Instruction for the Approval of Deposit Rules for Banks, Cooperative Banks, Savings and Credit Societies, and Federations of Cooperative Banks

DECEMBER 2025
INSTRUCTION FOR THE APPROVAL OF
DEPOSIT RULES FOR BANKS,
COOPERATIVE BANKS, SAVINGS AND CREDIT
SOCIETIES AND FEDERATIONS OF
COOPERATIVE BANKS

INDEX

GENERALITIES ................................................................................................................................................... 1
OBJECTIVE .............................................................................................................................................................. 2
DEFINITIONS ....................................................................................................................................................... 2
GENERAL RULES ........................................................................................................................................... 3
SPECIFIC RULES .......................................................................................................................................... 4
5.1. REQUEST............................................................................................................................................................. 4
5.2. MINIMUM REQUIREMENTS OF THE DEPOSIT RULE ........................................................................................ 6
5.3 ANALYSIS OF THE REQUEST ................................................................................................................................... 6
5.4 APPROVAL OR DENIAL ............................................................................................................................. 8
5.5 NOTIFICATIONS TO THE ENTITY ........................................................................................................................... 9
5.6 REQUESTS WITHOUT EFFECT ..................................................................................................................................... 9
SPECIAL PROVISIONS ............................................................................................................................... 10
VALIDITY, DISTRIBUTION AND DISCLOSURE ........................................................................................................ 10
MODIFICATION CONTROL TABLE ............................................................................................................. 12

GENERALITIES
1.1. BACKGROUND
The Organic Law of the Central Bank of Reserve of El Salvador establishes that, in order to regulate the financial system, the Central Bank may issue instructions applicable in matters of terms and transferability requirements of funds collection instruments from the public; for this reason, the Banking Law and the Cooperative Banks and Savings and Credit Societies Law empower it to issue such norms through instructions to which Banks, Cooperative Banks, Savings and Credit Societies and Federations of Cooperative Banks will be subject, regarding the collection of public funds in any form, whether in national or foreign currency.

For its part, the Administrative Procedures Law regulates the validity and effectiveness requirements of administrative actions of the entire Public Administration, which is already included in this Instruction.

In this version of the Instruction, the treatment of information classification as "confidential" is generalized, according to Article 24 of the Public Information Access Law; the electronic channel is incorporated complementarily to receive requests for approval of new deposit rules or modifications to already approved ones; and improvements are made to the classifications and deadlines for the complexity of the Rules.

1.2. LEGAL BASIS
This Instruction is issued in accordance with the following legislation:
1.2.1. Article 50, letter a) of the Organic Law of the Central Bank of Reserve of El Salvador.
1.2.2. Articles 52, 55 and 56 of the Banking Law.
1.2.3. Articles 34, 35, 36, 37, 154, 155 and 165 of the Cooperative Banks and Savings and Credit Societies Law.
1.2.4. Articles 20, 20-A, 20-B, 20-C, 20-D and 20-E of the Law to Facilitate Financial Inclusion.

In the case of financial institutions affiliated with a supervised Federation, it is the Federation's responsibility to present to the Central Bank the rules that regulate savings account deposits and time deposits that will apply to its associates.

OBJECTIVE
To establish the provisions for the approval or modification of the Deposit Rules of Banks, Cooperative Banks, Savings and Credit Societies and Federations of Cooperative Banks, regarding transferability or negotiability and the term to which these entities will be subject, with respect to the collection of public funds in any form.
DEFINITIONS
3.1. Central Bank: Central Bank of Reserve of El Salvador.
3.2. CARS: Simplified Requirements Savings Accounts.
3.3. Board of Directors: Board of Directors of the Central Bank of Reserve of El Salvador.
3.4. Department: Department of Public Policies and Financial Innovation of the Central Bank of Reserve of El Salvador.
3.5. Requesting Entity: Banks regulated by the Banking Law; Cooperative Banks, Savings and Credit Societies and Federations of Cooperative Banks regulated by the Cooperative Banks and Savings and Credit Societies Law.

GENERAL RULES
4.1. The requesting entity must send a request to the Presidency of the Central Bank, attaching an original physical copy of the Deposit Rule; as well as the documentation listed in section 5.1.1 as applicable; if there is additional information necessary for its analysis, it will be sent with the request.
4.2. At the same time, a copy of the request and attachments in PDF format and a digital file in Microsoft Word format of the Deposit Rule must be sent, according to section 5.1.1.4, to the email address: politicaspublicas@bcr.gob.sv.
4.3. It is the obligation of the requesting entity to comply with the requirements and deadlines granted within the approval process of the rules (Annex No. 1).
4.4. It is the responsibility of the Management, through the Department, to carry out the corresponding analysis of the Deposit Rule, which must include the legal opinion and

CENTRAL BANK
OF RESERVE OF EL
SALVADOR
INSTRUCTION FOR THE APPROVAL OF DEPOSIT RULES FOR BANKS, COOPERATIVE BANKS, SAVINGS AND CREDIT SOCIETIES AND FEDERATIONS OF COOPERATIVE BANKS DEPARTMENT OF PUBLIC POLICIES AND FINANCIAL INNOVATION
PAGE No.
CODE
980503
REVISED
Manager of Financial
Stability and Public Policies
APPROVED BY:
Session No. 35/2025, of December 15, 2025 respect the deadlines established in the approval process; likewise, it must maintain a single file for each Deposit Rule submitted for approval or modification by the Board of Directors.
4.5. Once the final version of the original physical copies of the Deposit Rules is received, duly authorized by the requesting entity and with its corresponding transmittal letter, the Management is authorized to manage before the Board of Directors the inclusion in the agenda for the approval or denial of the Deposit Rule request, and will have the deadline corresponding to the degree of complexity of the request.
4.6. The deadlines established in this Instruction refer to business days and will be counted from the next business day.
4.7. Requests will be resolved according to their degree of complexity and the deadlines will begin to count from the next business day after all documentation referred to in sections 5.1 and 5.2 is validated, a deadline that the Department will communicate to the Requesting Entity. The validation mentioned in this section may not exceed the period stipulated in section 5.3.1.1.
4.8. The deadlines mentioned in Annex No. 1 will be extended if the Department requires additional analysis of the content of the Deposit Rule, or if the requesting entity requires an extension of the deadline to remedy the observations made; in both cases, the extension will be communicated by the Department to the entity.
4.9. The administrative procedure regulated in this Instruction must be concluded within a maximum period of nine months counted from its initiation, in accordance with Article 89 of the Administrative Procedures Law.

SPECIFIC RULES
5.1. REQUEST
5.1.1. The Legal Representative or Attorney-in-fact of the requesting entity must present to the Presidency of the Central Bank, the following documentation:
5.1.1.1. Request for Approval of Deposit Rules, duly signed and stamped (Annex No. 2), legalization of the signer's signature according to Article 54 of the Notary Law, in which the documents that accredit the capacity in which the signer acts are listed.

CENTRAL BANK
OF RESERVE OF EL
SALVADOR
INSTRUCTION FOR THE APPROVAL OF DEPOSIT RULES FOR BANKS, COOPERATIVE BANKS, SAVINGS AND CREDIT SOCIETIES AND FEDERATIONS OF COOPERATIVE BANKS DEPARTMENT OF PUBLIC POLICIES AND FINANCIAL INNOVATION
PAGE No.
CODE
980503
REVISED
Manager of Financial
Stability and Public Policies
APPROVED BY:
Session No. 35/2025, of December 15, 2025
5.1.1.2. Notarially certified copy of the Deed of Incorporation, in the case of newly constituted entities that are in the process of authorization to begin operations.
5.1.1.3. For requesting entities subject to the Cooperative Banks and Savings and Credit Societies Law that require for the first time the authorization of Current Account Deposit Rules, they must present a Certification issued by the External Auditor of the entity, affirming that the entity has a net worth equal to or greater than the minimum required in Article 34, paragraph 2 of the referenced Law. Additionally, a notarially certified copy of the Social Pact must be attached, stating that the entity has within its purposes the receipt of demand deposits withdrawable by check or other means.
5.1.1.4. Editable Microsoft Word format file of the document containing the Deposit Rule submitted for approval, which must comply with what is established in section 5.2 as applicable.
5.1.1.5. Certification of Minutes Point, where the highest authority of the requesting entity authorizes starting the procedure. Document that, when submitted physically to the Central Bank, if not original, must be a notarially certified copy.
5.1.2. Any request that lacks the documentation required in this Instruction will have a deadline of ten business days from the day following the date of communication to the requesting entity to complete it. The entity may request an extension of the aforementioned deadline, which may not exceed five business days. If not received upon expiration of the deadline, what is established in section 5.6.2 will apply.

CENTRAL BANK
OF RESERVE OF EL
SALVADOR
INSTRUCTION FOR THE APPROVAL OF DEPOSIT RULES FOR BANKS, COOPERATIVE BANKS, SAVINGS AND CREDIT SOCIETIES AND FEDERATIONS OF COOPERATIVE BANKS DEPARTMENT OF PUBLIC POLICIES AND FINANCIAL INNOVATION
PAGE No.
CODE
980503
REVISED
Manager of Financial
Stability and Public Policies
APPROVED BY:
Session No. 35/2025, of December 15, 2025
5.2. MINIMUM REQUIREMENTS OF THE DEPOSIT RULE
The document containing the Deposit Rule submitted for approval must contain at minimum the following:
5.2.1. When it concerns savings accounts, current accounts or time deposits, it must comply with what is established in the "Scheme of the content of a Deposit Rule" (Annex No. 3), as applicable.
5.2.2. When it concerns Deposits in Simplified Requirements Savings Accounts, they must comply with the "Scheme of content for Deposit Rules for deposits in simplified requirements savings accounts" (Annex No. 4), as applicable, with Articles 20, 20-A, 20-B, 20-C, 20-D and 20-E of the Law to Facilitate Financial Inclusion and the "General Guidelines for the Opening of Deposits in Simplified Requirements Savings Accounts", in effect on the date and available on the Central Bank's website (www.bcr.gob.sv).
5.2.3. When it concerns Dematerialized Investment Certificates, Securities and Other Issuance Instruments, they must comply with the "Scheme of content for Deposit Rules for Dematerialized Investment Certificates, Securities and other Issuance Titles" (Annex No. 5), as applicable, and with the "Minimum Guidelines that must contain the Rules regulating Dematerialized Investment Certificates", in effect on the date and available on the Central Bank's website (www.bcr.gob.sv).

5.3 ANALYSIS OF THE REQUEST
5.3.1 The Department will carry out the following:
5.3.1.1 Verify within the first two business days of receipt that the request complies with the documentation required in this Instruction in sections 5.1 and 5.2; otherwise, the requesting entity will be notified as established in section 5.1.2.
5.3.1.2 Classify the type of complexity of the analysis of the Deposit Rule, according to what is established in Annex No. 1.

CENTRAL BANK
OF RESERVE OF EL
SALVADOR
INSTRUCTION FOR THE APPROVAL OF DEPOSIT RULES FOR BANKS, COOPERATIVE BANKS, SAVINGS AND CREDIT SOCIETIES AND FEDERATIONS OF COOPERATIVE BANKS DEPARTMENT OF PUBLIC POLICIES AND FINANCIAL INNOVATION
PAGE No.
CODE
980503
REVISED
Manager of Financial
Stability and Public Policies
APPROVED BY:
Session No. 35/2025, of December 15, 2025
5.3.1.3 Notify the contact registered in the request of the classification of the Deposit Rule and the response deadline.
5.3.1.4 Analyze the content of the Deposit Rules and verify compliance with the defined minimum requirements, from a financial point of view.
5.3.1.5 Require the requesting entity during the analysis process to expand the information of the products or the rule in general, if necessary.
5.3.1.6 Notify the requesting entity of the financial and legal observations.
5.3.2 The Legal Management will analyze that the content of the Deposit Rules is in harmony with other laws that develop and regulate the financial products contained in the referenced rules; it will issue a legal opinion on the matter and send it to the Department to incorporate it into the final analysis.
5.3.3 The deadline for analyzing the content of the Deposit Rule will not exceed fourteen (14) business days, depending on the complexity of the rule. The deadlines contemplated in Annex No. 1 may be extended on a justified basis up to the maximum established for said analysis, when from the technical and/or legal analysis the need for an additional deadline is evident due to the complexity of the Deposit Rule.
5.3.4 If observations arise from the analysis, they will be notified to the contact named by the entity via email, through a prevention note. The requesting entity must remedy the observations within a maximum of ten business days, counted from the next business day after the Central Bank's notification, and must send the document to the Department, digitally with the changes incorporated.
5.3.5 The deadline to remedy observations may be extended before its expiration at the request of the requesting entity, for which it must send a letter via email to the Department. This deadline will run from the next business day following the expiration date of the initial deadline, and may not exceed ten business days.

5.4 APPROVAL OR DENIAL
5.4.1. The Department will communicate to the requesting entity the conformity of the Deposit Rules once compliance with the observations is verified, and will indicate that two original physical copies must be sent to the main offices of the Central Bank within a period not exceeding five business days. The copies must meet the following requirements:
5.4.1.1. Contain the suggested changes incorporated in their text.
5.4.1.2. Present the copies on paper with the Entity's letterhead, printed double-sided.
5.4.1.3. Each page must bear the seal and signature of the Legal Representative or Attorney-in-fact of the requesting entity.
5.4.2. Accompanying the physical copies will be the transmittal letter from the Legal Representative or Attorney-in-fact of the requesting entity, duly signed and stamped (Annex No. 6), with the respective legalization of the signer's signature, according to Article 54 of the Notary Law, in which the documents that accredit the capacity in which the signer acts are listed.
5.4.3. The Department will verify, within a period not exceeding two business days following the receipt of the copies and documentation, that they comply with what is required in this instruction; otherwise, it will notify the requesting entity to remedy the lack of requirements or accompany the requested documents within a maximum of ten business days.
5.4.4. Once the physical copies are received, as well as all corresponding documentation, and upon the Department's conformity, the request will be presented for consideration by the Board of Directors, who will approve the Deposit Rules, based on the technical report and legal opinion, presented by the Financial Stability and Public Policies Management and the Legal Management.
5.4.5. The Board of Directors will deny the request in the following cases:
5.4.5.1. When the Management advises, based on the opinions of the Department and the Legal Management, that after the transmission of the notification, the requesting entity did not incorporate the comments made to the rule to satisfaction.
5.4.5.2. When the Management advises, based on the opinions of the Department and the Legal Management, that after the transmission of the notification, the requesting entity has incorporated new elements, products or modifications that were not part of the analysis performed.
5.4.6. The Secretary of the Board of Directors will communicate to the requesting entity what was resolved by said Council.

5.5 NOTIFICATIONS TO THE ENTITY
Once the entity's request is addressed in a Board of Directors Session, the entity requesting will be communicated the resolution taken after its pronouncement.

5.6 REQUESTS WITHOUT EFFECT
5.6.1 It will be understood that a request is without effect:
5.6.1.1 When compliance with what is defined in section 5.1 of this Instruction is not given.

BANCO CENTRAL
DE RESERVA DE EL
SALVADOR
INSTRUCTIVO PARA LA APROBACIÓN DE NORMAS DE
CAPTACIÓN DE LOS BANCOS, BANCOS COOPERATIVOS,
SOCIEDADES DE AHORRO Y CRÉDITO Y FEDERACIONES
DE BANCOS COOPERATIVOS
DEPARTAMENTO DE
POLÍTICAS PÚBLICAS E
INNOVACIÓN
FINANCIERA
PÁGINA No.
10 de 12
CÓDIGO
980503
REVISADO
Gerente de Estabilidad
Financiera y Políticas Públicas
APROBADO POR:
Sesión No. 35/2025, del 15 de diciembre de 2025

5.6.1.2 When the requesting entity has not remedied the observations within the timeframe specified in this Instruction.
5.6.1.3 When the requesting entity does not submit the two original copies along with the corresponding documentation in the manner required by this Instruction, within the timeframe specified in sections 5.4.1 and 5.4.3.
5.6.1.4 At the request of the requesting entity.
5.6.2 In any of the situations indicated above, the Management will declare the request void and proceed to archive it, notifying the requesting entity electronically. In all cases, the interested parties retain their right to submit a new request, which will result in a new procedure.

SPECIAL PROVISIONS
6.1 Operational aspects arising during the execution of this Instruction will be resolved by the Presidency, based on a proposal from the Management.
6.2 Aspects not contemplated in this Instruction will be resolved by the Board of Directors.
6.3 Transitional Provision: Requests for Deposit Collection Standards that are pending prior to the effective date of this Instruction will be resolved in accordance with the provisions contained in the previous version approved in Session No. CD-12/2023 of May 25, 2023.
VALIDITY, DISTRIBUTION, AND DISSEMINATION
7.1 This Instruction will enter into force on December 15, 2025, and will repeal the version approved in Session No. CD 12/2023, of May 25, 2023.
7.2 The Board of Directors will retain a copy of this Instruction as backup to the Approval Minutes and will deliver the original to the Risk and Strategic Management Department. It will also deliver an electronic copy to the Department and authorize it to distribute electronic copies to the following Units:

BANCO CENTRAL
DE RESERVA DE EL
SALVADOR
INSTRUCTIVO PARA LA APROBACIÓN DE NORMAS DE
CAPTACIÓN DE LOS BANCOS, BANCOS COOPERATIVOS,
SOCIEDADES DE AHORRO Y CRÉDITO Y FEDERACIONES
DE BANCOS COOPERATIVOS
DEPARTAMENTO DE
POLÍTICAS PÚBLICAS E
INNOVACIÓN
FINANCIERA
PÁGINA No.
11 de 12
CÓDIGO
980503
REVISADO
Gerente de Estabilidad
Financiera y Políticas Públicas
APROBADO POR:
Sesión No. 35/2025, del 15 de diciembre de 2025

7.2.1 Presidency
7.2.2 Financial Stability and Public Policies Management
7.2.3 Legal Management
7.3 The Secretariat of the Board of Directors is authorized to send a copy of this Instruction to the Requesting Entities.
7.4 The Financial Stability and Public Policies Management, through the Department, will disseminate this Instruction to the involved units.
7.5 The Risk and Strategic Management Department is authorized to publish this Instruction in the Administrative Instruments System, for general consultation.
7.6 This Instruction will be published in its entirety on the Central Bank's Website, for the knowledge of the general public.

BANCO CENTRAL
DE RESERVA DE EL
SALVADOR
INSTRUCTIVO PARA LA APROBACIÓN DE NORMAS DE
CAPTACIÓN DE LOS BANCOS, BANCOS COOPERATIVOS,
SOCIEDADES DE AHORRO Y CRÉDITO Y FEDERACIONES
DE BANCOS COOPERATIVOS
DEPARTAMENTO DE
POLÍTICAS PÚBLICAS E
INNOVACIÓN
FINANCIERA
PÁGINA No.
12 de 12
CÓDIGO
980503
REVISADO
Gerente de Estabilidad
Financiera y Políticas Públicas
APROBADO POR:
Sesión No. 35/2025, del 15 de diciembre de 2025

MODIFICATION CONTROL TABLE
N°
Review
Previous Version
Approved Version
Approver and Date

Validity Date: December 15, 2025

Annex No. 1
CLASSIFICATION OF STANDARDS BY DEGREE OF COMPLEXITY Classification: Complexity 1

Change of social name or denomination of the Entity.
Change in the denomination of products or aspects of form.
Deposit Standards for Savings Accounts with Simplified Requirements.

Classification: Complexity 2

Request for Standards for the first time.
Incorporation of a new product or modality.
Update standards that have been in effect for more than 5 years.
Complete change of the standard(s).
Standards for a new entity in the Financial System.
New aspects that are not clearly defined in the regulation.
Other aspects not previously contemplated.

Response Timeframe:
Complexity 1 Complexity 2
Activities Entity BCR Total Entity BCR Total
BCR receives the request with the required documentation Day 0 Day 0 BCR Assigns/Communicates complexity and response timeframe 1 BCR analyzes Deposit Standard 6 6 13 13 Entity Incorporates Observations 10 BCR validates Observations 3 3 5 5 Entity submits two original physical copies and attached documentation 3 BCR verifies the two original physical copies and attached documentation 2 BCR prepares final documents to present to the Board 4 4 5 5 Review and approval to submit to the Board for approval by Management 1 Maximum response timeframe: 13 17 30 13 27 40

Note: Timeframes will begin from the day following the validation of the request with complete documentation. The timeframes stipulated in the table above do not include extensions requested by the requesting entity or the Central Bank, nor the timeframes for the second or third incorporation and validation of observations, nor the period to complete physical documentation or the lack of requirements by the requesting entity (Sections 5.3.3, 5.3.5, 5.3.6, 5.4.1, and 5.4.3). The Management will submit the request to the Board of Directors' approval process; subsequently, the Central Bank of Reserve will communicate the resolution taken to the Entity.

Validity Date: December 15, 2025

Annex No. 2
Letter of Request for Approval of Deposit Collection Standards Code: 980503-01 San Salvador, El Salvador, _____ of _________ of _________ _______________________ Presidency Central Bank of Reserve Present

I, (name of the legal representative or Attorney-in-fact)_______ in the capacity of _ (position)______________ of (name of the requesting entity), request that the following deposit standard be submitted for approval by the Board of Directors of the Central Bank of Reserve:
_____________________________________________________________________________________________ _________________________________________________________________________________________, from which one copy is submitted, with the following detailed documentation:

Notarially certified copy of the deed of incorporation, if applicable.
Certification issued by the Entity's External Auditor affirming that the entity has a patrimonial fund superior to the minimum required by the Law of Cooperative Banks and Savings and Credit Societies, if applicable.
Notarially certified copy of the Social Pact, in which it is stated that the entity has within its purposes the receiving of demand deposits withdrawable by checks or other means, if applicable.
Certification of meeting minutes (original or notarially certified copy) where the highest authority of the requesting entity authorizes initiating the approval or modification procedure for the deposit standard.

Status of the Request: First Time ______ Partial Modification_____ Total Modification_____ In the case of modification, please indicate them:
Below, detail the main modifications to the deposit standard:
1 ___________________________________________________________________________________ 2 ___________________________________________________________________________________ 3 ___________________________________________________________________________________

Additionally, I request that, based on Article 24 of the Law on Access to Public Information, the submitted documentation be treated as CONFIDENTIAL. For additional information, contact:
Name: ____________________________________________ Email: ____________________________________________ Contact Phone: ____________________________________ Sincerely. Signature: __________________________ Requester

Note: Legalization of the requester's signature relating to documents that prove the signatory's quality (Art. 54 of the Notary Law)

Validity Date: December 15, 2025

Annex No. 3
SCHEMA OF THE CONTENT OF A DEPOSIT STANDARD

INTRODUCTION
Define the object of the Deposit Standard to be developed and establish the applicable legislation.
SCOPE
Specify that the Deposit Standard will be applicable to the collection of funds from the public, to which the Financial Institution must adhere.
DEFINITIONS OR TERMINOLOGY USED
Define the concepts and/or abbreviations addressed within the Deposit Standard.
GENERAL STANDARDS FOR ACCOUNT MANAGEMENT
Define the aspects applicable to each of the products and their modalities.

4.1 OPENING OF DEPOSIT ACCOUNTS

Determine if the opening of deposits will be conducted in agencies, financial correspondents, electronic/digital media, and/or others determined by the bank.
Specify the minimum mandatory documents that the depositor, as a natural person, legal entity, national, or foreigner, must present, as applicable. For this, it must be considered that for legal entities constituted as SAS (Sociedad por Acciones Simplificada), the following will be required:
- Document accrediting the respective registration, issued by the Commerce Registry.
- Tax Identification Number (NIT).
- Taxpayer Registration Number Card (IVA).
- Legal Representative Information: Full name, DUI (for foreigners, Passport, Residence Card, or other document accrediting their migratory status) and NIT.

Without prejudice to legal provisions regarding the prevention of Money Laundering, Terrorism Financing, and Proliferation Financing of Weapons of Mass Destruction, the requirements for legal entities and societies in general will require:

Testimony of the Public Deed of Incorporation registered in the corresponding Registry or the corresponding incorporation document, according to the legally authorized constitutive procedure, as in the case of SAS or Non-Profit Organizations, among others. For foreign persons, constitutive act, statutes, or other document evidencing their incorporation.
Tax Identification Number (NIT)
Taxpayer Registration Number Card (IVA), when applicable.
Commerce Registration, when applicable.
Legal Representative Information: Full name, DUI (for foreigners, Passport, Residence Card, or other document accrediting their migratory status), NIT, and Credential of Election of Board of Directors or Sole Administrator and Substitute, registered in the Commerce Registry.
General manner in which the account formalization will be carried out.
Other aspects considered by the Entity.

4.2 OWNERSHIP AND FORMS OF OPENING
Detail and define whether it can be Sole Ownership, Co-ownership, or Alternative Ownership, as well as the place where such deposits can be opened, as applicable.

4.3 MINIMUM OPENING AMOUNT
It must be specified that this will be defined by the Requesting Entity, without specifying amounts.

4.4 ACCOUNT MANAGEMENT (DEPOSITS AND WITHDRAWALS)
Establish the provisions applicable in general to the management of the products.

4.5 CHARGING OF COMMISSIONS AND SURCHARGES
Establish that the commissions or surcharges applicable to the product will be detailed in the contract and will be published on billboards located in the agencies, in accordance with Article 64 of the Banks Law or Article 42 of the Law of Cooperative Banks and Savings and Credit Societies. Additionally, specify the Law on Consumer Protection regarding commissions and surcharges, abusive clauses, and others applicable; likewise, establish the manner in which compliance with the delivery of the "Minimum information in passive operations" established in the "Technical Standards for the Transparency and Dissemination of Information of Banking Financial Services (NCM-02)" will be given.

4.6 INTERESTS
Specify that interest rates are established by the Requesting Entity, the manner in which they will be capitalized, and the procedure in case of adjustments, in accordance with Article 56 d) of the Banks Law and Article 37 b) of the Law of Cooperative Banks and Savings and Credit Societies.

4.7 DESIGNATION OF BENEFICIARIES
Establish that, for the products defined within the standard, depositors may designate beneficiaries for which they will specify the respective proportions and the entity's obligation to notify the beneficiary if required by the depositor. The institution must establish how to proceed in case the account holder has not established beneficiaries.

4.8 CHANGE OF CLIENT'S ADDRESS
State the user's responsibility to inform the requesting entity if applicable.

4.9 EXEMPTION FROM SEIZURE
Establish the content of this section in accordance with Article 56 literal "j" of the Banks Law or Article 37 literal "g" of the Law of Cooperative Banks and Savings and Credit Societies.

4.10 ACCOUNT INACTIVITY
Detail the reasons why the entity considers leaving the account inactive and include within this section the activation method, as well as the mechanisms to notify account inactivity and avoid prescription, in accordance with Article 73 section 3° of the Banks Law and Article 66 section 3° of the Law of Cooperative Banks and Savings and Credit Societies.

4.11 PRESCRIPTION OF BALANCES
Specify according to what is established in Article 73 of the Banks Law or Article 66 of the Law of Cooperative Banks and Savings and Credit Societies.

4.12 CLOSURE OR CANCELLATION OF ACCOUNTS
Specify the means the depositor must use to close each product, as well as describe the cases in which the requesting entity has the right to close an account, considering Article 13-B of the Consumer Protection Law regarding the right to cancel with the same or similar facilities as had when contracting.

4.13 DEPOSIT GUARANTEE
Specify as appropriate in accordance with Article 156 of the Banks Law or Article 106 of the Law of Cooperative Banks and Savings and Credit Societies.

4.14 FINANCIAL EDUCATION
Detail the manner in which financial education will be imparted to users, as well as the means that will be used for the proper use of the products offered, focused on the well-being of their personal finances.

SPECIFIC STANDARDS BY TYPE OF DEPOSIT
5.1 DEFINITION OF TYPE OF DEPOSIT: (SAVINGS ACCOUNT, CHECKING ACCOUNT, TIME DEPOSIT, ETC.)
5.2 MODALITY: State the different modalities by type of deposit.
5.2.1. Name of the modality (Example in Savings Account: Basic Savings Account, Scheduled Savings Account, Child Account).
5.2.2. Product Characteristics:
Detail the particularities of the account, such as: Use of a passbook or other means of account identification, issuance of a debit card, checkbook, or certificate of deposit, manner of communicating the statement of account to the depositor (printed or via electronic means), detail if commissions will be charged when the client requests physical statements, possibilities for online banking or mobile application transactions, overdraft, among other aspects considered by the entity and that are particularities of the modality. In the case of Fixed Time Deposits, it must specify: Term, Certificate of Deposit, renewal of the Deposit, replacement of the Certificate of Deposit, and Cancellation. Likewise, it must be considered that debit cards will be provided to natural and legal persons who open a savings or checking account, unless the client expressly decides not to have a debit card to effect transactions.
5.2.3. Market Segment:
Identify which depositors the product is directed toward.
5.2.4. Product Benefits:
Enumerate the benefits applicable to each product, excluding aspects inherent to the product itself.
AUTHORIZATION AND VALIDITY:
Deposit Collection Standards will enter into force fifteen (15) days after the date of approval by the Board of Directors of the Central Bank of Reserve of El Salvador.

Validity Date: December 15, 2025

Annex No. 4
SCHEMA OF THE CONTENT FOR DEPOSIT COLLECTION STANDARDS FOR SAVINGS ACCOUNTS WITH SIMPLIFIED REQUIREMENTS

INTRODUCTION
Define the object of the Deposit Standard to be developed and establish the applicable legislation.
SCOPE
Specify that the Deposit Standard will be applicable to the collection of funds from the public, to which the Financial Institution must adhere.
DEFINITIONS OR TERMINOLOGY USED
Define the concepts and/or abbreviations addressed within the Deposit Standard.
PRODUCT DEFINITION
Establish the concept of the product.
MARKET SEGMENT
Delimit which depositors the product is directed toward.
CHARACTERISTICS OF THE SAVINGS ACCOUNT WITH SIMPLIFIED REQUIREMENTS (CARS)
Establish the main characteristics of the product.
ACCOUNT OPENING

There will be no administration costs that have not been generated and previously agreed upon with the account holder.
Detail the manner in which the account opening will be carried out.
Specify the mandatory documents that the natural person, national, or foreigner must present, as applicable.
Manner in which the CARS formalization will be carried out.
Determine if the opening of the CARS will be conducted in agencies, financial correspondents, or electronic/digital media, or all of the above.
Content of Articles 4, 5, and 7 of the General Guidelines for the Opening of Deposits in CARS.
Other aspects considered by the Entity.

MINIMUM OPENING AMOUNT
There will be no minimum opening amounts as established by Article 13 of the General Guidelines for the Opening of Deposits in CARS.
SECURITY MEASURES
Define them as established by Article 11 of the General Guidelines for the Opening of Deposits in CARS.

Validity Date: December 15, 2025

Annex No. 4

ACCOUNT MANAGEMENT (DEPOSITS AND WITHDRAWALS)
Establish the provisions applicable to the management of the product. Likewise, the content of Article 20 of the Law to Facilitate Financial Inclusion must be considered.
CHANGE OF CLIENT'S ADDRESS
State the depositor's responsibility to inform the entity of changes to their address.
INTERESTS
Specify that interest rates are established by the Requesting Entity and the manner in which they are capitalized, in accordance with Article 56 d) of the Banks Law and Article 37 b) of the Law of Cooperative Banks and Savings and Credit Societies, as well as Article 16 "Minimum information in passive operations" of the Technical Standards for the Transparency and Dissemination of Information of Banking Financial Services (NCM-02).
COMMISSIONS AND SURCHARGES
Establish that the commissions or surcharges applicable to the product will be detailed in the contract, and will be published on billboards located in the agencies, in accordance with Article 64 of the Banks Law or Article 42 of the Law of Cooperative Banks and Savings and Credit Societies; likewise, establish the manner in which compliance with the delivery of the "Minimum information in passive operations" established in the "Technical Standards for the Transparency and Dissemination of Information of Banking Financial Services (NCM-02)" will be given, as applicable. Additionally, the final clause of Article 20 of the Law to Facilitate Financial Inclusion and Article 11 of the General Guidelines for the Opening of Deposits in Savings Accounts with Simplified Requirements must be considered.
FINANCIAL EDUCATION
Detail the programs and initiatives for financial education to develop knowledge among users of Savings Accounts with Simplified Requirements, regarding their use, benefits, and risks, as well as rights and obligations, in such a way that the proper use of their clients' resources is promoted.
DESIGNATION OF BENEFICIARIES
Establish that depositors may designate beneficiaries for which they will specify the respective proportions and the entity's obligation to notify the beneficiary if required by the depositor. Consider the content of Articles 13 to 15 of the General Guidelines for the Opening of Deposits in CARS.
EXEMPTION FROM SEIZURE
The content must be in accordance with Article 56 literal "j" of the Banks Law or Article 37 literal "g" of the Law of Cooperative Banks and Savings and Credit Societies.

Validity Date: December 15, 2025

Annex No. 4

ACCOUNT INACTIVITY
Detail the reasons why the entity will consider the account inactive and include within this section the activation method, as well as the mechanisms to notify account inactivity and avoid prescription, in accordance with Article 73 section 3° of the Banks Law and Article 66 section 3°, of the Law of Cooperative Banks and Savings and Credit Societies.
PRESCRIPTION OF BALANCES
Specify content according to what is established in Article 20 literal g) of the Law to Facilitate Financial Inclusion and Article 16 of the General Guidelines for the Opening of Deposits in CARS.
CLOSURE OR CANCELLATION OF ACCOUNTS
Specify the means the depositor must use to close the CARS, as well as describe the cases in which the requesting entity has the right to close an account, considering Article 13-B of the Consumer Protection Law regarding the right to cancel with the same or similar facilities as had when contracting.
DEPOSIT GUARANTEE
Specify content in accordance with Article 156 of the Banks Law or Article 106 of the Law of Cooperative Banks and Savings and Credit Societies.
AUTHORIZATION AND VALIDITY
Deposit Collection Standards will enter into force fifteen (15) days after the date of approval by the Board of Directors of the Central Bank of Reserve of El Salvador.

Date of Effectiveness: December 15, 2025
Annex No. 5
SCHEME OF CONTENT FOR RULES ON DEPOSIT OF CERTIFICATES OF INVESTMENT DEMATERIALIZED, COMMERCIAL PAPER AND OTHER ISSUANCE TITLES

INTRODUCTION
Define the object of the Deposit Rule to be developed and establish the applicable legislation
DEFINITION: Incorporate the definition of the issuance title
MARKET SEGMENT: Define which depositors the product is aimed at.
CHARACTERISTICS: Form of representation, currency, minimum amount, etc.
TERM: Specify the term from the date of placement.
INTEREST RATES: Specify the base or reference interest rates
PAYMENT METHOD: Identify the payment alternatives.
SETTLEMENT AND PLACE OF PAYMENT: Establish the settlement method and places for payment.
GUARANTEES: Specify the guarantees of the issuances
NEGOTIABILITY: State whether they will be negotiable in the secondary market.
TRANSFER: Specify the means by which transfers will be carried out.
AUTHORIZATION AND EFFECTIVENESS: The Rules will enter into force fifteen (15) days after the date
of approval by the Board of Directors of the Central Bank of Reserve of El Salvador.

Date of Effectiveness: December 15, 2025
Annex No. 6
Transmittal Letter for the Physical Rules
San Salvador, El Salvador, _____ of _________ of _________ Presidency Central Bank of Reserve Present

I, (name of the Legal Representative or Attorney)_______ in my capacity as _ (position)______________ of (name of the requesting entity), submit two (2) copies of the final version of the Deposit Rule:
(Name of the rules or rules), which are under review for submission for approval by the Board of Directors of the Central Bank of Reserve of El Salvador, with the following characteristics and the detailed documentation:

Two original copies of the final version of the Deposit Rule, printed front and back on paper
letterhead of the entity, with each page duly signed and stamped.
Status of the Request: First Time ______ Partial Modification_____ Total Modification_____

Additionally, I request that based on Article 24 of the Law on Access to Public Information, the documentation submitted be treated as CONFIDENTIAL.

For additional information contact:
Name: ____________________________________________ Email: ____________________________________ Contact Phone: __________________________________ Sincerely. Signature: __________________________ Requester

Note: Legalization of the requester's signature in which the documents that prove the quality of the signer are related (Art. 54 of the Notary Law)