Circular REMON 1 - 809: Minimum Cash Requirements. Modifications.

"2006 - Year of Homage to Dr. Ramón CARRILLO" BANCO CENTRAL DE LA REPÚBLICA ARGENTINA COMMUNICATION "A" 4518 28/03/2006 TO FINANCIAL ENTITIES:
Ref.: Circular
REMON 1 - 809
Minimum Cash. Modifications.

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We address you to inform you that this Institution adopted the following resolution:
" - Substitute, with effect from 1.4.06, point 1.3.16. of Section 1. of the norms on "Minimum Cash" with the following:
"1.3.16. Deposits and other demand obligations in pesos, whose remuneration exceeds 50% of the average BADLAR rate of private banks of the month prior to the one in question. 100" We send you attached the sheets that, in replacement of those previously provided, correspond to replace in the ordered text of the norms on "Minimum Cash". Likewise, it is recalled that on this Institution's website www.bcra.gov.ar, accessing "regulations" ("ordered texts"), the modifications made with texts highlighted in special characters (strikethrough and bold) will be found. We greet you very respectfully. BANCO CENTRAL DE LA REPUBLICA ARGENTINA Dario Stefanelli José Rutman Manager of Issuance of Standards on behalf of General Manager of Standards
ANNEX

iv) From 90 to 179 days. 10 v) From 180 to 365 days. 6 vi) More than 365 days. 0 b) Others. 0
1.3.10. Obligations with the Trust Fund for Assistance to Financial and Insurance Entities. 0
1.3.11. Demand and time deposits made by order of the Justice
with funds originating in the cases in which it intervenes, and their balances immobilized.
1.3.11.1. In pesos. 8
1.3.11.2. In foreign currency. 15
1.3.12. Special accounts in US dollars destined for the deposit of guarantees required in futures and options operations that are processed in self-regulated markets subject to the control
of the National Securities Commission. 100
1.3.13. Special demand accounts in foreign currency. 100
1.3.14. Deposits -whatever their modality- that constitute the equity of
common investment funds.
1.3.14.1. In pesos. 18
1.3.14.2. In foreign currency. 40
1.3.15. Special deposits linked to the inflow of funds from abroad -
Decree 616/05. 100
1.3.16. Deposits and other demand obligations in pesos, whose remuneration
exceeds 50% of the average BADLAR rate of private banks of the month prior to the one in question. 100
1.4. Residual term.
1.4.1. Determination.
1.4.1.1. General case.
The residual term of each time obligation is equivalent to the number of days remaining until its maturity. Version: 16th. COMMUNICATION "A" 4518 Validity:
01/04/2006
B.C.R.A. MINIMUM CASH
Section 1. Requirement.

MINIMUM CASH
ORDERED TEXT ORIGIN NORM
Sec. Point Para. Com. Annex Sec. Point Para.
OBSERVATIONS
1.3.11. "A" 3549 1. According to Comm. "A" 4179 and
"A" 4388.
1.3.12. "A" 3566 5.
1.3.13. "A" 3583 3.
1.3.14. "A" 4179 2. According to Comm. "A" 4406 and
"A" 4449.
1.3.15. "A" 4360 2.
1.3.16. "A" 4473. 1. According to Comm. "A" 4518.
1.4. "A" 3905 3. According to Comm. "A" 4179, "A"
4449 and "A" 4473.
1.5. "A" 3274 II 1. 1.5. According to Comm. "A" 3498.
1.6. "A" 3274 II 1. 1.6.
1.6.1. "A" 3274 II 1. 1.6.1. According to Comm. "A" 4405 and
"A" 4449.
1.6.2. "A" 3274 II 1. 1.6.2. According to Comm. "A" 3304 and
"A" 4449.
1.
1.7. "A" 3498 unique 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 unique 2. 2.1.3. According to Comm. "A" 4147.
2.1.4. "A" 3274 II 2. 2.1.3. According to Comm. "A" 3498, "A"
4147 and "A" 4276.
2.1.5. "A" 3274 II 2. 2.1.4.
2.1.6. "A" 3311
2.1.7. "A" 3498 unique 2. 2.1.7.
2.1.8. "A" 4016 1.
2.2. "A" 3274 II 2. 2.2. According to Comm. "A" 3498 and
"A" 4449.
2.3. "A" 3365 2. According to Comm. "A" 3387, "A"
3470, "A" 3498, "A" 3549,
"A" 3597, "A" 3732, "A"
3824, "A" 4016 and "A" 4449.
2.4. "A" 4147 3. According to Comm. "A" 4276, "A"
4449 and "A" 4509.
2.
2.5. "A" 4147 3. According to Comm. "A" 4393 and
"A" 4509.
3.1. "A" 3274 II 3. 3.1.
3.1.1. "A" 3274 II 3. 3.1.1. According to Comm. "A" 3326, "A"
3365, "A" 3498, "A" 3549,
"A" 3905, "A" 4276, "A"
4449 and "A" 4473.
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. According to Comm. "A" 4449.
3.2.2. "A" 3274 II 3. 3.2.2.2. According to Comm. "A" 4449.
3.
3.3. "A" 3274 II 3. 3.3. According to Comm. "A" 3498.