectively apply). 0
1.3.10. Debt securities (including negotiable obligations).
a) Debt issued from 1.1.02, including those from restructured obligations, according to their residual term:
i) Up to 29 days. 18 ii) From 30 to 59 days. 14 iii) From 60 to 89 days. 10 iv) From 90 to 179 days. 5 v) From 180 to 365 days. 3 vi) More than 365 days. 0 b) Others. 0
1.3.11. Obligations with the Fiduciary Fund for Assistance to Financial and Insurance Entities. 0
1.3.12. Demand and fixed-term deposits carried out by court order with funds originating in the cases in which they intervene, and their immobilized balances. 10
1.3.13. Special accounts in US dollars destined for the deposit of guarantees required in futures and options operations conducted in self-regulated markets subject to the control of the National Securities Commission. 100
1.3.14. Special demand accounts in foreign currency. 100
1.4. Residual term.
1.4.1. Determination.

MINIMUM CASH B.C.R.A.
Section 1. Requirement.
Version: 3rd COMMUNICATION “A” 4147
Validity:
01/06/2004

1.7. Defect of application of resources in foreign currency.
The defect of application of resources corresponding to foreign currency deposits that is determined in a month shall be computed by an equivalent amount in the calculation of the minimum cash requirement of that same period of the respective currency.

MINIMUM CASH B.C.R.A.
Section 2. Integration.
Version: 6th Communication "A" 4147
Validity:
01/06/2004

2.1. Admitted concepts.
The integration shall be carried out in the same currency that corresponds to the requirement.
2.1.1. Cash.
It includes banknotes and coins maintained in the entity's offices and in custody at other financial entities.
2.1.2. Current accounts of financial entities opened at the Central Bank in pesos.
2.1.3. Minimum Cash accounts of financial entities opened at the Central Bank in US dollars or other foreign currencies.
2.1.4. Special guarantee accounts in favor of electronic clearing chambers and for the coverage of the settlement of credit card and ATM operations.
They shall be considered, even if the balances are affected as guarantee for electronic clearing and settlement and deposited in their name, on behalf of the respective entity, in special peso accounts at the Central Bank of the Argentine Republic.
2.1.5. Current accounts of non-banking financial entities.
Opened at commercial banks for the integration of the minimum cash requirement.
2.1.6. Cash in transit and in cash-in-transit companies.
It includes banknotes and coins in transit within the country from or to another financial entity or between offices of the same entity or in the possession of cash-in-transit companies located in the country.
2.1.7. Special guarantee accounts for check cancellation operations, at the Central Bank.
They shall be considered, even if the balances are affected as guarantee for check cancellation operations.
2.1.8. Special current accounts opened at the Central Bank linked to the attention of pension benefits under the National Social Security Administration.”

MINIMUM CASH B.C.R.A.
Section 2. Integration.
Version: 7th. COMMUNICATION “A” 4147
Validity:
01/06/2004

2.2. Calculation.
The compliance with the integration of the minimum cash will be measured based on the monthly average of daily balances of the concepts admitted for this purpose, registered during the same month to which the minimum cash corresponds, dividing the sum of said balances by the total number of days in the period. On days when no movement is registered, the balance corresponding to the immediately preceding business day must be repeated. In the case of current accounts opened in commercial banks by non-bank entities, the balances reflected in the account summaries will be taken into account.

2.3. Minimum daily integration.
On no day of the month will the sum of the balances of the concepts admitted as integration referred to in points 2.1.2. to 2.1.5., 2.1.7. and 2.1.8., registered at the close of each day, be less than 50% of the total minimum cash requirement, determined for the immediately preceding month, recalculated based on the requirements and concepts in effect in the month to which the reserves correspond, without considering the effects of the application of what is provided in point 1.5.1. of Section 1. This daily requirement will be 70% when a deficiency in integration has been registered in the previous calculation period with a monthly average exceeding the admitted transfer margin.

2.4. Remuneration of balances of peso accounts opened at the Central Bank.
Interest will be recognized on the monthly average of the daily balances of the current accounts and special guarantee accounts in favor of the electronic clearing chambers and for the coverage of the settlement of operations with credit cards and in automated teller machines (considered together), without exceeding the greater of the amounts resulting from comparing the result of the following procedure:

2.4.1. Net monthly minimum cash requirement in pesos after the integration carried out through the admitted concepts of points 2.1.1. and 2.1.5. to 2.1.8.

2.4.2. Net minimum daily integration requirement after the integration carried out through the admitted concepts of points 2.1.5., 2.1.7. and 2.1.8.

Interest will accrue at the rate that is set and which will be transmitted through the Foreign Exchange and Open Market Operations Desk. In case of modifications during the same month, the weighted average rate will be used based on the number of calendar days of validity in the period. Amounts will be credited to the corresponding accounts within 5 business days of validating the presentation of the relevant information regime.

MINIMUM CASH B.C.R.A.
Section 2. Integration.
Version: 14th. COMMUNICATION “A” 4147
Validity:
01/06/2004

2.5. Remuneration of balances of minimum cash accounts opened at the Central Bank in foreign currency.
Interest will be recognized on the monthly average of these accounts -point 2.1.3.-, without exceeding the greater of the amounts resulting from comparing the result of the following procedure, increased, in both cases, by 50%:

2.5.1. Minimum monthly cash requirement in the corresponding foreign currency without considering the defect of application of resources in the corresponding foreign currency. To this requirement, the integration carried out through the admitted concepts of points 2.1.1. and 2.1.6. will be deducted, in the corresponding proportion. For the purpose of determining the proportion to be allocated, the percentage resulting from comparing the requirement on deposits with respect to the total requirement (which includes, if any, the defect of application of resources in the corresponding foreign currency) will be considered.

2.5.2. Net minimum daily integration requirement after the integration carried out through the admitted concepts of points 2.1.1. and 2.1.6.

Interest will accrue at the rate that is set and which will be transmitted through the Foreign Exchange and Open Market Operations Desk. In case of modifications during the same month, the weighted average rate will be used based on the number of calendar days of validity in the period. The settlement will be carried out considering each foreign currency account and the requirements on the respective deposits separately. Amounts will be credited to the corresponding accounts within 5 business days of validating the presentation of the relevant information regime.

B.C.R.A.
ORIGIN OF THE PROVISIONS INCLUDED IN THE ORDERED TEXT OF THE RULES ON “MINIMUM CASH”

ORDERED TEXT			ORIGIN RULE				OBSERVATIONS
Sec.	Point	Para.	Comm.	Annex	Sec.	Point	Para.
1.1.	“A” 3274	II	1.	1.1.
1.1.1.	“A” 3274	II	1.	1.1.1.			According to Comm. “A” 3498.
1.1.2.	“A” 3274	II	1.	1.1.2.			According to Comm. “A” 3597.
1.1.3.	“A” 3274	II	1.	1.1.3.			According to Comm. “A” 3498 and “A” 3905.
1.2.	“A” 3274	II	1.	1.2.			According to Comm. “A” 3304, “A” 3498 and “A” 3597.
1.3.	“A” 3274	II	1.	1.3.
1.3.1.	“A” 3274	II	1.	1.3.1.			According to Comm. “A” 3338, “A” 3417, “A” 3498, “A” 3597, “A” 3917, “A” 3967, “A” 4032, “A” 4051 and “A” 4147.
1.3.2.	“A” 3274	II	1.	1.3.2.			According to Comm. “A” 3338, “A” 3417, “A” 3498, “A” 3597, “A” 3917, “A” 3967, “A” 4032, “A” 4051 and “A” 4147.
1.3.3.	“A” 3274	II	1.	1.3.3.			According to Comm. “A” 3338, “A” 3399, “A” 3417, “A” 3498, “A” 3597, “A” 3824, “A” 3917, “A” 3967, “A” 4032, “A” 4051 and “A” 4147.
1.3.4.	“A” 3274	II	1.	1.3.4.			According to Comm. “A” 3338, “A” 3417, “A” 3498, “A” 3597, “A” 3917, “A” 3967, “A” 4032, “A” 4051 and “A” 4147.
1.3.5.	“A” 3274	II	1.	1.3.5.			According to Comm. “A” 3338, “A” 3417, “A” 3498, “A” 3597, “A” 3917, “A” 3967, “A” 4032, “A” 4051 and “A” 4147.
1.3.6.	“A” 3274	II	1.	1.3.6.			According to Comm. “A” 3365, “A” 3498 and “A” 3967.
1.3.7.	“A” 3274	II	1.	1.3.7.
1.3.8.	“A” 3498	único	1.	1.3.8.			According to Comm. “A” 3506 - pt. 2.-, “A” 3549, “A” 3732, “A” 3824, “A” 3905, “A” 3917, “A” 3925, “A” 3967, “A” 4032 and “A” 4140.
1.3.9.	“A” 3498	único	1.	1.3.11.			According to Comm. “A” 3597, “A” 3732 and “A” 4032.
1.3.10.	“A” 3498	único	1.	1.3.12.			According to Comm. “A” 3905, “A” 3917, “A” 3967 and “A” 4032.
1.3.11.	“A” 3549		1.
1.3.12.	“A” 3549		1.
1.3.13.	“A” 3566		5.
1.3.14.	“A” 3583		3.
1.4.	“A” 3905		3.	1.
1.5.	“A” 3274	II	1.	1.5.			According to Comm. “A” 3498.

MINIMUM CASH				ORIGIN RULE				OBSERVATIONS
ORDERED TEXT
Sec.	Point	Para.	Comm.	Annex	Sec.	Point	Para.
1.6.	“A” 3274	II	1.	1.6.
1.6.1.	“A” 3274	II	1.	1.6.1.
1.6.2.	“A” 3274	II	1.	1.6.2.				According to Comm. “A” 3304.
1.
1.7.	“A” 3498	único	1.	1.8.				According to Comm. “A” 4147.
2.1.	“A” 3274	II	2.	2.1.				According to Comm. “A” 3498 and “A” 3597.
2.1.1.	“A” 3274	II	2.	2.1.1.				According to Comm. "A" 3304.
2.1.2.	“A” 3274	II	2.	2.1.2.				According to Comm. “A” 3304, “A” 3498, “A” 4016 and “A” 4147.
2.1.3.	“A” 3498	único	2.	2.1.3.				According to Comm. “A” 4147.
2.1.4.	“A” 3274	II	2.	2.1.3.				According to Comm. “A” 3498 and “A” 4147.
2.1.5.	“A” 3274	II	2.	2.1.4.
2.1.6.	“A” 3311
2.1.7.	“A” 3498	único	2.	2.1.7.
2.1.8.	“A” 4016		1.
2.2.	“A” 3274	II	2.	2.2.				According to Comm. “A” 3498
2.3.	“A” 3365		2.					According to Comm. “A” 3387, 3470, “A” 3498, “A” 3549, “A” 3597, “A” 3732, “A” 3824 and “A” 4016.
2.4.	“A” 4147		3.	2.
2.5.	“A” 4147		3.
3.1.	“A” 3274	II	3.	3.1.
3.1.1.	“A” 3274	II	3.	3.1.1.				According to Comm. “A” 3326, 3365, “A” 3498, “A” 3549 and 3905.
3.1.2.	“A” 3274	II	3.	3.1.2.
3.1.3.	“A” 3274	II	3.	3.1.3.				According to Comm. “A” 3326.
3.1.4.	“A” 3274	II	3.	3.1.4.
3.2.	“A” 3274	II	3.	3.2.
3.2.1.	“A” 3274	II	3.	3.2.2.1.
3.2.2.	“A” 3274	II	3.	3.2.2.2.
3.3.	“A” 3274	II	3.	3.3.				According to Comm. “A” 3498.
3.3.1.	“A” 3274	II	3.	3.3.1.
3.
3.3.2.	“A” 3274	II	3.	3.3.2.
4.	4.1.	“A” 3274	II	4.	4.1.
5.1.	“A” 3274	II	5.	5.1.				According to Comm. “A” 3498.
5.2	“A” 3905		5.
5.
5.3	“A” 3905		5.
6.	6.1.	“A” 3824						According to Comm. “A” 4032.

Lineage: No known changes