Circular RUNOR 1-434. CRYL Integration of R.M.L.

BANCO CENTRAL DE LA REPUBLICA ARGENTINA ------------------------------------------------------------------------------------------------------------------ COMMUNICATION "A" 3254 16/04/01 ------------------------------------------------------------------------------------------------------------------ TO FINANCIAL ENTITIES:
Ref.: Circular
RUNOR 1 - 434
CRYL – Integration of R.M.L

We address you to inform you that, in relation to what is provided by Communication "A" 3253 of 10.04.2001, by which the group of registration accounts "08" – Integration of R.M.L.- is enabled, it has been resolved to incorporate item "16" into Section 10. "Fees", of the consolidated text of the regulations on the Central Registry and Clearing of Public Debt Instruments (CRYL), in order to establish its treatment in terms of costs.

Section 10. Fees

"Concept 16. Maintenance of registration account "08" and Transfers detailed in Concepts 1. to 5. – NO CHARGE."

We send you attached, which will be available in printed form and on the Internet site of this Central Bank from 19.04.2001 (www.bcra.gov.ar), the sheets that correspond to incorporate into the consolidated text of the reference.

We greet you very respectfully.
BANCO CENTRAL DE LA REPÚBLICA ARGENTINA Horacio C. Domínguez Raúl O. Planes Deputy Manager of Operations with Securities and Foreign Exchange Manager of Payment and Manager of Payment and Operations Operations

ANNEX: 2 sheets
With copy to exchange houses, agencies and brokers, stock brokers, to non-financial entities issuing credit cards in the "closed system" modality and to trustees of financial trusts included in the Law of Financial Entities.

CENTRAL REGISTRY AND CLEARING OF INSTRUMENTS OF B.C.R.A PUBLIC DEBT "CRYL"
Section 10. Fees.
The fees to be charged for this operation are the following:

CONCEPT AMOUNT
PESOS PARTS

1. Transfer Models FT -Bilateral and FOP 3 2
2. Transfer Model FT 3 Originator
3. FTC Transfers (CRYL Accounts) 5 "
4. FTC Transfers (Securities Box Accounts) 7 "
5. Transfers Models DVP and FD&P 10 2
6. Defaults Models DVP; FOP and FT-Bilateral
   6.1. First default 12.00 hrs. of day T+3 100 Defaulted
   6.2. Second default 15.30 hrs. of day T+3 100 "
   6.3. Third default 12.00 hrs. of day T+4 150 "
   6.4. Fourth default 15.30 hrs. of day T+4 150 "
7. Defaults Model FD&P
   7.1. First, second and third default 10.- each one Defaulted
   7.2. Fourth default 470 "
8. Default Model FTC 10
9. Default Model FT 5
10. General maintenance of registration accounts (deductions will be made
    from this fee the corresponding to the transfers made during the current month) 1.000.- per month
11. Maintenance of special registration accounts in currency
    and IEP for custody transactions
    100.- the pair
12. Additional request for account statements 0,20 the
    sheet
13. Settlement of primary placement free of charge
14. Settlement of amortization and rent free of charge
15. Custody of holdings free of charge
16. Maintenance of registration account "08" and Transfers detailed in Concepts 1 to 5.
    free of charge
    Version: 2nd Communication "A" 3254 Validity:
    16.04.01

B.C.R.A.
ORIGIN OF THE PROVISIONS INCLUDED IN THE CONSOLIDATED TEXT OF THE REGULATIONS ON THE CENTRAL REGISTRY AND CLEARING OF PUBLIC DEBT INSTRUMENTS "CRYL" CONSOLIDATED TEXT ORIGIN NORM
Section Point Annex Com. Cap./
Annex Point Paragraph Observations
1. "A" 3191
2. "A" 3191
3. 3.3 "A" 3191
3. 3.3.4. "A" 3191 last Suppressed by Com. "A"
3253
3. 3.3.5 "A" 3191 Incorporated by Com.
"A" 3253
3. 3.3.5 "A" 3191 last Added by Com. "A"
3253
4. "A" 3191
5. "A" 3191
6. "A" 3191
7. "A" 3191
8. "A" 3191
9. "A" 3191
10. "A" 3191
10. 16. "A" 3191 Incorporated by Com.
"A" 3254
11. "A" 3191
12. "A" 3191