LISOL 1 - 270: Minimum Liquidity Requirements. Consequences of Non-Compliance Due to Deficiencies in the Application of Foreign Currency Resources — BCRA — AR

"1999 - Year of Exportation"

CENTRAL BANK OF THE ARGENTINE REPUBLIC

COMMUNICATION "A" 3017 09/11/99

TO FINANCIAL ENTITIES:
Ref.: Circular
LISOL 1 - 270
Minimum Liquidity Requirements.
Consequences of Non-Compliance Due to Deficiencies in the Application of Foreign Currency Resources

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

"- To extend, until December 31, 2000, the validity of the provisions disseminated by Communication "A" 2951 regarding the consequences of deficiencies in the integration of minimum liquidity requirements due to defects in the application of the regime for the capture and placement of foreign currency resources (Communication "A" 1820 and complementary provisions), linked to the transformation into foreign currency time deposits of peso deposits allocable to the financing of assets in that latter currency."

We salute you very respectfully.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
Juan Carlos Isi Andrew Powell
Deputy Manager Chief Economist
Regulatory Regime

cc: Management of Standards for Financial Entities

Lineage: No known changes

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Refers to

Foreign Currency Resource Collection and Application Regime - LISOL 1-44, OPRAC 1-316, OPASI 2-72, REMON 1-6291991 · BCRA
“defects in the application of the regime for the capture and placement of foreign currency resources (Communication "A" 1820 and complementary provisions)”