Circular REMON 1 - 818: Minimum Cash. Modification.

“2007 - Year of Road Safety”
BANCO CENTRAL DE LA REPÚBLICA ARGENTINA COMMUNICATION “A” 4670 18/05/2007 TO FINANCIAL ENTITIES:
Ref.: Circular
REMON 1 - 818
Minimum Cash. Modification.

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

“- Substitute, with effect from 01/06/07, point 1.3.14. of Section 1. of the rules on “Minimum cash” with the following:

“1.3.14. Deposits and other demand obligations in pesos (excluding the “Unemployment Fund for workers in the construction industry”), whose remuneration exceeds 15% of the average BADLAR rate of private banks in the month prior to the one in question. 100”

We send you attached the sheets that, in replacement of those previously provided, should replace the text in the consolidated text of the rules on “Minimum Cash”.

Likewise, it is recalled that on this Institution’s website www.bcra.gov.ar, by accessing “regulations” (“consolidated texts”), the modifications made with texts highlighted in special characters (strikethrough and bold) will be found.

We salute you very respectfully.

BANCO CENTRAL DE LA REPUBLICA ARGENTINA Darío C. Stefanelli José I. Rutman Manager of Emission of Rules General Manager of Rules

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 Fiduciary Fund for Assistance to Financial and Insurance Entities. 0
1.3.11. Demand and time deposits made by court order
with funds originating in the cases in which they intervene, and their immobilized balances.
1.3.11.1. In pesos. 10
1.3.11.2. In foreign currency. 15
1.3.12. Deposits -whatever their modality- that constitute the equity of
common investment funds.
1.3.12.1. In pesos. 18
1.3.12.2. In foreign currency. 40
1.3.13. Special deposits linked to the inflow of funds from abroad

• Decree 616/05. 100
  1.3.14. Deposits and other demand obligations in pesos (excluding the
  “Unemployment Fund for workers in the construction industry”), whose remuneration exceeds 15% of the average BADLAR rate of private banks in 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.
  1.4.1.2. Time investments.
  In the cases of time investments, the following criteria will apply:
  i) Constant term.

MINIMUM CASH B.C.R.A.
Section 1. Requirement.
Version: 21st. COMMUNICATION “A” 4670 Validity:
01/06/2007

MINIMUM CASH
CONSOLIDATED TEXT ORIGIN RULE OBSERVATIONS Sec. Point Para. Com. Annex Sec. Point Para.
1.3.11. “A” 3549 1. According to Comm. “A” 4179, “A”
4388 and “A” 4549.
1.3.12. “A” 4179 2. According to Comm. “A” 4406 and
“A” 4449.
1.3.13. “A” 4360 2.
1.3.14. “A” 4473. 1. According to Comm. “A” 4518, “A”
4532, “A” 4573 and A 4670.
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.