Circular REMON 1 - 795: Minimum Cash Requirements Modifications

"2005 - Year of Homage to Antonio Berni" BANCO CENTRAL DE LA REPÚBLICA ARGENTINA COMMUNICATION "A" 4388 15/07/2005 TO FINANCIAL ENTITIES:
Ref.: Circular
REMON 1 - 795
Minimum Cash. Modifications

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

"- Replace, with effect from 1.7.05, point 1.3.12. of Section 1. of the regulations on "Minimum Cash", with the following:

"1.3.12. Demand and fixed-term deposits made by order of the Judiciary with funds originating in the cases in which it intervenes, and their immobilized balances.
1.3.12.1. In pesos. 8
1.3.12.2. In foreign currency. 15"

We send you attached the sheets that, in replacement of those previously provided, should be incorporated into the ordered text of the regulations on "Minimum Cash".

We salute you very respectfully.
BANCO CENTRAL DE LA REPÚBLICA ARGENTINA Ana María Lemmi Alfredo A. Besio Deputy Manager of Issuance of Norms Manager of Issuance of Norms

ANNEX

MINIMUM CASH
B.C.R.A.
Section 1. Requirement.
Version: 13th COMMUNICATION "A" 4388 Validity:
01/07/2005
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 made by order of the Judiciary
with funds originating in the cases in which it intervenes, and their immobilized balances.
1.3.12.1. In pesos. 8
1.3.12.2. In foreign currency. 15
1.3.13. Special accounts in United States dollars intended 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 equity of
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
1.3.16. Special deposits linked to the inflow of funds from abroad

• Decree 616/05. 100
  1.4. Residual term.
  1.4.1. Determination.
  1.4.1.1. General case.
  The residual term of each fixed-term obligation is equivalent to the number of days remaining until its maturity.

B.C.R.A.
ORIGIN OF THE PROVISIONS INCLUDED IN THE ORDERED TEXT OF THE REGULATIONS ON "MINIMUM CASH" ORDERED TEXT ORIGINATING NORM Sec. Point Para. Com. Annex Sec. Point Para. OBSERVATIONS
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, "A" 4147 and "A" 4276.
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, "A" 4147, "A" 4179 and
"A" 4276.
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, "A"
4147, "A" 4179 and "A" 4276.
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, "A" 4147, "A" 4179 and
"A" 4276.
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, "A" 4147 and "A" 4276.
1.3.6. "A" 3274 II 1. 1.3.6. According to Comm. "A" 3365, "A"
3498, "A" 3967 and "A" 4179.
1.3.7. "A" 3274 II 1. 1.3.7.
1.3.8. "A" 3498 unique 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, "A"
4140, "A" 4179, "A" 4276 and
"A" 4360, pt. 3.
1.3.9. "A" 3498 unique 1. 1.3.11. According to Comm. "A" 3597, "A"
3732 and "A" 4032.
1.3.10. "A" 3498 unique 1. 1.3.12. According to Comm. "A" 3905, "A"
3917, "A" 3967, "A" 4032, "A"
4179 and "A" 4276.
1.3.11. "A" 3549 1.
1.3.12. "A" 3549 1. According to Comm. "A" 4179 and "A"
4388.
1.
1.3.13. "A" 3566 5.