2025-08-07 | A 8293The Central Bank of the Argentine Republic issued Communication “A” 8293 to implement adjustments to the Monthly Accounting Information Regime for the Net Global Foreign Currency Position (R.I.-P.G.), effective July 10, 2025. The directive mandates financial entities to incorporate new reporting items (609dd and 60900) for peso-denominated financings with variable dollar-linked remuneration, update the admitted excess calculation formula, and submit supplementary daily information for Group “A” entities. These modifications refine the limits and fee calculations for positive positions, ensuring accurate tracking of foreign currency exposure through revised codes and transitional provisions.
"Year of the Reconstruction of the Argentine Nation" COMMUNICATION “A” 8293 07/08/2025 TO FINANCIAL ENTITIES: Ref.: Circular CONAU 1-1687: Monthly Accounting Information Regime. Net Global Foreign Currency Position (R.I.-P.G.). Adjustments.
We address you to inform you of the modifications introduced in the aforementioned information regime as a result of the issuance of Communication “A” 8276. Accordingly, the following changes are made effective July 10, 2025: Monthly R.I. PGNME Section 6. Transitional Provisions – Point 6.4. Extension of the Admitted Excess for Positive Position
-2- We respectfully greet you. CENTRAL BANK OF THE ARGENTINE REPUBLIC Mariana A. Diaz Estela M. del Pino Suárez Manager of Information Regime Deputy General Manager of Information Regime and Financial Services User Protection ANNEX
6.2. Provisions Com. “A” 5851 Bimonthly Position December/15 – January/16 The information corresponding to each month will be submitted within the usual deadlines, computing the items included based on the averages calculated for each month. The determination of the bimonthly position will be carried out by this Institution based on the data reported for each month. For its calculation, the average resulting from dividing the sum of the numerals of the monthly positions by the number of days in the bimonthly period will be considered. The limits applicable to this bimonthly position shall be: 10% for the global position and 5% for the forward position, according to the methodology described in point 4.1 of this regime. For the calculation of the limits, the RPC of November/15 will be computed. The fee will be calculated on the excesses determined in accordance with point 4.2 of this information regime, considering the rate corresponding to the last auction held in January/16 and applying the following methodology: Fee = Excess (n) * number of days in the bimonthly period * [(TNA / 36500) * 1000] 6.3. Treatment of differences due to dollarization of judicial deposits (Communication “A” 4686, point 5., fourth paragraph) It is clarified that -as previously disclosed through Communication “A” 4708- the amount registered in account 340022 (differences from dollarization of judicial deposits) must be included in code 20100, until December 31, 2017. From January 1, 2018, the balances remaining under this concept and registered in account 340012 will be included in this code. 6.4. Extension of the admitted excess for positive position To determine the extension of the daily PGN positive limit, established in Section 4. Transitional Provisions of the regulations on “Net global foreign currency position”, the following items will be reported:
Code 604dd: daily positions in US dollar National Treasury Bills for the month under report.
Code 606dd: daily positions in dollar-linked National Treasury Bills for the month under report.
Code 609dd: peso-denominated financings with variable remuneration based on the variation of the US dollar exchange rate, whose purpose is not included in point 2.1 of the TO on Credit Policy, granted from July 10, 2025. B.C.R.A. MONTHLY ACCOUNTING INFORMATION REGIME 16. NET GLOBAL FOREIGN CURRENCY POSITION (R.I. – P.G.) Section 6. Transitional Provisions Version: 6a. COMMUNICATION “A” 8293 Effective: 10/07/2025 Page 3
For the first time only with August/18 data: • Code 60400: Position in US dollar National Treasury Bills as of June 15, 2018. • Code 60500: Relevant portion of the position in US dollar National Treasury Bills as of June 15, 2018 corresponding to the admitted excess at the limit in effect on that date.
For the first time only with May/19 data: • Code 60600: Position in dollar-linked Treasury Bills as of May 13, 2019. The amount to be computed as the extension of the admitted excess (AEAdd) established in the aforementioned Section 4. will be calculated by this Institution and will arise from the following expression: AEAdd PGN Net Global Position: Min {[ Max (604dd – 60400 ; 0 ) + Min (60500 / 27,3425 * TCR; 604dd) + Max ( 606dd – 60600 ; 0) + 609dd ] ; 25% RPC (n-1) } AEAdd PC Cash Position: Min {[ Max (604dd – 60400 ; 0 ) + Min (60500 / 27,3425 * TCR; 604dd] ; 25% RPC (n-1) } Consequently, the final excess will be determined as follows: Excessdd Net Global Position = PGNMEdd – X% RPC (n-1) Adjusted Excessdd Net Global Position = Excessdd - AEAdd PGN Excessdd Cash Position = PCMEdd – X% RPC (n-1) Adjusted Excessdd Cash Position = Excessdd - AEAdd PC Final Excessdd: Max [Adjusted Excessdd Net Global Position ; Adjusted Excessdd Cash Position] Where: X = % in effect for the reported period TCR = Reference exchange rate corresponding to the last day of the previous month B.C.R.A. MONTHLY ACCOUNTING INFORMATION REGIME 16. NET GLOBAL FOREIGN CURRENCY POSITION (R.I. – P.G.) Section 6. Transitional Provisions Version: 11a. COMMUNICATION “A” 8293 Effective: 10/07/2025 Page 4
-1- B.C.R.A. ANNEX I Annex to Com. “A” 8293 Supplementary Information 60100 dd Accumulated daily balances of prepayments of local financings to private sector clients not yet due (+) 60200 dd Accumulated net increase in holdings of LETES compared to holdings as of September 4, 2019 (+) 60300 dd Accumulated net increase in holdings of other foreign currency National Treasury securities compared to holdings as of September 4, 2019 (+) 60400 dd Daily positions in US dollar National Treasury Bills (+) or (-) 60600 dd Daily positions in dollar-linked National Treasury Bills (+) or (-) 60700 dd Daily cash balance in vault (+) 60800 dd Deficiency in application of foreign currency resources –accumulated average- (+) 60900 dd Peso-denominated financings with variable remuneration linked to the dollar granted from July 10, 2025. (+)