RegAlertRule · BCRA · 9 Nov 2007 · A 4730
Circular SINAP 1-12: Inclusion of Cooperative Credit Exchange Instruments in Compensable Instruments List
The Central Bank of the Republic of Argentina amends the list of compensable instruments detailed in Communication 2557 to include sight and fixed-term exchange drafts drawn against sight accounts held at cooperative credit unions. This directive applies to financial entities and electronic compensation chambers, requiring them to recognize these specific instruments for compensation purposes.
"2007 - Year of Road Safety"
CENTRAL BANK OF THE ARGENTINE REPUBLIC
COMMUNICATION "A" 4730 09/11/2007
TO FINANCIAL ENTITIES,
TO ELECTRONIC COMPENSATION CHAMBERS:
Ref.: Circular
SINAP 1 - 12
Communication "A" 2557. Compensable Instruments.
____________________________________________________________ We address you to inform you that it has been resolved to include in the list of compensable instruments detailed in Section 8 of the aforementioned communication, the following documents:
- Sight exchange drafts drawn against sight accounts opened at cooperative credit unions.
- Fixed-term (one-day) exchange drafts drawn against sight accounts opened at cooperative credit unions.
We salute you very respectfully.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
Julio César Pando Guillermo A. Zuccolo
Manager of Payment Systems General Submanager of Payment Means a/c
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