2018 - YEAR OF THE CENTENARY OF THE UNIVERSITY REFORM

COMMUNICATION “A” 6449 08/02/2018

TO FINANCIAL INSTITUTIONS:

Ref.: Circular
OPRAC 1 - 931
LISOL 1 - 776

“Financing to the non-financial public sector”. “Guarantees”. Public-Private Partnership Contracts (Law 27.328). Adjustments . ____________________________________________________________

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

“1. Incorporate as point 3.2.10. of the rules on “Financing to the non-financial public sector” the following:

“3.2.10. Holding of debt instruments created under Law 27.328 on Public-Private Partnership Contracts, in which the holder has the right to collect on a flow of funds payable by the national public sector”.”

2. Incorporate as points 1.2.X. and 3.1.24. of the rules on “Guarantees” the following:

“1.2.X. Pledge or assignment as guarantee of the debt instruments referred to in point 3.2.10. of the rules on “Financing to the non-financial public sector.”

“3.1.24. Debt instruments referred to in point 3.2.10. of the rules on “Financing to the non-financial public sector” (point 1.2.X.): 100 %.”

Likewise, we inform you that we will subsequently send you the pages that, in replacement of those previously provided, should be incorporated into the rules on “Financing to the non-financial public sector”, “Guarantees” and “Credit risk splitting”.

We greet you attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC

Mir t a
M
.
N o g u e r a
G e r e n t e d e
A plic a cio n e s

A g u s t
í n
T o r c a s si
Deputy General Manager al of Standards

Regulatory