CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

The Board of Directors, considering:
I. That in session CD-3/2010 dated February 9, 2010, this Board of Directors decided to approve the Manual and Chart of Accounts for Brokerage Houses, effective from May 1, 2010.
II. That in session CD-8/2010 dated April 29, 2010, this Board of Directors agreed to modify the effective date of the manual and chart of accounts for brokerage houses, extending it until July 1, 2010.
III. That subsequent to this date, the Association of Brokerage Houses (ACABOLSA) submitted observations that motivated a review of said Manual, resulting in proposed modifications to the structure and coding of certain accounts, publications, and notes of the Financial Statements, as well as the addition and elimination of accounts, among others.
IV. That the process of discussing said modifications has been carried out with the various brokerage houses that make up ACABOLSA.
V. That in view of the observations made and the need to carry out the corresponding modifications, it is necessary to extend the validity period of the manual and chart of accounts for brokerage houses, so that these entities have the prudent time necessary to adapt both accounting and IT systems.
VI. That taking into account that the proposed modifications require changes to the chart of accounts and the application manual of accounts, which imply exhaustive detail, and in order to facilitate users' better understanding of said changes for its application, it is convenient to approve a new manual and chart of accounts that replaces the one approved on February 9, 2010.

Therefore, based on the above considerations and the legal powers established in letter b) of Article 16 of the Organic Law of the Superintendence of Securities, the Board of Directors AGREES:

The Manual and Chart of Accounts for Brokerage Houses is hereby approved, which is attached to this Resolution and forms an integral part of it.
The Manual and Chart of Accounts for Brokerage Houses, approved in this resolution, will enter into force starting October 1, 2010, so that brokerage houses have the prudent time necessary to adapt their systems.
René Mauricio Guardado Rodríguez
President of the Board of Directors

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MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

CHAPTER I
A. OBJECTIVE
B. APPLICATION
C. STRUCTURE, CODIFICATION AND NAMING
D. CLOSE OF THE ECONOMIC YEAR
E. RECORDS
F. INTERNAL CONTROL APPLIED TO ACCOUNTING RECORDS G. REGISTRATION AND ARCHIVING OF ACCOUNTING DOCUMENTATION. H. SEPARATION OF INCOME AND EXPENSES.
I. APPROVAL AND MODIFICATION OF ACCOUNTING SYSTEMS.
1 DESCRIPTION OF ACCOUNTING SYSTEM
1.1 GENERAL ENTITY DATA
1.2 REGISTRATION DATA OF THE CONSTITUTION DEED
1.3 NAME AND REGISTRATION NUMBER OF THE EXTERNAL AUDITOR
1.4 ADOPTED ACCOUNTING POLICIES AND PROCEDURES.
1.5 DETAIL OF DRAFT NOTES TO BE USED IN THE PUBLICATION OF FINANCIAL STATEMENTS
2 REQUIREMENTS OF ACCOUNTING RECORDS
2.1 METHOD OF KEEPING ACCOUNTING BOOKS
2.2 NATURE OF THE SYSTEM TO BE EMPLOYED
2.3 METHOD OF RECORDING OPERATIONS
2.4 DETAIL OF AUXILIARY BOOKS TO BE KEPT AND THE METHOD OF RECORDING OPERATIONS IN THEM
3 DESCRIPTION OF COMPUTERIZED INFORMATION SYSTEMS 4 CHARACTERISTICS OF HARDWARE USED FOR SYSTEM OPERATION

4.1 PHYSICAL DISTRIBUTION OF TERMINALS OR WORKSTATIONS
4.2 HARDWARE DESCRIPTION
4.2.1 SERVERS
4.2.2 TERMINALS OR WORKSTATIONS
4.2.3 INFORMATION RELATED TO THE NETWORK.
4.3 CONTINGENCY PLAN.
5 SECURITY MEASURES.
6 ADDITIONAL DOCUMENTATION
J. APPROVAL OF FINANCIAL STATEMENTS FOR END OF ECONOMIC YEAR AND MANAGEMENT K. APPLICABLE ACCOUNTING PRINCIPLES AND HYPOTHESES.

GENERAL ACCOUNTING PRINCIPLES
PRUDENCE PRINCIPLE
NON-COMPENSATION PRINCIPLE
CORRELATION OF INCOME AND EXPENSES PRINCIPLE.
RELATIVE MATERIALITY PRINCIPLE
INFORMATION COMPARISON PRINCIPLE
ACCOUNTING HYPOTHESES
ACCRUAL PRINCIPLE
GOING CONCERN PRINCIPLE

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MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010
L. RISK INFORMATION
M. ACCOUNTING INFORMATION VALIDATION SYSTEM
Equations of Portfolio Management Operations:
CHAPTER II
FINANCIAL STATEMENTS TO BE PRESENTED TO THE SUPERINTENDENCE OF THE FINANCIAL SYSTEM AND FOR PUBLICATION(1) A. FINANCIAL STATEMENTS TO BE PRESENTED TO THE SUPERINTENDENCE OF THE FINANCIAL SYSTEM(1) B. PUBLICATION OF FINANCIAL STATEMENTS
C. FORM AND CONTENT OF FINANCIAL STATEMENTS AND NOTES
D. OPERATIONS AND TRANSACTIONS TO BE REPORTED ELECTRONICALLY TO THE SUPERINTENDENCE OF THE FINANCIAL SYSTEM. (5)
CHAPTER III
CHART OF ACCOUNTS
CHAPTER IV
ACCOUNT APPLICATION MANUAL
CHAPTER V (5)
OTHER PROVISIONS (5)

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MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

CHAPTER I

ACCOUNTING MANUAL - OBJECTIVE AND GENERAL PROVISIONS A. OBJECTIVE.
The objective of this Manual is to provide Brokerage Houses with the technical accounting treatment that allows the application of International Accounting Standards and International Financial Reporting Standards, regarding the uniform recording of their transactions, preparation and presentation of their Financial Statements and disclosure of their notes, thus providing a useful instrument for the analysis of information and decision-making by Shareholders, Administrators, the public using the services, the Superintendence of the Financial System, and other interested parties. (1) B. APPLICATION.

This document and the provisions contained therein shall be applied by all entities authorized to operate as Brokerage Houses.
The accounts contained in the Manual do not imply authorization per se to carry out the operations to which they refer; entities must adhere to current legal and regulatory standards.
Brokerage Houses may not use new accounts or primary and secondary sub-accounts without prior written authorization from the Central Reserve Bank, through its Standards Committee. However, they may open additional analytical accounts to those established in the Chart of Accounts, from the eighth and ninth digits, to the degree and detail they consider necessary for better recording and control of their operations. (1)
(5)
To incorporate additional analytical accounts or accounts with more digits in the Chart of Accounts, intended to identify banking entities, Brokerage Houses, and entities specialized in deposit and custody of securities, the codes and designations established by the Central Reserve Bank, through its Standards Committee, must be used. (1) (5)
The Houses must present electronically the monthly trial balance with the main accounts and all corresponding sub-accounts, down to the last level of information, as well as pending repo operations due to mature, in accordance with what is established in letter D of Chapter II of this Accounting Manual. (1) (5)
The Investment Portfolio, both own and registered under portfolio management, must be valued daily, such that accounting records are posted promptly for variations in the value of said assets. All of the above in accordance with International Financial Reporting Standards.

C. STRUCTURE, CODIFICATION AND NAMING.

DEFINITION OF CATALOG STRUCTURE COMPONENTS.
a.- The Catalog has been structured on the basis of a decimal coding system, with an account denomination that contemplates different levels of aggregation, distinguishing:
Element: Identified by the first digit
Section: Identified by the first two digits
Account: Identified by the first three digits
Primary Sub-account: Identified by the first four digits Secondary Sub-account: Identified by the first seven digits
ELEMENTS OF ACCOUNTING.
The elements defined within the structure are associated with the rights, obligations, and equity of Brokerage Houses, and changes in such elements. The established elements are presented below:
CODE ACCOUNTING ELEMENT
1 ASSET
2 LIABILITY
3 EQUITY
4 EXPENSES
5 INCOME
6 OWN COMMITMENT AND CONTROL CONTINGENCIES (5) 7 OWN COMMITMENT AND CONTROL CONTINGENCIES (5) 8 BURSILE SERVICES OPERATIONS, PORTFOLIO MANAGEMENT AND INDIVIDUAL PORTFOLIO MANAGEMENT OPERATIONS (5) 9 OBLIGATIONS FOR BURSILE SERVICES OPERATIONS, PORTFOLIO MANAGEMENT AND INDIVIDUAL PORTFOLIO MANAGEMENT (5)
AGGREGATION SECTIONS.
Identified by the second digit, starting from one (1), such sections are detailed below:

CODE DESCRIPTION
1 ASSET
11 CURRENT ASSET
12 NON-CURRENT ASSET
2 LIABILITY
21 CURRENT LIABILITY
22 NON-CURRENT LIABILITY
3 EQUITY
31 CAPITAL
32 CAPITAL RESERVES
33 REVALUATIONS
34 RESULTS
35 RESTRICTED EQUITY
36 OPTIONS ON SHARE-BASED PAYMENTS
4 EXPENSES
41 OPERATING EXPENSES
42 FINANCIAL EXPENSES
43 EXTRAORDINARY EXPENSES
44 INCOME TAX
5 INCOME
51 OPERATING INCOME
52 FINANCIAL INCOME
53 EXTRAORDINARY INCOME
6 OWN COMMITMENT AND CONTROL CONTINGENCIES (5) 61 DEBITOR COMMITMENT CONTINGENT ACCOUNTS. 62 CONTROL ACCOUNTS 7 OWN COMMITMENT AND CONTROL CONTINGENCIES (5) 71 CREDITOR COMMITMENT AND CONTINGENT ACCOUNTS 72 CREDITOR CONTROL ACCOUNTS 8 BURSILE SERVICES OPERATIONS, PORTFOLIO MANAGEMENT AND INDIVIDUAL PORTFOLIO MANAGEMENT OPERATIONS (1)

CODE DESCRIPTION
81 DEBITOR ACCOUNTS FOR CASH AND RIGHTS FROM BURSILE SERVICES OPERATIONS 82 DEBITOR ACCOUNTS FOR PORTFOLIO MANAGEMENT SERVICES 83 DEBITOR CONTROL ACCOUNTS FOR PORTFOLIO MANAGEMENT 84 DEBTOR ACCOUNTS FOR INDIVIDUAL PORTFOLIO MANAGEMENT SERVICE. (1) 85 DEBITOR CONTROL ACCOUNTS FOR INDIVIDUAL PORTFOLIO MANAGEMENT. (1) 9 OBLIGATIONS FOR BURSILE SERVICES OPERATIONS, PORTFOLIO MANAGEMENT AND INDIVIDUAL PORTFOLIO MANAGEMENT OPERATIONS (1) 91 OBLIGATIONS FOR FUNDS RECEIVED FROM CLIENTS FOR BURSILE OPERATIONS 92 CREDITOR ACCOUNTS FOR OBLIGATIONS FROM PORTFOLIO MANAGEMENT SERVICES 93 CREDITOR CONTROL ACCOUNTS FOR PORTFOLIO MANAGEMENT. 94 CREDITOR ACCOUNTS FOR OBLIGATIONS FROM INDIVIDUAL PORTFOLIO MANAGEMENT SERVICE. (1) 95 CREDITOR CONTROL ACCOUNTS FOR INDIVIDUAL PORTFOLIO MANAGEMENT. (1)

LEDGER ACCOUNTS.
They group economic events of homogeneous nature, identified by the third digit starting with zero (0), allowing a maximum of nine accounts to be grouped per section of the accounting elements; an example of account coding is presented below:
CODE ACCOUNT
110 CASH AND CASH EQUIVALENTS
111 BANKS AND OTHER FINANCIAL INSTITUTIONS
112 RESTRICTED AVAILABLE FUNDS
PRIMARY SUB-ACCOUNTS.
Identified by the fourth digit, they represent aggregations of economic events that provide valuable financial information, coded from digit zero (0), allowing up to ten main sub-accounts to be generated from the ledger account; an example of coding is presented below:
TYPE
111 ACCOUNT BANKS AND OTHER FINANCIAL INSTITUTIONS 1110 SUB-ACCOUNT LOCAL BANKS AND FINANCIAL INSTITUTIONS 1111 SUB-ACCOUNT FOREIGN BANKS AND FINANCIAL INSTITUTIONS
SECONDARY SUB-ACCOUNTS.
Secondary Sub-accounts: Identified by the seventh digit, they represent aggregations of economic events that provide valuable financial information, allowing up to 199 secondary sub-accounts to be generated, grouped within primary sub-accounts and the ledger account; an example of coding is presented below:
CODE. TYPE DESCRIPTION
1110 PRIMARY SUB-ACCOUNT LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS 1110000 SECONDARY SUB-ACCOUNT CHECKING ACCOUNT DEPOSITS 1120 PRIMARY SUB-ACCOUNT. GUARANTEE DEPOSITS 1120000 SECONDARY SUB-ACCOUNT GUARANTEE DEPOSITS IN M.L.
OPENING ANALYTICAL ACCOUNTS FOR BANKS.
Bank accounts will be generated in accordance with the following list, assigning the eighth and ninth digits for identification. DIGITS FINANCIAL INSTITUTION. 00 CENTRAL RESERVE BANK 01 AGRICULTURAL BANK S.A. 02 DAVIVIENDA SALVADORIAN BANK, S.A. (5) 03 MORTGAGE BANK OF EL SALVADOR 04 CUSCATLAN BANK OF EL SALVADOR, S.A. (5) 05 CITIBANK, N. A., EL SALVADOR BRANCH 06 AGRICULTURAL PROMOTION BANK 07 G & T CONTINENTAL BANK EL SALVADOR, S.A. 08 PROMERICA BANK S.A.

09 CUSCATLAN SV BANK, S.A. (5)
10 CENTRAL AMERICA BANK, S.A.
11 ATLANTIDA BANK EL SALVADOR, S.A. (5)
12 ABANK BANK, S. A. (5)
13 FIRST COMMERCIAL BANK-EL SALVADOR BRANCH
14 BANK OF NEW YORK
15 STATE STREET
16 CLEAR STREAM
17 JP MORGAN
Generating the analytical sub-account immediately after the bank it corresponds to, for example:
CODE TYPE DESCRIPTION
1110 PRIMARY SUB-ACCOUNT LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS 1110000 SECONDARY SUB-ACCOUNT CHECKING ACCOUNT DEPOSITS 111000001 AGRICULTURAL BANK ACCOUNT No. 1110010 SECONDARY SUB-ACCOUNT SAVINGS ACCOUNT DEPOSITS 111001001 AGRICULTURAL BANK ACCOUNT No. If new banks arise, they will be added by continuing the sequence of the last assigned code. This coding is applicable to all accounts, primary sub-accounts, and secondary sub-accounts that represent deposits of Brokerage Houses in financial institutions for their own account, for bursile operations, or for portfolio management.

D. CLOSE OF THE ECONOMIC YEAR.
The economic and accounting period will comprise from January 1 to December 31 of each year. E. RECORDS.

ACCOUNTING BOOKS

The movement and balance of accounts will be recorded in the main books, and that of sub-accounts in auxiliary books deemed necessary. The main books that must be legalized are the following:
a. Financial Statements Book b. General Ledger (In case they deem it convenient, they may legalize the books in one single JOURNAL - LEDGER)
c. Journal Book
Accounting records must comply with what is established in Title II, Book Two, of the Commercial Code, insofar as it is applicable. In particular, in the Financial Statements Book, the Balance Sheet, Income Statement, Bursile Operations Statement, Portfolio Management Operations Statement, Cash Flow Statement, Statement of Changes in Equity, and corresponding notes must be posted, in accordance with what is established in article 442 of the Commercial Code. The figures posted in this book must be presented in absolute values including cents, in comparative form with the previous year's figures.
2. TAX BOOKS
The books of legal requirement, in accordance with the Law on Tax on Transfer of Personal Property and Provision of Services, must comply with what is established in article 141 of the Tax Code and Section Five of Chapter VII of the Regulation for the application of the Tax Code; these books are:
a. Purchase Registration Book b. Sales to Taxpayer Registration Book
c. Sales to Consumer Registration Book
3. ADMINISTRATIVE BOOKS
The Brokerage House must keep, legalize, and complete, in addition to the accounting and tax books established above, the following books dictated by the Commercial Code and the regulations issued by the Superintendence of the Financial System, for which we have: (1) a. Minutes Book of the General Meeting of Shareholders, b. Minutes Book of the Board of Directors,
c. Shareholder Registration Book,
d. Capital Increase and Decrease Book (applicable to variable capital societies), e. Order Registration Book for purchase and sale, f. Broker Agents Registration Book.

The Minutes of the General Meeting of Shareholders and the Board of Directors, in addition to complying with what is stipulated in article 246 of the Commercial Code, must be posted in the corresponding Legal Books no later than 15 days after said sessions are held. Values, will be regulated by what is provided in the Regulation for Brokerage Houses. All of the above without prejudice to other legal records required by the Superintendence, in accordance with its legal powers, or required by other mandatory legal norms.
4. REGARDING THE REGISTRATION OF OPERATIONS
At the time of booking, the nature of each operation performed by the entity must be respected, according to the following rules:
a. If the operations are strictly those of the entity, only those accounting accounts defined in the Balance Sheet and Income Statement will be used, i.e., Patrimonial Accounting Accounts. b. If the operations respond to bursile operations, only those accounting accounts defined in the Bursile Operations Statement and the Portfolio Administration Statement will be used, i.e., Operational Accounting Accounts.
c. At no time can Patrimonial Nature Accounts and Operational Accounts be combined in the same accounting entry.
F. INTERNAL CONTROL APPLIED TO ACCOUNTING RECORDS.
Accounting records must contain the necessary detail on the characteristics of assets, liabilities, equity, commitments, bursile operations, and portfolio management, income, and expenses so that all information contained in the different statements to be rendered can be clearly derived from them, which will maintain the necessary correlation both among themselves, when appropriate, and with that accounting base. The entity must maintain at all times an auxiliary detail of each of the accounting sub-accounts, in order to possess adequate integration of records. Likewise, inventories or details of the different items will be kept, independent of the mandatory books required by Salvadoran legislation. For these purposes, entities will establish internal control systems aimed at reasonably ensuring the reliability of accounting records, as well as the correct integration of operations. Therefore, independent of the accounts specified to form the financial statements, details deemed necessary for the preparation of the rest of complementary informative statements will be established, also developing an analytical accounting that provides sufficient information for the calculation of costs and returns of different centers, products, business lines, or other aspects of interest for adequate management control. G. REGISTRATION AND ARCHIVING OF ACCOUNTING DOCUMENTATION. Brokerage Houses are obligated to keep all accounting, tax, administrative, and those determined by the Superintendence books. The operations registered in them must be backed by the corresponding supporting documentation and comply with the norms established in the Commercial Code. Operations will be posted as they are carried out. This without prejudice to sanctions, fines, and others that Brokerage Houses may incur for such delays established in accordance with applicable legal norms by other government entities. The registration of Purchase and Sale Orders, and others related to bursile operations, must be kept up to date.

H. SEPARATION OF INCOME AND EXPENSES.
To associate income with corresponding expenses, they have been segregated as follows:
ORDINARY INCOME AND EXPENSES
Operating Income - Operating Expenses
Financial Income - Financial Expenses
EXTRAORDINARY INCOME AND EXPENSES
Extraordinary Income - Extraordinary Expenses
Expenses directly identifiable to Portfolio Management will be recorded in portfolio management expense accounts. If in some particular cases of expenses, it cannot be defined whether it is for bursile operations or portfolio management, it will be charged to bursile operations, unless a systematic and rational method can be established for its distribution between bursile operations and portfolio management operations.
I. APPROVAL AND MODIFICATION OF ACCOUNTING SYSTEMS.
The accounting system consists of the methods and records established to identify, gather, analyze, classify, record, and report the transactions of an entity, as well as

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maintain the accounting of assets, liabilities, equity, stock operations, portfolio administration operations, control accounts, and results of operations. The accounting system comprises:

The Chart of Accounts and Application Manual.
Accounting records, supporting documents, and auxiliary records.
The accounting processing involved from the initiation of a transaction, to its inclusion in the financial statements, including the manner of using computers for data processing.
The financial information process employed to prepare the entity's financial statements, including estimates and disclosures of important tables.

In consideration of the foregoing, the process to follow to request approval and/or modification to the accounting systems will be:
a) The Houses must submit their application addressed to the Superintendent of the Financial System, attaching the complete accounting system requested for authorization in original and copy, signed by the Legal Representative. (5) b) If the accounting system is computerized, they must attach the information required for such systems.

The minimum information to be detailed within the accounting system, for purposes of approval and modification, will be: (1) (5)

1 DESCRIPTION OF ACCOUNTING SYSTEM
1.1 ENTITY GENERALITIES
Name or Trade Name, Tax Identification Number (NIT) and Taxpayer Registry Number (NRC), Address and Telephone, etc.

1.2 DATA FROM THE REGISTRATION OF THE CONSTITUTION DEED

1.3 NAME AND REGISTRATION NUMBER OF THE EXTERNAL AUDITOR

1.4 ACCOUNTING POLICIES AND PROCEDURES ADOPTED.
Consists of presenting the accounting policies and procedures that the Brokerage House will employ, in accordance with the minimum disclosures required by this Chart of Accounts and the applicable International Financial Reporting Standards.

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1.5 DETAIL OF PROJECTED NOTES TO BE USED IN THE PUBLICATION OF FINANCIAL STATEMENTS
Consists of describing the notes to the financial statements to be prepared, in accordance with the minimum disclosures required by the Manual and Chart of Accounts for Brokerage Houses and the applicable International Financial Reporting Standards.

2 REQUIREMENTS OF ACCOUNTING RECORDS
2.1 METHOD OF KEEPING ACCOUNTING BOOKS
Indicate whether accounting will be kept in bound and folioed books, on separate sheets, or other physical or electronic means.

2.2 NATURE OF THE SYSTEM TO BE EMPLOYED
Description of the name and manner of operation of the computer system.

2.3 METHOD OF RECORDING OPERATIONS
Explain in what manner operations will be recorded in the legalized accounting records.

2.4 DETAIL OF AUXILIARY BOOKS TO BE KEPT AND THE METHOD OF RECORDING OPERATIONS IN THEM

3 DESCRIPTION OF COMPUTERIZED INFORMATION SYSTEMS1
3.1 DESIGN OF THE COMPUTERIZED ACCOUNTING SYSTEM
The content of this section comprises a description of the manner of recording, operating, and generating accounting records within the computer system.

3.1.1 DESCRIPTION OF MODULES 2

NAME OF THE MODULE
IMPLEMENTATION LANGUAGE
OBJECTIVE OF THE MODULE
Describe generally what is the main function of the specific accounting module.
MAIN SUB-MODULES (With explanation of them.)
REPORTS ISSUED BY THE MODULE, ON PAPER, SCREEN, OR MAGNETIC FILES

1The description must incorporate, in addition to the accounting system, any other computer system that the Brokerage House employs for its operations, such as the order registration system for purchases and sales; the systems it will use to control Portfolio Administration Operations. 2 The description applies to the main program, as well as to each of the sub-modules.

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Exposing:
Name of the report,
Frequency of issuance,
Objective of the report.

3.1.2 DESCRIPTION OF DATABASES

NAME OF THE DATABASE
OBJECTIVE
DATABASE MANAGER (WITH VERSION DETAIL)
METHOD OF DATA CAPTURE
In this particular area, it must be specified whether the content of the database is generated by the system through automatic calculation or corresponds to information captured by the user.
DETAILED DESCRIPTION OF FIELDS.
Field Name
Field Type
Meaning and use of the field
DATA DICTIONARY

3.1.3 FLOWCHART OF MODULES AND PROGRAMS
The flowchart must show the flow of data through the system and the interrelation between the steps of the process and the computer routines.

3.1.4 ENTITY-RELATIONSHIP DIAGRAMS

4 CHARACTERISTICS OF THE HARDWARE USED FOR SYSTEM OPERATION
4.1 PHYSICAL DISTRIBUTION OF TERMINALS OR WORKSTATIONS
4.2 HARDWARE DESCRIPTION
4.2.1 SERVERS

NUMBER OF SERVERS
PROCESSOR
RAM MEMORY
HARD DRIVE CAPACITY
INSTALLED SOFTWARE
OPERATING SYSTEM

4.2.2 TERMINALS OR WORKSTATIONS

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PROCESSOR
RAM MEMORY
HARD DRIVE CAPACITY
NETWORK CARD
INSTALLED SOFTWARE
OPERATING SYSTEM

4.2.3 INFORMATION RELATED TO THE NETWORK

NETWORK OPERATING SYSTEM
NETWORK TOPOLOGY
NETWORK PROTOCOLS
INTERNAL AND EXTERNAL NETWORK COMMUNICATIONS

4.3 CONTINGENCY PLAN
Consists of an exposition of measures to be taken, in order to avoid loss of information or so that in case of disasters, the system can continue to operate.

5 SECURITY MEASURES
Consists of an exposition of the measures to be taken internally in order to minimize the inherent risk existing for the different assets, as well as for the assets of clients in administration. It must also comprise access measures to information in physical or magnetic files.

6 ADDITIONAL DOCUMENTATION
The following documentation must be attached in original and copy:

Source documentation to be used for the registration of operations. (Income notes, expense notes, journal vouchers, etc.)
Formats of main books, except for the books required by the Law on Tax on the Transfer of Movable Goods and on the Provision of Services.
Formats of auxiliary books.
System reports (On paper or screen).
Technical and operation manual of the computer system.
User manual of the computer system.

A photocopy of the payment receipt for Commercial Registry fees must also be attached.

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J. APPROVAL OF THE FINANCIAL STATEMENTS FOR THE END OF THE ECONOMIC YEAR AND MANAGEMENT. The financial statements for the end of the economic year and management must be included in the Annual Report to be presented at the General Shareholders' Meeting, for its approval by the same, in the manner established in Chapter II of this Manual and taking into account the following procedures:

The Board of Directors of the Brokerage House must annually prepare the Report, prior to consideration and approval in the General Shareholders' Meeting, within forty-five (45) days following the close of the exercise.
The Management Report must contain as a minimum: General identification, Registry Number in the RPB, President's Letter, Main achievements, Description of the company, Shareholders, Board of Directors, Administration and staff, Activities and Business of the company, Risk Factors, Financial Reports (Administrative and External Auditor Reports) and must be sent to the Superintendence within a period of 10 business days after its approval.

K. APPLICABLE ACCOUNTING PRINCIPLES AND HYPOTHESES.
In addition to the specific norms established in the description and application of the items, accounts, and sub-accounts, some General Accounting Principles and Hypotheses are established, whose application must be observed when registering the operations carried out by the Brokerage Houses.

GENERAL ACCOUNTING PRINCIPLES
Accounting will be developed by obligatorily applying the Accounting Principles indicated below:

PRINCIPLE OF PRUDENCE
It will prevail over any other principle in case of conflict. Foreseeable risks and potential losses must be accounted for as soon as they are known. Facts disclosed publicly and those communicated privately to the entity are considered known from the moment of their disclosure or receipt of the communication, respectively. All amortizations and depreciations must be taken into account, whether the exercise ends with a profit or a loss.

PRINCIPLE OF NON-COMPENSATION
Under no circumstances may asset and liability items in the Balance Sheet, nor expense and income items in the Statement of Results, be offset, unless specifically authorized by an International Financial Reporting Standard, which must be reported to the Superintendence.

PRINCIPLE OF CORRELATION OF INCOME AND EXPENSES.
By virtue of this, the statement of results must reflect the income of the exercise and the total of the expenses necessary for obtaining them.

PRINCIPLE OF UNIFORMITY
Once a criterion has been adopted in the application of the Accounting Principles within the alternatives that, if applicable, they allow, it must be maintained over time as long as the assumptions that motivated the choice of said criterion are not altered. If for justified cause these vary, an explanatory note must accompany the affected statements to allow appreciation of the origin of the new criteria and their quantitative and qualitative effect on equity, results, and total assets. Likewise, such variation and its effects must be recorded in the notes to the financial statements included in the annual financial statements.

PRINCIPLE OF RELATIVE IMPORTANCE
Each item that possesses sufficient relative importance must be presented separately in the financial statements. Items of insignificant amounts must appear grouped with others of similar nature or function, provided they must not be presented separately.

PRINCIPLE OF COMPARISON OF INFORMATION
The numerical information in the annual financial statements must be presented together with the data from the previous exercise. When the method of preparation or classification of items in the financial statements is altered, the amounts of the previous exercise must be changed unless it is impossible to do so. In case it is not possible to make this modification, the reasons for such limitation must be informed in the notes to the financial statements.

ACCOUNTING HYPOTHESES

PRINCIPLE OF ACCRUAL
As a general criterion, the attribution of income and expenses to the Statement of Results will be made based on the actual flow they represent, independent of the moment of their collection or payment.

PRINCIPLE OF GOING CONCERN
The management of the entity will be considered indefinite. Financial statements must be prepared based on the assumption of a going concern. Consequently, the application of accounting principles will not be aimed at determining the value of equity for purposes of its global or partial alienation, nor the resulting amount in case of liquidation. In case there is doubt about the continuity of the business, Management must reveal this fact in the financial statements. If the financial statements are not prepared on the basis of a going concern, such circumstance must be revealed along with the alternative criteria that have been used and the reasons why the entity cannot be considered as a going concern.

L. INFORMATION ON RISKS.
Entities will maintain information and monitoring systems of the situation of the various classes of relevant risks according to the nature of their business and appropriate to their operations. In particular, they must have information to be able to evaluate at all times their risks due to fluctuations in the quotations of securities or instruments derived from them, interest rates, and currencies, their liquidity risk, both by their treasury position and by the composition or availability of their portfolio of securities, their credit risk derived from insolvency in financial investments, their counterparty risk in assumed commitments, and their risk of concentration of assets, liabilities, and commitments by subjects, financial groups, terms, and sectors of economic activity. Likewise, entities must equip themselves with control systems that allow adequate monitoring of compliance with the limits established on the assumption of risks, observing what is provided in the Integral Risk Management of Entities of the Merca -11), approved by the Central Bank through its Standards Committee. (5) The information referred to above will be available to the Board of Directors of the Superintendent of the Financial System at all times in accordance with what is provided in article 32 of the Law on Supervision and Regulation of the Financial System. (1)

M. REPEALED (5)

CHAPTER II
FINANCIAL STATEMENTS TO BE PRESENTED TO THE SUPERINTENDENCE OF THE FINANCIAL SYSTEM AND FOR PUBLICATION (1)

A. FINANCIAL STATEMENTS TO BE PRESENTED TO THE SUPERINTENDENCE OF THE FINANCIAL SYSTEM. (1)

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MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

The Houses must present their complete monthly, semi-annual, or annual Financial Statements to the Superintendent of the Financial System in the formats, deadlines, periodicity, and under the grouping norms dictated in this Manual. These Financial Statements are the only valid for all effects, whether for approval in the General Shareholders' Meeting, inclusion in the Annual Report, and publication in the press or for any other type of dissemination in the country or abroad, with the exception of the Financial Statements that must be prepared for tax purposes, while there are fiscal criteria that differ from what is established in this Manual. The semi-annual and annual Financial Statements must be accompanied by the Intermediate Report and/or External Auditor's Opinion, as applicable. (1)
The semi-annual or annual Financial Statements, such as: Balance Sheet, Statement of Results, Statement of Stock Operations, Statement of Portfolio Administration Operations, Statement of Changes in Equity, Statement of Cash Flows, and the notes to them, which are sent to the Superintendent of the Financial System, must be presented obligatorily with the signatures of the General Accountant, the person holding the main executive position, i.e., the General Manager, the Legal Representative, and the External Auditor, and their corresponding seals. (1)
These Financial Statements must be expressed in United States Dollars in absolute figures including cents.
In accordance with what is established in Roman numeral II of article 41 of the Commercial Code, they must annually inform about the persons authorized to sign the financial statements, as well as notify the signature of such persons in the Registry of the Superintendent of the Financial System. The General Accountant should preferably be a Licensed Public Accountant. Such communication will be required when there are changes in the persons authorized to sign the Financial Statements, without prejudice to the obligation to inform the Supervision and Control Department. (1)
The signatures must be identified regarding the persons to whom they belong and their corresponding positions, considering that they imply the declaration that the information contained in the documents signed has been extracted from the legal and auxiliary books of the entity and verified for accuracy and integrity.
The semi-annual and annual Financial Statements presented to the Superintendent of the Financial System must be considered and approved by the Board of Directors for those corresponding to June 30, and by the General Shareholders' Meeting of the entity for those corresponding to December 31, in the first meeting held after the presentation of said financial statements, leaving written record in the respective minutes of their review and analysis, and sending copies of said minutes to the Superintendence no later than the last day of the publication deadline for semi-annual Financial Statements and eight business days after the General Shareholders' Meeting, in the case of annual financial statements. In case there are observations, these must be reported immediately to the Superintendent of the Financial System. (1) (5)
At the foot of each semi-annual and annual Financial Statement, the following must be described:
Repealed (5)
The Houses will present through electronic systems their Trial Balances and other monthly reports to the Superintendent of the Financial System, within eight business days following the month to which the information corresponds; in addition, the monthly Trial Balance must comprise all secondary sub-accounts, currency, and auxiliary sub-accounts up to the last level of information, with movements and balances, in accordance with what is established in letter D of this Chapter. (1) (5)
When it comes to trial balances and semi-annual or annual information, the Houses will send them electronically within sixty calendar days following the month to which the definitive information corresponds, without this meaning that the provisional information of said months does not have to be presented within the period stipulated in the previous number. (5)
The Financial Statements and information will be presented by the Houses to the Superintendent of the Financial System in a comparative manner with the immediate previous period and in the formats (from A to H) and frequencies indicated below: (1) (4)
The frequency of presentation of the financial statements is:
Frequency Format Name
Semi-annual A Balance Sheet
Semi-annual B Statement of Results
Semi-annual C Statement of Stock Operations
Semi-annual D Statement of Portfolio Administration Operations Semi-annual (4) E (4) Statement of Individual Portfolio Administration Operations (4) Semi-annual F (4) Statement of Changes in Equity Semi-annual G (4) Statement of Cash Flows Semi-annual H (4) Notes to the Financial Statements Monthly I Repealed (5)

B. PUBLICATION OF FINANCIAL STATEMENTS.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

The Houses, in accordance with current norms, must publish their semi-annual and annual Financial Statements along with the Auditor's Opinion, within a period of sixty days after the end of the period, in two widely circulated national written newspapers. The notes to the financial statements form an integral part of them and are therefore subject to mandatory publication. The Intermediate Balance Sheet, the Intermediate Statement of Stock Operations, and the Intermediate Portfolio Administration Statement, must be presented in a comparative manner with the annual Financial Statements of the immediate previous period. The remaining Intermediate Financial Statements will be presented with their similar from the semester of the immediate previous period. If the Superintendent of the Financial System determines the existence of data that alter, modify, or affect the published financial statements, the notes, or that the latter have not been published in their entirety, it will require the entity to publish anew, in the same widely circulated national newspapers in which it was originally published, accompanied by its explanatory note proposed by the Brokerage House and approved by the Superintendence. (1) In case the Brokerage House refuses to publish the corrected financial statements as well as their respective notes, required in accordance with this Manual, the Superintendence will instruct a period for the Brokerage House to make the publication effective; otherwise, the corresponding sanction will be imposed in accordance with what is established in the Law on Supervision and Regulation of the Financial System. (2) The published Financial Statements and their notes must be expressed in thousands of United States Dollars. Brokerage Houses must appoint a person responsible for sending the information related to the publications they carry out and will notify through the Control of Sendings system to the Superintendence, the name and position held. (5) The appointed person must send the information no later than the business day following the expiration of the granted period, through Control of Sendings to the Superintendence, in the following format: (5) Name of the Publication Page Date of Publication Newspapers

C. FORM AND CONTENT OF FINANCIAL STATEMENTS AND NOTES.
The basic content of the information to be published is presented in the models listed below:

FORMAT "A"
FORMAT "B"
Statement of Stock Operations.
Statement of Portfolio Administration Operations.
FORMAT "E" Statement of Individual Portfolio Administration Operations.(4)
Statement of Changes in Equity. (4)
G Statement of Cash Flows. (4)
H (4)
Repealed (4) (5)

The corresponding account code is attached to facilitate the identification of the accounts to be published. It is at the option of the Brokerage Houses to publish the financial statements under the account or report modality, when applicable. It must be understood that what is detailed in the Financial Statements and their notes is the minimum to be published, leaving it at the option of the Brokerage House to expand the information provided to the public. In the header of each Financial Statement, below the name of the Brokerage House, it must be described to which financial conglomerate it belongs (if applicable), example:
subsidiary,

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

COMPARATIVE BALANCE SHEET

NAME OF THE BROKERAGE HOUSE
GENERAL BALANCE SHEET
AS OF XX/XX/XXXX
(EXPRESSED IN THOUSANDS OF UNITED STATES DOLLARS) ACCOUNT CODE 2XX1 2XX0 1 ASSETS 11 CURRENT ASSETS $ $ 110 CASH AND CASH EQUIVALENTS $ $ 111 BANKS AND OTHER FINANCIAL INSTITUTIONS 112 RESTRICTED AVAILABILITY $ $ 113 FINANCIAL INVESTMENTS $ $ 114 ACCOUNTS AND NOTES RECEIVABLE $ $ 115 RELATED ACCOUNTS AND NOTES RECEIVABLE. $ $ 116 REVENUES RECEIVABLE $ $ 117 TAXES $ $ 118 PREPAID EXPENSES $ $ 12 NON-CURRENT ASSETS $ $ 120 REAL ESTATE $ $ 121 FURNITURE 122 IMPROVEMENTS ON PROPERTY, PLANT AND EQUIPMENT 123 LONG-TERM FINANCIAL INVESTMENTS 124 LONG-TERM ACCOUNTS AND NOTES RECEIVABLE $ $ 125 LONG-TERM RELATED ACCOUNTS AND NOTES RECEIVABLE $ $ 126 INTANGIBLE ASSETS $ $ 127 CONSTRUCTION WORK IN PROGRESS $ $ 128 LONG-TERM ASSETS HELD FOR SALE $ $ TOTAL ASSETS $ $ 2 LIABILITIES 21 CURRENT LIABILITIES $ $ 210 LOANS AND OVERDRAFTS WITH LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS $ $ 211 CURRENT PORTION OF LONG-TERM LIABILITIES $ $ 212 OBLIGATIONS FROM STOCK EXCHANGE OPERATIONS $ $ 213 ACCOUNTS PAYABLE $ $

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 214 RELATED ACCOUNTS PAYABLE $ $ 215 OWN TAXES PAYABLE $ $ 216 DIVIDENDS PAYABLE $ $ 217 NEGOTIABLE FINANCIAL LIABILITIES $ $ 218 OTHER FINANCIAL LIABILITIES AT FAIR VALUE WITH EFFECT ON RESULTS. $ $ 219 HEDGING FINANCIAL DERIVATIVE INSTRUMENTS $ $

22 NON-CURRENT LIABILITIES $ $
220 LONG-TERM BANK LOANS $ $
221 LONG-TERM OBLIGATIONS WITH RELATED COMPANIES $ $ 222 DEFERRED INCOME TAX $ $ 223 DEFERRED REVENUE $ $ 224 FINANCIAL LEASE OBLIGATIONS $ $ 225 ESTIMATE FOR LABOR OBLIGATIONS $ $ TOTAL LIABILITIES 3 EQUITY 31 CAPITAL $ $ 310 SHARE CAPITAL $ $ 311 ADDITIONAL CAPITAL $ $ 32 CAPITAL RESERVES $ $ 320 CAPITAL RESERVES $ $ 321 OTHER MANDATORY RESERVES $ $ 322 VOLUNTARY RESERVES $ $ 33 REVALUATIONS $ $ 330 REVALUATIONS OF REAL ESTATE $ $ 331 REVALUATIONS OF FURNITURE $ $ 332 REVALUATIONS OF INVESTMENTS $ $ 333 REVALUATIONS OF LONG-TERM ASSETS HELD FOR SALE $ $ 34 RESULTS $ $ 340 ACCUMULATED RESULTS FROM PRIOR YEARS $ $ 341 RESULTS OF THE CURRENT YEAR $ $ 35 RESTRICTED EQUITY

$ $
350 RESTRICTED EQUITY $ $
36 SHARE-BASED PAYMENT OPTIONS $ $
360 SHARE-BASED PAYMENT OPTIONS $ $

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 TOTAL LIABILITIES PLUS EQUITY $ $

CONTINGENT COMMITMENT AND CONTROL ACCOUNTS (5) 6 CONTINGENT COMMITMENTS AND CONTROL ACCOUNTS (5) 61 DEBIT CONTINGENT COMMITMENT ACCOUNTS. $ $ 610 GUARANTEES ISSUED $ $ 611 LITIGATION AND LAWSUITS $ $ 612 SECURITIES OF ISSUERS IN EXISTENCE FOR TRADING $ $ 613 OTHER CONTINGENCIES AND COMMITMENTS $ $ 614 OWN REPurchase OPERATIONS $ $ 62 CONTROL ACCOUNTS $ $ 620 OWN SECURITIES AND ASSETS IN CUSTODY $ $ 621 OWN SECURITIES AND ASSETS PLEDGED AS COLLATERAL $ $ 622 UNUTILIZED CREDITS OBTAINED $ $ 623 GUARANTEES RECEIVED $ $ 624 DIVERSE CONTROL ACCOUNTS $ $ TOTAL $ $ 7 OWN CONTINGENT COMMITMENTS AND CONTROL ACCOUNTS (5) 71 CREDIT CONTINGENT AND COMMITMENT ACCOUNTS $ $ 710 LIABILITY FOR GUARANTEES ISSUED $ $ 711 LIABILITY FOR LITIGATION AND LAWSUITS $ $ 712 LIABILITY FOR PRIMARY PLACEMENT COMMITMENTS. $ $ 713 LIABILITY FOR OTHER CONTINGENCIES AND COMMITMENTS. $ $ 714 OBLIGATIONS AND RIGHTS FROM OWN REPurchase OPERATIONS. $ $ 72 CREDIT CONTROL ACCOUNTS $ $ 720 CONTRA-ACCOUNT FOR OWN SECURITIES AND ASSETS IN CUSTODY $ $ 721 CONTRA-ACCOUNT FOR OWN SECURITIES AND ASSETS PLEDGED AS COLLATERAL $ $ 722 CONTRA-ACCOUNT FOR UNUTILIZED CREDITS OBTAINED $ $ 723 LIABILITY FOR GUARANTEES RECEIVED $ $ 724 CONTRA-ACCOUNT FOR DIVERSE CONTROL ACCOUNTS $ $ TOTAL $ $

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

INCOME STATEMENT
NAME OF THE BROKERAGE HOUSE
INCOME STATEMENT
PERIOD FROM ___ OF _____ TO ____ OF _____ OF XXXX (EXPRESSED IN THOUSANDS OF UNITED STATES DOLLARS) 2XX1 2XX0 5 REVENUE 51 OPERATING REVENUE $ $ 510 REVENUE FROM STOCK EXCHANGE SERVICES $ $ 511 512 OPERATING REVENUE FROM PORTFOLIO MANAGEMENT SERVICES. OTHER REVENUE (1) $ $ $ $ 513 OPERATING REVENUE FROM INDIVIDUAL PORTFOLIO MANAGEMENT SERVICE (1) $ $ 4 EXPENSES 41 OPERATING EXPENSES $ $ 410 OPERATING EXPENSES FOR STOCK EXCHANGE SERVICES $ $ 411 OPERATING EXPENSES FOR PORTFOLIO MANAGEMENT SERVICES. $ $ 412 GENERAL ADMINISTRATIVE AND STOCK EXCHANGE OPERATIONS PERSONNEL EXPENSES. $ $ 413 EXPENSES FOR DEPRECIATION, AMORTIZATION AND IMPAIRMENT FROM CURRENT OPERATIONS $ $ 414 EXPENSES FOR DEPRECIATION OF PROPERTY, PLANT AND EQUIPMENT ALLOCATED TO PORTFOLIO $ $ 415 416 417 IMPAIRMENT OF LONG-TERM ASSETS HELD FOR SALE OPERATING EXPENSES FOR INDIVIDUAL PORTFOLIO MANAGEMENT SERVICE (1) EXPENSES FOR DEPRECIATION OF PROPERTY, PLANT AND EQUIPMENT ALLOCATED TO INDIVIDUAL PORTFOLIO MANAGEMENT (1) $ $ $ $ $ $ OPERATING RESULTS $ $ PLUS 52 FINANCIAL REVENUE $ $ 520 FOREIGN CURRENCY BUY-SELL OPERATIONS $ $ 521 REVENUE FROM FINANCIAL INVESTMENTS $ $ 522 REVENUE FROM ACCOUNTS AND NOTES RECEIVABLE $ $ 523 RECOVERY OF FINANCIAL ASSETS $ $ 524 OTHER FINANCIAL REVENUE $ $ RESULTS BEFORE INTEREST AND TAXES $ $ 42 FINANCIAL EXPENSES $ $ 420 EXPENSES FROM FOREIGN CURRENCY CHANGE OPERATIONS $ $ 421 OPERATING EXPENSES FROM OWN INVESTMENTS $ $ 422 EXPENSES FOR OBLIGATIONS WITH FINANCIAL INSTITUTIONS $ $ 423 EXPENSES FOR ACCOUNTS AND NOTES PAYABLE $ $

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 NAME OF THE BROKERAGE HOUSE INCOME STATEMENT PERIOD FROM ___ OF _____ TO ____ OF _____ OF XXXX (EXPRESSED IN THOUSANDS OF UNITED STATES DOLLARS) 2XX1 2XX0 424 EXPENSES FOR ASSETS RECEIVED UNDER FINANCIAL LEASE $ $ 425 OTHER FINANCIAL EXPENSES $ $ 426 PROVISIONS FOR UNCOLLECTIBILITY AND IMPAIRMENT OF INVESTMENTS $ $ 427 LOSSES ON SALE OF ASSETS $ $ RESULTS AFTER INTEREST AND BEFORE TAXES $ $ 44 INCOME TAX $ $ 440 INCOME TAX $ $ RESULTS AFTER TAXES $ $ 53 EXTRAORDINARY REVENUE $ $ 530 EXTRAORDINARY REVENUE $ $ 43 EXTRAORDINARY EXPENSES $ $ 430 EXTRAORDINARY EXPENSES $ $ RESULTS FOR THE PERIOD $ $ RETAINED EARNINGS (LOSS) AT THE BEGINNING OF THE YEAR $ $ LESS DECLARED DIVIDENDS $ $ TOTAL RETAINED EARNINGS AT THE END OF THE YEAR $ $ DETERMINATION OF EARNINGS PER SHARE EARNINGS FOR THE PERIOD AND BEFORE TAXES $ $ EARNINGS FOR THE PERIOD AND BEFORE EXTRAORDINARY ITEMS $ $ EARNINGS AFTER EXTRAORDINARY ITEMS $ $ No. OF COMMON SHARES IN CIRCULATION NOMINAL VALUE PER SHARE $ $

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 FORMAT STATEMENT OF STOCK EXCHANGE OPERATIONS NAME OF THE BROKERAGE HOUSE STATEMENT OF STOCK EXCHANGE OPERATIONS AS OF XX/XX/XXXX (EXPRESSED IN THOUSANDS OF UNITED STATES DOLLARS) 2XX1 2XX0 81 DEBIT ACCOUNTS FOR CASH AND RIGHTS FROM STOCK EXCHANGE OPERATIONS SERVICES 810 CASH $ $ 811 BANKS $ $ 812 ACCOUNTS RECEIVABLE $ $ 813 SECURITIES TO BE RECEIVED $ $ 814 SECURITIES RECEIVED $ $ 815 SECURITIES DELAYED FOR TRADING $ $ 816 SECURITIES RECEIVED FOR CUSTODY AND COLLECTION. $ $ 817 DEBIT OPERATIONS WITH BANKS. $ $ TOTAL DEBIT ACCOUNTS FOR STOCK EXCHANGE SERVICES

91 OBLIGATIONS FOR FUNDS RECEIVED FROM CLIENTS FOR STOCK EXCHANGE OPERATIONS 910 OBLIGATIONS FOR FUNDS RECEIVED FROM CLIENTS $ $ 911 ACCOUNTS PAYABLE $ $ 912 SECURITIES PENDING TRADING $ $ 913 SECURITIES TO BE DELIVERED $ $ 914 CONTROL OF SECURITIES RECEIVED FOR CUSTODY $ $ 915 CREDIT OPERATIONS WITH BANKS $ $ TOTAL CREDIT ACCOUNTS FOR STOCK EXCHANGE SERVICES $ $

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

STATEMENT OF PORTFOLIO MANAGEMENT OPERATIONS

NAME OF THE BROKERAGE HOUSE
STATEMENT OF PORTFOLIO MANAGEMENT OPERATIONS
AS OF XX/XX/XXXX
(EXPRESSED IN THOUSANDS OF UNITED STATES DOLLARS) 2XX1 2XX0 82 DEBIT ACCOUNTS FOR PORTFOLIO MANAGEMENT SERVICES 820 CASH $ $ 8200 PORTFOLIO X $ $ 821 BANK ACCOUNTS PORTFOLIO MANAGEMENT $ $ 8210 PORTFOLIO X $ $ 822 INVESTMENT PORTFOLIO $ $ 8220 PORTFOLIO X $ $ 823 REVENUE RECEIVABLE $ $ 8230 PORTFOLIO X $ $ 824 EXPENSES CHARGED TO CLIENTS $ $ 8240 PORTFOLIO X $ $ 825 TAXES CHARGED TO CLIENTS $ $ 8250 PORTFOLIO X $ $ TOTAL DEBIT ACCOUNTS 92 CREDIT ACCOUNTS FOR OBLIGATIONS FROM PORTFOLIO MANAGEMENT SERVICES 920 INVESTMENTS TO BE MADE BY PORTFOLIO MGMT $ $ 9200 PORTFOLIO X $ $ 921 OBLIGATIONS BY PORTFOLIO MGMT $ $ 9210 PORTFOLIO X $ $ 922 OBLIGATIONS WITH THIRD PARTIES. $ $ 9220 PORTFOLIO X $ $ 923 REVENUE FOR CLIENTS $ $ 9230 PORTFOLIO X $ $ TOTAL CREDIT ACCOUNTS 83 DEBIT CONTROL ACCOUNTS FOR PORTFOLIO MANAGEMENT $ $ 830 RIGHTS TO RECEIVE IN CASH FROM PURCHASE REPurchase PORTFOLIO MANAGEMENT $ $ 8300 PORTFOLIO X 831 REPURCHASE RIGHTS FROM SALES REPurchase $ $ 8310 PORTFOLIO X TOTAL DEBIT PORTFOLIO ACCOUNTS 93 CREDIT CONTROL ACCOUNTS FOR PORTFOLIO MANAGEMENT. 930 OBLIGATIONS FROM SALE REPurchase OF SECURITIES $ $ 9300 PORTFOLIO X $ $

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 NAME OF THE BROKERAGE HOUSE STATEMENT OF PORTFOLIO MANAGEMENT OPERATIONS AS OF XX/XX/XXXX (EXPRESSED IN THOUSANDS OF UNITED STATES DOLLARS) 2XX1 2XX0 931 OBLIGATION FOR RESALE OF SECURITIES, FROM PURCHASE REPurchases. $ $ 9310 PORTFOLIO $ $

TOTAL CREDIT STOCK EXCHANGE PORTFOLIO ACCOUNTS

STATEMENT OF INDIVIDUAL PORTFOLIO MANAGEMENT OPERATIONS (1)

NAME OF THE BROKERAGE HOUSE
STATEMENT OF INDIVIDUAL PORTFOLIO MANAGEMENT OPERATIONS.
AS OF XX/XX/XXXX (1)
(EXPRESSED IN THOUSANDS OF UNITED STATES DOLLARS)(1) 2XX1 2XX0 84 DEBIT ACCOUNTS FOR INDIVIDUAL PORTFOLIO MANAGEMENT SERVICES (1) 840 CASH (1) $ $

841 BANK ACCOUNTS INDIVIDUAL PORTFOLIO MANAGEMENT (1) $ $

842 INVESTMENT PORTFOLIO (1) $ $

843 REVENUE RECEIVABLE (1) $ $

844 EXPENSES CHARGED TO CLIENTS (1) $ $

845 TAXES CHARGED TO CLIENTS (1) $ $

TOTAL DEBIT ACCOUNTS (1)
94 CREDIT ACCOUNTS FOR OBLIGATIONS FROM SERVICES IN INDIVIDUAL PORTFOLIO MANAGEMENT (1) 940 INVESTMENTS TO BE MADE BY INDIVIDUAL PORTFOLIO MANAGEMENT (1) $ $

941 OBLIGATIONS FOR INDIVIDUAL PORTFOLIO MANAGEMENT (1) $ $

942 OBLIGATIONS WITH THIRD PARTIES. (1) $ $

943 REVENUE FOR CLIENTS (1) $ $

TOTAL CREDIT ACCOUNTS. (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 NAME OF THE BROKERAGE HOUSE STATEMENT OF INDIVIDUAL PORTFOLIO MANAGEMENT OPERATIONS. AS OF XX/XX/XXXX (1) (EXPRESSED IN THOUSANDS OF UNITED STATES DOLLARS)(1) 2XX1 2XX0

85
CONTROL DEBIT ACCOUNTS FOR INDIVIDUAL PORTFOLIO MANAGEMENT. (1) $ $ 850 RIGHTS TO RECEIVE IN CASH FROM PURCHASE REPurchase INDIVIDUAL PORTFOLIO MANAGEMENT (1) $ $

851 REPURCHASE RIGHTS FROM SALES REPurchase (1) $ $

TOTAL DEBIT PORTFOLIO ACCOUNTS(1)
95 CREDIT CONTROL ACCOUNTS FOR INDIVIDUAL PORTFOLIO MANAGEMENT. (1) 950 OBLIGATIONS FROM SALE REPurchase OF SECURITIES (1) $ $

951 OBLIGATION FOR RESALE OF SECURITIES, FROM PURCHASE REPurchases. (1) $ $

TOTAL CREDIT STOCK EXCHANGE PORTFOLIO ACCOUNTS (1)

STATEMENT OF CHANGES IN EQUITY

NAME OF THE BROKERAGE HOUSE
STATEMENT OF CHANGES IN EQUITY FOR THE PERIODS ...
(Expressed in thousands of United States Dollars) Shareholder Capital Reserves Revaluations Accumulated Result Total $ $ $ $ $

Increase/decrease in share capital $ ($ ) $
Capitalization of earnings $ ($ ) ($ ) ($ ) $
Revaluation $ $
Dividends paid ($ ) ($ )
Result of the period. $ $
Retained earnings $
Transfer of earnings to Legal Reserve ($ )
Change in the value of investments $
Balances as of ... $ $ $ $ $

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 Increase/ decrease in share capital $ ($ ) $ $ Capitalization of earnings $ ($ ) ($ ) ($ ) $ Revaluation $ Dividends paid ($ ) Result of the period $ $ Retained earnings $ Transfer of earnings to Legal Reserve ($ ) Change in the value of Investments $ $ Balances as of ... $ $ $ $ $

STATEMENT OF CASH FLOWS

NAME OF THE BROKERAGE HOUSE

(Expressed in thousands of United States Dollars) 2XX1 2XX0 CASH FLOW FROM OPERATING ACTIVITIES Income from own investment operations. $ $ Revenue from services. $ $ Interest and dividend income. $ $ Other income related to operation. $ $ (recovery of assets previously written off as loss) LESS:
Payments for purchase of own investment. $ $
Payments for service costs. $ $
Payment of remuneration and social benefits. $ $ Payment to suppliers. $ $ Payment of taxes and contributions. $ $ Other payments related to operation. $ $ INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM OPERATING ACTIVITY. CASH FLOW FROM INVESTING ACTIVITIES Income from sale of equity investments. $ $ Income from dividends received. $ $ Income from sale of real estate and equipment. $ $ Other income related to investment $ $ LESS:
Payments for purchase of equity investments $ $ Payments for purchase of real estate and equipment. $ $ Other outflows related to investment. $ $

CDSV-11/2010
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MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

NAME OF THE BROKERAGE HOUSE

(Expressed in thousands of United States Dollars) 2XX1 2XX0 INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM INVESTING ACTIVITIES. CASH FLOW FROM FINANCING ACTIVITIES Income from shareholder contributions. $ $ Income from short-term and long-term bank loans. $ $ Income from repurchase operations $ $ Other income related to financing activity. $ $ LESS:
Amortization of obtained loans. $ $
Payment of dividends and other distributions. $ $ Other cash payments related to financing activity. $ $ INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM FINANCING ACTIVITIES. NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS.

BALANCE OF CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR BALANCE OF CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR

RECONCILIATION OF NET RESULT WITH CASH AND CASH EQUIVALENTS FROM OPERATING ACTIVITIES RESULT OF THE PERIOD PROFIT (LOSS). PLUS:
Adjustment to the result of the period: $ $
Provisions for uncollectibility and impairment of investment of the period. $ $ Depreciation and amortization of the period. $ $ Various provisions of the period. $ $ Losses on sale of real estate and equipment. $ $ Others. $ $ LESS:
Profit on sale of real estate and equipment. $ $ CHARGES AND CREDITS FOR NET CHANGES IN ASSETS AND LIABILITIES:
Accounts and notes receivable. $ $
Accounts and notes payable. $ $
Prepaid expenses. $ $
Other assets. $ $
Taxes and contributions payable. $ $
Suppliers. $ $
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM OPERATING ACTIVITY. The nomenclature of the elements of this financial statement may vary by adapting it to the operations carried out by Brokerage Houses.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 FORMAT NOTES TO THE FINANCIAL STATEMENTS. In the preparation of the financial statements of Brokerage Houses, the provisions established in this Manual and Chart of Accounts and International Financial Reporting Standards (IFRS) shall be observed, with the provisions of this Manual and Chart of Accounts prevailing in case of conflict with International Financial Reporting Standards (IFRS). (5)

The preparation and publication of the notes shall be the responsibility of the Management of the Brokerage House, but it shall be the responsibility of the External Auditor to verify that such notes meet the level of disclosure required by International Financial Reporting Standards. If the published notes do not comply with what is required by the Standards, the republication of the financial statements and the already corrected notes may be demanded. In addition to the minimum disclosures required by Standards, the following notes must be included:
NOTE 1 ACCOUNTING POLICIES USED.
Reference shall be made to the accounting period, bases of preparation and presentation of the Financial Statements, monetary correction, conversion bases, Property, plant and equipment, depreciation, amortization other current assets, deferred taxes and income taxes, indemnification, cash flow, etc.

NOTE 2 ACCOUNTING CHANGES.
Explain if there have been changes in the application of accounting principles compared to the previous period. NOTE 3 RIGHT TO TRADE ON THE STOCK EXCHANGE. The acquisition value of this right, the acquisition date, the amortized amount, the amortization of the current year, the remaining amount to be amortized and the period must be described. NOTE 4 VOLUME OF OPERATIONS. This note must be drafted as follows:
This note indicates comparatively, for the same previous period, the volume of operations carried out specifying its number and amount in thousands of United States dollars. With the detail presented below:

CDSV-11/2010
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MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 Type of Operations Number of Operations carried out last year Purchase Sale Number of Operations carried out this year Purchase Sale Amount transacted last year Purchase Sale Amount transacted current year Purchase Sale Primary Market Public Private Secondary Market Public Private Repurchase Public Private International Market Public Private Total Public Private NOTE 5 ACCOUNTS RECEIVABLE FROM STOCK EXCHANGE OPERATIONS. This note must be drafted as follows:
Brokerage houses present pending settlement operations for repurchase, spot-to-forward operations and international ones, for the following amounts:
2xx1 2xx0 a) REPURCHASE OPERATIONS
Purchase Operations $ - $ -
Sale Operations $ - $ -
Sub total $ - $ - b) SPOT OPERATIONS
Purchase Operations $ - $ -
Sale Operations $ - $ -
Sub total $ - $ - c) FORWARD OPERATIONS
Purchase Operations $ - $ -
Sale Operations $ - $ -
Sub total $ - $ - d) INTERNATIONAL OPERATIONS
Purchase Operations $ - $ -
Sale Operations $ - $ -
Sub total $ - $ -
GENERAL TOTAL $ - $ -

CDSV-11/2010
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MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 NOTE 6 OBLIGATIONS AND INVESTMENTS FROM PORTFOLIO MANAGEMENT OPERATIONS. The minimum content of this note will be:
As of xx/xx/xxxx, the composition of the investment portfolio in Portfolio Management by issuer was as follows:
PORTFOLIO Portfolio name.
ISSUER
INVESTED VALUE REPORTED VALUE AVAILABLE VALUE
2xx1 2xx0 2xx1 2xx0 2xx1 2xx0
TOTAL
The order in which the issuers should appear in the table above, where applicable, is as follows:
Banco Agrícola
Banco de América Central
Banco Centroamericano de Integración Económica Banco Central de Reserva Banco Multisectorial de Inversiones Banco del Istmo Banco Citibank El Salvador Global Bank Corp Banco Procredit Banco Promerica Scotiabank El Salvador Banco HSBC Salvadoreño Banco Hipotecario Estado de El Salvador Estado de Guatemala Estado de Costa Rica República de Panamá Estado de Colombia Estado de Brasil Estado de Chile Estado de México Estados Unidos de América Credi Q Inversiones Fondo Social para la Vivienda Comercial Exportadora

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 Metrocentro Inversiones Simco The composition of the investment portfolio by investment instrument is:
PORTFOLIO
INSTRUMENT
INVESTED VALUE
2XX1 2XX0
Savings Accounts,
Checking Accounts
Time Deposits
Investment Certificates
National Bonds
Foreign Bonds
Stocks
Sales Repurchases

TOTAL
The securities are in custody at:______
Some of the instruments listed above must group the following issuers:
Investment Certificates: Those issued by Financial Institutions, Fondo Social para la Vivienda and issuers from the real sector (example: Inversiones SIMCO, S.A. de C.V.) National Bonds: Those issued by the State of El Salvador, and Ministry of Finance and Central Reserve Bank (Includes Bonds, Cenelis, Letes, Treasury Notes) Foreign Bonds: Issued by States or Corporations (includes Bonds, Notes, Titles, Bills, Letters) issued by the Ministry of Finance. The yields paid and average financial cost (Specify what type of average), paid in the last month is:
PORTFOLIO NAME
GROSS YIELD OF SECURITIES
SALES REPURCHASE COST RATE
REALIZED IN THE MONTH
COMMISSION
CHARGED
NET YIELD
APPLIED TO CLIENTS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 Likewise, the restrictions to which Brokerage Houses are subject to carry out these operations must be specified. NOTE 7 RISKS ARISING FROM FINANCIAL INSTRUMENTS. This disclosure must be made taking into account the requirements described in IFRS 7:

NOTE 8 BALANCES AND TRANSACTIONS WITH RELATED ENTITIES.
The balances of documents and accounts receivable for commissions accrued by the administration of the Brokerage House and payments made on behalf thereof must be detailed. Disclose any type of contract in force regarding obligations or rights. Long-term and short-term items must be separated, and the effects on results from significant transactions must be disclosed.

NOTE 9 DEFERRED TAXES AND INCOME TAX.
Declaration and detail of tax obligations, provisions, and composition of income tax, withholdings, levies, and advance payments, deferred taxes, and temporary differences, etc.

NOTE 10 OTHER CURRENT ASSETS.
Current assets not considered in specific notes are included in this note, for example: Investments, etc.

NOTE 11 INTANGIBLES.
Intangible assets are described, their original and amortized amounts.

NOTE 12 VARIOUS CREDITORS.
Accounts payable are detailed, their balances, origins, identifying them.

NOTE 13 PROVISIONS.
The balances of provisions for the period being reported must be detailed, identifying the concept to which they refer.

NOTE 14 SHAREHOLDERS' EQUITY.
A declaration of the total subscription and payment of Share Capital is made; shareholding distribution is detailed, identifying shareholders, their number of shares, and percentage of participation. As well as equity movements that have occurred during the period being reported, relating to: Distribution of dividends, increases or decreases in capital, revaluations or reserves, losses, etc. Likewise, it must be disclosed if the company has controlling or relevant shareholders, the quantity and amount and percentage they represent of share capital, and that these have been informed timely to the regulator in accordance with the Law. Additionally, it must reveal if during the reported period there were failures to meet the minimum equity level and how and when they were remedied.

NOTE 15 CONTINGENCIES.
Regarding Contingent Liabilities, the following must be included: A brief description of the nature, estimation of the financial effect, indication of uncertainties related to the amount or timing of any outflow, and the possibility of any reimbursement. Regarding Contingent Assets, disclose a brief description of the nature and estimation of the financial effect.

NOTE 16 GUARANTEES OBTAINED FROM THIRD PARTIES.
Guarantees received from third parties must be detailed, specifying the origin, amount, validity, etc., and any other information that describes them completely.

NOTE 17 SANCTIONS.
For the period being reported, sanctions received from the Financial System Superintendence or another Administrative Authority must be detailed separately, describing the infractions committed and the sanctions imposed. (1)

NOTE 18 SUBSEQUENT EVENTS AND OTHER IMPORTANT DISCLOSURES.
All other clarifications or additional explanations that are considered necessary or required by International Financial Reporting Standards (IFRS) for an adequate interpretation of the financial statements must be included. Examples of essential facts that must be disclosed are:
a. The current Board of Directors, declaring that they do not possess grounds for disqualification established in the Law, as well as changes occurring in the Board of Directors or Administration; in such cases, substitutes and those replaced must be mentioned, along with the periods of validity. b. Changes in share ownership of Brokerage Houses, indicating amounts and number of shares.
c. Discontinued operations, indicating the date the event occurred.
d. Reclassification of liabilities. e. Gains or losses on sale of Property, plant and equipment, other assets in subsidiaries and branches. f. Losses originating from accidents. g. Effects of market value on book value of investments in securities. h. Receipt of shares as payment of dividends; the receipt date, number of shares, and nominal value thereof must be indicated.
i. Significant changes in Management plans.
j. Effects of contracts (leases, advertising, services, etc.).

NOTE 19 OBLIGATIONS AND INVESTMENTS FOR PORTFOLIO MANAGEMENT OPERATIONS. (1) The minimum content of this note shall be: (1) a) Total amounts of portfolios managed under this service and net results of the reported period must be indicated. (1) b) Valuation methodology used, indicating the following sources: (1)
i. Proprietary methodology according to what is established in Technical Standards issued for such purposes; in this case, the House must reveal said methodology; (1)
ii. Specialized agent in valuation of securities; or (1)
iii. Recognized international stock or financial information system by the Financial System Superintendence. (1)
c) Disclosure of relevant facts affecting the individual portfolio administration service provided by the House, when applicable. (1)

NOTE 20 SIGNIFICANT DIFFERENCES BETWEEN INTERNATIONAL FINANCIAL REPORTING STANDARDS AND STANDARDS ISSUED BY THE REGULATORY AUTHORITY (5) Brokerage Houses will disclose significant differences between International Financial Reporting Standards and this Manual and Chart of Accounts. (5) Repealed (1) (5)

D. OPERATIONS AND TRANSACTIONS TO BE REPORTED ELECTRONICALLY TO THE FINANCIAL SYSTEM SUPERINTENDENCE. (5)

Brokerage Houses must electronically submit the following information to the Superintendence: (5)
1.1. Balances of the Accounts of the Catalog of Brokerage Houses, with monthly frequency, which must be submitted within eight business days following the month being reported; and (5)
1.2. Pending repurchase reports, with monthly frequency, which must be submitted within eight business days following the month being reported. (5)
Structure and files of the information to be submitted to the Superintendence. (5)
2.1. Database structure of the files. The data structure is defined with the following files: (5)
FILE NAME DESCRIPTION ssf_cccb_saldo_cuenta.xsd Balances of the accounts of the Catalog of Brokerage Houses. ssf_cccb_Reportos_pendientes.xsd Pending Repurchase Reports at Month End.

2.2. Data file for submission of information. Information will be submitted with the following information: (5)
FILE NAME DESCRIPTION saldo_cuenta.xml Balances of the accounts of the Catalog of Brokerage Houses. Reportos_pendientes.xml Pending Repurchase Reports at Month End.

Name of files to be submitted to the Financial System Superintendence. (5)
3.1. File name: saldo_cuenta. This file is used to report information corresponding to the trial balance with its balances: (5)
ELEMENT DESCRIPTION id_codigo_cuenta Accounting Account. The account code will be noted, from the first to the last level according to the nomenclature of its manual and chart of accounts. nombre_cuenta Description of the accounting account. Name corresponding to the account according to the entity's chart of accounts. Saldo_anterior Amount of the previous balance of the account. Cargo_mes Amount of charges that affected the account during the reference month. Abono_mes Amount of credits that affected the account during the reference month. Saldo_actual Amount of the final balance of the account. Naturaleza_cuenta Nature of the account; Debtor or Creditor. Signo_saldo Sign that will be applied to the account balance in the process of posting balances (+, -).

3.2. File name: Reportos_pendientes. Corresponds to the file that includes pending repurchase reports due in the reported month. (5)
ELEMENT DESCRIPTION cuenta_casa Corresponds to the house number of the CEDEVAL account. cuenta_cliente Corresponds to the client account of CEDEVAL. tipo_cuenta Corresponds to the type of CEDEVAL account. numero_operacion No. of pending repurchase operation to mature. tipo_operacion Type of operation (purchase = C, or sale = V). Both purchase and sale operations must be presented, even when both correspond to different clients of the brokerage house (In such case, there will appear a record for the purchase and another for the sale). codigo_cliente Client Code (assigned by the brokerage house). nombre_cliente Client Name (which must be written in uppercase). In the case that the client who buys or sells corresponds to a Fund, under the administration of an entity, the name of the Fund must be detailed. Concept May valor_recompra Repurchase price of the repurchase agreement. tipo_registro Indicates to which part of the report the record belongs, either to the details or to the totals. The codes to be used will be the following:
D: Indicates that the record type is a detail, in this case all columns must be filled. T: Must be used when totaling in absolute values a observation, the information must be filled in the row. Several rows may be added with the detail of the observation, each identified with the

The Superintendence will transmit the technical details related to the mechanisms for sending the information requested in the formats established in this section D, which will be communicated to the Brokerage Houses, with copy to the Central Bank, within a maximum period of sixty days after the entry into force of the modifications of this section D. (5)
Brokerage Houses must implement the necessary mechanisms for the submission of information within a maximum period of ninety business days, counted from the date of having received the technical details from the Superintendence referred to in the preceding paragraph. (5)
Brokerage Houses must comply with the following aspects:
a) Sending dates: date on which the files were deposited. (5) b) Formats in the formation of the names of sent files. (5) c) Data structures required by the Superintendence. (5) d) Quality of information: ensuring that information is sent free of errors. (5)
To fulfill the responsibility of sending information, a responsible person must be appointed by the audited entity, whose function is to serve as contact or liaison with the Superintendence. This person must report any problem that may arise in the information sending process. (5)
The name of the responsible person for these tasks must be notified by means of the position held, direct telephone, email address, and any other useful information to guarantee respective contact. This person may be the same one referred to in section B, of this Chapter. (5)
Accounts and their balances will be validated prior to sending the data. During that process, the Brokerage House may correct and review its information. Once the sending is performed, it will be taken as definitive. (5)
In case a resending is required, the Brokerage House must inform by means of a letter the reason and request authorization thereof to the Securities Superintendence, who will inform the corresponding areas to change the status and allow resending. (5)
The entity that fails to submit information within the deadline established in numeral 1 of this section D must send, no later than the next business day, a letter signed by the General Manager, and in his absence, whoever is legally authorized to do so, in which the cause of non-compliance, the solution to the delay, and administrative measures that will be taken to avoid repetition of the non-compliance are clearly explained. (5)

CHAPTER III
CHART OF ACCOUNTS
CHART OF ACCOUNTS
CODE ACCOUNT NAME
1 ASSET
11 CURRENT ASSET
110 CASH AND CASH EQUIVALENTS
1100 PETTY CASH
1100000 BILLS AND COINS IN LOCAL CURRENCY
1100010 BILLS AND COINS IN FOREIGN CURRENCY
1101 GENERAL CASH
1101000 BILLS AND COINS IN LOCAL CURRENCY
1101010 BILLS AND COINS IN FOREIGN CURRENCY
111 BANKS AND OTHER FINANCIAL INSTITUTIONS
1110 LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS 1110000 CHECKING ACCOUNT DEPOSITS 1110010 SAVINGS ACCOUNT DEPOSITS 1110020 TIME DEPOSIT ACCOUNTS 1111 FOREIGN BANKS AND FINANCIAL INSTITUTIONS 1111000 CHECKING ACCOUNT DEPOSITS 1111010 SAVINGS ACCOUNT DEPOSITS 1111020 TIME DEPOSIT ACCOUNTS 112 RESTRICTED AVAILABILITY 1120 DEPOSITS IN GUARANTEE 1120000 DEPOSITS IN GUARANTEE IN LOCAL CURRENCY 1120010 DEPOSITS IN GUARANTEE IN FOREIGN CURRENCY 1121 OTHER RESTRICTED AVAILABILITIES 1121000 OTHER RESTRICTED AVAILABILITIES IN LOCAL CURRENCY 1121010 OTHER RESTRICTED AVAILABILITIES IN FOREIGN CURRENCY 1122 FUNDS FOR OPENING BANK ACCOUNTS 1122000 BANK ACCOUNTS FOR STOCK OPERATIONS 1122010 BANK ACCOUNTS FOR PORTFOLIO MANAGEMENT 1122020 BANK ACCOUNTS FOR INDIVIDUAL PORTFOLIO MANAGEMENT (1) 113 FINANCIAL INVESTMENTS 1130 INVESTMENTS HELD FOR TRADING 1130000 PUBLIC BONDS 1130010 BONDS OF PRIVATE FINANCIAL ENTITIES 1130020 BONDS OF PRIVATE NON-FINANCIAL ENTITIES 1130030 FOREIGN PUBLIC BONDS 1130040 FOREIGN PRIVATE BONDS 1130050 COMMERCIAL PAPER 1130060 INVESTMENT CERTIFICATES OF FINANCIAL ENTITIES 1130070 INVESTMENT CERTIFICATES OF NON-FINANCIAL ENTITIES 1130080 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PUBLIC ENTITIES 1130090 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE FINANCIAL ENTITIES 1130100 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE NON-FINANCIAL ENTITIES 1130110 SECURITIES IN GUARANTEE (SALE REPURCHASE AGREEMENTS) 1130120 SHARES 1130130 INVESTMENTS IN PORTFOLIO MANAGEMENT 1130140 INVESTMENTS IN SECURITIZATION FUNDS 1130150 ETF'S AND OTHER PARTICIPATIONS 1130160 OTHER INVESTMENTS IN VARIABLE INCOME SECURITIES 1130170 INVESTMENTS IN MUTUAL FUNDS 1130180 DERIVATIVES 1130190 PURCHASE REPURCHASE AGREEMENTS 1131 INVESTMENTS HELD UNTIL MATURITY 1131000 PUBLIC BONDS 1131010 BONDS OF PRIVATE FINANCIAL ENTITIES 1131020 BONDS OF PRIVATE NON-FINANCIAL ENTITIES 1131030 FOREIGN PUBLIC BONDS 1131040 FOREIGN PRIVATE BONDS 1131050 COMMERCIAL PAPER 1131060 INVESTMENT CERTIFICATES OF FINANCIAL ENTITIES 1131070 INVESTMENT CERTIFICATES OF NON-FINANCIAL ENTITIES 1131080 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PUBLIC ENTITIES 1131090 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE FINANCIAL ENTITIES 1131100 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE NON-FINANCIAL ENTITIES 1131110 INVESTMENTS IN SECURITIZATION FUNDS 1131120 ETF'S AND OTHER PARTICIPATIONS 1131130 OTHER INVESTMENTS IN VARIABLE INCOME SECURITIES 1131140 INVESTMENTS IN MUTUAL FUNDS 1131150 DERIVATIVES 1132 INVESTMENTS AVAILABLE FOR SALE 1132000 PUBLIC BONDS 1132010 BONDS OF PRIVATE FINANCIAL ENTITIES 1132020 BONDS OF PRIVATE NON-FINANCIAL ENTITIES 1132030 FOREIGN PUBLIC BONDS 1132040 FOREIGN PRIVATE BONDS 1132050 COMMERCIAL PAPER 1132060 INVESTMENT CERTIFICATES OF FINANCIAL ENTITIES 1132070 INVESTMENT CERTIFICATES OF NON-FINANCIAL ENTITIES 1132080 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PUBLIC ENTITIES 1132090 OTHER INVESTMENTS IN FIXED INCOME
SECURITIES OF PRIVATE FINANCIAL ENTITIES 1132100 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE NON-FINANCIAL ENTITIES 1132110 SHARES 1132120 INVESTMENTS IN PORTFOLIO MANAGEMENT 1132130 INVESTMENTS IN SECURITIZATION FUNDS 1132140 ETF'S AND OTHER PARTICIPATIONS 1132150 OTHER INVESTMENTS IN VARIABLE INCOME SECURITIES 1132160 INVESTMENTS IN MUTUAL FUNDS 1132170 DERIVATIVES 1132180 SUBSCRIPTIONS OF SECURITIES, IN PRIMARY MARKET 1133 RESTRICTED INVESTMENTS 1133000 INVESTMENTS IN GUARANTEE 1134 (ESTIMATE FOR VALUATION OF FINANCIAL INVESTMENTS) 1134000 INVESTMENTS HELD FOR TRADING 1134010 INVESTMENTS AVAILABLE FOR SALE 1134020 RESTRICTED INVESTMENTS 114 ACCOUNTS AND DOCUMENTS RECEIVABLE 1140 ISSUERS 1140000 LOANS 1140010 SERVICE COMMISSIONS 1140020 OTHERS 1141 BROKERAGE HOUSES 1141000 LOANS 1141010 SERVICE COMMISSIONS 1141020 OTHERS 1142 INVESTORS 1142000 LOANS 1142010 SERVICE COMMISSIONS 1142020 OTHERS 1143 PORTFOLIO MANAGEMENT 1143000 LOANS 1143010 SERVICE COMMISSIONS 1143020 TAXES 1143030 OTHERS 1144 STOCK EXCHANGE 1144000 LOANS 1144010 SERVICE COMMISSIONS 1144020 OTHERS 1145 DEPOSIT AND CUSTODY OF SECURITIES 1145000 LOANS 1145010 SERVICE COMMISSIONS 1145020 OTHERS 1146 OTHER ACCOUNTS RECEIVABLE 1146000 INTEREST PAID IN ADVANCE. 1146010 ADVANCES TO SUPPLIERS 1146020 CLAIMED INDEMNIFICATIONS FOR ACCIDENTS 1146030 CASH SHORTAGES 1146040 OTHER ACCOUNTS RECEIVABLE 1147 ESTIMATE FOR UNCOLLECTIBLE ACCOUNTS 1147000 ISSUERS 1147010 BROKERAGE HOUSES 1147020 INVESTORS 1147030 PORTFOLIO MANAGEMENT 1147040 STOCK EXCHANGE 1147050 DEPOSIT AND CUSTODY OF SECURITIES 1147060 OTHER ACCOUNTS RECEIVABLE 1147070 INDIVIDUAL PORTFOLIO MANAGEMENT (1) 1147080 MARKETING OF PARTICIPATION SHARES OF OPEN MUTUAL FUNDS LOCALLY (3) 1147090 MARKETING OF PARTICIPATION SHARES OF OPEN MUTUAL FUNDS ABROAD (3) 1148 INDIVIDUAL PORTFOLIO MANAGEMENT (1) 1148000 LOANS (1) 1148010 SERVICE COMMISSIONS (1) 1148020 TAXES (1) 1148030 OTHERS (1) 1149 MARKETING OF PARTICIPATION SHARES OF OPEN MUTUAL FUNDS (3) 1149000 COMMISSIONS FOR MARKETING OF PARTICIPATION SHARES OF OPEN MUTUAL FUNDS LOCALLY (3) 1149010 COMMISSIONS FOR MARKETING OF PARTICIPATION SHARES OF OPEN MUTUAL FUNDS ABROAD (3) 1149020 OTHERS (3) 115 RELATED ACCOUNTS AND DOCUMENTS RECEIVABLE 1150 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM EMPLOYEES 1150000 SALARY ADVANCES 1150010 SHORT-TERM LOANS 1150020 OTHERS 1151 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM DIRECTORS AND SHAREHOLDERS 1151000 LOANS TO DIRECTORS 1151010 LOANS TO SHAREHOLDERS 1151020 OTHERS 1152 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM RELATED COMPANIES 1152000 LOANS 1152010 SERVICE COMMISSIONS 1152020 OTHERS 1153 ESTIMATE FOR UNCOLLECTIBLE ACCOUNTS 1153000 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM EMPLOYEES 1153010 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM DIRECTORS AND SHAREHOLDERS 1153020 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM RELATED COMPANIES 116 EARNINGS RECEIVABLE 1160 LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS 1160000 EARNINGS RECEIVABLE IN LOCAL CURRENCY 1160010 EARNINGS
RECEIVABLE IN FOREIGN CURRENCY 1161 EARNINGS RECEIVABLE FROM FINANCIAL INVESTMENTS 1161000 INVESTMENT IN FIXED INCOME SECURITIES 1161010 INVESTMENTS IN VARIABLE INCOME SECURITIES 1161020 INVESTMENTS IN COLLECTIVE FUNDS 1161030 REPURCHASE AGREEMENTS 1161040 DERIVATIVES 1161050 SUBSCRIPTIONS OF SECURITIES, IN PRIMARY MARKET 117 TAXES 1170 VAT, TAX CREDIT 1170000 VAT, TAX CREDIT 1170010 VAT TAX PAYABLE BY WITHHOLDING 1170020 VAT TAX LEVIED 1170030 OTHER WITHHOLDINGS 1171 INCOME TAXES 1171000 ADVANCE PAYMENT OF INCOME TAX 1171010 TAX CREDIT OF INCOME TAX 1171020 INCOME TAX WITHHELD 118 EXPENSES PAID IN ADVANCE 1180 EXPENSES PAID IN ADVANCE FOR SERVICES 1180000 RENTS PAID IN ADVANCE 1180010 INSURANCES PAID IN ADVANCE 1180020 BOND PREMIUMS 1180030 SUBSCRIPTIONS PAID IN ADVANCE 1180040 ADVERTISING AND MARKETING 1180050 COMMUNICATIONS 1180060 AUDIT COST 1180070 MEMBERSHIP FEES 1180080 OTHER SERVICE EXPENSES PAID IN ADVANCE 1181 DEFERRED INCOME TAX 1181000 VALUATION PROVISION 1181010 OTHER PROVISIONS 1182 EXPENSES PAID IN ADVANCE ON MATERIALS 1182000 OFFICE SUPPLIES AND STATIONERY 12 NON-CURRENT ASSET 120 REAL ESTATE 1200 LAND 1200000 LAND 1200010 REVALUATION OF LAND 1200020 ACCUMULATED IMPAIRMENT OF LAND 1201 BUILDINGS 1201000 BUILDINGS 1201010 REVALUATION OF BUILDINGS 1201020 ACCUMULATED DEPRECIATION OF BUILDINGS 1201030 ACCUMULATED IMPAIRMENT OF BUILDINGS 1202 INSTALLATIONS 1202000 INSTALLATIONS 1202010 REVALUATION OF INSTALLATIONS 1202020 ACCUMULATED DEPRECIATION OF INSTALLATIONS 1202030 ACCUMULATED IMPAIRMENT OF INSTALLATIONS 121 FURNITURE 1210 VEHICLES. 1210000 VEHICLES. 1210010 REVALUATION OF VEHICLES 1210020 ACCUMULATED DEPRECIATION OF VEHICLES 1210030 ACCUMULATED IMPAIRMENT OF VEHICLES 1211 FURNITURE AND EQUIPMENT 1211000 OFFICE FURNITURE 1211010 COMPUTING EQUIPMENT 1211020 OTHER OFFICE EQUIPMENT 1211030 COMMUNICATION EQUIPMENT 1211040 SECURITY EQUIPMENT 1211050 OTHER EQUIPMENT 1211060 ACCUMULATED DEPRECIATION OF FURNITURE AND EQUIPMENT 1211070 ACCUMULATED IMPAIRMENT OF FURNITURE AND EQUIPMENT 1212 GOODS TAKEN UNDER FINANCIAL LEASE 1212000 REAL ESTATE TAKEN UNDER FINANCIAL LEASE 1212010 OFFICE FURNITURE AND EQUIPMENT TAKEN UNDER FINANCIAL LEASE 1212020 TRANSPORT EQUIPMENT TAKEN UNDER FINANCIAL LEASE 1212030 OTHER GOODS TAKEN UNDER FINANCIAL LEASE 1212040 ACCUMULATED DEPRECIATION OF GOODS TAKEN UNDER FINANCIAL LEASE 1212050 ACCUMULATED IMPAIRMENT OF GOODS TAKEN UNDER FINANCIAL LEASE 1213 OTHER USEFUL GOODS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

1213000 ART WORKS
1213010 LIBRARY
1213020 OTHER ASSETS
1213030 ACCUMULATED DEPRECIATION OF OTHER ASSETS FOR DIVERSE USE 1213040 ACCUMULATED IMPAIRMENT OF OTHER ASSETS FOR DIVERSE USE 1214 INVESTMENT PROPERTIES 1214000 LAND 1214010 BUILDINGS 1214020 ACCUMULATED DEPRECIATION OF INVESTMENT PROPERTIES 1214030 ACCUMULATED IMPAIRMENT OF INVESTMENT PROPERTIES 122 IMPROVEMENTS IN PROPERTY, PLANT AND EQUIPMENT 1220 IMPROVEMENTS 1220000 ON LAND 1220010 ON BUILDINGS 1220020 ON INSTALLATIONS 1220030 ON VEHICLES 1220040 IMPROVEMENTS ON OTHER ASSETS 1220050 ACCUMULATED DEPRECIATION OF IMPROVEMENTS 123 LONG-TERM FINANCIAL INVESTMENTS 1230 INVESTMENTS HELD FOR TRADING 1230000 PUBLIC BONDS 1230010 BONDS OF PRIVATE FINANCIAL ENTITIES 1230020 BONDS OF PRIVATE NON-FINANCIAL ENTITIES 1230030 FOREIGN PUBLIC BONDS 1230040 FOREIGN PRIVATE BONDS 1230050 MARKETABLE Securities 1230060 INVESTMENT CERTIFICATES OF FINANCIAL ENTITIES 1230070 INVESTMENT CERTIFICATES OF NON-FINANCIAL ENTITIES 1230080 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PUBLIC ENTITIES 1230090 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE FINANCIAL ENTITIES 1230100 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE NON-FINANCIAL ENTITIES 1230110 SHARES 1230120 INVESTMENTS IN PORTFOLIO MANAGEMENT 1230130 INVESTMENTS IN SECURITIZATION FUNDS 1230140 ETF'S AND OTHER PARTICIPATIONS 1230150 OTHER INVESTMENTS IN VARIABLE INCOME SECURITIES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

1230160 INVESTMENTS IN INVESTMENT FUNDS
1230170 DERIVATIVES
1231 INVESTMENTS HELD TO MATURITY
1231000 PUBLIC BONDS
1231010 BONDS OF PRIVATE FINANCIAL ENTITIES
1231020 BONDS OF PRIVATE NON-FINANCIAL ENTITIES 1231030 FOREIGN PUBLIC BONDS 1231040 FOREIGN PRIVATE BONDS 1231050 MARKETABLE Securities 1231060 INVESTMENT CERTIFICATES OF FINANCIAL ENTITIES 1231070 INVESTMENT CERTIFICATES OF NON-FINANCIAL ENTITIES 1231080 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PUBLIC ENTITIES 1231090 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE FINANCIAL ENTITIES 1231100 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE NON-FINANCIAL ENTITIES 1231110 INVESTMENTS IN SECURITIZATION FUNDS 1231120 ETF'S AND OTHER PARTICIPATIONS 1231130 OTHER INVESTMENTS IN VARIABLE INCOME SECURITIES 1231140 INVESTMENTS IN INVESTMENT FUNDS 1231150 DERIVATIVES 1232 INVESTMENTS AVAILABLE FOR SALE 1232000 PUBLIC BONDS 1232010 BONDS OF PRIVATE FINANCIAL ENTITIES 1232020 BONDS OF PRIVATE NON-FINANCIAL ENTITIES 1232030 FOREIGN PUBLIC BONDS 1232040 FOREIGN PRIVATE BONDS 1232050 MARKETable Securities 1232060 INVESTMENT CERTIFICATES OF FINANCIAL ENTITIES 1232070 INVESTMENT CERTIFICATES OF NON-FINANCIAL ENTITIES 1232080 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PUBLIC ENTITIES 1232090 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE FINANCIAL ENTITIES 1232100 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE NON-FINANCIAL ENTITIES 1232110 SHARES 1232120 INVESTMENTS IN PORTFOLIO MANAGEMENT 1232130 INVESTMENTS IN SECURITIZATION FUNDS 1232140 ETF'S AND OTHER PARTICIPATIONS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

1232150 OTHER INVESTMENTS IN VARIABLE INCOME SECURITIES 1232160 INVESTMENTS IN INVESTMENT FUNDS 1232170 DERIVATIVES 1233 RESTRICTED INVESTMENTS 1233000 INVESTMENTS AS COLLATERAL 1234 (ESTIMATE FOR VALUATION OF FINANCIAL INVESTMENTS) 1234000 INVESTMENTS HELD FOR TRADING 1234010 INVESTMENTS AVAILABLE FOR SALE 1234020 RESTRICTED INVESTMENTS 124 LONG-TERM ACCOUNTS AND DOCUMENTS RECEIVABLE 1240 ISSUERS 1240000 LOANS 1240010 OTHERS 1241 BROKERAGE HOUSES 1241000 LOANS 1241010 OTHERS 1242 INVESTORS 1242000 LOANS 1242010 OTHERS 1243 STOCK EXCHANGE 1243000 LOANS 1243010 OTHERS 1244 DEPOSIT AND CUSTODY OF SECURITIES 1244000 LOANS 1244010 OTHERS 1245 OTHER LONG-TERM ACCOUNTS RECEIVABLE 1245000 INTERESTS PAID IN ADVANCE 1245010 ADVANCES 1245020 CLAIMED INDEMNITIES FOR CLAIMS 1245030 CASH SHORTAGES 1245040 OTHER ACCOUNTS RECEIVABLE 1246 ESTIMATE FOR UNCOLLECTABLE ACCOUNTS 1246000 ISSUERS 1246010 BROKERAGE HOUSES 1246020 INVESTORS 1246030 STOCK EXCHANGE 1246040 DEPOSIT AND CUSTODY OF SECURITIES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

1246050 OTHER LONG-TERM ACCOUNTS RECEIVABLE
125 LONG-TERM RELATED ACCOUNTS AND DOCUMENTS RECEIVABLE 1250 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM EMPLOYEES 1250000 LOANS 1250010 OTHERS 1251 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM SHAREHOLDERS AND DIRECTORS 1251000 LOANS TO DIRECTORS 1251010 LOANS TO SHAREHOLDERS 1251020 OTHERS 1252 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM RELATED COMPANIES 1252000 LOANS 1252010 OTHERS 1253 ESTIMATE FOR UNCOLLECTABLE ACCOUNTS 1253000 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM EMPLOYEES 1253010 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM SHAREHOLDERS 1253020 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM RELATED COMPANIES 126 INTANGIBLE ASSETS 1260 EXERCISE RIGHTS OF STOCK EXCHANGE SEATS 1260000 EXERCISE RIGHTS OF STOCK EXCHANGE SEATS 1260010 ACCUMULATED AMORTIZATION OF EXERCISE OF STOCK EXCHANGE SEATS 1260020 ACCUMULATED IMPAIRMENT OF EXERCISE OF STOCK EXCHANGE SEATS 1261 LICENSES AND CONCESSIONS 1261000 LICENSES AND CONCESSIONS 1261010 ACCUMULATED AMORTIZATION OF LICENSES AND CONCESSIONS 1261020 ACCUMULATED IMPAIRMENT OF LICENSES AND CONCESSIONS 1262 COMPUTER PROGRAMS 1262000 COMPUTER PROGRAMS 1262010 ACCUMULATED AMORTIZATION OF COMPUTER PROGRAMS 1262020 ACCUMULATED IMPAIRMENT OF COMPUTER PROGRAMS 1263 FRANCHISES 1263000 FRANCHISES 1263010 ACCUMULATED AMORTIZATION OF FRANCHISES 1263020 ACCUMULATED IMPAIRMENT OF FRANCHISES 1264 WEBSITES 1264000 WEBSITES 1264010 ACCUMULATED AMORTIZATION OF WEBSITES 1264020 ACCUMULATED IMPAIRMENT OF WEBSITES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

1265 OTHER INTANGIBLES
1265000 OTHER INTANGIBLES
1265010 ACCUMULATED AMORTIZATION OF OTHER INTANGIBLES 1265020 ACCUMULATED IMPAIRMENT OF OTHER INTANGIBLES 127 CONSTRUCTION WORKS IN PROGRESS 1270 CONSTRUCTION WORKS IN PROGRESS 1270000 CONSTRUCTION WORKS IN PROGRESS 128 LONG-TERM ASSETS HELD FOR SALE 1280 LONG-TERM ASSETS HELD FOR SALE 1280000 INVESTMENTS IN SUBSIDIARIES 1280010 INVESTMENTS IN ASSOCIATES 1280020 INVESTMENTS IN JOINT VENTURES 1280030 ASSETS IN DISCONTINUATION 1280040 PROPERTY, PLANT AND EQUIPMENT 1280050 INTANGIBLE ASSETS 1280060 ASSETS RECEIVED UNDER FINANCIAL LEASE 1280070 ASSETS RECEIVED IN PAYMENT OR AWARDED 2 LIABILITIES 21 CURRENT LIABILITIES 210 LOANS AND OVERDRAFTS WITH LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS 2100 OVERDRAFTS WITH LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS 2100000 OVERDRAFTS OF BANKS AND OTHER FINANCIAL INSTITUTIONS, SHORT-TERM (M.L.) 2100010 OVERDRAFTS OF BANKS AND OTHER FINANCIAL INSTITUTIONS, LONG-TERM (M.E.) 2101 LOANS FROM LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS 2101000 LOANS FROM LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS, SHORT-TERM (M.L.) 2101010 LOANS FROM LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS, LONG-TERM (M.E.) 211 CURRENT PORTION OF LONG-TERM LIABILITIES 2110 OBLIGATIONS WITH LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS 2110000 LOANS FROM LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS, SHORT-TERM (M.L.) 2110010 LOANS FROM LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS, LONG-TERM (M.E.) 2111 LOANS WITH FOREIGN BANKS AND FINANCIAL INSTITUTIONS 2111000 LOANS FROM FOREIGN BANKS AND FINANCIAL INSTITUTIONS, LONG-TERM (M.E.) 2112 OBLIGATIONS WITH OTHER INSTITUTIONS IN THE COUNTRY 2112000 OBLIGATIONS WITH OTHER INSTITUTIONS IN THE COUNTRY

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

2113 OBLIGATIONS WITH FOREIGN INSTITUTIONS
2113000 OBLIGATIONS WITH FOREIGN INSTITUTIONS
212 OBLIGATIONS FROM SECURITIES OPERATIONS
2120 ISSUERS
2120000 LOANS
2120010 OTHERS
2121 BROKERAGE HOUSES
2121000 LOANS
2121010 SERVICE COMMISSIONS
2121020 OTHERS
2122 INVESTORS
2122000 LOANS
2122010 OTHERS
2123 STOCK EXCHANGE
2123000 LOANS
2123010 SERVICE COMMISSIONS
2123020 OTHERS
2124 OBLIGATIONS FROM PORTFOLIO MANAGEMENT SERVICES 2124000 OBLIGATIONS WITH INVESTORS 2124010 OTHER OBLIGATIONS 2125 OBLIGATIONS FROM SUBSCRIPTION OF SECURITIES IN PRIMARY MARKET 2125000 PUBLIC BONDS 2125010 BONDS OF PRIVATE FINANCIAL ENTITIES 2125020 BONDS OF PRIVATE NON-FINANCIAL ENTITIES 2125030 MARKETABLE Securities 2125040 INVESTMENT CERTIFICATES OF FINANCIAL ENTITIES 2125050 INVESTMENT CERTIFICATES OF NON-FINANCIAL ENTITIES 2125060 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PUBLIC ENTITIES 2125070 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE FINANCIAL ENTITIES 2125080 SHARES 2125090 OTHER INVESTMENTS IN VARIABLE INCOME SECURITIES 2126 OBLIGATIONS FROM INDIVIDUAL PORTFOLIO MANAGEMENT SERVICES (1) 2126000 OBLIGATIONS WITH INVESTORS (1) 2126010 OTHER OBLIGATIONS (1) 213 ACCOUNTS PAYABLE 2130 EMPLOYEE PROVISIONS PAYABLE 2130000 REMUNERATIONS PAYABLE

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

2130010 VACATIONS PAYABLE
2130020 OTHER OBLIGATIONS PAYABLE TO EMPLOYEES 2131 WITHHOLDINGS PAYABLE 2131000 ISSS-FSV. 2131010 PENSION FUND ADMINISTRATORS (AFP) 2131020 OTHER EMPLOYEE WITHHOLDINGS. 2132 WITHHELD TAXES 2132000 INCOME TAX WITHHELD FROM EMPLOYEES. 2132010 INCOME TAX WITHHELD FOR PROFESSIONAL SERVICES 2132020 INCOME TAX WITHHELD FROM CLIENTS. 2132030 INCOME TAX WITHHELD FROM THIRD PARTIES 2132040 MUNICIPAL TAXES WITHHELD FROM EMPLOYEES 2132050 VAT, WITHHELD FROM THIRD PARTIES. 2132060 VAT RECEIVABLE PAYABLE 2132070 OTHER WITHHELD TAXES 2133 ACCOUNTS PAYABLE FOR SERVICES 2133000 COMMUNICATION AND TELEPHONE SERVICES PAYABLE 2133010 ENERGY AND WATER SERVICES PAYABLE 2133020 PROFESSIONAL SERVICES PAYABLE 2133030 RENTS PAYABLE 2133040 INSURANCES PAYABLE 2133050 OTHER SERVICES PAYABLE 2134 PROVISIONS PAYABLE 2134000 PROVISION FOR INTEREST PAYABLE ON BANK LOANS 2134010 ISSS EMPLOYER CONTRIBUTION 2134020 AFP EMPLOYER CONTRIBUTION 2134030 PROVISION FOR REPORT COSTS 2134040 AUDIT COST. 2134050 MEMBERSHIP FEES 2134060 OTHER ACCOUNTS PAYABLE 2135 VARIOUS CREDITORS 2135000 VARIOUS CREDITORS 2135010 CASH SURPLUS 214 RELATED ACCOUNTS PAYABLE 2140 ACCOUNTS PAYABLE TO DIRECTORS 2140000 LOANS 2140010 OTHER ACCOUNTS PAYABLE TO DIRECTORS.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

2141 ACCOUNTS PAYABLE TO SHAREHOLDERS
2141000 LOANS
2141010 OTHER ACCOUNTS PAYABLE TO SHAREHOLDERS 2142 ACCOUNTS PAYABLE TO RELATED COMPANIES 2142000 LOANS 2142010 OTHER ACCOUNTS PAYABLE TO RELATED COMPANIES 215 OWN TAXES PAYABLE 2150 MUNICIPAL TAXES 2150000 MUNICIPAL TAXES 2151 INCOME TAX 2151000 INCOME TAX 2152 VAT PAYABLE 2152000 VAT FISCAL CREDIT 2152010 VAT PAYABLE 2153 OTHER TAXES 2153000 OTHER TAXES 216 DIVIDENDS PAYABLE 2160 DIVIDENDS PAYABLE 2160000 DIVIDENDS PAYABLE 217 NEGOTIABLE FINANCIAL LIABILITIES 2170 NEGOTIABLE FINANCIAL LIABILITIES 2170000 NEGOTIABLE FINANCIAL LIABILITIES 218 OTHER FINANCIAL LIABILITIES AT FAIR VALUE WITH EFFECT ON RESULTS 2180 OTHER FINANCIAL LIABILITIES AT FAIR VALUE WITH EFFECT ON RESULTS (4) 2180000 OTHER FINANCIAL LIABILITIES AT FAIR VALUE WITH EFFECT ON RESULTS 219 HEDGING FINANCIAL DERIVATIVE INSTRUMENTS 2190 HEDGING FINANCIAL DERIVATIVE INSTRUMENTS 2190000 FAIR VALUE HEDGE 2190010 CASH FLOW HEDGE 2190020 NET INVESTMENT HEDGE IN FOREIGN CURRENCY 22 NON-CURRENT LIABILITIES 220 LONG-TERM BANK LOANS 2200 OBLIGATIONS WITH LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS 2200000 AMOUNTS OWED FOR LOANS 2200010 OTHER LONG-TERM OBLIGATIONS 2201 OBLIGATIONS WITH FOREIGN BANKS AND FINANCIAL INSTITUTIONS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

2201000 AMOUNTS OWED FOR LOANS
2201010 OTHER LONG-TERM OBLIGATIONS
221 LONG-TERM OBLIGATIONS WITH RELATED COMPANIES 2210 LONG-TERM OBLIGATIONS WITH RELATED COMPANIES 2210000 LONG-TERM LOANS 2210010 OTHER LONG-TERM OBLIGATIONS 222 DEFERRED INCOME TAX 2220 DEFERRED INCOME TAX 2220000 DEFERRED INCOME TAX 223 DEFERRED INCOME 2230 DEFERRED INCOME FROM SECURITIES SERVICES 2230000 DEFERRED INCOME FROM OPERATIONAL SECURITIES SERVICES. 2230010 DEFERRED INCOME FROM PORTFOLIO MANAGEMENT SERVICES 2230020 DEFERRED INCOME FROM INDIVIDUAL PORTFOLIO MANAGEMENT SERVICES (1) 2231 DEFERRED INCOME FROM OWN OPERATIONS 2231000 DEFERRED INCOME FROM OWN OPERATIONS 2231010 OTHER DEFERRED INCOME 224 OBLIGATIONS UNDER FINANCIAL LEASE 2240 OBLIGATIONS UNDER FINANCIAL LEASE 2240000 REAL ESTATE TAKEN UNDER FINANCIAL LEASE 2240010 FURNITURE AND OFFICE EQUIPMENT TAKEN UNDER FINANCIAL LEASE 2240020 TRANSPORT EQUIPMENT TAKEN UNDER FINANCIAL LEASE 2240030 OTHER ASSETS TAKEN UNDER FINANCIAL LEASE 225 ESTIMATE FOR LABOR OBLIGATIONS 2250 ESTIMATE FOR LABOR OBLIGATIONS 2250000 ESTIMATE FOR LABOR OBLIGATIONS 3 EQUITY 31 CAPITAL 310 SOCIAL CAPITAL 310 MINIMUM SUBSCRIBED CAPITAL 3100000 PAID MINIMUM SUBSCRIBED CAPITAL 3100010 UNPAID MINIMUM SUBSCRIBED CAPITAL 311 VARIABLE SUBSCRIBED CAPITAL 3110000 PAID VARIABLE SUBSCRIBED CAPITAL 3110010 UNPAID VARIABLE SUBSCRIBED CAPITAL 312 TREASURY SHARES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

3120000 TREASURY SHARES
311 ADDITIONAL CAPITAL
3110 DONATIONS
3110000 DONATIONS
32 CAPITAL RESERVES
320 CAPITAL RESERVES
3200 LEGAL RESERVE
3200000 LEGAL RESERVE
321 SHARE SALE PREMIUM
3210000 SHARE SALE PREMIUM
321 OTHER MANDATORY RESERVES
3210 STATUTORY RESERVES
3210000 STATUTORY RESERVES
3211 RESERVES FOR OTHER PROVISIONS
3211000 RESERVES FOR OTHER PROVISIONS
322 VOLUNTARY RESERVES
3220 VOLUNTARY RESERVES
3220000 VOLUNTARY RESERVES
33 REVALUATIONS
330 REVALUATIONS OF REAL ESTATE
3300 REVALUATIONS OF REAL ESTATE
3300000 REVALUATIONS OF REAL ESTATE
331 REVALUATIONS OF FURNITURE
3310 REVALUATIONS OF FURNITURE
3310000 REVALUATIONS OF FURNITURE
332 REVALUATIONS OF INVESTMENTS
3320 REVALUATIONS OF INVESTMENTS
3320000 REVALUATIONS OF INVESTMENTS
3321 FINANCIAL ASSETS AVAILABLE FOR SALE
3321000 FINANCIAL ASSETS AVAILABLE FOR SALE
3322 CASH FLOW HEDGE
3322000 CASH FLOW HEDGE
3323 NET INVESTMENT HEDGE IN FOREIGN CURRENCY
3323000 NET INVESTMENT HEDGE IN FOREIGN CURRENCY 333 REVALUATIONS OF LONG-TERM ASSETS HELD FOR SALE 3330 REVALUATIONS OF LONG-TERM ASSETS HELD FOR SALE 3330000 REVALUATIONS OF LONG-TERM ASSETS HELD FOR SALE (4)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

34 RESULTS
340 ACCUMULATED RESULTS OF PRIOR YEARS
3400 ACCUMULATED PROFIT OF PRIOR YEARS
3400000 PROFIT TO BE APPLIED
3401 ACCUMULATED LOSS OF PRIOR YEAR
3401000 ACCUMULATED LOSS OF PRIOR YEAR
341 RESULTS OF THE CURRENT YEAR
3410 PROFIT OF THE YEAR
3410000 PROFIT OF THE YEAR
3411 LOSS OF THE YEAR
3411000 LOSS OF THE YEAR
35 RESTRICTED EQUITY
350 RESTRICTED EQUITY
3500 RESTRICTED EQUITY
3500000 NON-DISTRIBUTABLE PROFITS
3500010 DONATIONS
3500020 INVESTMENTS HELD FOR TRADING
3500030 ACCRUED INCOME NOT RECEIVED
3500040 OTHERS
36 SHARE-BASED PAYMENT OPTIONS
360 SHARE-BASED PAYMENT OPTIONS
3600 SHARE-BASED PAYMENT OPTIONS
3600000 SHARE-BASED PAYMENT OPTIONS
4 EXPENSES
41 OPERATING EXPENSES
410 OPERATING EXPENSES OF SECURITIES SERVICES
4100 PLACEMENT EXPENSES
4100000 PLACEMENT EXPENSES IN PRIMARY MARKET
4100010 PLACEMENT EXPENSES IN SECONDARY MARKET 4101 OPERATING EXPENSES FOR SECURITIES SERVICES 4101000 OPERATING EXPENSES FOR REGISTRATION SERVICES 4101010 OPERATING EXPENSES FOR ADVISORY SERVICES 4101020 EXPENSES FOR STOCK EXCHANGE COMMISSIONS FOR OPERATIONS 4102 OPERATING EXPENSES FOR COLLECTION SERVICES 4102000 EXPENSES FOR COLLECTION SERVICES 4102010 EXPENSES FOR COLLECTION SERVICES OF YIELDS 4103 OTHER OPERATING EXPENSES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

4103000 EXPENSES FOR CORRESPONDENCY COMMISSIONS 4103010 EXPENSES FOR TRANSFER COMMISSIONS 4103020 EXPENSES FOR TRANSFER COMMISSIONS 4103030 EXPENSES FOR OTHER SERVICES 4104 EXPENSES FOR OPERATIONS WITH FOREIGN SECURITIES 4104000 EXPENSES FOR FINANCIAL INFORMATION SERVICES 4104010 SECURITIES TRAINING 4105 DISCOUNT ON PURCHASE OF SECURITIES 4105000 DISCOUNT ON PURCHASE OF SECURITIES 411 OPERATING EXPENSES FOR PORTFOLIO MANAGEMENT SERVICES 4110 OPERATING EXPENSES FOR PORTFOLIO MANAGEMENT SERVICE 4110000 SURVEILLANCE AND PROTECTION SERVICES 4110010 TRANSPORT SERVICES 4110020 COMMUNICATION SERVICES 4110030 SECURITIES CUSTODY SERVICES 4110040 INFORMATION TECHNOLOGY SERVICES 4110050 PROFESSIONAL FEES 4110060 PRINTING SERVICES 4110070 ELECTRICITY AND WATER SERVICES 4110080 ADVERTISING SERVICES 4110090 CLEANING AND FUMIGATION SERVICES 4110100 OFFICE MAINTENANCE SERVICES 4110110 VEHICLE MAINTENANCE SERVICES 4110120 FURNITURE AND EQUIPMENT MAINTENANCE SERVICES 4110130 PER DIEMS 4110140 SUBSCRIPTIONS 4110150 FUELS AND LUBRICANTS 4110160 CERTIFICATIONS 4110170 OTHER EXPENSES FOR SERVICES 4111 PORTFOLIO MANAGEMENT STAFF EXPENSES 4111000 SALARIES AND WAGES OF PORTFOLIO MANAGEMENT STAFF 4111010 COMMISSIONS TO PORTFOLIO MANAGEMENT AGENTS. 4111020 OVERTIME OF PORTFOLIO MANAGEMENT STAFF 4111030 HOLIDAY BONUSES AND BONUSES 4111040 VACATIONS 4111050 UNIFORMS 4111060 TRAINING

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

4111070 SOCIAL BENEFITS
4111080 INSURANCE FOR STAFF
4111090 INDEMNITIES
4111100 SOCIAL BENEFITS
4111110 LABOR OBLIGATIONS
4111120 OTHER STAFF BENEFITS
4112 PORTFOLIO MANAGEMENT MANAGEMENT EXPENSES
4112000 PER DIEMS
4112010 REMUNERATIONS AND SALARIES
4112020 ENTERTAINMENT AND REPRESENTATION
4112030 OTHER BOARD EXPENSES
4113 INSURANCE EXPENSES FOR PORTFOLIO MANAGEMENT 4113000 INSURANCE ON MONEY AND SECURITIES 4113010 INSURANCE FOR PROPERTY, PLANT AND EQUIPMENT ASSETS 4113020 INSURANCE FOR DISHONESTY 4113030 OTHER INSURANCES 4114 DIVERSE EXPENSES ASSOCIATED WITH PORTFOLIO MANAGEMENT 4114000 PROPERTY RENTS 4114010 LEASE OF ASSETS FOR USE 4114020 STATIONERY AND OFFICE SUPPLIES 4114030 CLEANING MATERIALS AND SUPPLIES 4114040 FINES AND SANCTIONS 4114050 OTHER DIVERSE EXPENSES 412 GENERAL ADMINISTRATIVE AND SECURITIES OPERATIONS STAFF EXPENSES 4120 STAFF EXPENSES 4120000 STAFF SALARIES AND WAGES 4120010 COMMISSIONS TO BROKER AGENTS 4120020 OVERTIME 4120030 HOLIDAY BONUSES AND BONUSES 4120040 VACATIONS 4120050 UNIFORMS 4120060 TRAINING 4120070 SOCIAL BENEFITS 4120080 INSURANCE FOR STAFF 4120090 INDEMNITIES 4120100 SOCIAL BENEFITS 4120110 LABOR OBLIGATIONS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

4120120 OTHER STAFF BENEFITS
4121 BOARD EXPENSES
4121000 PER DIEMS
4121010 REMUNERATIONS AND SALARIES
4121020 ENTERTAINMENT AND REPRESENTATION
4121030 OTHER BOARD EXPENSES
4122 EXPENSES FOR SERVICES RECEIVED FROM THIRD PARTIES 4122000 SURVEILLANCE AND PROTECTION SERVICES 4122010 TRANSPORT SERVICES 4122020 COMMUNICATION SERVICES 4122030 SECURITIES CUSTODY SERVICES 4122040 INFORMATION TECHNOLOGY SERVICES 4122050 PROFESSIONAL FEES 4122060 PRINTING SERVICES 4122070 ELECTRICITY AND WATER SERVICES 4122080 EXTERNAL AUDIT 4122090 ADVERTISING SERVICES 4122100 CLEANING AND FUMIGATION SERVICES 4122110 OFFICE MAINTENANCE SERVICES 4122120 VEHICLE MAINTENANCE SERVICES 4122130 FURNITURE AND EQUIPMENT MAINTENANCE SERVICES 4122140 PER DIEMS 4122150 SUBSCRIPTIONS 4122160 FUELS AND LUBRICANTS 4122170 CERTIFICATIONS 4122180 OTHER EXPENSES FOR SERVICES 4123 INSURANCE EXPENSES 4123000 INSURANCE ON MONEY AND SECURITIES 4123010 INSURANCE FOR PROPERTY, PLANT AND EQUIPMENT ASSETS 4123020 INSURANCE FOR DISHONESTY 4123030 OTHER INSURANCES 4124 TAXES AND CONTRIBUTIONS 4124000 MUNICIPAL TAXES 4124010 CONTRIBUTIONS FOR AUDIT TO THE SUPERINTENDENCY OF THE FINANCIAL SYSTEM (1) 4124020 OTHER TAXES AND CONTRIBUTIONS 4124030 STOCK EXCHANGE CONTRIBUTIONS. 4124040 ACABOLSA CONTRIBUTIONS.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 4125 OTHER EXPENSES 4125000 RENTAL OF ASSETS 4125010 LEASE OF USE ASSETS 4125020 STATIONERY AND OFFICE SUPPLIES 4125030 CLEANING MATERIALS AND SUPPLIES 4125040 FINES AND PENALTIES 4125050 OTHER OTHER EXPENSES 4126 EXPENSES FROM MARKETING SHARES OF OPEN-END INVESTMENT FUNDS (3) 4126000 EXPENSES FROM MARKETING SHARES OF LOCAL OPEN-END INVESTMENT FUNDS (3) 4126010 EXPENSES FROM MARKETING SHARES OF FOREIGN OPEN-END INVESTMENT FUNDS (3) 4126020 OTHERS (3) 413 EXPENSES FROM DEPRECIATION, AMORTIZATION AND IMPAIRMENT FROM CURRENT OPERATIONS 4130 DEPRECIATION OF REAL ESTATE 4130000 DEPRECIATION OF BUILDINGS 4130010 DEPRECIATION OF INSTALLATIONS 4130020 DEPRECIATION OF ASSETS UNDER FINANCIAL LEASE 4131 DEPRECIATION OF MOVABLE ASSETS 4131000 DEPRECIATION OF FURNITURE AND EQUIPMENT 4131010 DEPRECIATION OF TRANSPORT EQUIPMENT 4131020 DEPRECIATION OF OTHER DIVERSE USE ASSETS 4131030 DEPRECIATION OF INSTALLATIONS AND IMPROVEMENTS ON PROPERTIES LEASED 4131040 DEPRECIATION OF SECURITY EQUIPMENT 4131050 DEPRECIATION OF COMMUNICATIONS EQUIPMENT 4132 AMORTIZATION OF INTANGIBLE ASSETS 4132000 AMORTIZATION OF STOCK EXCHANGE POST 4132010 AMORTIZATION OF LICENSES AND CONCESSIONS 4132020 AMORTIZATION OF SOFTWARE PROGRAMS 4132030 AMORTIZATION OF FRANCHISES 4132040 AMORTIZATION OF WEBSITES 4132050 AMORTIZATION OF OTHER INTANGIBLES 4133 LOSS FROM IMPAIRMENT OF ASSET VALUE 4133000 IMPAIRMENT OF BUILDINGS 4133010 IMPAIRMENT OF INSTALLATIONS 4133020 IMPAIRMENT OF FURNITURE AND EQUIPMENT 4133030 IMPAIRMENT OF TRANSPORT EQUIPMENT 4133040 IMPAIRMENT OF OTHER DIVERSE USE ASSETS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 4133050 IMPAIRMENT OF INSTALLATIONS AND IMPROVEMENTS ON PROPERTIES LEASED 4133060 IMPAIRMENT OF SECURITY EQUIPMENT 4133070 IMPAIRMENT OF COMMUNICATIONS EQUIPMENT 4133080 IMPAIRMENT OF STOCK EXCHANGE POSTS 4133090 IMPAIRMENT OF LICENSES AND CONCESSIONS 4133100 IMPAIRMENT OF SOFTWARE PROGRAMS 4133110 IMPAIRMENT OF FRANCHISES 4133120 IMPAIRMENT OF WEBSITES 4133130 IMPAIRMENT OF OTHER INTANGIBLES 4133140 IMPAIRMENT OF ASSETS UNDER FINANCIAL LEASE 4133150 IMPAIRMENT OF LONG-TERM ASSETS AND LIABILITIES HELD FOR SALE 414 EXPENSES FROM DEPRECIATION OF PROPERTY, PLANT AND EQUIPMENT ALLOCATED TO PORTFOLIO 4140 DEPRECIATION OF REAL ESTATE 4140000 DEPRECIATION OF BUILDINGS 4140010 DEPRECIATION OF INSTALLATIONS 4140020 DEPRECIATION OF ASSETS UNDER FINANCIAL LEASE 4141 DEPRECIATION OF MOVABLE ASSETS 4141000 DEPRECIATION OF FURNITURE AND EQUIPMENT 4141010 DEPRECIATION OF TRANSPORT EQUIPMENT 4141020 DEPRECIATION OF OTHER DIVERSE USE ASSETS 4141030 DEPRECIATION OF INSTALLATIONS AND IMPROVEMENTS ON PROPERTIES LEASED 4141040 DEPRECIATION OF SECURITY EQUIPMENT 4141050 DEPRECIATION OF COMMUNICATIONS EQUIPMENT 4142 AMORTIZATION OF INTANGIBLE ASSETS ALLOCATED TO PORTFOLIO 4142000 AMORTIZATION OF SOFTWARE PROGRAMS 415 WRITE-DOWN OF LONG-TERM ASSETS HELD FOR SALE 4150 WRITE-DOWN OF LONG-TERM ASSETS HELD FOR SALE 4150000 INVESTMENTS IN SUBSIDIARIES 4150010 INVESTMENTS IN AFFILIATES 4150020 INVESTMENTS IN JOINT VENTURES 4150030 ASSETS IN DISCONTINUATION 4150040 PROPERTY, PLANT AND EQUIPMENT 4150050 INTANGIBLE ASSETS 4150060 ASSETS RECEIVED UNDER FINANCIAL LEASE 4150070 ASSETS RECEIVED IN PAYMENT OR AWARDED 416 OPERATION EXPENSES FOR INDIVIDUAL PORTFOLIO MANAGEMENT SERVICES (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 4160 OPERATION EXPENSES FOR PORTFOLIO MANAGEMENT SERVICE (1) 4160000 SURVEILLANCE AND PROTECTION SERVICES (1) 4160010 TRANSPORT SERVICES (1) 4160020 COMMUNICATION SERVICES (1) 4160030 SECURITIES CUSTODY SERVICES (1) 4160040 IT SERVICES (1) 4160050 PROFESSIONAL FEES (1) 4160060 PRINTING SERVICES (1) 4160070 ELECTRICITY AND WATER SERVICES (1) 4160080 ADVERTISING SERVICES (1) 4160090 CLEANING AND FUMIGATION SERVICES (1) 4160100 OFFICE MAINTENANCE SERVICES (1) 4160110 VEHICLE MAINTENANCE SERVICES (1) 4160120 FURNITURE AND EQUIPMENT MAINTENANCE SERVICES (1) 4160130 PER DIEM ALLOWANCES (1) 4160140 SUBSCRIPTIONS (1) 4160150 FUELS AND LUBRICANTS (1) 4160160 CERTIFICATIONS (1) 4160170 OTHER SERVICE EXPENSES (1) 4161 PERSONNEL EXPENSES FOR INDIVIDUAL PORTFOLIO MANAGEMENT (1) 4161000 SALARIES AND WAGES FOR PORTFOLIO MANAGEMENT STAFF (1) 4161010 COMMISSIONS TO PORTFOLIO MANAGEMENT AGENTS. (1) 4161020 OVERTIME FOR PORTFOLIO MANAGEMENT STAFF (1) 4161030 BONUS AND GRATIFICATIONS (1) 4161040 VACATIONS (1) 4161050 UNIFORMS (1) 4161060 TRAINING (1) 4161070 SOCIAL BENEFITS (1) 4161080 INSURANCE FOR STAFF (1) 4161090 INDEMNITIES (1) 4161100 SOCIAL BENEFITS (1) 4161110 LABOR OBLIGATIONS (1) 4161120 OTHER STAFF BENEFITS (1) 4162 MANAGEMENT EXPENSES FOR INDIVIDUAL PORTFOLIO MANAGEMENT. (1) 4162000 PER DIEMS (1) 4162010 REMUNERATIONS AND SALARIES (1) 4162020 ENTERTAINMENT AND REPRESENTATION (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 4162030 OTHER BOARD EXPENSES (1) 4163 INSURANCE EXPENSES FOR INDIVIDUAL PORTFOLIO MANAGEMENT (1) 4163000 INSURANCE ON MONEY AND SECURITIES (1) 4163010 INSURANCE FOR PROPERTY, PLANT AND EQUIPMENT ASSETS (1) 4163020 INSURANCE FOR DISHONESTY (1) 4163030 OTHER INSURANCES (1) 4164 OTHER EXPENSES ASSOCIATED WITH INDIVIDUAL PORTFOLIO MANAGEMENT (1) 4164000 RENTAL OF ASSETS (1) 4164010 LEASE OF USE ASSETS (1) 4164020 STATIONERY AND OFFICE SUPPLIES (1) 4164030 CLEANING MATERIALS AND SUPPLIES (1) 4164040 FINES AND PENALTIES (1) 4164050 OTHER OTHER EXPENSES (1) 417 EXPENSES FROM DEPRECIATION OF PROPERTY, PLANT AND EQUIPMENT ALLOCATED TO INDIVIDUAL PORTFOLIO MANAGEMENT (1) 4170 DEPRECIATION OF REAL ESTATE (1) 4170000 DEPRECIATION OF BUILDINGS (1) 4170010 DEPRECIATION OF INSTALLATIONS (1) 4170020 DEPRECIATION OF ASSETS UNDER FINANCIAL LEASE (1) 4171 DEPRECIATION OF MOVABLE ASSETS (1) 4171000 DEPRECIATION OF FURNITURE AND EQUIPMENT (1) 4171010 DEPRECIATION OF TRANSPORT EQUIPMENT (1) 4171020 DEPRECIATION OF OTHER DIVERSE USE ASSETS (1) 4171030 DEPRECIATION OF INSTALLATIONS AND IMPROVEMENTS ON PROPERTIES LEASED (1) 4171040 DEPRECIATION OF SECURITY EQUIPMENT (1) 4171050 DEPRECIATION OF COMMUNICATIONS EQUIPMENT (1) 4172 AMORTIZATION OF INTANGIBLE ASSETS ALLOCATED TO INDIVIDUAL PORTFOLIO MANAGEMENT (1) 4172000 AMORTIZATION OF SOFTWARE PROGRAMS (1) 42 FINANCIAL EXPENSES 420 EXPENSES FROM FOREIGN CURRENCY EXCHANGE OPERATIONS 4200 EXPENSES FROM FOREIGN CURRENCY EXCHANGE OPERATIONS. 4200000 EXPENSES FROM FOREIGN CURRENCY EXCHANGE OPERATIONS. 4200010 EXCHANGE DIFFERENCE 4200020 DIFFERENCE IN THE PURCHASE AND SALE OF FOREIGN CURRENCY 421 OPERATION EXPENSES FROM OWN INVESTMENTS 4210 EXPENSES FROM INVESTMENTS IN SECURITIES 4210000 EXPENSES FROM INVESTMENTS IN FIXED-INCOME SECURITIES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 4210010 EXPENSES FROM INVESTMENTS IN VARIABLE-INCOME SECURITIES 4211 EXPENSES FROM INVESTMENTS IN REPO TRANSACTIONS 4211000 EXPENSES FROM INVESTMENTS IN REPO TRANSACTIONS 4212 EXPENSES FROM INVESTMENTS IN PORTFOLIO MANAGEMENT 4212000 COMMISSIONS 4212010 OTHERS 422 EXPENSES FROM OBLIGATIONS WITH FINANCIAL INSTITUTIONS 4220 EXPENSES FROM INTERESTS 4220000 EXPENSES FROM OBLIGATIONS WITH LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS 4220010 EXPENSES FROM OVERDRAFTS WITH LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS 4220020 EXPENSES FROM LOAN DEBTS WITH LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS 4220030 EXPENSES FROM OTHER OBLIGATIONS WITH LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS 4220040 EXPENSES FROM OBLIGATIONS WITH FOREIGN BANKS AND FINANCIAL COMPANIES 4220050 EXPENSES FROM OVERDRAFTS WITH FOREIGN BANKS AND FINANCIAL COMPANIES 4220060 EXPENSES FROM LOAN DEBTS WITH FOREIGN BANKS AND FINANCIAL COMPANIES 4220070 EXPENSES FROM OTHER OBLIGATIONS WITH FOREIGN BANKS AND FINANCIAL COMPANIES 423 EXPENSES FROM ACCOUNTS AND DOCUMENTS PAYABLE 4230 FINANCIAL EXPENSES FROM STOCK MARKET OPERATIONS 4230000 EXPENSES FROM OBLIGATIONS FROM OWN OPERATIONS 4230010 EXPENSES FROM OBLIGATIONS FROM STOCK MARKET OPERATIONS SERVICES 4230020 EXPENSES FROM OBLIGATIONS FROM TAXES AND CONTRIBUTIONS 4230030 EXPENSES FROM DIVIDENDS AND PARTICIPATIONS 4230040 EXPENSES FROM OTHER ACCOUNTS AND DOCUMENTS PAYABLE 4230050 EXPENSES FROM ACCOUNTS AND DOCUMENTS PAYABLE RELATED 424 EXPENSES FROM ASSETS RECEIVED UNDER FINANCIAL LEASE 4240 EXPENSES FROM ASSETS RECEIVED UNDER FINANCIAL LEASE 4240000 EXPENSES FROM ASSETS RECEIVED UNDER FINANCIAL LEASE 425 OTHER FINANCIAL EXPENSES 4250 EXPENSES FROM CREDITS 4250000 EXPENSES FROM CREDIT LINES 4250010 EXPENSES FROM GUARANTEES CONTRACTED 4251 EXPENSES FROM CONTINGENCIES, COMMITMENTS AND OTHERS 4251000 PROVISION FOR CONTINGENCIES 4251010 PROVISION FOR COMMITMENTS 4251020 OTHER FINANCIAL EXPENSES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 426 PROVISIONS FOR UNCOLLECTABILITY AND WRITE-DOWN OF INVESTMENTS 4260 PROVISION FOR UNCOLLECTABILITY OF ACCOUNTS AND DOCUMENTS RECEIVABLE 4260000 PROVISION FOR ACCOUNTS AND DOCUMENTS RECEIVABLE 4261 PROVISION FOR WRITE-DOWN OF ASSETS AND LIABILITIES 4261000 HELD FOR TRADING 4261010 AVAILABLE FOR SALE 4262 PROVISION FOR OTHER ASSETS. 4262000 PROVISION FOR OTHER ASSETS. 4263 WRITT-OFF OF ASSET YIELDS 4263000 WRITT-OFF OF AVAILABLE YIELDS 4263010 WRITT-OFF OF ACCOUNTS AND DOCUMENTS RECEIVABLE YIELDS 4263020 WRITT-OFF OF FINANCIAL INVESTMENT YIELDS 4264 CLEANING UP OF FINANCIAL ASSETS 4264000 FINANCIAL ASSETS AVAILABLE FOR SALE 4264010 FINANCIAL ASSETS HELD TO MATURITY 4264020 FINANCIAL ASSETS HELD FOR TRADING 427 LOSSES ON SALE OF ASSETS 4270 LOSSES ON SALE OF ASSETS 4270000 NEGOTIABLE FINANCIAL ASSETS AND LIABILITIES 4270010 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS 4270020 FINANCIAL ASSETS AVAILABLE FOR SALE 4270030 FINANCIAL ASSETS HELD TO MATURITY 4270040 REAL ESTATE AND INVESTMENT PROPERTIES 43 EXTRAORDINARY EXPENSES 430 EXTRAORDINARY EXPENSES 4300 EXTRAORDINARY EXPENSES 4300000 LOSSES FROM ACCIDENTS 4300010 LOSSES FROM ROBBERIES, ASSAULTS AND FRAUDS 4300020 LOSSES ON SALE OF ASSETS 4300030 OTHER EXTRAORDINARY EXPENSES 44 INCOME TAX 440 INCOME TAX 4400 INCOME TAX 4400000 INCOME TAX 5 INCOME 51 OPERATING INCOME

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 510 INCOME FROM STOCK MARKET SERVICES 5100 INCOME FROM STOCK MARKET OPERATIONS SERVICES 5100000 INCOME FROM PRIMARY MARKET PLACEMENT SERVICES 5100010 INCOME FROM SECONDARY MARKET PLACEMENT SERVICES 5100020 INCOME FROM REPO SERVICES 5100030 INCOME FROM OPERATIONS ABROAD 511 INCOME FROM PORTFOLIO MANAGEMENT SERVICES OPERATIONS. 5110 INCOME FROM PORTFOLIO MANAGEMENT SERVICES OPERATIONS. 5110000 COMMISSIONS FOR PORTFOLIO MANAGEMENT 5110010 PENALTIES 5110020 OTHER INCOME FROM PORTFOLIO MANAGEMENT 512 OTHER INCOME 5120 OPERATING INCOME FROM COLLECTION SERVICES. 5120000 INCOME FROM COLLECTION SERVICE OPERATIONS. 5120010 INCOME FROM YIELD COLLECTION SERVICES. 5121 OPERATING INCOME FROM DIVERSE SERVICES 5121000 INCOME FROM REGISTRATION SERVICES 5121010 INCOME FROM ADVISORY SERVICES 5121020 INCOME FROM REPRESENTATION SERVICES OF SECURITIES HOLDERS 5122 OTHER INCOME 5122000 INCOME FROM TRAINING 5122010 INCOME FROM EXPENSE RECOVERY 5122020 OTHER INCOME 5123 REVERSALS OF IMPAIRMENT OF NON-CURRENT ASSETS 5123000 REVERSALS OF IMPAIRMENT OF NON-CURRENT ASSETS 5124 OTHER INCOME 5124000 REVERSAL FOR IMPAIRMENT OF FINANCIAL ASSETS AND LIABILITIES 5124010 CHANGES IN FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES 5124020 GAINS ON SALE OF FINANCIAL INVESTMENTS 5125 INCOME FROM MARKETING SHARES OF OPEN-END INVESTMENT FUNDS (3) 5125000 COMMISSIONS FROM MARKETING SHARES OF OPEN-END INVESTMENT FUNDS LOCAL (3) 5125010 COMMISSIONS FROM MARKETING SHARES OF OPEN-END INVESTMENT FUNDS FOREIGN (3) 5125020 OTHERS (3) 513 INCOME FROM INDIVIDUAL PORTFOLIO MANAGEMENT SERVICES OPERATIONS. (1) 5130 INCOME FROM INDIVIDUAL PORTFOLIO MANAGEMENT SERVICES OPERATIONS. (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 5130000 COMMISSIONS FOR INDIVIDUAL PORTFOLIO MANAGEMENT (1) 5130010 PENALTIES (1) 5130020 OTHER INCOME FROM INDIVIDUAL PORTFOLIO MANAGEMENT (1) 52 FINANCIAL INCOME 520 FOREIGN CURRENCY PURCHASE AND SALE OPERATIONS 5200 INCOME FROM FOREIGN CURRENCY EXCHANGE OPERATIONS 5200000 INCOME FROM FOREIGN CURRENCY EXCHANGE OPERATIONS 5200010 EXCHANGE DIFFERENCE 5200020 DIFFERENCE IN THE PURCHASE AND SALE OF FOREIGN CURRENCY 521 INCOME FROM FINANCIAL INVESTMENTS 5210 TAXABLE INCOME FROM INCOME TAX. 5210000 INCOME FROM INVESTMENT OPERATIONS IN FIXED-INCOME SECURITIES 5210010 INCOME FROM INVESTMENT OPERATIONS IN VARIABLE-INCOME SECURITIES 5210020 INCOME FROM INVESTMENT OPERATIONS IN REPO TRANSACTIONS 5210030 INCOME FROM INVESTMENT OPERATIONS IN PORTFOLIO MANAGEMENT 5210040 OTHERS 5211 INCOME EXEMPT FROM INCOME TAX 5211000 INCOME FROM INVESTMENT OPERATIONS IN FIXED-INCOME SECURITIES 5212 INCOME FROM INTERESTS 5212000 INTERESTS AND DIVIDENDS FROM FINANCIAL INVESTMENT PORTFOLIO 522 INCOME FROM ACCOUNTS AND DOCUMENTS RECEIVABLE 5220 YIELDS FROM ACCOUNTS AND DOCUMENTS RECEIVABLE 5220000 INTERESTS 5220010 DELAY 523 RECOVERY OF FINANCIAL ASSETS 5230 RECOVERY OF FINANCIAL ASSETS 5230000 RECOVERY OF FINANCIAL ASSETS 5231 REDUCTION OF PROVISIONS FOR ACCOUNTS AND DOCUMENTS RECEIVABLE AND INVESTMENTS 5231000 REDUCTION OF PROVISIONS FOR ACCOUNTS AND DOCUMENTS RECEIVABLE 5231010 REDUCTION OF PROVISIONS FOR FINANCIAL INVESTMENTS 524 OTHER FINANCIAL INCOME 5240 OTHER FINANCIAL INCOME 5240000 OTHER FINANCIAL INCOME 53 EXTRAORDINARY INCOME 530 EXTRAORDINARY INCOME

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 5300 EXTRAORDINARY INCOME 5300000 GAIN ON SALE OF ASSETS 5300010 OTHER EXTRAORDINARY INCOME 6 CONTINGENCIES OF OWN COMMITMENTS AND CONTROL (5) 61 DEBIT CONTINGENT COMMITMENT ACCOUNTS. 610 GUARANTEES GRANTED 6100 FOR STOCK MARKET OPERATIONS 6100000 FOR STOCK MARKET OPERATIONS 6101 FOR PORTFOLIO MANAGEMENT 6101000 FOR PORTFOLIO MANAGEMENT 6102 OTHER GUARANTEES 6102000 OTHER GUARANTEES 6103 SURETIES AND BONDS GRANTED 6103000 SURETIES AND BONDS GRANTED 611 LITIGATION AND LAWSUITS 6110 LITIGATION AND LAWSUITS 6110000 LITIGATION AND LAWSUITS 612 ISSUER SECURITIES IN EXISTENCE FOR TRADING 6120 ISSUER SECURITIES IN EXISTENCE FOR TRADING (4) 6120000 ISSUER SECURITIES IN EXISTENCE FOR TRADING (4) 613 OTHER CONTINGENCIES AND COMMITMENTS 6130 STOCK MARKET OPERATIONS 6130000 STOCK MARKET OPERATIONS 6131 PORTFOLIO MANAGEMENT 6131000 PORTFOLIO MANAGEMENT 6132 OTHERS 6132000 OTHERS 6133 INDIVIDUAL PORTFOLIO MANAGEMENT (1) 6133000 INDIVIDUAL PORTFOLIO MANAGEMENT (1) 614 OWN REPO OPERATIONS 6140 REPURCHASE RIGHT FOR SALES REPOS 6140000 REPURCHASE RIGHT FOR SALES REPOS 6141 RIGHTS TO RECEIVE MONEY, FROM PURCHASE REPOS 6141000 RIGHTS TO RECEIVE MONEY, FROM PURCHASE REPOS 62 CONTROL ACCOUNTS 620 OWN SECURITIES AND ASSETS IN CUSTODY 6200 SECURITIES IN CUSTODY

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 6200000 SECURITIES IN CUSTODY 6201 ASSETS IN CUSTODY 6201000 ASSETS IN CUSTODY 6202 DOCUMENTS IN CUSTODY 6202000 DOCUMENTS IN CUSTODY 621 OWN SECURITIES AND ASSETS PLEDGED AS COLLATERAL 6210 SECURITIES 6210000 SECURITIES 6211 MOVABLE AND IMMOVABLE ASSETS 6211000 MOVABLE AND IMMOVABLE ASSETS 6212 OTHER PLEDGED GUARANTEES 6212000 OTHER PLEDGED GUARANTEES 622 OBTAINED CREDITS NOT USED 6220 OBTAINED CREDITS NOT USED 6220000 OBTAINED CREDITS NOT USED 623 GUARANTEES RECEIVED 6230 FIXED-INCOME SECURITIES 6230000 FIXED-INCOME SECURITIES 6231 VARIABLE-INCOME SECURITIES 6231000 VARIABLE-INCOME SECURITIES 6232 INVESTMENT YIELD 6232000 INVESTMENT YIELD 624 OTHER CONTROL ACCOUNTS 6240 DEPRECIATED PROPERTY, PLANT AND EQUIPMENT 6240000 DEPRECIATED PROPERTY, PLANT AND EQUIPMENT 6241 NON-DEPRECIABLE ASSETS 6241000 NON-DEPRECIABLE ASSETS 6242 WRITTEN-OFF UNCOLLECTABLE ACCOUNTS AND DOCUMENTS RECEIVABLE 6242000 WRITTEN-OFF UNCOLLECTABLE ACCOUNTS AND DOCUMENTS RECEIVABLE 6243 YIELDS FROM WRITTEN-OFF ACCOUNTS AND DOCUMENTS RECEIVABLE 6243000 YIELDS FROM WRITTEN-OFF ACCOUNTS AND DOCUMENTS RECEIVABLE 6244 YIELDS FROM ACCOUNTS AND DOCUMENTS IN DOUBTFUL COLLECTION 6244000 YIELDS FROM ACCOUNTS AND DOCUMENTS IN DOUBTFUL COLLECTION 7 OWN COMMITMENT AND CONTROL CONTINGENCIES (5) 71 CREDITOR CONTINGENT AND COMMITMENT ACCOUNTS 710 LIABILITY FOR GUARANTEES GRANTED 7100 LIABILITY FOR GUARANTEES GRANTED TO FINANCIAL INSTITUTIONS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 7100000 LIABILITY FOR GUARANTEES GRANTED TO FINANCIAL INSTITUTIONS 7101 LIABILITY FOR OTHER GUARANTEES GRANTED 7101000 LIABILITY FOR OTHER GUARANTEES GRANTED 711 LIABILITY FOR LITIGATION AND LAWSUITS 7110 LIABILITY FOR LITIGATION AND LAWSUITS 7110000 LIABILITY FOR LITIGATION AND LAWSUITS 712 LIABILITY FOR PRIMARY PLACEMENT COMMITMENTS 7120 LIABILITY FOR PRIMARY PLACEMENT OF SECURITIES. 7120000 LIABILITY FOR PRIMARY PLACEMENT OF SECURITIES. 713 LIABILITY FOR OTHER CONTINGENCIES AND COMMITMENTS. 7130 LIABILITY FOR PAYMENTS ON BEHALF OF ISSUERS 7130000 LIABILITY FOR PAYMENTS ON BEHALF OF ISSUERS 714 OBLIGATIONS AND RIGHTS FROM OWN REPO OPERATIONS 7140 OBLIGATIONS FROM REPO SALE OF SECURITIES 7140000 OBLIGATIONS FROM REPO SALE OF SECURITIES 7141 OBLIGATION TO RESALE SECURITIES, FROM PURCHASE OPERATIONS 7141000 OBLIGATION TO RESALE SECURITIES, FROM PURCHASE OPERATIONS 72 CREDITOR CONTROL ACCOUNTS 720 CONTRA-ACCOUNT OWN SECURITIES AND ASSETS IN CUSTODY 7200 CONTRA-ACCOUNT OWN SECURITIES AND ASSETS IN CUSTODY (4) 7200000 CONTRA-ACCOUNT OWN SECURITIES AND ASSETS IN CUSTODY (4) 721 CONTRA-ACCOUNT OWN SECURITIES AND ASSETS PLEDGED AS COLLATERAL 7210 CONTRA-ACCOUNT OWN SECURITIES AND ASSETS PLEDGED AS COLLATERAL (4) 7210000 CONTRA-ACCOUNT OWN SECURITIES AND ASSETS PLEDGED AS COLLATERAL (4) 722 CONTRA-ACCOUNT OF OBTAINED CREDITS NOT USED 7220 CONTRA-ACCOUNT OF OBTAINED CREDITS NOT USED (4) 7220000 CONTRA-ACCOUNT OF OBTAINED CREDITS NOT USED (4) 723 LIABILITY FOR GUARANTEES RECEIVED 7230 LIABILITY FOR GUARANTEES RECEIVED (4) 7230000 LIABILITY FOR GUARANTEES RECEIVED (4) 724 CONTRA-ACCOUNT OF OTHER CONTROL ACCOUNTS 7240 CONTRA-ACCOUNT OF OTHER CONTROL ACCOUNTS (4) 7240000 CONTRA-ACCOUNT OF OTHER CONTROL ACCOUNTS (4) 8 STOCK MARKET SERVICES OPERATIONS, PORTFOLIO MANAGEMENT AND INDIVIDUAL PORTFOLIO MANAGEMENT (1) 81 DEBIT ACCOUNTS FOR CASH AND RIGHTS FROM STOCK MARKET OPERATIONS SERVICES 810 CASH

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 8100 CASH 8100000 BILLS AND COINS IN LOCAL CURRENCY 8100010 BILLS AND COINS IN FOREIGN CURRENCY 811 BANKS 8110 CLIENT OPERATING ACCOUNT 8110000 LOCAL BANKS 8110010 (6) FOREIGN BANKS AND OTHER INSTITUTIONS (6) 8111 ISSUER OPERATING ACCOUNT 8111000 LOCAL BANKS 8111010 (6) FOREIGN BANKS AND OTHER INSTITUTIONS (6) 812 ACCOUNTS RECEIVABLE 8120 STOCK EXCHANGE 8120000 TODAY 8120010 SPOT 8120020 FORWARD 8120030 OPTIONAL 8120040 MATURITY OF THIRD-PARTY REPOS 8120050 MATURITY OF PORTFOLIO REPOS 8120060 MATURITY OF BANK REPOS 8120070 MATURITY OF BROKERAGE HOUSE REPOS 8120080 MATURITY OF INDIVIDUAL PORTFOLIO REPO (1) 8120090 MATURITY OF INVESTMENT FUND REPOS (4) 8121 INVESTORS 8121000 TODAY 8121010 SPOT 8121020 FORWARD 8121030 OPTIONAL 8121040 MATURITY OF THIRD-PARTY REPOS 8121050 MATURITY OF PORTFOLIO REPOS 8121060 MATURITY OF BANK REPOS 8121070 MATURITY OF BROKERAGE HOUSE REPOS. 8121080 FOR FOREIGN OPERATIONS 8121090 MATURITY OF INDIVIDUAL PORTFOLIO REPO (1) 8121100 MATURITY OF INVESTMENT FUND REPOS (4) 8122 ISSUERS 8122000 COUPONS 8122010 OTHERS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 8123 CENTRAL DEPOSITARY 8123000 CENTRAL DEPOSITARY 8123010 TODAY (4) 8123020 SPOT (4) 8123030 FORWARD (4) 8123040 OPTIONAL (4) 8123050 MATURITY OF THIRD-PARTY REPOS (4) 8123060 MATURITY OF PORTFOLIO REPOS (4) 8123070 MATURITY OF BANK REPOS (4) 8123080 MATURITY OF BROKERAGE HOUSE REPOS (4) 8123090 MATURITY OF INDIVIDUAL PORTFOLIO REPO (4) 8123100 MATURITY OF INVESTMENT FUND REPOS (4) 8124 FOREIGN INTERMEDIARIES 8124000 FOREIGN INTERMEDIARIES 813 SECURITIES TO BE RECEIVED 8130 CEDEVAL 8130000 OPERATIONS COMPLETED 8130010 OPERATIONS TO BE COMPLETED 8130020 SECURITIES BACKING REPOS 8131 INVESTORS. 8131000 OPERATIONS COMPLETED 8131010 OPERATIONS TO BE COMPLETED 8131020 SECURITIES BACKING REPOS 8132 FOREIGN INTERMEDIARIES 8132000 OPERATIONS COMPLETED 8132010 OPERATIONS TO BE COMPLETED 814 SECURITIES RECEIVED 8140 CEDEVAL 8140000 OPERATIONS COMPLETED 8140010 OPERATIONS TO BE COMPLETED 8140020 SECURITIES BACKING REPOS 8141 INVESTORS. 8141000 OPERATIONS COMPLETED 8141010 OPERATIONS TO BE COMPLETED 8141020 SECURITIES BACKING REPOS 8142 ISSUERS 8142000 OPERATIONS COMPLETED

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 8142010 OPERATIONS TO BE PERFORMED 8143 FOREIGN INTERMEDIARIES 8143000 COMPLETED OPERATIONS 8143010 OPERATIONS TO BE PERFORMED 815 SECURITIES DELIVERED PENDING NEGOTIATION 8150 INVESTORS. 8150000 THIRD-PARTY CLIENTS. 8150010 PORTFOLIO MANAGEMENT. 8150020 BANKS 8150030 OWN TO THE HOUSE 8150040 INDIVIDUAL PORTFOLIO MANAGEMENT (1) 8150050 INVESTMENT FUNDS (4) 8151 ISSUERS 8151000 BANKS AND FINANCIAL INSTITUTIONS 8151010 INSURANCE COMPANIES 8151020 COMMERCIAL COMPANIES 8151030 INDUSTRIAL COMPANIES 8151040 SERVICE COMPANIES 8151050 OTHER COMPANIES 816 SECURITIES RECEIVED FOR CUSTODY AND COLLECTION 8160 FIXED INCOME SECURITIES 8160000 RETAIL CLIENTS 8160010 PORTFOLIO MANAGEMENT. 8160020 BANKS 8160030 INDIVIDUAL PORTFOLIO MANAGEMENT (1) 8160040 INVESTMENT FUNDS (4) 8161 VARIABLE INCOME SECURITIES 8161000 RETAIL CLIENTS 8161010 PORTFOLIO MANAGEMENT. 8161020 BANKS 8161030 INDIVIDUAL PORTFOLIO MANAGEMENT (1) 8161040 INVESTMENT FUNDS (4) 8162 COUPONS 8162000 RETAIL CLIENTS 8162010 PORTFOLIO MANAGEMENT. 8162020 BANKS 8162030 INDIVIDUAL PORTFOLIO MANAGEMENT (1) 8162040 INVESTMENT FUNDS (4)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 8163 ISSUERS 8163000 FIXED INCOME SECURITIES 8163010 VARIABLE INCOME SECURITIES 8164 SECURITIES RECEIVED FROM CLIENTS AS COLLATERAL 8164000 FOR ISSUANCE GUARANTEE 8164010 FOR LOAN GUARANTEE 8164020 FOR OTHER GUARANTEES 8165 DOCUMENTS RECEIVED FROM CLIENTS FOR ISSUANCE GUARANTEE 8165000 BAILS 8165010 LETTERS OF CREDIT 8165020 OTHER DOCUMENTS 817 DEBT OPERATIONS WITH BANKS 8170 STOCK EXCHANGE 8170000 PRIMARY MARKET 8170010 SECONDARY MARKET 8170020 REPurchase AGREEMENTS 8171 BANKS 8171000 PRIMARY MARKET 8171010 SECONDARY MARKET 8171020 REPurchase AGREEMENTS 82 DEBT ACCOUNTS FOR PORTFOLIO ADMINISTRATION SERVICES 820 CASH 8200 PORTFOLIO X 8200000 BILLS AND COINS IN LOCAL CURRENCY 8200010 BILLS AND COINS IN FOREIGN CURRENCY 821 BANK ACCOUNTS PORTFOLIO MANAGEMENT 8210 PORTFOLIO X 8210000 CHECKING ACCOUNT 821000001 BANK X, CHECKING ACCT. 00000100 821000002 BANK Y, CHECKING ACCT. 00000200 8211 PORTFOLIO Y 8211000 CHECKING ACCOUNT 821100001 BANK X, CHECKING ACCT. 00000100 821100002 BANK Y, CHECKING ACCT. 00000200 822 INVESTMENT PORTFOLIO 8220 PORTFOLIO X 8220000 FIXED INCOME SECURITIES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 822000010 INVESTMENT CERTIFICATES 822000020 NATIONAL BONDS 822000030 FOREIGN BONDS 822000040 STOCK EXCHANGE PAPERS 822000050 INVESTMENTS IN SECURITIZATION FUNDS 822000060 OTHER FIXED INCOME SECURITIES 8220010 VARIABLE INCOME SECURITIES 822001000 SHARES 822001010 PARTICIPATIONS IN INVESTMENT FUNDS 822001020 HEDGING INSTRUMENTS AND DERIVATIVES 8220020 DEPOSITS IN BANKS 822002000 SAVINGS ACCOUNT 822002010 TIME DEPOSITS 8220030 REPurchase AGREEMENTS 822003000 PURCHASES 822003010 SALES 8220040 ESTIMATE FOR VALUATION OF INVESTMENT PORTFOLIO 822004000 FIXED INCOME SECURITIES 822004010 VARIABLE INCOME SECURITIES 8221 PORTFOLIO Y 8222 PORTFOLIO Z 823 EARNINGS TO BE COLLECTED 8230 PORTFOLIO X 8230000 EARNINGS FROM FIXED INCOME SECURITIES 8230010 EARNINGS FROM VARIABLE INCOME SECURITIES 8230020 EARNINGS FROM PURCHASE REPurchase AGREEMENTS 8230030 EARNINGS FROM BANK DEPOSITS 8230040 EARNINGS FROM RESTRICTED INVESTMENT PORTFOLIO 8231 PORTFOLIO Y 8232 PORTFOLIO Z 824 EXPENSES CHARGED TO CLIENTS 8240 PORTFOLIO X 8240000 CURRENT MONTH EXPENSES CHARGED TO CLIENTS 824000000 COMMISSIONS FOR PORTFOLIO MANAGEMENT 824000010 COMMISSIONS FOR WITHDRAWALS MADE BY CLIENTS 824000020 COMMISSIONS CHARGED BY THE STOCK EXCHANGE 824000030 COMMISSIONS CHARGED BY THE BROKERAGE HOUSE

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 824000040 COMMISSIONS CHARGED FOR DEPOSIT AND CUSTODY OF SECURITIES 824000050 COST OF REPurchase AGREEMENTS 824000060 OTHER EXPENSES 8240010 PREVIOUS MONTHS' EXPENSES CHARGED TO CLIENTS 824001000 COMMISSIONS FOR PORTFOLIO MANAGEMENT 824001010 COMMISSIONS FOR WITHDRAWALS MADE BY CLIENTS 824001020 COMMISSIONS CHARGED BY THE STOCK EXCHANGE 824001030 COMMISSIONS CHARGED BY THE BROKERAGE HOUSE 824001040 COMMISSIONS CHARGED FOR DEPOSIT AND CUSTODY OF SECURITIES 824001050 COST OF REPurchase AGREEMENTS. 824001060 OTHER EXPENSES 8241 PORTFOLIO Y 8242 PORTFOLIO Z 825 TAXES CHARGED TO CLIENTS 8250 PORTFOLIO X 8250000 CURRENT MONTH TAXES CHARGED TO CLIENTS 825000000 WITHHELD INCOME TAX 825000010 VAT GENERATED BY COMMISSIONS 825000020 OTHER TAXES 8250010 PREVIOUS MONTHS' TAXES CHARGED TO CLIENTS 825001000 WITHHELD INCOME TAX 825001010 VAT GENERATED BY COMMISSIONS 825001020 OTHER TAXES 8251 PORTFOLIO Y 8252 PORTFOLIO Z 83 DEBT CONTROL ACCOUNTS FOR PORTFOLIO ADMINISTRATION 830 RIGHTS TO RECEIVE IN MONEY FROM PURCHASE REPurchase AGREEMENTS PORTFOLIO ADMINISTRATION 8300 PORTFOLIO X 8300000 FIXED INCOME SECURITIES 8300010 VARIABLE INCOME SECURITIES 8301 PORTFOLIO Y 8302 PORTFOLIO Z 831 REPURCHASE RIGHTS FROM SALE REPurchase AGREEMENTS 8310 PORTFOLIO X 8310000 FIXED INCOME SECURITIES 8310010 VARIABLE INCOME SECURITIES 8311 PORTFOLIO Y

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 8312 PORTFOLIO Z 84 DEBT ACCOUNTS FOR INDIVIDUAL PORTFOLIO ADMINISTRATION SERVICES (1) 840 CASH (1) 8400 CASH (1) 8400000 BILLS AND COINS IN LOCAL CURRENCY (1) 8400010 BILLS AND COINS IN FOREIGN CURRENCY (1) 841 BANK ACCOUNTS PORTFOLIO ADMINISTRATION (1) 8410 BANKS (1) 8410000 CHECKING ACCOUNT (1) 842 INVESTMENT PORTFOLIO (1) 8420 INVESTMENTS (1) 8420000 FIXED INCOME SECURITIES (1) 842000010 INVESTMENT CERTIFICATES (1) 842000020 NATIONAL BONDS (1) 842000030 FOREIGN BONDS (1) 842000040 STOCK EXCHANGE PAPERS (1) 842000050 INVESTMENTS IN SECURITIZATION FUNDS (1) 842000060 OTHER FIXED INCOME SECURITIES (1) 8420010 VARIABLE INCOME SECURITIES (1) 842001000 SHARES (1) 842001010 PARTICIPATIONS IN INVESTMENT FUNDS (1) 842001020 HEDGING INSTRUMENTS AND DERIVATIVES (1) 8420020 DEPOSITS IN BANKS (1) 842002000 SAVINGS ACCOUNT (1) 842002010 TIME DEPOSITS (1) 8420030 REPurchase AGREEMENTS (1) 842003000 PURCHASES (1) 842003010 SALES (1) 8420040 ESTIMATE FOR VALUATION OF INVESTMENT PORTFOLIO (1) 842004000 FIXED INCOME SECURITIES (1) 842004010 VARIABLE INCOME SECURITIES (1) 843 EARNINGS TO BE COLLECTED (1) 8430 EARNINGS TO BE COLLECTED (1) 8430000 EARNINGS FROM FIXED INCOME SECURITIES (1) 8430010 EARNINGS FROM VARIABLE INCOME SECURITIES (1) 8430020 EARNINGS FROM PURCHASE REPurchase AGREEMENTS (1) 8430030 EARNINGS FROM BANK DEPOSITS (1) 8430040 EARNINGS FROM RESTRICTED INVESTMENT PORTFOLIO (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 844 EXPENSES CHARGED TO CLIENTS (1) 8440 EXPENSES CHARGED TO CLIENTS (1) 8440000 CURRENT MONTH EXPENSES CHARGED TO CLIENTS (1) 844000000 COMMISSIONS FOR PORTFOLIO MANAGEMENT (1) 844000010 COMMISSIONS FOR WITHDRAWALS MADE BY CLIENTS (1) 844000020 COMMISSIONS CHARGED BY THE STOCK EXCHANGE (1) 844000030 COMMISSIONS CHARGED BY THE BROKERAGE HOUSE (1) 844000040 COMMISSIONS CHARGED FOR DEPOSIT AND CUSTODY OF SECURITIES (1) 844000050 COST OF REPurchase AGREEMENTS. (1) 844000060 OTHER EXPENSES (1) 8440010 PREVIOUS MONTHS' EXPENSES CHARGED TO CLIENTS (1) 844001000 COMMISSIONS FOR PORTFOLIO MANAGEMENT (1) 844001010 COMMISSIONS FOR WITHDRAWALS MADE BY CLIENTS (1) 844001020 COMMISSIONS CHARGED BY THE STOCK EXCHANGE (1) 844001030 COMMISSIONS CHARGED BY THE BROKERAGE HOUSE (1) 844001040 COMMISSIONS CHARGED FOR DEPOSIT AND CUSTODY OF SECURITIES (1) 844001050 COST OF REPurchase AGREEMENTS. (1) 844001060 OTHER EXPENSES (1) 845 TAXES CHARGED TO CLIENTS (1) 8450 TAXES CHARGED TO CLIENTS (1) 8450000 CURRENT MONTH TAXES CHARGED TO CLIENTS (1) 845000000 WITHHELD INCOME TAX (1) 845000010 VAT GENERATED BY COMMISSIONS (1) 845000020 OTHER TAXES (1) 8450010 PREVIOUS MONTHS' TAXES CHARGED TO CLIENTS (1) 845001000 WITHHELD INCOME TAX (1) 845001010 VAT GENERATED BY COMMISSIONS (1) 845001020 OTHER TAXES (1) 85 DEBT CONTROL ACCOUNTS FOR INDIVIDUAL PORTFOLIO ADMINISTRATION (1) 850 RIGHTS TO RECEIVE IN MONEY FROM PURCHASE REPurchase AGREEMENTS INDIVIDUAL PORTFOLIO ADMINISTRATION (1) 8500 RIGHTS TO RECEIVE IN MONEY FROM PURCHASE REPurchase AGREEMENTS (1) 8500000 FIXED INCOME SECURITIES (1) 8500010 VARIABLE INCOME SECURITIES (1) 851 REPURCHASE RIGHTS FROM SALE REPurchase AGREEMENTS (1) 8510 REPURCHASE RIGHTS FROM SALE REPurchase AGREEMENTS (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 8510000 FIXED INCOME SECURITIES (1) 8510010 VARIABLE INCOME SECURITIES (1) 9 OBLIGATIONS FOR STOCK OPERATIONS, PORTFOLIO ADMINISTRATION AND INDIVIDUAL PORTFOLIO ADMINISTRATION SERVICES (1) (5) 91 OBLIGATIONS FOR FUNDS RECEIVED FROM CLIENTS FOR STOCK OPERATIONS 910 OBLIGATIONS FOR FUNDS RECEIVED FROM CLIENTS 9100 NATURAL PERSONS 9100000 FOR LOCAL OPERATIONS 9100010 FOR FOREIGN OPERATIONS 9101 LEGAL ENTITIES 9101000 FOR LOCAL OPERATIONS 9101010 FOR FOREIGN OPERATIONS 911 ACCOUNTS PAYABLE 9110 STOCK EXCHANGE 9110000 DUE TODAY 9110010 AT SPOT 9110020 AT TERM 9110030 OPTIONAL 9110040 MATURITY OF THIRD-PARTY REPurchase AGREEMENTS 9110050 MATURITY OF PORTFOLIO REPurchase AGREEMENTS 9110060 MATURITY OF BANK REPurchase AGREEMENTS 9110070 MATURITY OF BROKERAGE HOUSE REPurchase AGREEMENTS. 9110080 MATURITY OF INDIVIDUAL PORTFOLIO REPurchase AGREEMENTS (1) 9110090 MATURITY OF INVESTMENT FUND REPurchase AGREEMENTS (4) 9111 INVESTORS 9111000 SALE OPERATIONS 9111010 EARNINGS TO BE PAID 9111020 SECURITIES DUE TO BE PAID 9111030 MATURITY OF THIRD-PARTY REPurchase AGREEMENTS 9111040 MATURITY OF PORTFOLIO REPurchase AGREEMENTS 9111050 MATURITY OF BANK REPurchase AGREEMENTS 9111060 MATURITY OF BROKERAGE HOUSE REPurchase AGREEMENTS 9111070 FOR FOREIGN OPERATIONS 9111080 OTHER STOCK EXCHANGE ACCOUNTS PAYABLE 9111090 MATURITY OF INDIVIDUAL PORTFOLIO REPurchase AGREEMENT (1) 9111100 MATURITY OF INVESTMENT FUND REPurchase AGREEMENTS (4) 9112 ISSUERS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 9112000 FOR NEGOTIATION OF ISSUERS. 9113 FOREIGN INTERMEDIARIES 9113000 FOREIGN INTERMEDIARIES 9114 SECURITIES CENTRAL (4) 9114000 SECURITIES CENTRAL (4) 9114010 DUE TODAY (4) 9114020 AT SPOT (4) 9114030 AT TERM (4) 9114040 OPTIONAL (4) 9114050 MATURITY OF THIRD-PARTY REPurchase AGREEMENTS (4) 9114060 MATURITY OF PORTFOLIO REPurchase AGREEMENTS (4) 9114070 MATURITY OF BANK REPurchase AGREEMENTS (4) 9114080 MATURITY OF BROKERAGE HOUSE REPurchase AGREEMENTS (4) 9114090 MATURITY OF INDIVIDUAL PORTFOLIO REPurchase AGREEMENTS (4) 9114100 MATURITY OF INVESTMENT FUND REPurchase AGREEMENTS (4) 912 SECURITIES PENDING NEGOTIATION 9120 INVESTORS 9120000 FIXED INCOME SECURITIES 9120010 VARIABLE INCOME SECURITIES 9120020 REPurchase AGREEMENTS 9121 ISSUERS 9121000 FIXED INCOME SECURITIES 9121010 VARIABLE INCOME SECURITIES 913 SECURITIES TO BE DELIVERED 9130 CEDEVAL 9130000 OPERATIONS 9130010 MATURITY OF THIRD-PARTY REPurchase AGREEMENTS 9130020 MATURITY OF PORTFOLIO REPurchase AGREEMENTS 9130030 MATURITY OF BANK REPurchase AGREEMENTS 9130040 MATURITY OF BROKERAGE HOUSE REPurchase AGREEMENTS 9130050 MATURITY OF INDIVIDUAL PORTFOLIO REPurchase AGREEMENT (1) 9130060 MATURITY OF INVESTMENT FUND REPurchase AGREEMENTS (4) 9131 INVESTORS 9131000 OPERATIONS 9131010 MATURITY OF THIRD-PARTY REPurchase AGREEMENTS 9131020 MATURITY OF PORTFOLIO REPurchase AGREEMENTS 9131030 MATURITY OF BANK REPurchase AGREEMENTS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 9131040 MATURITY OF BROKERAGE HOUSE REPurchase AGREEMENTS 9131050 MATURITY OF INDIVIDUAL PORTFOLIO REPurchase AGREEMENT (1) 9131060 MATURITY OF INVESTMENT FUND REPurchase AGREEMENTS (4) 9132 FOREIGN INTERMEDIARIES 9132000 FOREIGN INTERMEDIARIES 914 CONTROL OF SECURITIES RECEIVED FOR CUSTODY 9140 SECURITIES CUSTODIANS 9140000 CENTRAL DEPOSITORY AND CUSTODY OF SECURITIES 9140010 STOCK EXCHANGE 9140020 CENTRAL RESERVE BANK 9140030 AGRICULTURAL BANK 9140040 HSBC SALVADORIAN BANK 9140050 MORTGAGE BANK OF EL SALVADOR 9140060 CITIBANK OF EL SALVADOR 9140070 CITIBANK, N.A. BRANCH EL SALVADOR 9140080 BANK FOR AGRICULTURAL DEVELOPMENT 9140090 G&T CONTINENTAL BANK EL SALVADOR 9140100 PROMERICA BANK 9140110 SCOTIABANK EL SALVADOR 9140120 BANK OF CENTRAL AMERICA 9140130 PROCREDIT BANK 9140140 AZTECA BANK EL SALVADOR 915 CREDITOR OPERATIONS WITH BANKS 9150 STOCK EXCHANGE 9150000 PRIMARY MARKET 9150010 SECONDARY MARKET 9150020 REPurchase AGREEMENTS 9151 BANKS 9151000 PRIMARY MARKET 9151010 SECONDARY MARKET 9151020 REPurchase AGREEMENTS 92 CREDITOR ACCOUNTS FOR OBLIGATIONS FOR SERVICES IN PORTFOLIO ADMINISTRATION 920 INVESTMENTS TO BE MADE FOR PORTFOLIO ADMIN 9200 PORTFOLIO X 9201 PORTFOLIO Y 921 OBLIGATIONS FOR PORTFOLIO ADMIN 9210 PORTFOLIO X

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 9211 PORTFOLIO Y 922 OBLIGATIONS WITH THIRD PARTIES. 9220 PORTFOLIO X 9220000 OBLIGATIONS WITH THIRD PARTIES 922000000 COMMISSIONS TO BE PAID 922000010 WITHHELD INCOME TAX TO BE PAID. 922000020 LOANS CHARGED TO CLIENTS TO BE PAID. 922000050 FOR PRESCRIBED CHECKS FROM CLIENTS 922000060 OTHER ACCOUNTS PAYABLE 9221 PORTFOLIO Y 9222 PORTFOLIO Z 923 EARNINGS IN FAVOR OF CLIENTS 9230 PORTFOLIO X 9230000 FOR PORTFOLIO MANAGEMENT 9231 PORTFOLIO Y 9232 PORTFOLIO Z 924 ACCOUNTS PAYABLE TO CLIENTS 9240 PORTFOLIO X 9241 PORTFOLIO Y 9242 PORTFOLIO Z 93 CREDITOR CONTROL ACCOUNTS FOR PORTFOLIO ADMINISTRATION. 930 OBLIGATIONS FOR SALE REPurchase AGREEMENT OF SECURITIES 9300 PORTFOLIO 9300000 OBLIGATIONS FOR REPURCHASE OF SECURITIES 9300010 EARNINGS TO BE PAID FOR SALE REPurchase AGREEMENT OF SECURITIES 931 OBLIGATION FOR RESALE OF SECURITIES, FROM PURCHASE REPurchase AGREEMENTS. 9310 PORTFOLIO 9310000 FIXED INCOME SECURITIES 9310010 VARIABLE INCOME SECURITIES 94 CREDITOR ACCOUNTS FOR OBLIGATIONS FOR SERVICES IN INDIVIDUAL PORTFOLIO ADMINISTRATION (1) 940 INVESTMENTS TO BE MADE FOR INDIVIDUAL PORTFOLIO ADMIN. (1) 9400 INVESTMENTS TO BE MADE FOR INDIVIDUAL PORTFOLIO ADMINISTRATION (1) 941 OBLIGATIONS FOR INDIVIDUAL PORTFOLIO ADMIN. (1) 9410 OBLIGATIONS FOR INDIVIDUAL PORTFOLIO ADMINISTRATION (1) 942 OBLIGATIONS WITH THIRD PARTIES. (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 9420 OBLIGATIONS FOR INDIVIDUAL PORTFOLIO ADMINISTRATION (1) 9420000 OBLIGATIONS WITH THIRD PARTIES (1) 942000000 COMMISSIONS TO BE PAID (1) 942000010 WITHHELD INCOME TAX TO BE PAID. (1) 942000020 LOANS CHARGED TO CLIENTS TO BE PAID. (1) 942000050 FOR PRESCRIBED CHECKS FROM CLIENTS (1) 942000060 OTHER ACCOUNTS PAYABLE (1) 943 EARNINGS IN FAVOR OF CLIENTS (1) 9430 EARNINGS IN FAVOR OF CLIENTS (1) 9430000 FOR PORTFOLIO MANAGEMENT (1) 944 ACCOUNTS PAYABLE TO CLIENTS (1) 9440 ACCOUNTS PAYABLE TO CLIENTS (1) 95 CREDITOR CONTROL ACCOUNTS FOR INDIVIDUAL PORTFOLIO ADMINISTRATION. (1) 950 OBLIGATIONS FOR SALE REPurchase AGREEMENT OF SECURITIES (1) 9500 OBLIGATIONS FOR SALE REPurchase AGREEMENT OF SECURITIES (1) 9500000 OBLIGATIONS FOR REPURCHASE OF SECURITIES (1) 9500010 EARNINGS TO BE PAID FOR SALE REPurchase AGREEMENT OF SECURITIES (1) 951 OBLIGATION FOR RESALE OF SECURITIES, FROM PURCHASE REPurchase AGREEMENTS. (1) 9510 OBLIGATION FOR RESALE OF SECURITIES, FROM PURCHASE REPURCHASE AGREEMENTS (1) 9510000 FIXED INCOME SECURITIES (1) 9510010 VARIABLE INCOME SECURITIES (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010
CHAPTER IV
ACCOUNT APPLICATION MANUAL
ACCOUNT APPLICATION MANUAL

TYPE CODE ACCOUNT NAME AND DESCRIPTION

ELEMENT 1 ASSET
DESCRIPTION Represents resources controlled by the company as a result of past events, and whose future economic benefits are expected to flow to the company. It includes cash in the till, deposits in banks, immediate collection effects, negotiable securities, accounts and documents to be collected, expenses paid in advance, Property plant and equipment and other assets; as well as, the provisions corresponding for uncollectibility, for the devaluation of investments, accumulated depreciation and accumulated amortizations for amortizable assets. HEADER 11 CURRENT ASSET

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 DESCRIPTION Represents resources controlled by the company as a result of past events, and whose future economic benefits are expected to flow to the company during a period of one year as a maximum. It includes cash in the till, deposits in banks, immediate collection effects, negotiable securities, accounts and documents to be collected, pre-paid expenses; as well as, the provisions corresponding for uncollectibility, for the devaluation of investments. ACCOUNT 110 CASH AND ITS EQUIVALENTS DESCRIPTION This account records the cash formed by the existence of bills and coins of local circulation and authorized foreign currency by the Central Bank, which the entity maintains in the cash register of its main office and the cash for minimum centralized expense disbursements such as petty cash. SUB-ACCOUNT 1100 PETTY CASH SUB-SUBACCOUNT 1100000 BILLS AND COINS IN LOCAL CURRENCY SUB-SUBACCOUNT 1100010 BILLS AND COINS IN FOREIGN CURRENCY SUB-ACCOUNT 1101 GENERAL TILL SUB-SUBACCOUNT 1101000 BILLS AND COINS IN LOCAL CURRENCY SUB-SUBACCOUNT 1101010 BILLS AND COINS IN FOREIGN CURRENCY

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 Periodic verifications of cash balances must be carried out through audits, the act of which must be recorded in the relevant minutes duly signed by the persons responsible for their custody and the audit. Any differences that may be established must be accounted for, according to what applies.

DEBITS For income in local circulation currency and/or foreign, checks or other equivalent currency effects. For internal transfers of cash. For cash overages. CREDITS For cash disbursements with national and/or foreign currency. For internal transfers of cash. For cash shortages. ACCOUNT 111 BANKS AND OTHER FINANCIAL INSTITUTIONS DESCRIPTION In this account, the amount of deposits in checking, savings and time accounts, in national and foreign currency that the entity maintains in the institutions banking, non-bank financial intermediaries is recorded. Includes overdrafts and advances on checking accounts granted by banks. SUB-ACCOUNT 1110 BANKS AND OTHER FINANCIAL INSTITUTIONS LOCAL SUB-SUBACCOUNT 1110000 DEPOSITS IN CHECKING ACCOUNT

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-SUBACCOUNT 1110010 DEPOSITS IN SAVINGS ACCOUNTS SUB-SUBACCOUNT 1110020 TIME DEPOSITS SUB-ACCOUNT 1111 FOREIGN BANKS AND FINANCIAL INSTITUTIONS SUB-SUBACCOUNT 1111000 DEPOSITS IN CHECKING ACCOUNT SUB-SUBACCOUNT 1111010 DEPOSITS IN SAVINGS ACCOUNTS SUB-SUBACCOUNT 1111020 TIME DEPOSITS In the secondary sub-accounts and analytical accounts respectively, the amount of deposits in checking, savings and time accounts, in currency of national circulation and foreign currency that the entity maintains in the institutions banking and non-banking will be registered by type of entity and Account No. Deposits in banks in the checking account modality, include when applicable, overdrafts and advances on checking accounts granted by banks. Detailing the No. of Bank Account that corresponds to the analytical account created. Bank overdrafts, when they occur, must be reclassified to the corresponding liability accounts.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 Bank account balances must be subject to reconciliation with their respective statements, differences, as well as pending items correspondence must be regularized within a period no longer than thirty (30) days for operations in the country and sixty (60) days for operations with the exterior.

DEBITS For deposits made in cash or its equivalent.
For fund transfers.
For credit notes received.
CREDITS For checks drawn.
For withdrawals made in cash or its equivalent.
For debit notes received.
For fund transfers.
ACCOUNT 112 RESTRICTED AVAILABLE
DESCRIPTION This account registers the deposits on which the company cannot exercise its immediate availability either by contractual effect, loans, administrative or judicial order, or another imperative provision of restriction. SUB-ACCOUNT 1120 DEPOSITS IN GUARANTEE

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 DESCRIPTION In this sub-account, funds intended to constitute guarantees are recorded, prior to agreement of the competent bodies of the entity, to comply with the requirements of its operational activities. SUB-SUBACCOUNT 1120000 DEPOSITS IN GUARANTEE IN LOCAL CURRENCY SUB-SUBACCOUNT 1120010 DEPOSITS IN GUARANTEE IN FOREIGN CURRENCY SUB-ACCOUNT 1121 OTHER RESTRICTED AVAILABILITY DESCRIPTION In this sub-account, deposits on which the entity cannot exercise its immediate availability due to judicial order or another imperative provision of restriction are recorded. SUB-SUBACCOUNT 1121000 OTHER RESTRICTED AVAILABILITY IN LOCAL CURRENCY SUB-SUBACCOUNT 1121010 OTHER RESTRICTED AVAILABILITY IN FOREIGN CURRENCY SUB-ACCOUNT 1122 FUNDS FOR OPENING BANK ACCOUNTS DESCRIPTION This account registers the minimum own funds deposited by the Brokerage House, to open savings and checking accounts to be used in stock operations, portfolio administration and individual portfolio administration. (1) SUB-SUBACCOUNT 1122000 BANK ACCOUNTS FOR STOCK OPERATIONS SUB-SUBACCOUNT 1122010 BANK ACCOUNTS FOR PORTFOLIO MANAGEMENT SUB-SUBACCOUNT 1122020 BANK ACCOUNTS FOR INDIVIDUAL PORTFOLIO ADMINISTRATION (1) DEBITS For the imposition of funds in guarantee. For restricted deposits.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Effective Date: 10/01/2010 By the own cash funds used for opening bank accounts for stock market operations of carry portfolio. By the own cash funds used for opening bank accounts for stock market operations of individual portfolio management. (1) CREDITS By the release of funds in guarantee. By the release of deposits subject to restriction. By the withdrawal of funds used for opening accounts to initiate stock market operations, portfolio management and individual portfolio management. (1)

ACCOUNT 113 FINANCIAL INVESTMENTS
DESCRIPTION Comprises investments in securities acquired by the entity with a negotiable nature, held until maturity, or available for sale, with the purpose of obtaining yields. These investments will be recorded by adding to the cost charges related to their acquisition. The fluctuation in value that occurs as a consequence of the corresponding daily valuation, a provision must be established against the gain or loss of the period. The yield generated by the investments in fixed income securities, as soon as they accrue, must be recorded

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Effective Date: 10/01/2010 in the account Yields to be collected.

SUB-ACCOUNT 1130 INVESTMENTS HELD FOR TRADING
DESCRIPTION This category includes those financial assets, measured at fair value with effect on results, which meet the following conditions: They are acquired with the objective of realizing them in the short term; they are part of a portfolio of financial investments identified and managed jointly for which there is evidence of recent actions to generate short-term gains.

Undesignated derivatives as cost-effective accounting instruments. The classification in this item is subject to the ease of obtaining prices for these assets within an active market or to the existence of valuation methodology developed by an authorized entity, which may be adequate to assign a fair value to such assets. The entity will not reclassify a financial instrument into this category while it is in its possession or continues issued nor will it remove any classified in this way to take it to another different category. SUB-SUBACCOUNT 1130000 PUBLIC BONDS SUB-SUBACCOUNT 1130010 BONDS OF PRIVATE FINANCIAL ENTITIES SUB-SUBACCOUNT 1130020 BONDS OF PRIVATE NON-FINANCIAL ENTITIES SUB-SUBACCOUNT 1130030 FOREIGN PUBLIC BONDS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-SUBACCOUNT 1130040 FOREIGN PRIVATE BONDS SUB-SUBACCOUNT 1130050 MARKETABLE PAPERS SUB-SUBACCOUNT 1130060 INVESTMENT CERTIFICATES OF FINANCIAL ENTITIES SUB-SUBACCOUNT 1130070 INVESTMENT CERTIFICATES OF NON-FINANCIAL ENTITIES SUB-SUBACCOUNT 1130080 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PUBLIC ENTITIES SUB-SUBACCOUNT 1130090 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE FINANCIAL ENTITIES SUB-SUBACCOUNT 1130100 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE NON-FINANCIAL ENTITIES SUB-SUBACCOUNT 1130110 SECURITIES IN GUARANTEE (REPOS FROM SALE) SUB-SUBACCOUNT 1130120 SHARES SUB-SUBACCOUNT 1130130 INVESTMENTS IN PORTFOLIO MANAGEMENT SUB-SUBACCOUNT 1130140 INVESTMENTS IN SECURITIZATION FUNDS SUB-SUBACCOUNT 1130150 ETF'S AND OTHER PARTICIPATIONS SUB-SUBACCOUNT 1130160 OTHER INVESTMENTS IN VARIABLE INCOME SECURITIES SUB-SUBACCOUNT 1130170 INVESTMENTS IN INVESTMENT FUNDS SUB-SUBACCOUNT 1130180 DERIVATIVES SUB-SUBACCOUNT 1130190 PURCHASE REPOS CHARGES By subscription or purchase, usually on credit, to Cash and cash equivalents accounts.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Effective Date: 10/01/2010 By upward fluctuations in fair value compared to subscription or purchase cost, crediting the results account within the income accounts for the difference between fair value and said cost in account 5124010 Changes in fair value of assets and amounts, once results are regularized at the end of the period, will form part of the Restricted Equity account 3500020 Investments held for trading. By the amount of accrued but uncollected interest at the close of the different economic periods crediting the Interest and dividends portfolio financial investments account.

CREDITS By downward fluctuations in fair value compared to subscription or purchase cost, debiting the results account within the expense accounts for the difference between fair value and said cost in the FOR UNCOLLECTABILITY AND DEPRECIATION OF .

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Effective Date: 10/01/2010 By sales, early amortizations or removal from the securities portfolio, with debit to Cash and cash equivalents accounts and, in case of gains, crediting account 5124020 in case of losses debiting 4270000 Assets and liabilities financial between the selling price and by which it was accounted for at that moment. In the case of investments in foreign currency this account will be debited or credited by the exchange rate between the previous value and the current exchange rate charged or credited to the results expense accounts

SUB-ACCOUNT 1131 INVESTMENTS HELD UNTIL MATURITY DESCRIPTION This category may include non-derivative financial assets with fixed maturity and determinable or determinable cash flows that the entity has, from the beginning and at any subsequent date, both the positive intention and the demonstrated financial capacity to hold them until maturity. Such intention and capacity must be consistent with its risk policies and classification of financial assets.

Assets classified in this category will be recorded at amortized cost. Amortized cost is measured by the present value of estimated future cash flows discounted at the original effective interest rate of the financial asset(s). SUB-SUBACCOUNT 1131000 PUBLIC BONDS SUB-SUBACCOUNT 1131010 BONDS OF PRIVATE FINANCIAL ENTITIES SUB-SUBACCOUNT 1131020 BONDS OF PRIVATE NON-FINANCIAL ENTITIES SUB-SUBACCOUNT 1131030 FOREIGN PUBLIC BONDS SUB-SUBACCOUNT 1131040 FOREIGN PRIVATE BONDS SUB-SUBACCOUNT 1131050 MARKETABLE PAPERS SUB-SUBACCOUNT 1131060 INVESTMENT CERTIFICATES OF FINANCIAL ENTITIES SUB-SUBACCOUNT 1131070 INVESTMENT CERTIFICATES OF NON-FINANCIAL ENTITIES SUB-SUBACCOUNT 1131080 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PUBLIC ENTITIES SUB-SUBACCOUNT 1131090 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE FINANCIAL ENTITIES SUB-SUBACCOUNT 1131100 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE NON-FINANCIAL ENTITIES SUB-SUBACCOUNT 1131110 INVESTMENTS IN SECURITIZATION FUNDS SUB-SUBACCOUNT 1131120 ETF'S AND OTHER PARTICIPATIONS SUB-SUBACCOUNT 1131130 OTHER INVESTMENTS IN VARIABLE INCOME SECURITIES SUB-SUBACCOUNT 1131140 INVESTMENTS IN INVESTMENT FUNDS SUB-SUBACCOUNT 1131150 DERIVATIVES

CHARGES By subscription or purchase cost with credit normally to Cash and its equivalents accounts.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Effective Date: 10/01/2010 By positive adjustments to amortized cost in case that the acquisition cost is lower than the face value of the asset or interests are paid at maturity with credit to account 5212000 Income Interest and dividends from the financial investment portfolio. By accrued interest with credit to account 5212000 Income Interest and dividends from the financial investment portfolio.

CREDITS By negative adjustments to amortized cost in case that the acquisition cost is higher than the face value debiting the Income Interest and dividends portfolio financial investments account, once accrued interest has been credited.

SUB-ACCOUNT 1132 INVESTMENTS AVAILABLE FOR SALE DESCRIPTION This category will include non-derivative financial assets that are specifically designated as available for sale, or that are not classified as a) tradable b) loans and receivables, c) investments held until maturity or c) financial assets accounted for at fair value with changes in results. Ultimately, it is the default category for investments. SUB-SUBACCOUNT 1132000 PUBLIC BONDS SUB-SUBACCOUNT 1132010 BONDS OF PRIVATE FINANCIAL ENTITIES SUB-SUBACCOUNT 1132020 BONDS OF PRIVATE NON-FINANCIAL ENTITIES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-SUBACCOUNT 1132030 FOREIGN PUBLIC BONDS SUB-SUBACCOUNT 1132040 FOREIGN PRIVATE BONDS SUB-SUBACCOUNT 1132050 MARKETABLE PAPERS SUB-SUBACCOUNT 1132060 INVESTMENT CERTIFICATES OF FINANCIAL ENTITIES SUB-SUBACCOUNT 1132070 INVESTMENT CERTIFICATES OF NON-FINANCIAL ENTITIES SUB-SUBACCOUNT 1132080 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PUBLIC ENTITIES SUB-SUBACCOUNT 1132090 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE FINANCIAL ENTITIES SUB-SUBACCOUNT 1132100 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE NON-FINANCIAL ENTITIES SUB-SUBACCOUNT 1132110 SHARES SUB-SUBACCOUNT 1132120 INVESTMENTS IN PORTFOLIO MANAGEMENT SUB-SUBACCOUNT 1132130 INVESTMENTS IN SECURITIZATION FUNDS SUB-SUBACCOUNT 1132140 ETF'S AND OTHER PARTICIPATIONS SUB-SUBACCOUNT 1132150 OTHER INVESTMENTS IN VARIABLE INCOME SECURITIES SUB-SUBACCOUNT 1132160 INVESTMENTS IN INVESTMENT FUNDS SUB-SUBACCOUNT 1132170 DERIVATIVES 1132180 SUBSCRIPTIONS OF SECURITIES IN PRIMARY MARKET CHARGES With Investments made in bank deposits or securities and repo operations.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Effective Date: 10/01/2010 CREDITS By sales, early amortizations or removal from the securities portfolio, by the balance at that moment with debit to Cash and its equivalents accounts by the selling price and, by the difference between this price and the initial value, in case of gains, crediting the account for sale of financial investments and, in case of loss, debiting the expense account 4270020 Financial assets available for sale of Restricted Equity 3321 Financial assets available for sale, by the balance it showed. SUB-ACCOUNT 1133 RESTRICTED INVESTMENTS DESCRIPTION Represents the value of titles pledged as guarantee. SUB-SUBACCOUNT 1133000 INVESTMENTS IN GUARANTEE

CHARGES By the nominal value of the titles transferred to constitute guarantees. CREDITS By the withdrawal of the securities used to constitute guarantees. SUB-ACCOUNT 1134 (ESTIMATE FOR VALUATION OF FINANCIAL INVESTMENTS) SUB-SUBACCOUNT 1134000 INVESTMENTS HELD FOR TRADING SUB-SUBACCOUNT 1134010 INVESTMENTS AVAILABLE FOR SALE SUB-SUBACCOUNT 1134020 RESTRICTED INVESTMENTS CHARGES By upward fluctuations in fair value compared toc cost, crediting the results account and/or Net Equity.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Effective Date: 10/01/2010 CREDITS By downward fluctuations in fair value compared toc cost, debiting the results account and/or Net Equity. ACCOUNT 114 ACCOUNTS AND DOCUMENTS TO BE COLLECTED DESCRIPTION Comprises various rights that are directly related to the activity of the firms. Includes accounts and documents to be collected from issuers, investors, Stock Exchanges, Brokerage Firms, and portfolio management (For Brokerage Firms, that are authorized in that area) for own operations and for stock market services provided to third parties. Includes the corresponding accounts to record items that result from doubtful collectability. As well as rights related to the marketing of participation quotas of Open Investment Funds, both local and foreign, when authorized to exercise such activity. (3)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Effective Date: 10/01/2010 Accounts and documents to be collected must be evaluated at least monthly, in order to establish their recoverability, according to the entity's policies. Accounts qualified or classified as uncollectable by the administration and/or those that after their maturity, thirty (30) days have passed and have not been collected, must be subject to accounting reclassifying them as accounts of doubtful collection, in the corresponding analytical accounts that include the accounts of this item, for which the corresponding provisions must be established. For adequate presentation in the general balance sheet, the balance of this item will be shown net of account 1147 ESTIMATE FOR UNCOLLECTABLE ACCOUNTS. SUB-ACCOUNT 1140 ISSUERS DESCRIPTION Represents accounts receivable from issuing entities for loans, service commissions and other concepts. If an issuer acts as a client of the firm the accounts receivable will be handled in this sub-account. The analytical accounts for each issuer will be opened starting from the secondary sub-account and in the order provided by the table of issuers provided by the Superintendency. SUB-SUBACCOUNT 1140000 LOANS SUB-SUBACCOUNT 1140010 SERVICE COMMISSIONS SUB-SUBACCOUNT 1140020 OTHERS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-ACCOUNT 1141 BROKERAGE FIRMS DESCRIPTION Represents accounts receivable from Brokerage Firms for loans, service commissions and other concepts. The analytical accounts for each issuer will be opened starting from the secondary sub-account and in the order provided by the table of Firms provided by the Superintendency. SUB-SUBACCOUNT 1141000 LOANS SUB-SUBACCOUNT 1141010 SERVICE COMMISSIONS SUB-SUBACCOUNT 1141020 OTHERS SUB-ACCOUNT 1142 INVESTORS DESCRIPTION Represents accounts receivable from Investors for loans, service commissions and other concepts. Investors who are also Issuers of securities will be registered in account 1140 Issuers. SUB-SUBACCOUNT 1142000 LOANS SUB-SUBACCOUNT 1142010 SERVICE COMMISSIONS SUB-SUBACCOUNT 1142020 OTHERS SUB-ACCOUNT 1143 PORTFOLIO MANAGEMENT DESCRIPTION This sub-account represents pending values to be collected for loans, service commissions, taxes and others. Does not imply authorization for free lending to portfolio management. SUB-SUBACCOUNT 1143000 LOANS SUB-SUBACCOUNT 1143010 SERVICE COMMISSIONS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-SUBACCOUNT 1143020 TAXES SUB-SUBACCOUNT 1143030 OTHERS SUB-ACCOUNT 1144 STOCK EXCHANGE DESCRIPTION Represents accounts receivable from the Stock Exchange for loans, service commissions and others. SUB-SUBACCOUNT 1144000 LOANS SUB-SUBACCOUNT 1144010 SERVICE COMMISSIONS SUB-SUBACCOUNT 1144020 OTHERS SUB-ACCOUNT 1145 DEPOSIT AND CUSTODY OF SECURITIES DESCRIPTION Represents accounts receivable from the Central Deposit and Custody of Securities for loans, service commissions and others. SUB-SUBACCOUNT 1145000 LOANS SUB-SUBACCOUNT 1145010 SERVICE COMMISSIONS SUB-SUBACCOUNT 1145020 OTHERS SUB-ACCOUNT 1146 OTHER ACCOUNTS TO BE COLLECTED DESCRIPTION Represents accounts receivable from entities that do not correspond to any of the previous concepts for interest paid in advance, advances to suppliers, indemnities for accidents, cash shortages and other accounts to be collected, but which are also not from related companies and/or officials. SUB-SUBACCOUNT 1146000 INTEREST PAID IN ADVANCE. DESCRIPTION Represents the value paid in advance, at the time of acquiring a fixed income security, interest that will be claimed on the date stipulated in the security title.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-SUBACCOUNT 1146010 ADVANCES TO SUPPLIERS SUB-SUBACCOUNT 1146020 CLAIMED INDEMNITIES FOR ACCIDENTS DESCRIPTION In this sub-account the amounts pending to be collected from insurance companies for accidents occurred in insured assets will be recorded. SUB-SUBACCOUNT 1146030 CASH SHORTAGES DESCRIPTION This account will record the value of cash shortages detected in audits and whose responsibility has not been attributed to the employee. SUB-SUBACCOUNT 1146040 OTHER ACCOUNTS TO BE COLLECTED DESCRIPTION Records those accounts receivable that do not correspond to any of the previous sub-accounts. SUB-ACCOUNT 1147 (ESTIMATE FOR UNCOLLECTABLE ACCOUNTS) DESCRIPTION This account records the estimate for accounts and documents to be collected of doubtful collection. Balances that in the previous year show no movement and there is no evidence of the possibility of collection must be recognized as losses in the period in which such event is determined. SUB-SUBACCOUNT 1147000 ISSUERS SUB-SUBACCOUNT 1147010 BROKERAGE FIRMS SUB-SUBACCOUNT 1147020 INVESTORS SUB-SUBACCOUNT 1147030 PORTFOLIO MANAGEMENT SUB-SUBACCOUNT 1147040 STOCK EXCHANGE SUB-SUBACCOUNT 1147050 DEPOSIT AND CUSTODY OF SECURITIES SUB-SUBACCOUNT 1147060 OTHER ACCOUNTS TO BE COLLECTED

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-SUBACCOUNT 1147070 INDIVIDUAL PORTFOLIO MANAGEMENT (1) SUB-SUBACCOUNT 1147080 MARKETING OF PARTICIPATION QUOTAS OF LOCAL OPEN INVESTMENT FUNDS (3) SUB-SUBACCOUNT 1147090 MARKETING OF PARTICIPATION QUOTAS OF FOREIGN OPEN INVESTMENT FUNDS (3) SUB-ACCOUNT 1148 INDIVIDUAL PORTFOLIO MANAGEMENT (1)

DESCRIPTION This sub-account represents pending values to be collected for loans, service commissions, taxes and others. (1) Does not imply authorization for free lending to individual portfolio management. (1) SUB-SUBACCOUNT 1148000 LOANS (1) SUB-SUBACCOUNT 1148010 SERVICE COMMISSIONS (1) SUB-SUBACCOUNT 1148020 TAXES (1) SUB-SUBACCOUNT 1148030 OTHERS (1)

CHARGES By rights generated by own operations.
By loans granted in favor of third parties.
By payments made in excess and/or on behalf of third parties.
By partial or total collection of accounts for which provisions for uncollectability risk have been established. By write-off of accounts classified as uncollectable and by reversal of provisions that result excessive or improper.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Effective Date: 10/01/2010 CREDITS By collection of rights. By collection of loans granted. By collection or refund of payments made in excess and/or on behalf of third parties. By write-off of accounts classified as uncollectable. By establishment of provisions for accounts classified as doubtful collectability. SUB-ACCOUNT 1149 MARKETING OF PARTICIPATION QUOTAS OF OPEN INVESTMENT FUNDS (3) DESCRIPTION Represents sub-accounts receivable from the Investment Fund Manager for the concept of service commissions for marketing of participation quotas of Open Investment Funds both Local and Foreign and others. (3) SUB-SUBACCOUNT 1149000 COMMISSIONS FOR MARKETING OF PARTICIPATION QUOTAS OF LOCAL OPEN INVESTMENT FUNDS (3) SUB-SUBACCOUNT 1149010 COMMISSIONS FOR MARKETING OF PARTICIPATION QUOTAS OF FOREIGN OPEN INVESTMENT FUNDS (3) SUB-SUBACCOUNT 1149020 OTHERS (3) CHARGES By rights generated by the marketing of participation quotas of open investment funds, both local and foreign. (3) CREDITS By collection of rights. (3) ACCOUNT 115 ACCOUNTS AND DOCUMENTS TO BE COLLECTED RELATED. DESCRIPTION In this account the entity's rights are recorded, which the entity will collect shortly from companies, employees, shareholders and others with whom it is related.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-ACCOUNT 1150 ACCOUNTS AND DOCUMENTS TO BE COLLECTED FROM EMPLOYEES SUB-SUBACCOUNT 1150000 SALARY ADVANCES SUB-SUBACCOUNT 1150010 SHORT-TERM LOANS SUB-SUBACCOUNT 1150020 OTHERS SUB-ACCOUNT 1151 ACCOUNTS AND DOCUMENTS TO BE COLLECTED FROM DIRECTORS AND SHAREHOLDERS SUB-SUBACCOUNT 1151000 LOANS TO DIRECTORS SUB-SUBACCOUNT 1151010 LOANS TO SHAREHOLDERS SUB-SUBACCOUNT 1151020 OTHERS SUB-ACCOUNT 1152 ACCOUNTS AND DOCUMENTS TO BE COLLECTED FROM RELATED COMPANIES SUB-SUBACCOUNT 1152000 LOANS SUB-SUBACCOUNT 1152010 SERVICE COMMISSIONS SUB-SUBACCOUNT 1152020 OTHERS CHARGES By rights of the entity with related parties. By transfer of accounts and documents to be collected related considered doubtful collectability.

CREDITS By credits or payments received by the entity from related parties. By write-off of ACCOUNTS AND DOCUMENTS TO BE COLLECTED RELATED. By partial or total collection of doubtful collectability accounts. By write-off of accounts classified as uncollectable.

SUB-ACCOUNT 1153 ESTIMATE FOR UNCOLLECTABLE ACCOUNTS

MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES

Approval: 06/16/2010
Effective Date: 10/01/2010

SUB-SUBACCOUNT 1153000 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM EMPLOYEES

SUB-SUBACCOUNT 1153010 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM DIRECTORS AND SHAREHOLDERS

SUB-SUBACCOUNT 1153020 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM RELATED COMPANIES

CHARGES For the write-off of accounts classified as uncollectible, for the reversal of provisions that result in being excessive or improper. CREDITS For the establishment of provisions for accounts classified as doubtful collectability.

ACCOUNT 116 EARNINGS RECEIVABLE

DESCRIPTION This account records earnings accrued by reason of interest receivable on deposited, invested, or loaned capital, and rights generated by participation in profits corresponding to investments in other companies.

In the corresponding sub-accounts and analytical accounts, earnings receivable accrued, available, FINANCIAL INVESTMENTS, accounts and documents receivable will be recorded according to their respective modality.

Earnings from accounts from the date they are considered doubtful collectability must reverse the income recognition entry, at the time uncollectibility is established.

SUB-ACCOUNT 1160 LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS

SUB-SUBACCOUNT 1160000 EARNINGS RECEIVABLE IN LOCAL CURRENCY (M.L.)

MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES

Approval: 06/16/2010
Effective Date: 10/01/2010

SUB-SUBACCOUNT 1160010 EARNINGS RECEIVABLE IN FOREIGN CURRENCY (M.E.)

SUB-ACCOUNT 1161 EARNINGS RECEIVABLE FROM FINANCIAL INVESTMENTS

SUB-SUBACCOUNT 1161000 INVESTMENT IN FIXED INCOME SECURITIES

SUB-SUBACCOUNT 1161010 INVESTMENTS IN VARIABLE INCOME SECURITIES

SUB-SUBACCOUNT 1161020 INVESTMENTS IN MUTUAL FUNDS

SUB-SUBACCOUNT 1161030 REPurchase AGREEMENTS (REPORTOS)

SUB-SUBACCOUNT 1161040 DERIVATIVES

SUB-SUBACCOUNT 1161050 SUBSCRIPTIONS OF SECURITIES IN PRIMARY MARKET

CHARGES For accrued but unpaid interest and commissions.
For declared but unpaid dividends.
CREDITS For the collection of interest and commissions, dividends, and others.

ACCOUNT 117 TAXES

DESCRIPTION This account records advance payments of income tax made by the entity, which will be applied at the close of the accounting period or fiscal year. It also includes the tax credit for Value Added Tax (VAT), which must be netted monthly with the Fiscal Debit account.

SUB-ACCOUNT 1170 VAT, FISCAL CREDIT

SUB-SUBACCOUNT 1170000 VAT, FISCAL CREDIT

SUB-SUBACCOUNT 1170010 ADVANCE PAYMENT OF VAT WITHHELD

MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES

Approval: 06/16/2010
Effective Date: 10/01/2010

DESCRIPTION This account records the amount of deposits in checking, savings, and time accounts, in national and foreign currency, that the entity maintains in banking institutions, non-bank financial intermediaries. It includes overdrafts and current account advances granted by banks.

SUB-SUBACCOUNT 1170020 VAT TAX COLLECTED

DESCRIPTION Represents the percentage collected by third parties from the Brokerage House, by way of VAT tax calculated on the net value of purchases made from said subjects, and constitutes an advance of future fiscal debits, which is settled at the time of presenting the corresponding monthly declaration.

SUB-SUBACCOUNT 1170030 OTHER WITHHOLDINGS

DESCRIPTION Its balance represents withholdings made by third parties from the Brokerage House, by way of VAT tax, under any modality different from the previous classifications.

SUB-ACCOUNT 1171 INCOME TAXES

SUB-SUBACCOUNT 1171000 ADVANCE PAYMENT OF INCOME TAX

DESCRIPTION Records expenditures made by the brokerage house for advance payments of taxes on income, in fiscal periods not yet ended.

SUB-SUBACCOUNT 1171010 FISCAL CREDIT OF INCOME TAX

MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES

Approval: 06/16/2010
Effective Date: 10/01/2010

DESCRIPTION Its balance represents fiscal credit for income tax generated, when the advance payment during a certain year is greater than the final tax assessed by the General Directorate of Taxes.

SUB-SUBACCOUNT 1171020 INCOME TAX WITHHELD

DESCRIPTION For amounts withheld by third parties by way of advance payment of VAT tax, tax collected, and other withholdings different from the previous ones effected on the Brokerage House. Represents tax withheld by third parties from the brokerage house, which will be settled at the time of presenting the final income tax declaration.

CHARGES For the accounting of payments made in advance of income tax. For amounts of VAT fiscal credits. For amounts of VAT withheld by VAT withholding agents. CREDITS For the settlement of income tax paid in advance at the close of the economic year. For the monthly payment, settled against the VAT fiscal debit generated in the corresponding period or the generation of the remainder of the next period.

ACCOUNT 118 EXPENSES PAID IN ADVANCE

MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES

Approval: 06/16/2010
Effective Date: 10/01/2010

DESCRIPTION Comprises various expenses paid in advance for the obtaining of goods or services, which will be used or compensated on a date subsequent to the close of the year and which are directly related to the activity of Brokerage Houses. Includes rentals and insurance paid in advance, bond premiums, office supplies and stationery, subscriptions paid in advance, advertising and marketing, and taxes paid in advance. Whose maturity period is greater than two months.

SUB-ACCOUNT 1180 EXPENSES PAID IN ADVANCE FOR SERVICES

SUB-SUBACCOUNT 1180000 RENTALS PAID IN ADVANCE

SUB-SUBACCOUNT 1180010 INSURANCES PAID IN ADVANCE

SUB-SUBACCOUNT 1180020 BOND PREMIUMS

SUB-SUBACCOUNT 1180030 SUBSCRIPTIONS PAID IN ADVANCE

SUB-SUBACCOUNT 1180040 ADVERTISING AND MARKETING

SUB-SUBACCOUNT 1180050 COMMUNICATIONS.

SUB-SUBACCOUNT 1180060 COST OF AUDIT.

SUB-SUBACCOUNT 1180070 MEMBERSHIP FEES

SUB-SUBACCOUNT 1180080 OTHER EXPENSES FOR SERVICES PAID IN ADVANCE

SUB-ACCOUNT 1181 DEFERRED INCOME TAX

SUB-SUBACCOUNT 1181000 PROVISION FOR VALUATION

SUB-SUBACCOUNT 1181010 OTHER PROVISIONS

SUB-ACCOUNT 1182 EXPENSES PAID IN ADVANCE ON MATERIALS

SUB-SUBACCOUNT 1182000 OFFICE SUPPLIES AND STATIONERY

MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES

Approval: 06/16/2010
Effective Date: 10/01/2010

CHARGES For disbursements made for services still received and not consumed, attributable to future years. CREDITS For services received and consumed, attributable to future years.

ITEM 12 NON-CURRENT ASSET

DESCRIPTION Comprises tangible properties that the company uses for the development of its activities. They present characteristics of a relatively long useful life, are not the object of habitual transfer operations, and are subject to revaluations, depreciations, and impairments. It also includes acquisitions, not for sale, of investments in securities or physical goods, for which the valuation criteria of Financial Investments apply. Non-current assets include rights that do not constitute assets in the full sense of the word, such as intangible assets.

Under no circumstances shall repairs, refurbishments, and other maintenance expenses that do not substantially modify the form and conditions of use of the goods be activated.

Goods with a useful life of less than one year are excluded, which due to their slight significance, it is preferred to charge directly to results and whose inventory can be registered in off-balance sheet accounts.

For adequate presentation in the Balance Sheet, the balance of this item must be shown net of the accumulated depreciation of the accounts that make it up.

Goods received in financial lease are recorded in this account, keeping control of the relevant depreciation, amortization of the debt, and financial charges and other expenses related to the contract in the pertinent accounts.

ACCOUNT 120 IMMOVABLES

DESCRIPTION This account records the value of the land of the different immovables of the entity that are destined for the development of its activities.

SUB-ACCOUNT 120 LAND

SUB-SUBACCOUNT 1200000 LAND

SUB-SUBACCOUNT 1200010 REVALUATION OF LAND

SUB-SUBACCOUNT 1200020 ACCUMULATED IMPAIRMENT OF LAND

SUB-ACCOUNT 121 BUILDINGS

SUB-SUBACCOUNT 1201000 BUILDINGS

SUB-SUBACCOUNT 1201010 REVALUATION OF BUILDINGS

SUB-SUBACCOUNT 1201020 ACCUMULATED DEPRECIATION OF BUILDINGS

SUB-SUBACCOUNT 1201030 ACCUMULATED IMPAIRMENT OF BUILDINGS

SUB-ACCOUNT 122 INSTALLATIONS

SUB-SUBACCOUNT 1202000 INSTALLATIONS

SUB-SUBACCOUNT 1202010 REVALUATION OF INSTALLATIONS

SUB-SUBACCOUNT 1202020 ACCUMULATED DEPRECIATION OF INSTALLATIONS

MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES

Approval: 06/16/2010
Effective Date: 10/01/2010

SUB-SUBACCOUNT 1202030 ACCUMULATED IMPAIRMENT OF INSTALLATIONS

CHARGES For the acquisition cost or fair value of real estate and installation goods. For revalued values, according to expert report and prior approval of the supervisory body. CREDITS For the sale of real estate and installation goods. For the realization of revaluations. For the loss of Impairment of value produced by the amount that exceeds its book value by its recoverable amount. For the accumulated depreciation of buildings, installations, and other types of immovables.

ACCOUNT 121 MOVABLES

SUB-ACCOUNT 1210 VEHICLES

DESCRIPTION This account records vehicles owned by the entity, for the development of its activities, net of accumulated depreciation and impairment.

SUB-SUBACCOUNT 1210000 VEHICLES.

SUB-SUBACCOUNT 1210010 REVALUATION OF VEHICLES

SUB-SUBACCOUNT 1210020 ACCUMULATED DEPRECIATION OF VEHICLES

SUB-SUBACCOUNT 1210030 ACCUMULATED IMPAIRMENT OF VEHICLES

SUB-ACCOUNT 1211 FURNITURE AND EQUIPMENT

DESCRIPTION This account records furniture and equipment, to be used in the operations carried out by the entity; net of accumulated depreciation and impairment for furniture and equipment.

SUB-SUBACCOUNT 1211000 OFFICE FURNITURE

MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES

Approval: 06/16/2010
Effective Date: 10/01/2010

SUB-SUBACCOUNT 1211010 COMPUTING EQUIPMENT

SUB-SUBACCOUNT 1211020 OTHER OFFICE EQUIPMENT

SUB-SUBACCOUNT 1211030 COMMUNICATION EQUIPMENT

SUB-SUBACCOUNT 1211040 SECURITY EQUIPMENT

SUB-SUBACCOUNT 1211050 OTHER EQUIPMENT

SUB-SUBACCOUNT 1211060 ACCUMULATED DEPRECIATION OF FURNITURE AND EQUIPMENT

SUB-SUBACCOUNT 1211070 ACCUMULATED IMPAIRMENT OF FURNITURE AND EQUIPMENT

SUB-ACCOUNT 1212 GOODS TAKEN UNDER FINANCIAL LEASE

DESCRIPTION This account records goods received in the capacity of financial lease, to be used by the entity in the development of its activities, net of accumulated depreciation and impairment for goods taken under financial lease.

SUB-SUBACCOUNT 1212000 IMMOVABLES TAKEN UNDER FINANCIAL LEASE

SUB-SUBACCOUNT 1212010 OFFICE FURNITURE AND EQUIPMENT TAKEN UNDER FINANCIAL LEASE

SUB-SUBACCOUNT 1212020 TRANSPORT EQUIPMENT TAKEN UNDER FINANCIAL LEASE

SUB-SUBACCOUNT 1212030 OTHER GOODS TAKEN UNDER FINANCIAL LEASE

SUB-SUBACCOUNT 1212040 ACCUMULATED DEPRECIATION OF GOODS TAKEN UNDER FINANCIAL LEASE

SUB-SUBACCOUNT 1212050 ACCUMULATED IMPAIRMENT OF GOODS TAKEN UNDER FINANCIAL LEASE

SUB-ACCOUNT 1213 OTHER GOODS OF DIVERSE USE

MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES

Approval: 06/16/2010
Effective Date: 10/01/2010

DESCRIPTION This account records the value of works of art, the library, and other goods of the company, net of accumulated depreciation for other goods of diverse use.

SUB-SUBACCOUNT 1213000 WORKS OF ART

SUB-SUBACCOUNT 1213010 LIBRARY

SUB-SUBACCOUNT 1213020 OTHER GOODS

SUB-SUBACCOUNT 1213030 ACCUMULATED DEPRECIATION OF OTHER GOODS OF DIVERSE USE

SUB-SUBACCOUNT 1213040 ACCUMULATED IMPAIRMENT OF OTHER GOODS OF DIVERSE USE

SUB-ACCOUNT 1214 INVESTMENT PROPERTIES

DESCRIPTION In the accounts of this item, properties (land or buildings, or part of a building, or both) maintained (by the owner or by the lessee in a financial lease) must be recorded, with the aim of obtaining rents or capital gains or both and not for their use in the production or supply of goods and services, for administrative purposes, nor for their sale in the ordinary course of operations; Said investment properties will be measured initially at cost, transaction costs associated with the transaction will be included in the initial valuation, after initial recognition it will value the assets by the cost model, that is, valuation at cost minus accumulated depreciation and any accumulated impairment loss.

SUB-SUBACCOUNT 1214000 LAND

SUB-SUBACCOUNT 1214010 BUILDINGS

MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES

Approval: 06/16/2010
Effective Date: 10/01/2010

SUB-SUBACCOUNT 1214020 ACCUMULATED DEPRECIATION OF INVESTMENT PROPERTIES

SUB-SUBACCOUNT 1214030 ACCUMULATED IMPAIRMENT OF INVESTMENT PROPERTIES

For the acquisition cost of real estate goods.
CHARGES For the accounting cost of goods taken under financial lease. For revalued values, according to expert report and prior approval of the Superintendent of the Financial System. (1) The sub-account corresponding to depreciation is charged at the time of alienating the asset that originated the depreciation. For the reversal of accumulated depreciation due to the withdrawal of the good taken under financial lease. For the transfer to the corresponding account of the accumulated depreciation at the end of the financial lease contract. At the time of purchase, at its acquisition value, with credit to Cash and cash equivalents accounts or accounts payable. In the case of reversal of impairment, with credit to the Income account Reversals of asset impairment. Depreciation will be debited in case of intention to sell by reclassifying the asset to which it affects crediting the account in the corresponding heading. CREDITS For the sale of real estate goods.

MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES

Approval: 06/16/2010
Effective Date: 10/01/2010

For the transfer of the amount accounted for goods taken under financial lease upon conclusion of the contract. For the realization of revaluations. The sub-account corresponding to depreciation is charged by the annual depreciation of the good, except for land, depreciation can be recognized by obsolescence, use, physical wear and tear, or simply by the passage of time. Works of art are not depreciated. In the case of destruction or loss of value due to impairment, with debit to expense account 4133 Losses due to Asset Impairment, as applicable. It will be credited by monthly recognition, with debit to the corresponding account of depreciation expense accounts. For the loss of Impairment of value produced by the amount that exceeds its book value by its recoverable amount.

ACCOUNT 122 IMPROVEMENTS IN PROPERTY PLANT AND EQUIPMENT

DESCRIPTION This account records the value of improvements in the entity's properties, which are destined for the development of the company's activities. Improvements will be recorded as those expenditures that significantly prolong the life of the activated good and represent material balances.

SUB-ACCOUNT 1220 IMPROVEMENTS

MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES

Approval: 06/16/2010
Effective Date: 10/01/2010

SUB-SUBACCOUNT 1220000 ON LAND

SUB-SUBACCOUNT 1220010 ON BUILDINGS

SUB-SUBACCOUNT 1220020 ON INSTALLATIONS

SUB-SUBACCOUNT 1220030 ON VEHICLES

SUB-SUBACCOUNT 1220040 IMPROVEMENTS IN OTHER ASSETS

SUB-SUBACCOUNT 1220050 ACCUMULATED DEPRECIATION OF IMPROVEMENTS

CHARGES For improvements and capitalizable expenses that represent a higher value of the asset. For the revaluation of goods. For the reduction of accumulated depreciation accounted for when it is taken out of use, a write-off or sale occurs. CREDITS For the cost of withdrawn or transferred goods. For the accounting of accumulated depreciation.

ACCOUNT 123 LONG-TERM FINANCIAL INVESTMENTS

DESCRIPTION Comprises investments in securities acquired by the entity for a period greater than one year, negotiable in nature, held to maturity, or available for sale, with the purpose of obtaining returns. These investments will be recorded adding to the cost charges related to their acquisition. The value fluctuation that occurred as a consequence of the corresponding daily valuation, a provision must be constituted against the gain or loss of the year.

The return that investments in fixed income securities generate, as soon as they accrue, must be recorded in the Earnings Receivable account.

SUB-ACCOUNT 1230 INVESTMENTS HELD FOR TRADING

DESCRIPTION This category includes those financial assets, measured at fair value with effect on results, that meet the following conditions: They are acquired with the objective of realizing them in the short term; they are part of a portfolio of financial investments identified and managed jointly for which there is evidence of recent actions to generate short-term gains. Derivatives not designated as accounting hedging instruments. The classification in this item is subject to the ease of obtaining prices for these assets within an active market or to the existence of a valuation methodology developed by an authorized body, which may be adequate to assign a fair value to such assets. The entity will not reclassify a financial instrument towards this category while it is in its possession or continues to be issued nor will it remove any of those classified in this way to take it to another distinct category.

SUB-SUBACCOUNT 1230000 PUBLIC BONDS

SUB-SUBACCOUNT 1230010 BONDS OF PRIVATE FINANCIAL ENTITIES

SUB-SUBACCOUNT 1230020 BONDS OF PRIVATE NON-FINANCIAL ENTITIES

MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES

Approval: 06/16/2010
Effective Date: 10/01/2010

SUB-SUBACCOUNT 1230030 FOREIGN PUBLIC BONDS

SUB-SUBACCOUNT 1230040 FOREIGN PRIVATE BONDS

SUB-SUBACCOUNT 1230050 STOCK EXCHANGE PAPER

SUB-SUBACCOUNT 1230060 INVESTMENT CERTIFICATES OF FINANCIAL ENTITIES

SUB-SUBACCOUNT 1230070 INVESTMENT CERTIFICATES OF NON-FINANCIAL ENTITIES

SUB-SUBACCOUNT 1230080 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PUBLIC ENTITIES

SUB-SUBACCOUNT 1230090 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE FINANCIAL ENTITIES

SUB-SUBACCOUNT 1230100 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE NON-FINANCIAL ENTITIES

SUB-SUBACCOUNT 1230110 SHARES

SUB-SUBACCOUNT 1230120 INVESTMENTS IN PORTFOLIO MANAGEMENT

SUB-SUBACCOUNT 1230130 INVESTMENTS IN SECURITIZATION FUNDS

SUB-SUBACCOUNT 1230140 ETF'S AND OTHER PARTICIPATIONS

SUB-SUBACCOUNT 1230150 OTHER INVESTMENTS IN VARIABLE INCOME SECURITIES

SUB-SUBACCOUNT 1230160 INVESTMENTS IN INVESTMENT FUNDS

SUB-SUBACCOUNT 1230170 DERIVATIVES

CHARGES For subscription or purchase, with credit, generally, to Cash and cash equivalent accounts. For upward fluctuations in fair value with respect to the subscription or purchase cost, crediting the results account within the income accounts by the difference between fair value and said cost in account 5124010 Changes in fair value of financial assets and liabilities amounts, once results are regularized at the end of the year, will become part of the Restricted Equity account 3500020 Investments held for trading. For the amount of accrued but unpaid interest at the close of different economic periods, crediting the Interest and dividends portfolio financial investments accounts.

CREDITS For downward fluctuations in fair value with respect to the subscription or purchase cost, debiting the results account within the expense accounts by the difference between fair value and said cost in the FOR UNCOLLECTIBILITY AND DEVALUATION OF .

MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES

Approval: 06/16/2010
Effective Date: 10/01/2010

For sales, early amortizations, or write-offs in the securities portfolio, with debit to Cash and cash equivalent accounts and, in case of gains, crediting account 5124020 in case of losses debiting the Financial Assets and Liabilities between the selling price and by the amount it was accounted for at that moment. In the case of investments in foreign currency, this account will be debited or credited by the exchange rate between the previous value and the current exchange rate with charge or credit to the expense results accounts.

SUB-ACCOUNT 1231 INVESTMENTS HELD UNTIL MATURITY

DESCRIPTION This category may include non-derivative financial assets with fixed maturity and determinable or determinable cash flows that the entity has, from the beginning and at any subsequent date, both the positive intention and the demonstrated financial capacity to hold them until maturity. Such intention and capacity must be consistent with its risk policies and classification of financial assets. Assets classified in this category will be recorded at their amortized cost. Amortized cost is measured by the present value of estimated future cash flows discounted at the effective interest rate

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 original of the (the) asset(s) financial. SUB-SUBACCOUNT 1231000 PUBLIC BONDS SUB-SUBACCOUNT 1231010 BONDS OF PRIVATE FINANCIAL ENTITIES SUB-SUBACCOUNT 1231020 BONDS OF PRIVATE NON-FINANCIAL ENTITIES SUB-SUBACCOUNT 1231030 FOREIGN PUBLIC BONDS SUB-SUBACCOUNT 1231040 FOREIGN PRIVATE BONDS SUB-SUBACCOUNT 1231050 MARKETABLE PAPER SUB-SUBACCOUNT 1231060 INVESTMENT CERTIFICATES OF FINANCIAL ENTITIES SUB-SUBACCOUNT 1231070 INVESTMENT CERTIFICATES OF NON-FINANCIAL ENTITIES SUB-SUBACCOUNT 1231080 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PUBLIC ENTITIES SUB-SUBACCOUNT 1231090 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE FINANCIAL ENTITIES SUB-SUBACCOUNT 1231100 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE NON-FINANCIAL ENTITIES SUB-SUBACCOUNT 1231110 INVESTMENTS IN SECURITIZATION FUNDS SUB-SUBACCOUNT 1231120 ETF'S AND OTHER PARTICIPATIONS SUB-SUBACCOUNT 1231130 OTHER INVESTMENTS IN VARIABLE INCOME SECURITIES SUB-SUBACCOUNT 1231140 INVESTMENTS IN INVESTMENT FUNDS SUB-SUBACCOUNT 1231150 DERIVATIVES DEBITS By the subscription or purchase cost with credit usually to Cash and its equivalents accounts.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 For positive adjustments to the amortized cost in case that the acquisition cost is lower than the face value of the asset or interest is paid at maturity with posting to the account 5212000 income Interest and dividends from the investment portfolio financial. By accrued interest with posting to account 5212000 income Interest and dividends from the investment portfolio financial. CREDITS By negative adjustments to the amortized cost in case that the acquisition cost is higher than the face value debiting the income account Interest and dividends portfolio investment financial, once accrued interests have been credited. SUB-ACCOUNT 1232 AVAILABLE FOR SALE INVESTMENTS DESCRIPTION In this category will be included non-derivative financial assets that are designated specifically as available for sale, or that are not classified as a) negotiable b) loans and receivables, c) investments held to maturity or c)financial assets accounted for at fair value with changes in results. In short, it is the default investment category. SUB-SUBACCOUNT 1232000 PUBLIC BONDS SUB-SUBACCOUNT 1232010 BONDS OF PRIVATE FINANCIAL ENTITIES SUB-SUBACCOUNT 1232020 BONDS OF PRIVATE NON-FINANCIAL ENTITIES SUB-SUBACCOUNT 1232030 FOREIGN PUBLIC BONDS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 SUB-SUBACCOUNT 1232040 FOREIGN PRIVATE BONDS SUB-SUBACCOUNT 1232050 MARKETABLE PAPER SUB-SUBACCOUNT 1232060 INVESTMENT CERTIFICATES OF FINANCIAL ENTITIES SUB-SUBACCOUNT 1232070 INVESTMENT CERTIFICATES OF NON-FINANCIAL ENTITIES SUB-SUBACCOUNT 1232080 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PUBLIC ENTITIES SUB-SUBACCOUNT 1232090 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE FINANCIAL ENTITIES SUB-SUBACCOUNT 1232100 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE NON-FINANCIAL ENTITIES SUB-SUBACCOUNT 1232110 SHARES SUB-SUBACCOUNT 1232120 INVESTMENTS IN PORTFOLIO MANAGEMENT SUB-SUBACCOUNT 1232130 INVESTMENTS IN SECURITIZATION FUNDS SUB-SUBACCOUNT 1232140 ETF'S AND OTHER PARTICIPATIONS SUB-SUBACCOUNT 1232150 OTHER INVESTMENTS IN VARIABLE INCOME SECURITIES SUB-SUBACCOUNT 1232160 INVESTMENTS IN INVESTMENT FUNDS SUB-SUBACCOUNT 1232170 DERIVATIVES DEBITS With Investments made in bank deposits or securities and repo operations.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 CREDITS By sales, amortizations early or write-off in the portfolio of values, by the balance at that moment with debit to the Cash and its equivalents accounts by the price of sale and, by the difference between this price and the initial value, in case of gains occurring, crediting the account by sale of financial investments and, in case of loss, debiting the expense account 4270020 Financial assets available for the account to Equity Revaluation 3321 Financial assets available for sale, by the balance that would appear. SUB-ACCOUNT 1233 RESTRICTED INVESTMENTS DESCRIPTION Represents the value of the titles pledged as collateral. SUB-SUBACCOUNT 1233000 INVESTMENTS IN COLLATERAL

DEBITS By the nominal value of the titles transferred to constitute guarantees. CREDITS By the withdrawal of the titles securities used to constitute guarantees. SUB-ACCOUNT 1234 (ESTIMATE FOR VALUATION OF FINANCIAL INVESTMENTS ) SUB-SUBACCOUNT 1234000 INVESTMENTS HELD FOR TRADING SUB-SUBACCOUNT 1234010 INVESTMENTS AVAILABLE FOR SALE SUB-SUBACCOUNT 1234020 RESTRICTED INVESTMENTS DEBITS By upward fluctuations in fair value with respect to cost, crediting the results account and/or Net Equity.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 CREDITS By downward fluctuations in fair value with respect to cost, debiting the results account and/or Net Equity. ACCOUNT 124 LONG-TERM RECEIVABLE ACCOUNTS AND DOCUMENTS DESCRIPTION Comprises various rights that are directly related to the activity of the houses. Includes accounts and documents receivable from issuers, investors, Stock Exchanges, Brokerage Houses, and portfolio management (For Brokerage Houses, which are authorized in that area) for own operations and by stock market services provided to third parties. Includes the accounts corresponding to register the items that result from doubtful collectability. All previous accounts with a maturity greater than one year. Accounts and documents receivable must be evaluated at least monthly, in order to establish their recoverability, according to the policies established by the entity. Accounts qualified or classified as uncollectable by the administration and/or those that after their maturity, thirty (30) days have passed and have not been collected, must be subject to accounting reclassifying them as accounts of doubtful collection, in the corresponding analytical accounts that include the accounts of this item, for which the corresponding provisions must be constituted.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 For adequate presentation in the balance sheet, the balance of this item will be shown net of the account 1236 ESTIMATE FOR UNCOLLECTABLE ACCOUNTS. SUB-ACCOUNT 1240 ISSUERS SUB-SUBACCOUNT 1240000 LOANS SUB-SUBACCOUNT 1240010 OTHERS SUB-ACCOUNT 1241 BROKERAGE HOUSES SUB-SUBACCOUNT 1241000 LOANS SUB-SUBACCOUNT 1241010 OTHERS SUB-ACCOUNT 1242 INVESTORS SUB-SUBACCOUNT 1242000 LOANS SUB-SUBACCOUNT 1242010 OTHERS SUB-ACCOUNT 1243 STOCK EXCHANGE SUB-SUBACCOUNT 1243000 LOANS SUB-SUBACCOUNT 1243010 OTHERS SUB-ACCOUNT 1244 DEPOSIT AND CUSTODY OF SECURITIES SUB-SUBACCOUNT 1244000 LOANS SUB-SUBACCOUNT 1244010 OTHERS SUB-ACCOUNT 1245 OTHER LONG-TERM RECEIVABLE ACCOUNTS SUB-SUBACCOUNT 1245000 INTEREST PAID IN ADVANCE SUB-SUBACCOUNT 1245010 ADVANCES SUB-SUBACCOUNT 1245020 COMPENSATION CLAIMED FOR ACCIDENTS SUB-SUBACCOUNT 1245030 CASH SHORTAGES SUB-SUBACCOUNT 1245040 OTHER RECEIVABLE ACCOUNTS SUB-ACCOUNT 1246 ESTIMATE FOR UNCOLLECTABLE ACCOUNTS SUB-SUBACCOUNT 1246000 ISSUERS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 SUB-SUBACCOUNT 1246010 BROKERAGE HOUSES SUB-SUBACCOUNT 1246020 INVESTORS SUB-SUBACCOUNT 1246030 STOCK EXCHANGE SUB-SUBACCOUNT 1246040 DEPOSIT AND CUSTODY OF SECURITIES SUB-SUBACCOUNT 1246050 OTHER RECEIVABLE ACCOUNTS DEBITS By the rights generated by own operations to clients. By loans granted in favor of third parties. By payments made in excess and/or on behalf of third parties. By partial or total collection of accounts to which provisions for risk of uncollectability have been constituted. By the reversal of provisions that result excessive or improper. CREDITS By the collection of the rights. By the collection of loans granted. By the collection or refund of payments made in excess and/or on behalf of third parties. By the write-off of accounts qualified as uncollectable. ACCOUNT 125 RELATED LONG-TERM RECEIVABLE ACCOUNTS AND DOCUMENTS DESCRIPTION In this account is registered the rights of the entity, which will soon collect the entity from companies, employees, shareholders and others with whom it is related whose maturity term is greater than one year. SUB-ACCOUNT 1250 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM EMPLOYEES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 SUB-SUBACCOUNT 1250000 LOANS SUB-SUBACCOUNT 1250010 OTHERS SUB-ACCOUNT 1251 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM SHAREHOLDERS AND DIRECTORS SUB-SUBACCOUNT 1251000 LOANS TO DIRECTORS SUB-SUBACCOUNT 1251010 LOANS TO SHAREHOLDERS SUB-SUBACCOUNT 1251020 OTHERS SUB-ACCOUNT 1252 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM RELATED COMPANIES SUB-SUBACCOUNT 1252000 LOANS SUB-SUBACCOUNT 1252010 OTHERS SUB-ACCOUNT 1253 ESTIMATE FOR UNCOLLECTABLE ACCOUNTS SUB-SUBACCOUNT 1253000 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM EMPLOYEES SUB-SUBACCOUNT 1253010 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM SHAREHOLDERS SUB-SUBACCOUNT 1253020 ACCOUNTS AND DOCUMENTS RECEIVABLE FROM RELATED COMPANIES DEBITS By the rights of the entity with related parties. By the transfer of accounts and documents receivable related considered of doubtful collectability. CREDITS By credits or payments received by the entity from the related parties. By the write-off of RELATED ACCOUNTS AND DOCUMENTS RECEIVABLE. By the partial or total collection of accounts of doubtful collectability. By the write-off of accounts qualified as uncollectable. ACCOUNT 126 INTANGIBLE ASSETS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 DESCRIPTION It is an identifiable asset, of a non-monetary nature and without physical appearance, that is owned to be used in the production supply of goods and services, to be leased to third parties or for functions related to administration. Those are those identifiable, without physical substance, used for the provision of information storage services or for administrative purposes, which will generate future economic benefits controlled by the entity. SUB-ACCOUNT 1260 RIGHTS TO OPERATE STOCK EXCHANGE BOOTH SUB-SUBACCOUNT 1260000 RIGHTS TO OPERATE STOCK EXCHANGE BOOTH SUB-SUBACCOUNT 1260010 ACCUMULATED AMORTIZATION OF OPERATION OF STOCK EXCHANGE BOOTH SUB-SUBACCOUNT 1260020 ACCUMULATED IMPAIRMENT OF OPERATION OF STOCK EXCHANGE BOOTH SUB-ACCOUNT 1261 LICENSES AND CONCESSIONS SUB-SUBACCOUNT 1261000 LICENSES AND CONCESSIONS SUB-SUBACCOUNT 1261010 ACCUMULATED AMORTIZATION OF LICENSES AND CONCESSIONS SUB-SUBACCOUNT 1261020 ACCUMULATED IMPAIRMENT OF LICENSES AND CONCESSIONS SUB-ACCOUNT 1262 COMPUTER PROGRAMS SUB-SUBACCOUNT 1262000 COMPUTER PROGRAMS SUB-SUBACCOUNT 1262010 ACCUMULATED AMORTIZATION OF COMPUTER PROGRAMS SUB-SUBACCOUNT 1262020 ACCUMULATED IMPAIRMENT OF COMPUTER PROGRAMS SUB-ACCOUNT 1263 FRANCHISES SUB-SUBACCOUNT 1263000 FRANCHISES SUB-SUBACCOUNT 1263010 ACCUMULATED AMORTIZATION OF FRANCHISES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 SUB-SUBACCOUNT 1263020 ACCUMULATED IMPAIRMENT OF FRANCHISES SUB-ACCOUNT 1264 WEBSITES SUB-SUBACCOUNT 1264000 WEBSITES SUB-SUBACCOUNT 1264010 ACCUMULATED AMORTIZATION OF WEBSITES SUB-SUBACCOUNT 1264020 ACCUMULATED IMPAIRMENT OF WEBSITES SUB-ACCOUNT 1265 OTHER INTANGIBLES SUB-SUBACCOUNT 1265000 OTHER INTANGIBLES SUB-SUBACCOUNT 1265010 ACCUMULATED AMORTIZATION OF OTHER INTANGIBLES SUB-SUBACCOUNT 1265020 ACCUMULATED IMPAIRMENT OF OTHER INTANGIBLES DEBITS By the accounting at cost of Intangible Assets. By the application of the accumulated amortization and by the cancellation of the assets depreciable. When there is a reversal of loss due to impairment or write-off of an asset that was affected by impairment previously. CREDITS When written off by sale, or abandonment thereof. By the accounting of the accumulated amortizations. By impairment losses established by the administration based on periodic evaluations of the intangibles. By the transfer of depreciable expenses to accounts of results. By the accumulated amortization registered. ACCOUNT 127 CONSTRUCTION WORKS IN PROGRESS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 DESCRIPTION In this account are recorded the Works in progress in property owned by the entity. The assets included in this account are not depreciated. SUB-ACCOUNT 1270 CONSTRUCTION WORKS IN PROGRESS SUB-SUBACCOUNT 1270000 CONSTRUCTION WORKS IN PROGRESS DEBITS By construction costs, conditioning or equipment. CREDITS By transfer to the corresponding accounts by the value accounted for at the end of the works. ACCOUNT 128 LONG-TERM ASSETS HELD FOR SALE DESCRIPTION This item will be integrated by long-term assets reclassified to this category, because the administration has decided to recover them through a sale operation rather than by their use continuous and by long-term assets acquired by the administration exclusively with the purpose of subsequent alienation. These assets do not will be depreciated while they are classified in this category. SUB-ACCOUNT 1280 LONG-TERM ASSETS HELD FOR SALE SUB-SUBACCOUNT 1280000 INVESTMENTS IN SUBSIDIARIES SUB-SUBACCOUNT 1280010 INVESTMENTS IN ASSOCIATES SUB-SUBACCOUNT 1280020 INVESTMENTS IN JOINT VENTURES SUB-SUBACCOUNT 1280030 ASSETS IN DISCONTINUATION SUB-SUBACCOUNT 1280040 PROPERTY, PLANT AND EQUIPMENT SUB-SUBACCOUNT 1280050 INTANGIBLE ASSETS SUB-SUBACCOUNT 1280060 ASSETS RECEIVED IN FINANCIAL LEASE SUB-SUBACCOUNT 1280070 GOODS RECEIVED IN PAYMENT OR AWARDED

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 DEBITS At the time of their reclassification as an asset of this category or their acquisition, with credit to the corresponding asset accounts by their net book value (book value minus accumulated depreciation) long-term from where they come, normally from the group Non-current Asset or to Cash and equivalent cash accounts or creditors/debtors respectively when acquired or enter into the entity with this purpose. By increases in fair value over the value accounted for at the time of their transfer or acquisition crediting the Equity Revaluations 3321 Assets held for sale. It will be debited in case by the recognition of accrued income and not collected within the exercise crediting the account of dividends from the portfolio of It will be debited by the reversal of the impairment crediting the impairment of non-current assets

CREDITS It will be credited by decreases in fair value over the value accounted for at the time of their transfer or acquisition debiting the Equity Revaluations 3321 .

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 It will be credited by its impairment debiting the expense account of long-term assets held for sale . It will be credited by the alienations, with debit to Cash and equivalent cash accounts or to receivable accounts and, in case of gain or loss occurring, to the accounts, of income 5300000 Gain on 4300020 Losses on sale of writing off the account by the amount it was constituted in case of adjustments by revaluation. It will be credited by the distributions of dividends charged to profits generated before the acquisition of the participation, with debit to cash or other assets accounts. ELEMENT 2 LIABILITY DESCRIPTION Groups the accounts that represent obligations incurred by the entity by normal operations of the business derived from debts from credits obtained and expenses incurred in the exploitation of the business, as well as the obligations with the State, with the personnel and various provisions. Comprises the claims with financial institutions of the country and from abroad, accounts and documents payable by own operations and on behalf of third parties, the obligations with workers, obligations for taxes and contributions, claims with suppliers; and, the provisions for labor obligations, other provisions and deferred gains. ITEM 21 CURRENT LIABILITY DESCRIPTION Represents the obligations owed by the company, whose maturity is less than one year. ACCOUNT 210 LOANS AND OVERDRAFTS WITH BANKS AND OTHER LOCAL FINANCIAL INSTITUTIONS DESCRIPTION Comprises the financing obtained, such as debts coming from short-term financings, contracted with banking and financial institutions, local and from abroad, under the modality of direct credits and lines of credit. SUB-ACCOUNT 2100 OVERDRAFTS WITH BANKS AND OTHER LOCAL FINANCIAL INSTITUTIONS SUB-SUBACCOUNT 2100000 OVERDRAFTS OF BANKS AND OTHER FINANCIAL INSTITUTIONS, S.L. SUB-SUBACCOUNT 2100010 OVERDRAFTS OF BANKS AND OTHER FINANCIAL INSTITUTIONS, S.A. SUB-ACCOUNT 2101 LOANS FROM BANKS AND OTHER LOCAL FINANCIAL INSTITUTIONS SUB-SUBACCOUNT 2101000 LOANS FROM BANKS AND OTHER LOCAL FINANCIAL INSTITUTIONS, S.L. SUB-SUBACCOUNT 2101010 LOANS FROM BANKS AND OTHER LOCAL FINANCIAL INSTITUTIONS, S.A. DEBITS By amortizations and cancellation of obligations for credits received. By the cancellation of overdrafts. By credit notes received.

ACCOUNT 211 CURRENT PORTION OF LONG-TERM LIABILITIES DESCRIPTION Represents the amount to be disbursed by the expiration in the current exercise of long-term obligations. SUB-ACCOUNT 2110 OBLIGATIONS WITH BANKS AND OTHER LOCAL FINANCIAL INSTITUTIONS SUB-SUBACCOUNT 2110000 LOANS FROM BANKS AND OTHER LOCAL FINANCIAL INSTITUTIONS, S.L. SUB-SUBACCOUNT 2110010 LOANS FROM BANKS AND OTHER LOCAL FINANCIAL INSTITUTIONS, S.A. SUB-ACCOUNT 2111 LOANS WITH BANKS AND FOREIGN FINANCIALS SUB-SUBACCOUNT 2111000 LOANS FROM BANKS AND FINANCIALS, S.A. SUB-ACCOUNT 2112 OBLIGATIONS WITH OTHER INSTITUTIONS OF THE COUNTRY SUB-SUBACCOUNT 2112000 OBLIGATIONS WITH OTHER INSTITUTIONS OF THE COUNTRY SUB-ACCOUNT 2113 OBLIGATIONS WITH OTHER FOREIGN INSTITUTIONS SUB-SUBACCOUNT 2113000 OBLIGATIONS WITH OTHER FOREIGN INSTITUTIONS DEBITS By amortizations and cancellation of obligations for credits received. By the cancellation of overdrafts. By credit notes received.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 CREDITS By the amounts of financing and credits contracted whose maturity will occur in the current exercise. ACCOUNT 212 OBLIGATIONS FROM STOCK MARKET OPERATIONS DESCRIPTION In this account is registered the obligations that originate in the operations of investments own and on behalf of third parties and portfolio management. SUB-ACCOUNT 2120 ISSUERS SUB-SUBACCOUNT 2120000 LOANS SUB-SUBACCOUNT 2120010 OTHERS SUB-ACCOUNT 2121 BROKERAGE HOUSES SUB-SUBACCOUNT 2121000 LOANS SUB-SUBACCOUNT 2121010 COMMISSIONS FOR SERVICES SUB-SUBACCOUNT 2122020 OTHERS SUB-ACCOUNT 2122 INVESTORS SUB-SUBACCOUNT 2122000 LOANS SUB-SUBACCOUNT 2122010 OTHERS SUB-ACCOUNT 2123 STOCK EXCHANGE SUB-SUBACCOUNT 2123000 LOANS SUB-SUBACCOUNT 2123010 COMMISSIONS FOR SERVICES SUB-SUBACCOUNT 2123020 OTHERS SUB-ACCOUNT 2124 OBLIGATIONS FROM PORTFOLIO ADMINISTRATION SERVICES SUB-SUBACCOUNT 2124000 OBLIGATIONS WITH INVESTORS SUB-SUBACCOUNT 2124010 OTHER OBLIGATIONS SUB-ACCOUNT 2125 OBLIGATIONS FROM SUBSCRIPTION OF SECURITIES IN PRIMARY MARKET DESCRIPTION Represents the obligations incurred by the house by primary subscription operations under the figure of UNDERWRITING.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 SUB-SUBACCOUNT 2125000 PUBLIC BONDS SUB-SUBACCOUNT 2125010 BONDS OF PRIVATE FINANCIAL ENTITIES SUB-SUBACCOUNT 2125020 BONDS OF PRIVATE NON-FINANCIAL ENTITIES SUB-SUBACCOUNT 2125030 MARKETABLE PAPER SUB-SUBACCOUNT 2125040 INVESTMENT CERTIFICATES OF FINANCIAL ENTITIES SUB-SUBACCOUNT 2125050 INVESTMENT CERTIFICATES OF NON-FINANCIAL ENTITIES SUB-SUBACCOUNT 2125060 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PUBLIC ENTITIES SUB-SUBACCOUNT 2125070 OTHER INVESTMENTS IN FIXED INCOME SECURITIES OF PRIVATE FINANCIAL ENTITIES SUB-SUBACCOUNT 2125080 SHARES SUB-SUBACCOUNT 2125090 OTHER INVESTMENTS IN VARIABLE INCOME SECURITIES DESCRIPTION In the sub-accounts will be registered the obligations that originate in the operations of own investments, with investors, issuers, the stock exchange and brokerages. SUB-ACCOUNT 2126 OBLIGATIONS FROM INDIVIDUAL PORTFOLIO ADMINISTRATION SERVICE (1) DESCRIPTION In these sub-accounts are registered the obligations that originate in the operations related to individual portfolio administration. (1) SUB-SUBACCOUNT 2126000 OBLIGATIONS WITH INVESTORS (1) SUB-SUBACCOUNT 2126010 OTHER OBLIGATIONS (1) DEBITS By the accounting of the payments of obligations. By the payments of obligations originated by services in stock market operations.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

For payments of obligations arising from portfolio management.
For payments of obligations arising from individual portfolio management. (1)

CREDITS By the accounting of obligations arising from own investment operations. By the accounting of obligations arising from stock market operation services. By the accounting of obligations arising from portfolio management services. By the accounting of obligations arising from individual portfolio management services. (1)

ACCOUNT 213 ACCOUNTS PAYABLE
DESCRIPTION The account will record the entity's obligations with its personnel, remuneration, vacations, fees, and commissions.

SUB-ACCOUNT 2130 EMPLOYEE PROVISIONS PAYABLE
SUB-SUBACCOUNT 2130000 REMUNERATIONS PAYABLE
SUB-SUBACCOUNT 2130010 VACATIONS PAYABLE
SUB-SUBACCOUNT 2130020 OTHER OBLIGATIONS WITH EMPLOYEES PAYABLE

SUB-ACCOUNT 2131 RETENTIONS PAYABLE
SUB-SUBACCOUNT 2131000 ISSS-FSV
SUB-SUBACCOUNT 2131010 PENSION FUNDS ADMINISTRATORS (AFP) SUB-SUBACCOUNT 2131020 OTHER RETENTIONS TO EMPLOYEES

SUB-ACCOUNT 2132 WITHHELD TAXES
SUB-SUBACCOUNT 2132000 INCOME TAX WITHHELD FROM EMPLOYEES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

SUB-SUBACCOUNT 2132010 INCOME TAX WITHHELD FOR PROFESSIONAL SERVICES SUB-SUBACCOUNT 2132020 INCOME TAX WITHHELD FROM CLIENTS SUB-SUBACCOUNT 2132030 INCOME TAX WITHHELD FROM THIRD PARTIES SUB-SUBACCOUNT 2132040 MUNICIPAL TAXES WITHHELD FROM EMPLOYEES SUB-SUBACCOUNT 2132050 VAT, WITHHELD FROM THIRD PARTIES SUB-SUBACCOUNT 2132060 VAT RECEIVABLE PAYABLE SUB-SUBACCOUNT 2132070 OTHER WITHHELD TAXES

SUB-ACCOUNT 2133 ACCOUNTS PAYABLE FOR SERVICES SUB-SUBACCOUNT 2133000 COMMUNICATION AND TELEPHONE SERVICES PAYABLE SUB-SUBACCOUNT 2133010 ENERGY AND WATER SERVICES PAYABLE SUB-SUBACCOUNT 2133020 PROFESSIONAL SERVICES PAYABLE SUB-SUBACCOUNT 2133030 RENTS PAYABLE SUB-SUBACCOUNT 2133040 INSURANCES PAYABLE SUB-SUBACCOUNT 2133050 OTHER SERVICES PAYABLE

SUB-ACCOUNT 2134 PROVISIONS PAYABLE
SUB-SUBACCOUNT 2134000 PROVISION FOR INTEREST PAYABLE ON BANK LOANS SUB-SUBACCOUNT 2134010 ISSS EMPLOYER CONTRIBUTION SUB-SUBACCOUNT 2134020 AFP EMPLOYER CONTRIBUTION SUB-SUBACCOUNT 2134030 PROVISION FOR REPORT COSTS SUB-SUBACCOUNT 2134040 AUDIT COST SUB-SUBACCOUNT 2134050 MEMBERSHIP FEES SUB-SUBACCOUNT 2134060 OTHER ACCOUNTS PAYABLE

SUB-ACCOUNT 2135 VARIOUS CREDITORS
SUB-SUBACCOUNT 2135000 VARIOUS CREDITORS
SUB-SUBACCOUNT 2135010 CASH OVERAGES

DEBITS For the payment of remunerations payable.
For payments of rents and services.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

For cash overages.
For payments of obligations to the Treasury, for withheld taxes.

CREDITS For rents and services payable.
For cash overages.
For income tax, VAT, or municipal taxes withheld from employees, clients, and third parties.

ACCOUNT 214 RELATED ACCOUNTS PAYABLE
DESCRIPTION Represents the set of obligations that the Brokerage House has with shareholders, directors, and related companies.

SUB-ACCOUNT 2140 ACCOUNTS PAYABLE TO DIRECTORS SUB-SUBACCOUNT 2140000 LOANS SUB-SUBACCOUNT 2140010 OTHER ACCOUNTS PAYABLE TO DIRECTORS

SUB-ACCOUNT 2141 ACCOUNTS PAYABLE TO SHAREHOLDERS SUB-SUBACCOUNT 2141000 LOANS SUB-SUBACCOUNT 2141010 OTHER ACCOUNTS PAYABLE TO SHAREHOLDERS

SUB-ACCOUNT 2142 ACCOUNTS PAYABLE TO RELATED COMPANIES SUB-SUBACCOUNT 2142000 LOANS SUB-SUBACCOUNT 2142010 OTHER ACCOUNTS PAYABLE TO RELATED COMPANIES

DEBITS For the payment of REMUNERATIONS PAYABLE to shareholders, directors. For payments of rents and services, to related companies or persons.

CREDITS For rents and services payable, to related companies or persons. For obligations with related parties.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

ACCOUNT 215 OWN TAXES PAYABLE
DESCRIPTION This item represents immediate exigibility obligations arising from taxes, contributions, and other tributes in favor of State institutions and others borne by the entity as a taxpayer.

SUB-ACCOUNT 2150 MUNICIPAL TAXES
SUB-SUBACCOUNT 2150000 MUNICIPAL TAXES

SUB-ACCOUNT 2151 INCOME TAX
SUB-SUBACCOUNT 2151000 INCOME TAX

SUB-ACCOUNT 2152 VAT PAYABLE
SUB-SUBACCOUNT 2152000 FISCAL VAT DEBIT
SUB-SUBACCOUNT 2152010 VAT PAYABLE

SUB-ACCOUNT 2153 OTHER TAXES
SUB-SUBACCOUNT 2153000 OTHER TAXES

DEBITS For the payment of taxes and contributions on one's own account.

CREDITS For taxes and contributions on one's own account payable.

ACCOUNT 216 DIVIDENDS PAYABLE
DESCRIPTION Represents profits pending distribution to shareholders, approved by the General Shareholders' Meeting.

SUB-ACCOUNT 2160 DIVIDENDS PAYABLE
SUB-SUBACCOUNT 2160000 DIVIDENDS PAYABLE

DEBITS For the cash and/or check payment of dividends to shareholders.

CREDITS For the decree of profit distribution formulated by the General Shareholders' Meeting.

ACCOUNT 217 NEGOTIABLE FINANCIAL LIABILITIES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

DESCRIPTION Financial liabilities included in this category are those measured at fair value with effect on results, which meet the following conditions: a) They are acquired with the objective of realizing them in the short term; b) They are part of a portfolio of identified financial instruments managed jointly for which there is evidence of recent actions to generate short-term gains; c) Derivatives not designated as accounting hedge instruments. Classification in this item is subject to the ease of obtaining prices for these liabilities within an active market or the existence of a valuation methodology developed by an authorized body, which may be adequate to assign a fair value to such liabilities.

SUB-ACCOUNT 2170 NEGOTIABLE FINANCIAL LIABILITIES SUB-SUBACCOUNT 2170000 NEGOTIABLE FINANCIAL LIABILITIES

DEBITS For downward fluctuations in fair value compared to subscription or purchase cost, crediting the results account within income accounts for the difference between fair value and said cost in Changes in fair value of financial assets and liabilities.

CREDITS For subscription, generally debited to Cash and cash equivalent accounts.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

For upward fluctuations in fair value compared to subscription or purchase cost, debiting the results account within expense accounts for the difference between fair value and said cost in expense accounts 4261 Provision for depreciation of Assets and Liabilities. For sales, early amortizations, or removal from the securities portfolio, debiting Cash and cash equivalent accounts and, in case of gains, crediting the account for sale of financial investments (and canceling losses by debiting expense account 4270000 Negotiable financial assets and liabilities for the difference between the selling price and the price at which it was recorded at that moment). In the case of foreign currency investments, this account will be debited or credited by the exchange rate between the previous value and the current exchange rate charged or credited to results accounts in expense 4200010 Exchange difference, in case of loss or credit to income account 5200010 Exchange difference in case of gain.

ACCOUNT 218 OTHER FINANCIAL LIABILITIES AT FAIR VALUE WITH EFFECT ON RESULTS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

DESCRIPTION This item incorporates the value of financial liability items classified from initial recognition at their fair value with effect on results. Classification in this item is subject to the ease of obtaining prices for these liabilities within an active market or the existence of a valuation methodology developed by an authorized body, which may be adequate to assign a fair value to such liabilities. The entity will not reclassify a financial instrument into this category while it is in its possession or continues to be issued, nor will it remove any classified in this way to carry it to another distinct category.

SUB-ACCOUNT 2180 OTHER FINANCIAL LIABILITIES AT FAIR VALUE WITH EFFECT ON RESULTS SUB-SUBACCOUNT 2180000 OTHER FINANCIAL LIABILITIES AT FAIR VALUE WITH EFFECT ON RESULTS

ACCOUNT 219 HEDGE FINANCIAL DERIVATIVE INSTRUMENTS DESCRIPTION Within this grouping, financial derivative instruments designated as hedges of specifically identified risks will be included, which have an impact on the loss and gain account as a consequence of variations in the fair value or in the cash flow of one or several concrete elements or in a net investment in foreign currency, denominated covered items. These accounts will be affected when, as a result of adjustments in fair value, they adopt a creditor nature.

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RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

If fair value hedging meets the criteria to be considered as such, it will be accounted for as follows: a) The gain or loss originating from the remeasurement of the hedging instrument will be recognized in results at the time it is established. b) The gain or loss that originates on the covered item that is attributable to the covered risk will adjust the recorded value of the covered item and will be recognized in results at the time it is established. Recognition of the loss or gain attributable to the covered risk in the year's results also applies if the covered item is an asset available for sale.

SUB-SUBACCOUNT 2190000 FAIR VALUE HEDGE
SUB-SUBACCOUNT 2190010 CASH FLOW HEDGE
SUB-SUBACCOUNT 2190020 NET INVESTMENT IN FOREIGN CURRENCY HEDGE

DEBITS It will be debited for downward fluctuations in fair value compared to the initial or previously measured value, crediting the results account within income accounts with the difference between the previous measurement and the current fair value, in income account 5124010 Changes in fair value of financial assets and liabilities in case of downward fluctuation. These amounts, once results are settled at the end of the exercise, will form part of the Equity account 3500020 Investments held for cover by the net balance of this account, and the account 4261 PROVISION FOR DEPRECIATION OF ASSETS AND LIABILITIES - 4261000 held for trading. It will be debited for sales, or removal from the securities portfolio, with credit to Treasury accounts and, in case of gains, crediting the income account 5124010 Changes in fair value of assets and losses by debiting the expense account "4261 Provision for depreciation" for the difference between the selling price and the price at which it was recorded at that moment. It will be debited for downward fluctuations in fair value compared to the initial or previously measured value, crediting the difference between the previous measurement and the current fair value, in the following accounts: Of Equity 3322 Hedge for the effective part of the hedge; Of income fair value of assets and liabilities effective part of the hedge. These amounts, once results are settled at the end of the exercise, will form part of the Equity account so long as they are not collected by the net balance of this account and the Provision for depreciation of investments and liabilities.

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RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

For sales, or removal from the securities portfolio, with credit to Treasury accounts and, in case of gains, crediting the account or the income account fair value of assets and liabilities whether or not the hedge is effective, and, in case of losses debiting the Equity account 3322 Hedge expense account 4261000 Provision hedge whether or not the hedge is effective, always for the difference between the selling price and the price at which it was recorded at that moment.

CREDITS It will be credited for upward fluctuations in fair value compared to the initial or previously measured value, debiting the results account within expense accounts with the difference between fair value and said previous measurement, in the expense account depreciation. For upward fluctuations in fair value compared to the initial or previously measured value, debiting the difference between fair value and said previous measurement, in the following accounts: Of Equity 3322 for the effective part of the c for the ineffective part of the hedge; of Liability 2190020 Foreign Currency Net Investment Hedge.

ITEM 22 NON-CURRENT LIABILITY
DESCRIPTION Represents the set of obligations, borne by the Brokerage House, whose maturity occurs more than one year in the future.

ACCOUNT 220 LONG-TERM BANK LOANS
DESCRIPTION Comprises financing obtained, such as debts arising from long-term financings, contracted with local and foreign banking institutions, under the modality of direct credits and credit lines.

SUB-ACCOUNT 2200 OBLIGATIONS WITH LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS SUB-SUBACCOUNT 2200000 DEBTS FROM LOANS SUB-SUBACCOUNT 2200010 OTHER LONG-TERM OBLIGATIONS

SUB-ACCOUNT 2201 OBLIGATIONS WITH FOREIGN BANKS AND FINANCIAL INSTITUTIONS SUB-SUBACCOUNT 2201000 DEBTS FROM LOANS SUB-SUBACCOUNT 2201010 OTHER LONG-TERM OBLIGATIONS

DEBITS For the annual transfer, from current maturity of obligations to current liability. For adjustments to loans.

CREDITS For taking out loans or other obligations for a term greater than one year.

ACCOUNT 221 LONG-TERM OBLIGATIONS WITH RELATED COMPANIES

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MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

DESCRIPTION In this account, long-term obligations with related companies are recorded, under the forms referred to in the description of the item.

SUB-ACCOUNT 2210 LONG-TERM OBLIGATIONS WITH RELATED COMPANIES SUB-SUBACCOUNT 2210000 LONG-TERM LOANS SUB-SUBACCOUNT 2210010 OTHER LONG-TERM OBLIGATIONS

DEBITS For the annual transfer, from current maturity of obligations to current liability. For adjustments to loans.

CREDITS For taking out loans or other obligations for a term greater than one year with related companies.

ACCOUNT 222 DEFERRED INCOME TAX
DESCRIPTION Represents temporary differences between the tax assessed in accordance with the Income Tax Law and the profit determined in accordance with International Financial Reporting Standards.

SUB-ACCOUNT 2220 DEFERRED INCOME TAX
SUB-SUBACCOUNT 2220000 DEFERRED INCOME TAX

DEBITS For the elimination of temporary differences between the paid tax and the accounting tax.

CREDITS For the creation of temporary differences between the paid tax and the accounting tax.

ACCOUNT 223 DEFERRED INCOME
DESCRIPTION In this account, income that has been received by the entity but has not yet been earned is recorded.

SUB-ACCOUNT 2230 DEFERRED INCOME FROM STOCK MARKET SERVICES SUB-SUBACCOUNT 2230000 DEFERRED INCOME FROM OPERATIONAL STOCK MARKET SERVICES SUB-SUBACCOUNT 2230010 DEFERRED INCOME FROM PORTFOLIO MANAGEMENT SERVICES SUB-SUBACCOUNT 2230020 DEFERRED INCOME FROM INDIVIDUAL PORTFOLIO MANAGEMENT SERVICE (1)

SUB-ACCOUNT 2231 DEFERRED INCOME FROM OWN OPERATIONS SUB-SUBACCOUNT 2231000 DEFERRED INCOME FROM OWN OPERATIONS SUB-SUBACCOUNT 2231010 OTHER DEFERRED INCOME

DEBITS For the application to results of income earned in the accounting period.

CREDITS For the recording of unearned income.

ACCOUNT 224 OBLIGATIONS UNDER FINANCIAL LEASES DESCRIPTION Represents future payments that the company will incur for financial leases.

SUB-ACCOUNT 2240 OBLIGATIONS UNDER FINANCIAL LEASES SUB-SUBACCOUNT 2240000 REAL ESTATE TAKEN UNDER FINANCIAL LEASE SUB-SUBACCOUNT 2240010 FURNITURE AND OFFICE EQUIPMENT TAKEN UNDER FINANCIAL LEASE SUB-SUBACCOUNT 2240020 TRANSPORT EQUIPMENT TAKEN UNDER FINANCIAL LEASE SUB-SUBACCOUNT 2240030 OTHER GOODS TAKEN UNDER FINANCIAL LEASE

DEBITS For the payment of the financial lease.

CREDITS For signing financial lease contracts, in which ownership of the good is substantially transferred.

ACCOUNT 225 ESTIMATE FOR LABOR OBLIGATIONS

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DESCRIPTION In this account, provisions for labor obligations whose payment or settlement will be made in the current or subsequent exercises are recorded.

SUB-ACCOUNT 2250 ESTIMATE FOR LABOR OBLIGATIONS SUB-SUBACCOUNT 2250000 ESTIMATE FOR LABOR OBLIGATIONS

DEBITS For the decrease in provisions at the close of the accounting period.

CREDITS For the constitution of the corresponding provisions for the exercise regarding social benefits and labor obligations. In accordance with the company's labor policy.

ELEMENT 3 EQUITY
DESCRIPTION Represents the owners' participation in the entity's assets. Its amount is determined by the difference between assets and liabilities. It comprises the accumulation of shareholder contributions, including capitalizations of profits, surpluses, and others, of a permanent character, represented by nominal shares duly subscribed; as well as capital reserves, revaluation accumulated results.

ITEM 31 CAPITAL
DESCRIPTION Capital is represented by paid capital and subscribed capital, deducting from the latter subscriptions pending integration, as well as contributions from other institutions under the modality of donations.

ACCOUNT 310 SOCIAL CAPITAL
DESCRIPTION Social capital is represented by paid capital and subscribed capital, deducting from the latter subscriptions pending integration. Paid capital constitutes the accumulation of shareholder contributions, including capitalizations of profits, surpluses, and others, of a permanent character, represented by nominal shares duly subscribed.

SUB-ACCOUNT 3100 MINIMUM SUBSCRIBED CAPITAL
SUB-SUBACCOUNT 3100000 PAID MINIMUM SUBSCRIBED CAPITAL SUB-SUBACCOUNT 3100010 UNPAID MINIMUM SUBSCRIBED CAPITAL

SUB-ACCOUNT 3101 VARIABLE SUBSCRIBED CAPITAL
SUB-SUBACCOUNT 3101000 PAID VARIABLE SUBSCRIBED CAPITAL SUB-SUBACCOUNT 3101010 UNPAID VARIABLE SUBSCRIBED CAPITAL

SUB-ACCOUNT 3102 TREASURY SHARES
SUB-SUBACCOUNT 3102000 TREASURY SHARES

ACCOUNT 311 ADDITIONAL CAPITAL
DESCRIPTION Comprises donations and other similar contributions in favor of the entity.

SUB-ACCOUNT 3110 DONATIONS
SUB-SUBACCOUNT 3110000 DONATIONS

DEBITS For the capitalizations of donations.
For the amounts of capital subscriptions.
For the reduction of CAPITAL duly authorized.

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MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

CREDITS For the amount of initially subscribed CAPITAL and subsequent contributions. For payments made of subscribed CAPITAL. For the capitalization of profits. For the capitalization of reserves. For the capitalization of obligations and others. For RECEIVED DONATIONS.

ITEM 32 CAPITAL RESERVES
DESCRIPTION Comprises legal and mandatory reserves as well as voluntary ones constituted with deductions from accumulated profits for specific purposes, as well as released shares received from other companies by capitalization of revaluation.

ACCOUNT 320 CAPITAL RESERVES
DESCRIPTION In this account, the constitution of the legal reserve is recorded, through deductions from profits in accordance with what is established by legal provisions and other reserves.

SUB-ACCOUNT 3200 LEGAL RESERVE
SUB-SUBACCOUNT 3200000 LEGAL RESERVE

SUB-ACCOUNT 3201 PREMIUM ON SHARE SALE
SUB-SUBACCOUNT 3201000 PREMIUM ON SHARE SALE

DEBITS For the capitalization of the legal reserve.
For the use, as stipulated by the commercial code.

CREDITS For 7% of profits before taxes.

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MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

For the premium in excess of the nominal value in the sale of shares.

ACCOUNT 321 OTHER MANDATORY RESERVES
DESCRIPTION This account records the establishment of reserves through deductions from accumulated earnings as established in the statutes or other provisions. It includes amounts from increases, participations in entities in which the entity exercises control or significant influence, and revaluation.

SUB-ACCOUNT 3210 STATUTORY RESERVES
SUB-SUBACCOUNT 3210000 STATUTORY RESERVES

SUB-ACCOUNT 3211 RESERVES FOR OTHER PROVISIONS SUB-SUBACCOUNT 3211000 RESERVES FOR OTHER PROVISIONS

DEBITS For the capitalization of the reserve or its use.
CREDITS For the segregation of earnings made, in the amount established by the agreement and/or statute.

ACCOUNT 322 VOLUNTARY RESERVES
DESCRIPTION This account records the establishment of reserves through deductions from accumulated earnings as established in board agreements or general shareholder meetings.

SUB-ACCOUNT 3220 VOLUNTARY RESERVES
SUB-SUBACCOUNT 3220000 VOLUNTARY RESERVES

DEBITS For the capitalization of the reserve or its use.
CREDITS For the segregation of earnings made, in the amount established by the agreement.

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RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

ITEM 33 REVALUATIONS
DESCRIPTION Comprises the higher net value assigned to Property, Plant and Equipment, and Investment Properties of the entity, determined as a consequence of revaluation, in accordance with legal provisions and norms issued by the Superintendent of the Financial System (1).

ACCOUNT 330 REAL ESTATE REVALUATIONS
DESCRIPTION This account records the net result of the revaluation of real estate assets of the entity, determined in accordance with the legal provisions referred to in the item description.

SUB-ACCOUNT 3300 REAL ESTATE REVALUATIONS
SUB-SUBACCOUNT 3300000 REAL ESTATE REVALUATIONS

DEBITS For the capitalization of revalued values.
For the realization of revaluations, through the sale of the Real Estate that originated them.

CREDITS For the difference between the historical cost and the real value of the real estate, determined through technical appraisal and prior authorization of the Superintendent of the Financial System. (1)

ACCOUNT 331 FURNITURE REVALUATIONS
DESCRIPTION This account records the net result of the revaluation of movable property assets of the entity, determined in accordance with the legal provisions referred to in the item description.

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MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

SUB-ACCOUNT 3310 FURNITURE REVALUATIONS
SUB-SUBACCOUNT 3310000 FURNITURE REVALUATIONS

DEBITS For the capitalization of revalued values.
For the realization of revaluations, through the sale of the furniture that originated them.

CREDITS For the difference between the historical cost and the real value of the furniture, determined through technical appraisal and prior authorization of the Superintendent of the Financial System. (1)

ACCOUNT 332 INVESTMENT REVALUATIONS
DESCRIPTION This account records the net result of the revaluation of investments held to maturity.

SUB-ACCOUNT 3320 INVESTMENT REVALUATIONS
SUB-SUBACCOUNT 3320000 INVESTMENT REVALUATIONS

SUB-ACCOUNT 3321 AVAILABLE-FOR-SALE FINANCIAL ASSETS SUB-SUBACCOUNT 3321000 AVAILABLE-FOR-SALE FINANCIAL ASSETS

SUB-ACCOUNT 3322 CASH FLOW HEDGE
SUB-SUBACCOUNT 3322000 CASH FLOW HEDGE

SUB-ACCOUNT 3323 NET INVESTMENT HEDGE IN FOREIGN CURRENCY SUB-SUBACCOUNT 3323000 NET INVESTMENT HEDGE IN FOREIGN CURRENCY

DEBITS For the recording of the loss arising from a change in fair value corresponding to an available-for-sale investment. For the realization of revaluations, through the sale of the investment that originated it. For devaluations credited to the available-for-sale account up to the limit of the constituted revaluation. For upward fluctuations in fair value with respect to the initial or previously measured value, crediting the difference between the fair value and said previous measurement, in the following ineffective hedge accounts. For downward fluctuations in fair value with respect to the initial or previously measured value, crediting the difference between the previous measurement and the current fair value. For upward fluctuations in fair value with respect to the initial or previously measured value, crediting the difference between the fair value and said previous measurement, in the following Net Investment Hedge in Foreign Currency ineffective hedge; For downward fluctuations in fair value with respect to the initial or previously measured value, crediting the difference between the previous measurement and the current fair value.

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RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

CREDITS For the recording of the gain arising from a change in fair value corresponding to an available-for-sale investment. For the amount of revaluations, debiting Account 1132 Investments available for sale. For upward fluctuations in fair value with respect to the initial or previously measured value, debiting the difference between the fair value and said previous measurement. For downward fluctuations in fair value with respect to the initial or previously measured value, debiting the difference between the previous measurement and the current fair value, in the following Cash Flow Hedge ineffective hedge portion; From Equity 2190020 Net Investment Hedge in Foreign Currency. For upward fluctuations in fair value with respect to the initial or previously measured value, debiting the difference between the fair value and said previous measurement. For downward fluctuations in fair value with respect to the initial or previously measured value, debiting the difference between the previous measurement and the current fair value, in the following Net Investment Hedge in Foreign Currency ineffective hedge.

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RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

ACCOUNT 333 LONG-TERM ASSETS HELD FOR SALE REVALUATIONS DESCRIPTION This account includes the amount of income and expenses recognized directly in net equity and relating to long-term assets and liabilities classified as held for sale.

SUB-ACCOUNT 3330 LONG-TERM ASSETS HELD FOR SALE REVALUATIONS SUB-SUBACCOUNT 3330000 LONG-TERM ASSETS HELD FOR SALE REVALUATIONS

DEBITS For the recognition of losses accrued from devaluations with credit to Asset Account 1270 Long-term Assets Held for Sale. For the alienation of the asset referred to, crediting Long-term Assets Held for Sale.

CREDITS For the recognition of income accrued from revaluations with debit to Long-term Assets Held for Sale.

ITEM 34 RESULTS
DESCRIPTION Comprises results accumulated to the reporting period that have not been distributed or applied. It includes undistributed profits and/or accumulated losses and those of the current exercise.

ACCOUNT 340 ACCUMULATED RESULTS FROM PREVIOUS YEARS

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RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

DESCRIPTION Comprises results accumulated to the reporting period that have not been distributed or applied. It includes undistributed profits and/or accumulated losses.

SUB-ACCOUNT 3400 ACCUMULATED PROFIT FROM PREVIOUS YEARS SUB-SUBACCOUNT 3400000 PROFIT TO BE APPLIED

SUB-ACCOUNT 3401 ACCUMULATED LOSS FROM PREVIOUS YEARS SUB-SUBACCOUNT 3401000 ACCUMULATED LOSS FROM PREVIOUS YEARS

DEBITS For non-distributable profits crediting Accounts 3500.
For their application to Reserve and/or Dividends Payable accounts as appropriate. For the application of accumulated profits. For exercise losses incorporated at the start of the following exercise.

CREDITS For positive results of the exercise debiting the Account.
It is credited when non-distributable profits pass to the category of distributable ones. For exercise profit incorporated at the start of the following exercise. For the reduction of accumulated loss.

ACCOUNT 341 CURRENT EXERCISE RESULTS

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MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

DESCRIPTION Comprises the result obtained by the entity at the end of the accounting period or upon completion of the exercise, arising from the income statement, determined by the accumulation of debtor and creditor balances of the accounts constituting Expenses and Incomes respectively.

SUB-ACCOUNT 3410 EXERCISE PROFIT
SUB-SUBACCOUNT 3410000 EXERCISE PROFIT

SUB-ACCOUNT 3411 EXERCISE LOSS
SUB-SUBACCOUNT 3411000 EXERCISE LOSS

DEBITS For the exercise loss arising from the income statement.
For the transfer of exercise profit to ACCUMULATED RESULTS at the start of the following exercise.

CREDITS For the transfer of exercise losses to ACCUMULATED RESULTS at the start of the following exercise. For the exercise profit arising from the income statement.

ITEM 35 RESTRICTED EQUITY
DESCRIPTION

ACCOUNT 350 RESTRICTED EQUITY
DESCRIPTION This account collects non-distributable earnings different from those recorded in the headings mentioned below.

SUB-ACCOUNT 3500 RESTRICTED EQUITY
SUB-SUBACCOUNT 3500000 NON-DISTRIBUTABLE EARNINGS SUB-SUBACCOUNT 3500010 DONATIONS

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RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

SUB-SUBACCOUNT 3500020 INVESTMENTS HELD FOR TRADING SUB-SUBACCOUNT 3500030 ACCRUED UNCOLLECTED INCOME SUB-SUBACCOUNT 3500040 OTHERS

DEBITS When considered distributable crediting the previous years' earnings account. When the asset to which this affects is alienated or written off.

CREDITS For the amount the entity considers non-distributable debiting the previous years' earnings account. For the amount of the donation, with debit to the corresponding Asset Account depending on the nature of the donation received, whether cash or other fixed asset accounts in case of tangible goods. It will be credited at the end of the exercise for the aforementioned balance debiting the "to be applied" account for the net balance, if it results as a creditor, of the mentioned accounts. It will be credited for the retention of earnings, with debit to the "to be applied" account.

ITEM 36 SHARE-BASED PAYMENT OPTIONS

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MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

DESCRIPTION This account includes transactions originating from operations where the entity acquires goods or services with share-based payments, which will be settled by delivering equity instruments or by the option to settle them either in cash or by issuing equity instruments. In transactions with share-based payments settled through equity instruments, the entity will value the goods or services received, as well as the corresponding increase in net equity, directly at the fair value of the goods or services received, unless such value cannot be measured reliably.

ACCOUNT 360 SHARE-BASED PAYMENT OPTIONS
SUB-ACCOUNT 3600 SHARE-BASED PAYMENT OPTIONS
SUB-SUBACCOUNT 3600000 SHARE-BASED PAYMENT OPTIONS

CREDITS For the fair value of the goods or services, debiting the following accounts:
When dealing with employee benefits, the Results account within the Expense accounts in Account 4125 "Miscellaneous Expenses" will be debited. When dealing with the acquisition of a good or asset, the corresponding Asset Account will be debited.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

When dealing with the contracting of a service, the Results account within the Expense Account corresponding to the contracted service will be debited. In transactions with share-based payments where the terms of the agreement provide the bank or the other party with the option for the entity to settle the transaction in cash (or other assets) or by issuing equity instruments, the entity will account for that transaction, or its components, as a share-based payment transaction to be settled in cash if, and to the extent that, the entity has incurred a liability to settle the cash or other assets, or as a share-based payment transaction to be settled with equity instruments if, and to the extent that, it has not incurred a liability.

ELEMENT 4 EXPENSES
DESCRIPTION Groups the accounts that accumulate operating expenses, financial expenses, as well as provisions for uncollectibility and depreciation of investments, depreciation and impairment of Property, Plant and Equipment, and amortizations of expenses, personnel and administrative expenses, extraordinary expenses, incurred by the entity during the exercise, which will be recorded as they are realized or occur, disregarding the date and method of payment.

In the case of expenses attributable to non-taxable income under the Income Tax Law, a subsidiary report must be kept detailing:
Such separation will be carried out to associate non-taxable income with its corresponding expenses in accordance with Article 32 of the Regulations of the Income Tax Law, second paragraph, and what is provided in Article 28, second paragraph of the Income Tax Law.

ITEM 41 OPERATING EXPENSES
DESCRIPTION Comprises expenses incurred in the period resulting from services provided to third parties through stock market operations, portfolio administration, advisory and registration services, collections, and foreign currency exchange; as well as various operating expenses related to the entity's activities, which are recorded disregarding the date and method of payment.

ACCOUNT 410 OPERATING EXPENSES FOR STOCK MARKET SERVICES DESCRIPTION This account records operating expenses incurred, related to stock market service operations provided by the entity to third parties, as well as discounts granted.

SUB-ACCOUNT 4100 PLACEMENT EXPENSES
SUB-SUBACCOUNT 4100000 PRIMARY MARKET PLACEMENT EXPENSES SUB-SUBACCOUNT 4100010 SECONDARY MARKET PLACEMENT EXPENSES

SUB-ACCOUNT 4101 OPERATING EXPENSES FOR STOCK MARKET SERVICES SUB-SUBACCOUNT 4101000 REGISTRATION SERVICES OPERATING EXPENSES SUB-SUBACCOUNT 4101010 ADVISORY SERVICES OPERATING EXPENSES SUB-SUBACCOUNT 4101020 STOCK EXCHANGE COMMISSION EXPENSES

SUB-ACCOUNT 4102 OPERATING EXPENSES FOR COLLECTION SERVICES SUB-SUBACCOUNT 4102000 COLLECTION SERVICES EXPENSES SUB-SUBACCOUNT 4102010 YIELD COLLECTION SERVICES EXPENSES

SUB-ACCOUNT 4103 OTHER OPERATING EXPENSES
DESCRIPTION Represents the set of disbursements that the house makes in its intermediary operations on behalf of third parties, which can be attributed and applied to stock market operating income.

SUB-SUBACCOUNT 4103000 CORRESPONDENCY COMMISSION EXPENSES SUB-SUBACCOUNT 4103010 TRANSFER COMMISSION EXPENSES SUB-SUBACCOUNT 4103020 TRANSFER COMMISSION EXPENSES SUB-SUBACCOUNT 4103030 OTHER SERVICES EXPENSES

SUB-ACCOUNT 4104 EXPENSES FOR TRANSACTIONS WITH FOREIGN SECURITIES SUB-SUBACCOUNT 4104000 FINANCIAL INFORMATION SERVICES EXPENSES SUB-SUBACCOUNT 4104010 STOCK MARKET TRAINING

SUB-ACCOUNT 4105 DISCOUNT ON TITLE PURCHASE
SUB-SUBACCOUNT 4105000 DISCOUNT ON TITLE PURCHASE

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MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

DEBITS For payments of miscellaneous management expenses related to the segment of operations for services provided by the entity to third parties. For estimates of miscellaneous expenses accrued in the exercise, related to the operations and activities performed by the entity.

CREDITS For external items and adjustments specific to the accounting period.

ACCOUNT 411 OPERATING EXPENSES FOR PORTFOLIO ADMINISTRATION SERVICES DESCRIPTION This account records management expenses incurred, related to portfolio administration service operations provided by the entity to third parties. Common expenses for stock market operations and portfolio administration operations must be separated based on a systematic and rational method. If opting not to separate them, the expense must be attributed to stock market operation expenses and not to portfolio administration.

SUB-ACCOUNT 4110 OPERATING EXPENSES FOR PORTFOLIO ADMINISTRATION SERVICES SUB-SUBACCOUNT 4110000 SURVEILLANCE AND PROTECTION SERVICES SUB-SUBACCOUNT 4110010 TRANSPORT SERVICES SUB-SUBACCOUNT 4110020 COMMUNICATION SERVICES SUB-SUBACCOUNT 4110030 SECURITIES CUSTODY SERVICES SUB-SUBACCOUNT 4110040 IT SERVICES SUB-SUBACCOUNT 4110050 PROFESSIONAL FEES SUB-SUBACCOUNT 4110060 PRINTING SERVICES SUB-SUBACCOUNT 4110070 ELECTRICITY AND WATER SERVICES SUB-SUBACCOUNT 4110080 ADVERTISING SERVICES

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SUB-SUBACCOUNT 4110090 CLEANING AND FUMIGATION SERVICES SUB-SUBACCOUNT 4110100 OFFICE MAINTENANCE SERVICES SUB-SUBACCOUNT 4110110 VEHICLE MAINTENANCE SERVICES SUB-SUBACCOUNT 4110120 FURNITURE AND EQUIPMENT MAINTENANCE SERVICES SUB-SUBACCOUNT 4110130 PER DIEMS SUB-SUBACCOUNT 4110140 SUBSCRIPTIONS SUB-SUBACCOUNT 4110150 FUELS AND LUBRICANTS SUB-SUBACCOUNT 4110160 CERTIFICATIONS SUB-SUBACCOUNT 4110170 OTHER SERVICE EXPENSES

CREDITS For external items and adjustments specific to the accounting period.

SUB-ACCOUNT 4111 PORTFOLIO ADMINISTRATION PERSONNEL EXPENSES DESCRIPTION Under this account, all disbursements of personnel directly linked to portfolio administration will be credited.

SUB-SUBACCOUNT 4111000 SALARIES AND WAGES OF PORTFOLIO ADMINISTRATION STAFF SUB-SUBACCOUNT 4111010 COMMISSIONS TO PORTFOLIO ADMINISTRATION AGENTS SUB-SUBACCOUNT 4111020 OVERTIME OF PORTFOLIO ADMINISTRATION STAFF SUB-SUBACCOUNT 4111030 BONUS AND GRATIFICATIONS SUB-SUBACCOUNT 4111040 VACATIONS SUB-SUBACCOUNT 4111050 UNIFORMS

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SUB-SUBACCOUNT 4111060 TRAINING
SUB-SUBACCOUNT 4111070 SOCIAL BENEFITS
SUB-SUBACCOUNT 4111080 INSURANCE FOR STAFF
SUB-SUBACCOUNT 4111090 INDEMNITIES
SUB-SUBACCOUNT 4111100 SOCIAL BENEFITS
SUB-SUBACCOUNT 4111110 LABOR OBLIGATIONS
SUB-SUBACCOUNT 4111120 OTHER STAFF BENEFITS

SUB-ACCOUNT 4112 PORTFOLIO ADMINISTRATION MANAGEMENT EXPENSES DESCRIPTION Under these accounts, disbursements of management directly linked to portfolio administration services will be credited.

SUB-SUBACCOUNT 4112000 ALLOWANCES
SUB-SUBACCOUNT 4112010 REMUNERATIONS AND SALARIES SUB-SUBACCOUNT 4112020 ENTERTAINMENT AND REPRESENTATION SUB-SUBACCOUNT 4112030 OTHER BOARD EXPENSES

SUB-ACCOUNT 4113 INSURANCE EXPENSES FOR PORTFOLIO ADMINISTRATION DESCRIPTION This account will record all insurance policies contracted by the house directly associated with the portfolio administration service.

SUB-SUBACCOUNT 4113000 INSURANCE ON MONEY AND SECURITIES SUB-SUBACCOUNT 4113010 INSURANCE FOR PROPERTY, PLANT AND EQUIPMENT ASSETS SUB-SUBACCOUNT 4113020 INSURANCE FOR DISHONESTY SUB-SUBACCOUNT 4113030 OTHER INSURANCES

SUB-ACCOUNT 4114 MISCELLANEOUS EXPENSES ASSOCIATED WITH PORTFOLIO ADMINISTRATION

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DESCRIPTION Under this account, all disbursements for miscellaneous expenses directly linked to portfolio administration will be recorded.

SUB-SUBACCOUNT 4114000 PROPERTY RENTALS
SUB-SUBACCOUNT 4114010 LEASE OF USE GOODS
SUB-SUBACCOUNT 4114020 STATIONERY AND OFFICE SUPPLIES SUB-SUBACCOUNT 4114030 MATERIALS AND CLEANING SUPPLIES SUB-SUBACCOUNT 4114040 FINES AND PENALTIES SUB-SUBACCOUNT 4114050 OTHER MISCELLANEOUS EXPENSES

DEBITS For the gross amount of remuneration in favor of staff and for the total amount of contributions accrued on behalf of the company that fall upon such remuneration. Directly associated with the portfolio administration service. For estimates of expenses accrued in the accounting period directly associated with the portfolio administration service. For the amount of expenses for the different concepts incurred by the board providing services to the portfolio administration activity.

CREDITS For external items and adjustments of the accounting period associated with portfolio administration.

ACCOUNT 412 GENERAL ADMINISTRATIVE EXPENSES AND STOCK MARKET OPERATIONS PERSONNEL EXPENSES DESCRIPTION Comprises expenses incurred, provisions made, and others that are recorded on an accumulative basis, disregarding the date and method of payment, such as

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 as personnel expenses, third-party services, expenses for insurance, taxes and contributions and various management charges. Incurred by the stock services provided. When an expense is incurred in
part by the portfolio management service
the stock operations service and individual portfolio administration this must be distributed through a systematic and rational method, if such separation is not made, the expense must be imputed to the stock service, as it is the primary activity of the brokerage house. (1) It will also include the expenses incurred by carrying out the activity of marketing shares of participation of Local Open Investment Funds as well as Foreign ones. (3) SUB-ACCOUNT 412 PERSONNEL EXPENSES SUB-SUBACCOUNT 4120000 SALARIES AND WAGES OF STAFF SUB-SUBACCOUNT 4120010 COMMISSIONS TO BROKER AGENTS SUB-SUBACCOUNT 4120020 OVERTIME HOURS SUB-SUBACCOUNT 4120030 HOLIDAY BONUSES AND ALLOWANCES SUB-SUBACCOUNT 4120040 VACATIONS SUB-SUBACCOUNT 4120050 UNIFORMS SUB-SUBACCOUNT 4120060 TRAINING SUB-SUBACCOUNT 4120070 SOCIAL BENEFITS SUB-SUBACCOUNT 4120080 INSURANCE FOR STAFF SUB-SUBACCOUNT 4120090 INDEMNITIES SUB-SUBACCOUNT 4120100 SOCIAL BENEFITS SUB-SUBACCOUNT 4120110 LABOR OBLIGATIONS SUB-SUBACCOUNT 4120120 OTHER STAFF BENEFITS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-ACCOUNT 4121 BOARD EXPENSES SUB-SUBACCOUNT 4121000 PER DIEMS SUB-SUBACCOUNT 4121010 REMUNERATIONS AND SALARIES SUB-SUBACCOUNT 4121020 ENTERTAINMENT AND REPRESENTATION SUB-SUBACCOUNT 4121030 OTHER BOARD EXPENSES SUB-ACCOUNT 4122 EXPENSES FOR SERVICES RECEIVED FROM THIRD PARTIES SUB-SUBACCOUNT 4122000 SECURITY AND PROTECTION SERVICES SUB-SUBACCOUNT 4122010 TRANSPORT SERVICES SUB-SUBACCOUNT 4122020 COMMUNICATION SERVICES SUB-SUBACCOUNT 4122030 SECURITIES CUSTODY SERVICES SUB-SUBACCOUNT 4122040 IT SERVICES SUB-SUBACCOUNT 4122050 PROFESSIONAL FEES SUB-SUBACCOUNT 4122060 PRINTING SERVICES SUB-SUBACCOUNT 4122070 ELECTRICITY AND WATER SERVICES SUB-SUBACCOUNT 4122080 EXTERNAL AUDIT SUB-SUBACCOUNT 4122090 ADVERTISING SERVICES SUB-SUBACCOUNT 4122100 CLEANING AND FUMIGATION SERVICES SUB-SUBACCOUNT 4122110 OFFICE MAINTENANCE SERVICES SUB-SUBACCOUNT 4122120 VEHICLE MAINTENANCE SERVICES SUB-SUBACCOUNT 4122130 FURNITURE AND EQUIPMENT MAINTENANCE SERVICES SUB-SUBACCOUNT 4122140 TRAVEL ALLOWANCES SUB-SUBACCOUNT 4122150 SUBSCRIPTIONS SUB-SUBACCOUNT 4122160 FUELS AND LUBRICANTS SUB-SUBACCOUNT 4122170 CERTIFICATIONS SUB-SUBACCOUNT 4122180 OTHER SERVICE EXPENSES SUB-ACCOUNT 4123 INSURANCE EXPENSES SUB-SUBACCOUNT 4123000 INSURANCE ON MONEY AND SECURITIES SUB-SUBACCOUNT 4123010 INSURANCE FOR PROPERTY, PLANT AND EQUIPMENT ASSETS SUB-SUBACCOUNT 4123020 INSURANCE FOR DISHONESTY

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-SUBACCOUNT 4123030 OTHER INSURANCES SUB-ACCOUNT 4124 TAXES AND CONTRIBUTIONS SUB-SUBACCOUNT 4124000 MUNICIPAL TAXES SUB-SUBACCOUNT 4124010 CONTRIBUTIONS FOR OVERSIGHT BY THE SUPERINTENDENCY OF THE FINANCIAL SYSTEM (1) SUB-SUBACCOUNT 4124020 OTHER TAXES AND CONTRIBUTIONS SUB-SUBACCOUNT 4124030 STOCK EXCHANGE CONTRIBUTIONS SUB-SUBACCOUNT 4124040 ACABOLSA CONTRIBUTIONS SUB-ACCOUNT 4125 MISCELLANEOUS EXPENSES SUB-SUBACCOUNT 4125000 RENTALS OF GOODS SUB-SUBACCOUNT 4125010 LEASE OF USEFUL GOODS SUB-SUBACCOUNT 4125020 STATIONERY AND OFFICE SUPPLIES SUB-SUBACCOUNT 4125030 CLEANING MATERIALS AND SUPPLIES SUB-SUBACCOUNT 4125040 FINES AND PENALTIES SUB-SUBACCOUNT 4125050 OTHER MISCELLANEOUS EXPENSES SUB-ACCOUNT 4126 EXPENSES FOR MARKETING SHARES OF PARTICIPATION OF OPEN INVESTMENT FUNDS(3) SUB-SUBACCOUNT 4126000 EXPENSES FOR MARKETING SHARES OF PARTICIPATION OF LOCAL OPEN INVESTMENT FUNDS (3) SUB-SUBACCOUNT 4126010 EXPENSES FOR MARKETING SHARES OF PARTICIPATION OF FOREIGN OPEN INVESTMENT FUNDS (3) SUB-SUBACCOUNT 4126020 OTHERS (3)

CHARGES By the gross amount of remuneration payable to staff and by the total amount of contributions accrued on behalf of the company that fall upon such remunerations.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 For estimates of expenses incurred in the accounting period. For the amount of expenses for various concepts incurred by the board.

For the amount of expenses for marketing shares of participation of Open Investment Funds, both Local and Foreign. (3)

CREDITS By external items and adjustments of the accounting period.

ACCOUNT 413 EXPENSES FOR DEPRECIATION, AMORTIZATION AND IMPAIRMENT FROM CURRENT OPERATIONS DESCRIPTION Includes charges for depreciation and devaluation due to obsolescence and wear of Property, Plant and Equipment, as well as the amortization of expenses determined by the entity at the close of each accounting period. SUB-ACCOUNT 4130 DEPRECIATION OF REAL ESTATE SUB-SUBACCOUNT 4130000 DEPRECIATION OF BUILDINGS SUB-SUBACCOUNT 4130010 DEPRECIATION OF INSTALLATIONS SUB-SUBACCOUNT 4130020 DEPRECIATION OF GOODS UNDER FINANCIAL LEASE SUB-ACCOUNT 4131 DEPRECIATION OF MOVABLE PROPERTY SUB-SUBACCOUNT 4131000 DEPRECIATION OF FURNITURE AND EQUIPMENT SUB-SUBACCOUNT 4131010 DEPRECIATION OF TRANSPORT EQUIPMENT SUB-SUBACCOUNT 4131020 DEPRECIATION OF OTHER USEFUL GOODS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-SUBACCOUNT 4131030 DEPRECIATION OF INSTALLATIONS AND IMPROVEMENTS IN PROPERTIES TAKEN UNDER LEASE SUB-SUBACCOUNT 4131040 DEPRECIATION OF SECURITY EQUIPMENT SUB-SUBACCOUNT 4131050 DEPRECIATION OF COMMUNICATIONS EQUIPMENT SUB-ACCOUNT 4132 AMORTIZATION OF INTANGIBLE ASSETS SUB-SUBACCOUNT 4132000 AMORTIZATION OF STOCK EXCHANGE SEAT SUB-SUBACCOUNT 4132010 AMORTIZATION OF LICENSES AND CONCESSIONS SUB-SUBACCOUNT 4132020 AMORTIZATION OF SOFTWARE PROGRAMS SUB-SUBACCOUNT 4132030 AMORTIZATION OF FRANCHISES SUB-SUBACCOUNT 4132040 AMORTIZATION OF WEBSITES SUB-SUBACCOUNT 4132050 AMORTIZATION OF OTHER INTANGIBLES SUB-ACCOUNT 4133 LOSS FROM IMPAIRMENT OF ASSET VALUE DESCRIPTION These accounts record the impairment of non-current assets due to extraordinary causes different from those of depreciation due to normal use and the passage of time and differences in changes in fair value. SUB-SUBACCOUNT 4133000 IMPAIRMENT OF BUILDINGS SUB-SUBACCOUNT 4133010 IMPAIRMENT OF INSTALLATIONS SUB-SUBACCOUNT 4133020 IMPAIRMENT OF FURNITURE AND EQUIPMENT SUB-SUBACCOUNT 4133030 IMPAIRMENT OF TRANSPORT EQUIPMENT SUB-SUBACCOUNT 4133040 IMPAIRMENT OF OTHER USEFUL GOODS SUB-SUBACCOUNT 4133050 IMPAIRMENT OF INSTALLATIONS AND IMPROVEMENTS IN PROPERTIES TAKEN UNDER LEASE SUB-SUBACCOUNT 4133060 IMPAIRMENT OF SECURITY EQUIPMENT SUB-SUBACCOUNT 4133070 IMPAIRMENT OF COMMUNICATIONS EQUIPMENT SUB-SUBACCOUNT 4133080 IMPAIRMENT OF STOCK EXCHANGE SEATS SUB-SUBACCOUNT 4133090 IMPAIRMENT OF LICENSES AND CONCESSIONS SUB-SUBACCOUNT 4133100 IMPAIRMENT OF SOFTWARE PROGRAMS SUB-SUBACCOUNT 4133110 IMPAIRMENT OF FRANCHISES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-SUBACCOUNT 4133120 IMPAIRMENT OF WEBSITES SUB-SUBACCOUNT 4133130 IMPAIRMENT OF OTHER INTANGIBLES SUB-SUBACCOUNT 4133140 IMPAIRMENT OF ASSETS UNDER FINANCIAL LEASE SUB-SUBACCOUNT 4133150 IMPAIRMENT OF LONG-TERM ASSETS AND LIABILITIES HELD FOR SALE CHARGES By the amount exceeding the book value with respect to the recoverable amount, with credit to the corresponding asset accounts. CREDITS By adjustments specific to the accounting period. ACCOUNT 414 EXPENSES FOR DEPRECIATION OF PROPERTY, PLANT AND EQUIPMENT IMPUTED TO PORTFOLIO DESCRIPTION Under this account, the depreciations of all goods used to provide the portfolio management service will be recorded. SUB-ACCOUNT 4140 DEPRECIATION OF REAL ESTATE SUB-SUBACCOUNT 4140000 DEPRECIATION OF BUILDINGS SUB-SUBACCOUNT 4140010 DEPRECIATION OF INSTALLATIONS SUB-SUBACCOUNT 4140020 DEPRECIATION OF GOODS UNDER FINANCIAL LEASE SUB-ACCOUNT 4141 DEPRECIATION OF MOVABLE PROPERTY SUB-SUBACCOUNT 4141000 DEPRECIATION OF FURNITURE AND EQUIPMENT SUB-SUBACCOUNT 4141010 DEPRECIATION OF TRANSPORT EQUIPMENT SUB-SUBACCOUNT 4141020 DEPRECIATION OF OTHER USEFUL GOODS SUB-SUBACCOUNT 4141030 DEPRECIATION OF INSTALLATIONS AND IMPROVEMENTS IN PROPERTIES TAKEN UNDER LEASE SUB-SUBACCOUNT 4141040 DEPRECIATION OF SECURITY EQUIPMENT SUB-SUBACCOUNT 4141050 DEPRECIATION OF COMMUNICATIONS EQUIPMENT SUB-ACCOUNT 4142 AMORTIZATION OF INTANGIBLE ASSETS IMPUTED TO PORTFOLIO

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-SUBACCOUNT 4142000 AMORTIZATION OF SOFTWARE PROGRAMS CHARGES By the charge for the adjustment of the depreciation of Property, Plant and Equipment, at the close of each accounting period. Directly associated with portfolio management. By the charge for the amortization of expenses at the close of each accounting period, directly associated with the portfolio management service. CREDITS By external items and adjustments of the accounting period. Directly associated with the portfolio management service. ACCOUNT 415 DEVALUATION OF LONG-TERM ASSETS HELD FOR SALE DESCRIPTION SUB-ACCOUNT 4150 DEVALUATION OF LONG-TERM ASSETS HELD FOR SALE SUB-SUBACCOUNT 4150000 INVESTMENTS IN SUBSIDIARIES SUB-SUBACCOUNT 4150010 INVESTMENTS IN ASSOCIATES SUB-SUBACCOUNT 4150020 INVESTMENTS IN JOINT VENTURES SUB-SUBACCOUNT 4150030 ASSETS IN DISCONTINUATION SUB-SUBACCOUNT 4150040 PROPERTY, PLANT AND EQUIPMENT SUB-SUBACCOUNT 4150050 INTANGIBLE ASSETS SUB-SUBACCOUNT 4150060 ASSETS RECEIVED UNDER FINANCIAL LEASE SUB-SUBACCOUNT 4150070 GOODS RECEIVED IN PAYMENT OR AWARDED CHARGES With the value of losses from the devaluation of these assets, at the close of each accounting period. By the losses from the devaluation of these assets, at the close of each accounting period. CREDITS By adjustments specific to the accounting period.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 ACCOUNT

416 OPERATING EXPENSES FOR INDIVIDUAL PORTFOLIO ADMINISTRATION SERVICE (1) DESCRIPTION In this account, management expenses related to individual portfolio administration services provided by the entity on behalf of third parties are recorded. Expenses common to securities operations and to securities operations and to individual portfolio administration operations must be separated based on a systematic and rational method. If the option is taken not to separate them, the expense must be imputed to securities operation expenses and not to individual portfolio administration. (1) SUB-ACCOUNT

4160 OPERATING EXPENSES FOR PORTFOLIO ADMINISTRATION SERVICE (1) SUB-SUBACCOUNT 4160000 SECURITY AND PROTECTION SERVICES (1) SUB-SUBACCOUNT 4160010 TRANSPORT SERVICES (1) SUB-SUBACCOUNT 4160020 COMMUNICATION SERVICES (1) SUB-SUBACCOUNT 4160030 SECURITIES CUSTODY SERVICES (1) SUB-SUBACCOUNT 4160040 IT SERVICES (1) SUB-SUBACCOUNT 4160050 PROFESSIONAL FEES (1) SUB-SUBACCOUNT 4160060 PRINTING SERVICES (1) SUB-SUBACCOUNT 4160070 ELECTRICITY AND WATER SERVICES (1) SUB-SUBACCOUNT 4160080 ADVERTISING SERVICES (1) SUB-SUBACCOUNT 4160090 CLEANING AND FUMIGATION SERVICES (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-SUBACCOUNT 4160100 OFFICE MAINTENANCE SERVICES (1) SUB-SUBACCOUNT 4160110 VEHICLE MAINTENANCE SERVICES (1) SUB-SUBACCOUNT 4160120 FURNITURE AND EQUIPMENT MAINTENANCE SERVICES (1) SUB-SUBACCOUNT 4160130 TRAVEL ALLOWANCES (1) SUB-SUBACCOUNT 4160140 SUBSCRIPTIONS (1) SUB-SUBACCOUNT 4160150 FUELS AND LUBRICANTS (1) SUB-SUBACCOUNT 4160160 CERTIFICATIONS (1) SUB-SUBACCOUNT 4160170 OTHER SERVICE EXPENSES (1) CHARGES By payments of miscellaneous management expenses related to individual portfolio administration with the segment of operations for services provided by the entity on behalf of third parties. (1) By estimates of miscellaneous expenses accrued in the fiscal year, related to the operations and activities carried out by the entity. (1) CREDITS By external items and adjustments specific to the accounting period. (1) SUB-ACCOUNT 4161 PERSONNEL EXPENSES FOR INDIVIDUAL PORTFOLIO ADMINISTRATION (1) DESCRIPTION Under this sub-account, all staff expenditures directly linked to individual portfolio administration are credited. (1) SUB-SUBACCOUNT 4161000 SALARIES AND WAGES OF STAFF FOR INDIVIDUAL PORTFOLIO ADMINISTRATION (1) SUB-SUBACCOUNT 4161010 COMMISSIONS TO AGENTS FOR INDIVIDUAL PORTFOLIO ADMINISTRATION (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-SUBACCOUNT 4161020 OVERTIME HOURS OF STAFF FOR INDIVIDUAL PORTFOLIO ADMINISTRATION (1) SUB-SUBACCOUNT 4161030 HOLIDAY BONUSES AND ALLOWANCES (1) SUB-SUBACCOUNT 4161040 VACATIONS (1) SUB-SUBACCOUNT 4161050 UNIFORMS (1) SUB-SUBACCOUNT 4161060 TRAINING (1) SUB-SUBACCOUNT 4161070 SOCIAL BENEFITS (1) SUB-SUBACCOUNT 4161080 INSURANCE FOR STAFF (1) SUB-SUBACCOUNT 4161090 INDEMNITIES (1) SUB-SUBACCOUNT 4161100 SOCIAL BENEFITS (1) SUB-SUBACCOUNT 4161110 LABOR OBLIGATIONS (1) SUB-SUBACCOUNT 4161120 OTHER STAFF BENEFITS (1) SUB-ACCOUNT 4162 MANAGEMENT EXPENSES FOR INDIVIDUAL PORTFOLIO ADMINISTRATION (1) DESCRIPTION

Under these accounts, expenditures of the management directly linked to individual portfolio administration services will be credited. (1) SUB-SUBACCOUNT 4162000 PER DIEMS (1) SUB-SUBACCOUNT 4162010 REMUNERATIONS AND SALARIES (1) SUB-SUBACCOUNT 4162020 ENTERTAINMENT AND REPRESENTATION (1) SUB-SUBACCOUNT 4162030 OTHER BOARD EXPENSES (1) SUB-ACCOUNT 4163 INSURANCE EXPENSES FOR INDIVIDUAL PORTFOLIO ADMINISTRATION (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 DESCRIPTION

This sub-account will record all insurance that the brokerage house contracts directly associated with the individual portfolio administration service. (1) SUB-SUBACCOUNT 4163000 INSURANCE ON MONEY AND SECURITIES (1) SUB-SUBACCOUNT 4163010 INSURANCE FOR PROPERTY, PLANT AND EQUIPMENT ASSETS (1) SUB-SUBACCOUNT 4163020 INSURANCE FOR DISHONESTY (1) SUB-SUBACCOUNT 4163030 OTHER INSURANCES (1) SUB-ACCOUNT 4164 MISCELLANEOUS EXPENSES ASSOCIATED WITH INDIVIDUAL PORTFOLIO ADMINISTRATION (1) DESCRIPTION

Under this sub-account, all expenditures for miscellaneous expenses directly linked to individual portfolio administration will be recorded. (1) SUB-SUBACCOUNT 4164000 RENTALS OF GOODS (1) SUB-SUBACCOUNT 4164010 LEASE OF USEFUL GOODS (1) SUB-SUBACCOUNT 4164020 STATIONERY AND OFFICE SUPPLIES (1) SUB-SUBACCOUNT 4164030 CLEANING MATERIALS AND SUPPLIES (1) SUB-SUBACCOUNT 4164040 FINES AND PENALTIES (1) SUB-SUBACCOUNT 4164050 OTHER MISCELLANEOUS EXPENSES (1) CHARGES By the gross amount of remunerations payable to staff and by the total amount of contributions accrued on behalf of the company that fall upon such remunerations. Directly associated with individual portfolio administration. (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 By estimates of expenses accrued in the accounting period directly associated with the individual portfolio administration service. (1) By the amount of expenses for various concepts incurred by the board that provides its services to the activity of individual portfolio administration. (1) CREDIT By external items and adjustments of the accounting period associated with individual portfolio administration. (1) ACCOUNT 417 EXPENSES FOR DEPRECIATION OF PROPERTY, PLANT AND EQUIPMENT IMPUTED TO INDIVIDUAL PORTFOLIO ADMINISTRATION (1) DESCRIPTION Under this account, the depreciations of all goods used to provide the individual portfolio administration service will be recorded. (1) SUB-ACCOUNT 4170 DEPRECIATION OF REAL ESTATE (1) SUB-SUBACCOUNT 4170000 DEPRECIATION OF BUILDINGS (1) SUB-SUBACCOUNT 4170010 DEPRECIATION OF INSTALLATIONS (1) SUB-SUBACCOUNT 4170020 DEPRECIATION OF GOODS UNDER FINANCIAL LEASE (1) SUB-ACCOUNT 4171 DEPRECIATION OF MOVABLE PROPERTY (1) SUB-SUBACCOUNT 4171000 DEPRECIATION OF FURNITURE AND EQUIPMENT (1) SUB-SUBACCOUNT 4171010 DEPRECIATION OF TRANSPORT EQUIPMENT (1) SUB-SUBACCOUNT 4171020 DEPRECIATION OF OTHER USEFUL GOODS (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-SUBACCOUNT 4171030 DEPRECIATION OF INSTALLATIONS AND IMPROVEMENTS IN PROPERTIES TAKEN UNDER LEASE (1) SUB-SUBACCOUNT 4171040 DEPRECIATION OF SECURITY EQUIPMENT (1) SUB-SUBACCOUNT 4171050 DEPRECIATION OF COMMUNICATIONS EQUIPMENT (1) SUB-ACCOUNT 4172 AMORTIZATION OF INTANGIBLE ASSETS IMPUTED TO INDIVIDUAL PORTFOLIO ADMINISTRATION (1) SUB-SUBACCOUNT 4172000 AMORTIZATION OF SOFTWARE PROGRAMS (1) CHARGES By the charge for the adjustment of depreciation of Property, Plant and Equipment, at the close of each accounting period. Directly associated with individual portfolio administration. (1) By the charge for the amortization of expenses at the close of each accounting period, directly associated with the individual portfolio administration service. (1) CREDITS By external items and adjustments of the accounting period. Directly associated with the individual portfolio administration service. (1) ITEM 42 FINANCIAL EXPENSES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 DESCRIPTION Includes expenses incurred during the period from financing obtained from financial institutions, those originated by financing via repurchase agreements; as well as expenses from interest on accounts and documents payable and various financial expenses payable that are recorded regardless of the date and method of payment. It includes the corresponding accounts for the control of inter-office financial expenses. ACCOUNT 420 EXPENSES FROM FOREIGN CURRENCY EXCHANGE OPERATIONS DESCRIPTION In this account, expenses incurred, related to foreign currency exchange service operations provided by the entity on behalf of third parties, are recorded. SUB-ACCOUNT 4200 FOREIGN CURRENCY EXCHANGE OPERATIONS EXPENSES SUB-SUBACCOUNT 4200000 FOREIGN CURRENCY EXCHANGE OPERATIONS EXPENSES SUB-SUBACCOUNT 4200010 EXCHANGE DIFFERENCE SUB-SUBACCOUNT 4200020 DIFFERENCE IN THE PURCHASE AND SALE OF FOREIGN CURRENCY CHARGES By exchange losses and in the purchase and sale of foreign currency. CREDITS By external items and adjustments specific to the accounting period. ACCOUNT 421 OPERATING EXPENSES FOR OWN INVESTMENTS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 DESCRIPTION In this account, expenses incurred related to the entity's own investment operations are recorded. Such as interest, commissions, etc. SUB-ACCOUNT 4210 EXPENSES FOR INVESTMENTS IN SECURITIES SUB-SUBACCOUNT 4210000 EXPENSES FOR INVESTMENTS IN FIXED INCOME SECURITIES SUB-SUBACCOUNT 4210010 EXPENSES FOR INVESTMENTS IN VARIABLE INCOME SECURITIES SUB-ACCOUNT 4211 EXPENSES FOR INVESTMENTS IN REPURCHASE AGREEMENTS SUB-SUBACCOUNT 4211000 EXPENSES FOR INVESTMENTS IN REPURCHASE AGREEMENTS SUB-ACCOUNT 4212 EXPENSES FOR INVESTMENTS IN PORTFOLIO ADMINISTRATION SUB-SUBACCOUNT 4212000 COMMISSIONS SUB-SUBACCOUNT 4212010 OTHERS CHARGES By payments of miscellaneous expenses related to the own investments segment.

CREDITS By external items and adjustments specific to the accounting period. ACCOUNT 422 EXPENSES FOR OBLIGATIONS WITH FINANCIAL INSTITUTIONS DESCRIPTION In this account, financial expenses related to financing obtained to carry out investment activities are recorded. SUB-ACCOUNT 4220 INTEREST EXPENSES SUB-SUBACCOUNT 4220000 EXPENSES FOR OBLIGATIONS WITH BANKS AND OTHER LOCAL FINANCIAL INSTITUTIONS SUB-SUBACCOUNT 4220010 EXPENSES FOR OVERDRAFTS WITH BANKS AND OTHER LOCAL FINANCIAL INSTITUTIONS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-SUBACCOUNT 4220020 EXPENSES FOR LOAN DEBTS WITH BANKS AND OTHER LOCAL FINANCIAL INSTITUTIONS SUB-SUBACCOUNT 4220030 EXPENSES FOR OTHER OBLIGATIONS WITH BANKS AND OTHER LOCAL FINANCIAL INSTITUTIONS SUB-SUBACCOUNT 4220040 EXPENSES FOR OBLIGATIONS WITH FOREIGN BANKS AND FINANCIAL INSTITUTIONS SUB-SUBACCOUNT 4220050 EXPENSES FOR OVERDRAFTS WITH FOREIGN BANKS AND FINANCIAL INSTITUTIONS SUB-SUBACCOUNT 4220060 EXPENSES FOR LOAN DEBTS WITH FOREIGN BANKS AND FINANCIAL INSTITUTIONS SUB-SUBACCOUNT 4220070 EXPENSES FOR OTHER OBLIGATIONS WITH FOREIGN BANKS AND FINANCIAL INSTITUTIONS CHARGES By interest, commissions and financing and overdraft expenses. By expenses for credit lines. By expenses for guarantees contracted.

CREDITS By external items and adjustments specific to the accounting period. ACCOUNT 423 EXPENSES FOR ACCOUNTS AND DOCUMENTS PAYABLE DESCRIPTION In this account, financial expenses such as interest related to accounts and documents payable derived from the entity's own activities and the provision of services are recorded. SUB-ACCOUNT 4230 FINANCIAL EXPENSES FROM SECURITIES OPERATIONS SUB-SUBACCOUNT 4230000 EXPENSES FOR OBLIGATIONS FROM OWN OPERATIONS SUB-SUBACCOUNT 4230010 EXPENSES FOR OBLIGATIONS FROM SECURITIES OPERATIONS SERVICES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

SUB-SUBACCOUNT 4230020 EXPENSES FOR TAXES AND CONTRIBUTIONS OBLIGATIONS SUB-SUBACCOUNT 4230030 EXPENSES FOR DIVIDENDS AND PARTICIPATIONS SUB-SUBACCOUNT 4230040 EXPENSES FOR OTHER ACCOUNTS AND DOCUMENTS PAYABLE SUB-SUBACCOUNT 4230050 EXPENSES FOR RELATED ACCOUNTS AND DOCUMENTS PAYABLE

CHARGES For interest, commissions, and expenses originated by accounts and documents receivable. CREDITS For external items and adjustments specific to the accounting period.

ACCOUNT 424 EXPENSES FOR GOODS RECEIVED UNDER FINANCIAL LEASING DESCRIPTION This account records financial expenses such as interest derived from obligations under financial leasing.

SUB-ACCOUNT 424 EXPENSES FOR GOODS RECEIVED UNDER FINANCIAL LEASING SUB-SUBACCOUNT 4240000 EXPENSES FOR GOODS RECEIVED UNDER FINANCIAL LEASING

CHARGES For expenses derived from financial leasing operations.
CREDITS For external items and adjustments specific to the accounting period.

ACCOUNT 425 OTHER FINANCIAL EXPENSES
DESCRIPTION This account records other financial expenses derived from credit lines, contracted guarantees, exchange rate differences, differences in the purchase and sale of foreign currency; as well as provisions for contingencies, commitments, and other financial expenses.

SUB-ACCOUNT 4250 EXPENSES FOR CREDITS
SUB-SUBACCOUNT 4250000 EXPENSES FOR CREDIT LINES SUB-SUBACCOUNT 4250010 EXPENSES FOR CONTRACTED GUARANTEES

SUB-ACCOUNT 4251 EXPENSES FOR CONTINGENCIES, COMMITMENTS, AND OTHERS SUB-SUBACCOUNT 4251000 PROVISION FOR CONTINGENCIES SUB-SUBACCOUNT 4251010 PROVISION FOR COMMITMENTS SUB-SUBACCOUNT 4251020 OTHER FINANCIAL EXPENSES

CHARGES For expenses for contracted guarantees.
For provisions for contingencies.
For provisions for commitments.
CREDITS For external items and adjustments specific to the accounting period.

ACCOUNT 426 PROVISIONS FOR UNCOLLECTABILITY AND DEVALUATION OF INVESTMENTS DESCRIPTION Comprises charges for provisions for uncollectability of accounts and documents receivable, for the devaluation of investments in securities, and the write-off of asset yields.

SUB-ACCOUNT 4260 PROVISION FOR UNCOLLECTABILITY OF ACCOUNTS AND DOCUMENTS RECEIVABLE SUB-SUBACCOUNT 4260000 PROVISION FOR ACCOUNTS AND DOCUMENTS RECEIVABLE

SUB-ACCOUNT 4261 PROVISION FOR DEVALUATION OF ASSETS AND LIABILITIES SUB-SUBACCOUNT 4261000 HELD FOR TRADING SUB-SUBACCOUNT 4261010 AVAILABLE FOR SALE

SUB-ACCOUNT 4262 PROVISION FOR OTHER ASSETS
SUB-SUBACCOUNT 4262000 PROVISION FOR OTHER ASSETS

SUB-ACCOUNT 4263 WRITE-OFF OF ASSET YIELDS
SUB-SUBACCOUNT 4263000 WRITE-OFF OF YIELDS OF AVAILABLE FOR SALE SUB-SUBACCOUNT 4263010 WRITE-OFF OF YIELDS OF ACCOUNTS AND DOCUMENTS RECEIVABLE SUB-SUBACCOUNT 4263020 WRITE-OFF OF YIELDS OF FINANCIAL INVESTMENTS

SUB-ACCOUNT 4264 RESTRUCTURING OF FINANCIAL ASSETS SUB-SUBACCOUNT 4264000 FINANCIAL ASSETS AVAILABLE FOR SALE SUB-SUBACCOUNT 4264010 FINANCIAL ASSETS HELD TO MATURITY SUB-SUBACCOUNT 4264020 FINANCIAL ASSETS HELD FOR TRADING

CHARGES For the charge for adjustment of the provision for uncollectability of accounts and documents receivable at the close of each accounting period. For the charge for adjustment of the provision for value fluctuation at the close of each accounting period. For the amount of values whose redemption at maturity is not possible to effect. CREDITS For external items and adjustments of the accounting period.

ACCOUNT 427 LOSSES ON SALE OF ASSETS
DESCRIPTION These accounts must represent the value of losses incurred in the sale of securities. The loss must be recorded when known, that is, even before the transaction cycle closes in cases of repurchase agreements (repos) and other stock market operations.

SUB-ACCOUNT 4270 LOSSES ON SALE OF ASSETS
SUB-SUBACCOUNT 4270000 NEGOTIABLE FINANCIAL ASSETS AND LIABILITIES SUB-SUBACCOUNT 4270010 FINANCIAL ASSETS AT FAIR VALUE WITH EFFECT IN RESULTS SUB-SUBACCOUNT 4270020 FINANCIAL ASSETS AVAILABLE FOR SALE SUB-SUBACCOUNT 4270030 FINANCIAL ASSETS HELD TO MATURITY SUB-SUBACCOUNT 4270040 REAL ESTATE AND INVESTMENT PROPERTIES

CHARGES For the loss produced in the sale, with credit to the corresponding financial asset accounts. CREDITS For external items and adjustments of the accounting period.

ITEM 43 EXTRAORDINARY EXPENSES
DESCRIPTION Comprises atypical and exceptional expenses resulting from losses due to disasters, thefts, robberies, and frauds, as well as in the sale of goods and others, in economic exercises.

ACCOUNT 430 EXTRAORDINARY EXPENSES
DESCRIPTION Comprises atypical and exceptional expenses resulting from losses due to disasters, thefts, robberies, and frauds, as well as in the sale of goods and others produced in the accounting period or at the close of the exercise.

SUB-ACCOUNT 4300 EXTRAORDINARY EXPENSES
SUB-SUBACCOUNT 4300000 LOSSES FROM DISASTERS
SUB-SUBACCOUNT 4300010 LOSSES FROM THEFTS, ROBBERIES, AND FRAUDS SUB-SUBACCOUNT 4300020 LOSSES ON SALE OF GOODS SUB-SUBACCOUNT 4300030 OTHER EXTRAORDINARY EXPENSES

CHARGES For the amount of extraordinary expenses paid or accrued to the entity. CREDITS For external items and adjustments of the accounting period.

ITEM 44 INCOME TAX
DESCRIPTION Comprises the income tax calculated according to Law in the corresponding accounting period.

ACCOUNT 440 INCOME TAX
DESCRIPTION In this account, charges for income tax in the corresponding accounting period are recorded.

SUB-ACCOUNT 4400 INCOME TAX
SUB-SUBACCOUNT 4400000 INCOME TAX

CHARGES For the amount of charges for income tax of the accounting period with credit to the account Payment on account of income tax. For the amount of charges for income tax of the accounting period with credit to the account Fiscal credit for income tax. CREDITS For the amount of income tax in the current accounting period or close of the exercise with debit to the account Result of the exercise.

ELEMENT 5 INCOME

DESCRIPTION Groups the accounts that accumulate operating income, financial income, miscellaneous management income; as well as, extraordinary income produced in the exercise, which are recorded as they are realized or incurred, respectively, disregarding the date and form of payment. In the case of recording income contemplated in Article 4 of the Income Tax Law or other exempt from said tax, an auxiliary report must be kept, in which the following will be detailed:
This report must be totaled each month in order to reconcile it with trial balance figures. This separation will be carried out in order to associate non-taxable income with its corresponding expenses in accordance with what is provided in Article 32 of the regulations of the Income Tax Law, second paragraph, and what is provided in Article 28, second paragraph of the Income Tax Law.

ITEM 51 OPERATING INCOME

DESCRIPTION Comprises income originated by operations in own investments resulting from the differential in the purchase and sale of securities, which is determined by deducting from the selling price direct selling expenses, commissions, and others, and the book value of the investment; the book value is the balance with which investments appear in the respective account, less the corresponding provision for devaluation. In cases where the result from sales is a loss, it is recorded in account 421 Operating expenses for own investments. It also comprises income from services provided in stock market operations, portfolio administration services, collection, advisory, and registration services, as well as from foreign currency exchange operations. Income from yields in the concept of interest and dividends will be recorded in the corresponding accounts of the financial income item.

ACCOUNT 510 INCOME FROM STOCK MARKET SERVICES
DESCRIPTION In this account, income originated by stock market operation services developed by the entity on behalf of third parties is recorded.

SUB-ACCOUNT 5100 INCOME FROM STOCK MARKET OPERATION SERVICES SUB-SUBACCOUNT 5100000 INCOME FROM PLACEMENT SERVICES PRIMARY MARKET

DESCRIPTION Represents the set of income from placement services in the primary market to issuers.

SUB-SUBACCOUNT 5100010 INCOME FROM PLACEMENT SERVICES SECONDARY MARKET SUB-SUBACCOUNT 5100020 INCOME FROM REPO SERVICES

DESCRIPTION Represents the set of income received from commissions and others in repo services.

SUB-SUBACCOUNT 5100030 INCOME FROM OPERATIONS IN FOREIGN MARKETS

CHARGES For external items and adjustments at the close of the accounting period. CREDITS For amounts of income from service operations to third parties, such as commissions, repos, etc.

ACCOUNT 511 INCOME FROM PORTFOLIO ADMINISTRATION SERVICE OPERATIONS DESCRIPTION This account represents the amount of income generated by portfolio administration services.

SUB-ACCOUNT 5110 INCOME FROM PORTFOLIO ADMINISTRATION SERVICE OPERATIONS SUB-SUBACCOUNT 5110000 COMMISSIONS FOR PORTFOLIO ADMINISTRATION SUB-SUBACCOUNT 5110010 PENALTIES SUB-SUBACCOUNT 5110020 OTHER INCOME FROM PORTFOLIO ADMINISTRATION

CHARGES For external items and adjustments at the close of the accounting period. CREDITS For amounts of income from service operations to third parties in portfolio administration, such as commissions, penalties for early withdrawal, etc.

ACCOUNT 512 MISCELLANEOUS INCOME
DESCRIPTION Represents the income that the house receives for concepts different from portfolio administration services or third-party stock market services.

SUB-ACCOUNT 5120 OPERATING INCOME FROM COLLECTION SERVICES SUB-SUBACCOUNT 5120000 INCOME FROM COLLECTION SERVICE OPERATIONS SUB-SUBACCOUNT 5120010 INCOME FROM COLLECTION OF YIELDS SERVICES

SUB-ACCOUNT 5121 OPERATING INCOME FROM DIVERSIFIED SERVICES SUB-SUBACCOUNT 5121000 INCOME FROM REGISTRATION SERVICES SUB-SUBACCOUNT 5121010 INCOME FROM ADVISORY SERVICES SUB-SUBACCOUNT 5121020 INCOME FROM REPRESENTATION SERVICES OF SECURITY HOLDERS

SUB-ACCOUNT 5122 MISCELLANEOUS INCOME
DESCRIPTION In this account, income originated by advisory and registration services developed by the entity on behalf of third parties is recorded.

SUB-SUBACCOUNT 5122000 INCOME FROM TRAINING
SUB-SUBACCOUNT 5122010 INCOME FROM RECOVERY OF EXPENSES SUB-SUBACCOUNT 5122020 OTHER INCOME

SUB-ACCOUNT 5123 REVERSALS OF IMPAIRMENT OF NON-CURRENT ASSETS SUB-SUBACCOUNT 5123000 REVERSALS OF IMPAIRMENT OF NON-CURRENT ASSETS

SUB-ACCOUNT 5124 OTHER INCOME
SUB-SUBACCOUNT 5124000 REVERSAL FOR IMPAIRMENT OF FINANCIAL ASSETS AND LIABILITIES SUB-SUBACCOUNT 5124010 CHANGES IN FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES SUB-SUBACCOUNT 5124020 GAINS ON SALE OF FINANCIAL INVESTMENTS

CHARGES For external items and adjustments at the close of the accounting period. CREDITS For amounts of income from service operations to third parties.

SUB-ACCOUNT 5125 INCOME FROM COMMERCIALIZATION OF PARTICIPATION SHARES OF OPEN-END INVESTMENT FUNDS (3) DESCRIPTION In this sub-account, income originated from commercialization services of participation shares of Open-End Investment Funds is recorded. (3)

SUB-SUBACCOUNT 5125000 COMMISSIONS FROM COMMERCIALIZATION OF PARTICIPATION SHARES OF LOCAL OPEN-END INVESTMENT FUNDS (3) SUB-SUBACCOUNT 5125010 COMMISSIONS FROM COMMERCIALIZATION OF PARTICIPATION SHARES OF FOREIGN OPEN-END INVESTMENT FUNDS (3) SUB-SUBACCOUNT 5125020 OTHERS (3)

CHARGES For adjustments at the close of the accounting period. (3) CREDITS For amounts of income from commercialization operations of participation shares of Open-End Investment Funds, both local and foreign. (3)

ACCOUNT 513 INCOME FROM INDIVIDUAL PORTFOLIO ADMINISTRATION SERVICE OPERATIONS (1)

DESCRIPTION This account represents the amount of income generated by individual portfolio administration services. (1)

SUB-ACCOUNT 5130 INCOME FROM INDIVIDUAL PORTFOLIO ADMINISTRATION SERVICE OPERATIONS (1) SUB-SUBACCOUNT 5130000 COMMISSIONS FOR INDIVIDUAL PORTFOLIO ADMINISTRATION (1) SUB-SUBACCOUNT 5130010 PENALTIES (1) SUB-SUBACCOUNT 5130020 OTHER INCOME FROM INDIVIDUAL PORTFOLIO ADMINISTRATION (1)

CHARGES For external items and adjustments at the close of the accounting period. (1) CREDITS For amounts of income from service operations to third parties for individual portfolio administration. (1)

ITEM 52 FINANCIAL INCOME
DESCRIPTION Comprises financial income in the concept of interest coming from the resource placement activity developed by the entity, coming from yields of cash availability, FINANCIAL INVESTMENTS, accounts and documents receivable, and other financial income. It includes accounts for the control of inter-office income. Income from the differential in the purchase and sale of securities is recorded in the respective account of the operating income item.

ACCOUNT 520 FOREIGN CURRENCY PURCHASE AND SALE OPERATIONS DESCRIPTION In this account, income originated by foreign currency exchange operations developed by the entity is recorded.

SUB-ACCOUNT 5200 INCOME FROM FOREIGN CURRENCY EXCHANGE OPERATIONS SUB-SUBACCOUNT 5200000 INCOME FROM FOREIGN CURRENCY EXCHANGE OPERATIONS SUB-SUBACCOUNT 5200010 EXCHANGE RATE DIFFERENCE SUB-SUBACCOUNT 5200020 DIFFERENCE IN FOREIGN CURRENCY PURCHASE AND SALE

CHARGES For external items and adjustments at the close of the accounting period. CREDITS For the gain from exchange rate difference. For the gain from difference in foreign currency purchase and sale.

ACCOUNT 521 INCOME FROM FINANCIAL INVESTMENTS
DESCRIPTION Represents the set of income received by the brokerage house, as a product of its FINANCIAL INVESTMENTS, classified according to whether the income is taxable or exempt from income tax.

SUB-ACCOUNT 5210 TAXABLE INCOME FOR INCOME TAX SUB-SUBACCOUNT 5210000 INCOME FROM INVESTMENT OPERATIONS IN FIXED INCOME SECURITIES SUB-SUBACCOUNT 5210010 INCOME FROM INVESTMENT OPERATIONS IN VARIABLE INCOME SECURITIES SUB-SUBACCOUNT 5210020 INCOME FROM INVESTMENT OPERATIONS IN REPOS SUB-SUBACCOUNT 5210030 INCOME FROM INVESTMENT OPERATIONS IN PORTFOLIO ADMINISTRATION SUB-SUBACCOUNT 5210040 OTHERS

SUB-ACCOUNT 5211 INCOME EXEMPT FROM INCOME TAX SUB-SUBACCOUNT 5211000 INCOME FROM INVESTMENT OPERATIONS IN FIXED INCOME SECURITIES

SUB-ACCOUNT 5212 INCOME FROM INTERESTS
SUB-SUBACCOUNT 5212000 INTERESTS AND DIVIDENDS FROM THE FINANCIAL INVESTMENT PORTFOLIO

CHARGES For correction of accounting errors.
For settlement of the account.
CREDITS For recognition of income resulting from investments made.

ACCOUNT 522 INCOME FROM ACCOUNTS AND DOCUMENTS RECEIVABLE DESCRIPTION In this account, income accrued in the period in the concept of interest, originated by operations included in the accounts and documents receivable item, is recorded.

SUB-ACCOUNT 5220 YIELDS FROM ACCOUNTS AND DOCUMENTS RECEIVABLE SUB-SUBACCOUNT 5220000 INTERESTS SUB-SUBACCOUNT 5220010 DELINQUENCY

CHARGES For accumulations of the accounting period, including corresponding adjustments. CREDITS For amounts collected corresponding to uncollectible or written-off accounts and documents receivable. For amounts collected corresponding to devalued and written-off investments.

ACCOUNT 523 RECOVERY OF FINANCIAL ASSETS
DESCRIPTION Comprises income attributable to the exercise in the concept of recovery of financial assets considered uncollectible. It includes the decrease in provisions for accounts and documents receivable, financial investments, as well as the recovery of accounts and documents receivable and financial investments that had been written off.

SUB-ACCOUNT 5230 RECOVERY OF FINANCIAL ASSETS
SUB-SUBACCOUNT 5230000 RECOVERY OF FINANCIAL ASSETS

SUB-ACCOUNT 5231 DECREASE IN PROVISIONS FOR ACCOUNTS AND DOCUMENTS RECEIVABLE AND INVESTMENTS SUB-SUBACCOUNT 5231000 DECREASE IN PROVISIONS FOR ACCOUNTS AND DOCUMENTS RECEIVABLE SUB-SUBACCOUNT 5231010 DECREASE IN PROVISIONS FOR FINANCIAL INVESTMENTS

CHARGES For accumulations of the accounting period, including corresponding adjustments. CREDITS For the decrease in provisions for accounts and documents receivable and financial investments.

ACCOUNT 524 OTHER FINANCIAL INCOME
DESCRIPTION In this account, income accrued in the period in the concept of exchange rate difference and differential in purchase and sale, originated by operations developed in foreign currency, is recorded.

SUB-ACCOUNT 5240 OTHER FINANCIAL INCOME
SUB-SUBACCOUNT 5240000 OTHER FINANCIAL INCOME

CHARGES For accumulations of the accounting period, including corresponding adjustments. CREDITS For inter-office financial income.

ITEM 53 EXTRAORDINARY INCOME
DESCRIPTION Comprises income generated by operations different from those that the entity usually carries out, such as the sale of movable and immovable goods, other extraordinary income.

ACCOUNT 530 EXTRAORDINARY INCOME
DESCRIPTION In this account, income generated by operations different from those that the entity usually carries out, such as the sale of movable and immovable goods and other extraordinary income, is recorded.

SUB-ACCOUNT 5300 EXTRAORDINARY INCOME
SUB-SUBACCOUNT 5300000 PROFIT ON SALE OF ASSETS SUB-SUBACCOUNT 5300010 OTHER EXTRAORDINARY INCOME

CHARGES For accumulations of the accounting period, including corresponding adjustments. CREDITS For the realization of profit in the sale of movable and immovable goods and extraordinary events according to what IFRS establish.

ELEMENT 6 COMMITMENT AND CONTROL CONTINGENCIES OWN

DESCRIPTION Groups debtor and creditor accounts for those operations in which the entity's obligation is conditioned on a fact occurring or not, depending on future factors that may result in the loss of an asset or the accumulation of a liability. The referred operations give rise to a legal relationship with third parties.

ITEM 61 DEBTOR COMMITMENT CONTINGENT ACCOUNTS
DESCRIPTION Contains debtor accounts for the recording of contingencies in favor of the house.

ACCOUNT 610 GRANTED GUARANTEES
DESCRIPTION This account registers guarantees granted for stock market and portfolio administration operations, according to the Securities Market Law, as well as other guarantees granted by the House, sureties, and bonds granted.

SUB-ACCOUNT 6100 FOR STOCK MARKET OPERATIONS
SUB-SUBACCOUNT 6100000 FOR STOCK MARKET OPERATIONS

SUB-ACCOUNT 6101 FOR PORTFOLIO ADMINISTRATION
SUB-SUBACCOUNT 6101000 FOR PORTFOLIO ADMINISTRATION

SUB-ACCOUNT 6102 OTHER GUARANTEES
SUB-SUBACCOUNT 6102000 OTHER GUARANTEES

SUB-ACCOUNT 6103 SURETIES AND BONDS GRANTED
SUB-SUBACCOUNT 6103000 SURETIES AND BONDS GRANTED

ACCOUNT 611 LITIGATION AND LAWSUITS
DESCRIPTION In this account, contingencies for litigations and lawsuits that are in process are recorded.

SUB-ACCOUNT 6110 LITIGATION AND LAWSUITS
SUB-SUBACCOUNT 6110000 LITIGATION AND LAWSUITS

ACCOUNT 612 ISSUER VALUES IN EXISTENCE FOR NEGOTIATION DESCRIPTION Registers values that have been received from issuers as primary subscription to be negotiated under the best efforts modality. In which the house does not acquire ownership of the securities, nor any monetary obligation of placement.

SUB-ACCOUNT 6120 ISSUER VALUES IN EXISTENCE FOR NEGOTIATION SUB-SUBACCOUNT 6120000 ISSUER VALUES IN EXISTENCE FOR NEGOTIATION

ACCOUNT 613 OTHER CONTINGENCIES AND COMMITMENTS DESCRIPTION This account registers other contingencies or commitments in favor of the House, not contemplated in the above.

SUB-ACCOUNT 6130 STOCK MARKET OPERATIONS
SUB-SUBACCOUNT 6130000 STOCK MARKET OPERATIONS

SUB-ACCOUNT 6131 PORTFOLIO ADMINISTRATION
SUB-SUBACCOUNT 6131000 PORTFOLIO ADMINISTRATION

SUB-ACCOUNT 6132 OTHERS
SUB-SUBACCOUNT 6132000 OTHERS

SUB-ACCOUNT 6133 INDIVIDUAL PORTFOLIO ADMINISTRATION (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

SUB-SUBACCOUNT 6133000 INDIVIDUAL PORTFOLIO MANAGEMENT (1)

ACCOUNT 614 OWN REPO OPERATIONS
DESCRIPTION Control account that reflects the right to purchase securities sold in sell-repo transactions, as well as controls the obligation to sell securities in buy-repo transactions where the house is the buying entity.

SUB-ACCOUNT 6140 RIGHT TO REPURCHASE FOR SELL REPOS SUB-SUBACCOUNT 6140000 RIGHT TO REPURCHASE FOR SELL REPOS

SUB-ACCOUNT 6141 RIGHTS TO RECEIVE IN CASH, FOR BUY REPOS SUB-SUBACCOUNT 6141000 RIGHTS TO RECEIVE IN CASH, FOR BUY REPOS

ITEM 62 CONTROL ACCOUNTS
DESCRIPTION This comprises the control accounts for the company's securities and assets, which are not recorded in equity accounts due to their nature.

ACCOUNT 620 OWN SECURITIES AND ASSETS IN CUSTODY DESCRIPTION Records the value of own securities and assets that are in custody with an authorized institution.

SUB-ACCOUNT 6200 SECURITIES IN CUSTODY
SUB-SUBACCOUNT 6200000 SECURITIES IN CUSTODY

SUB-ACCOUNT 6201 ASSETS IN CUSTODY
SUB-SUBACCOUNT 6201000 ASSETS IN CUSTODY

SUB-ACCOUNT 6202 DOCUMENTS IN CUSTODY
SUB-SUBACCOUNT 6202000 DOCUMENTS IN CUSTODY

ACCOUNT 621 OWN SECURITIES AND ASSETS PLEDGED AS COLLATERAL

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

DESCRIPTION Records the securities and assets of the society that have been pledged as collateral.

SUB-ACCOUNT 6210 SECURITIES
SUB-SUBACCOUNT 6210000 SECURITIES

SUB-ACCOUNT 6211 MOVABLE AND IMMOVABLE PROPERTY SUB-SUBACCOUNT 6211000 MOVABLE AND IMMOVABLE PROPERTY

SUB-ACCOUNT 6212 OTHER PLEDGED GUARANTEES
SUB-SUBACCOUNT 6212000 OTHER PLEDGED GUARANTEES

ACCOUNT 622 UNUTILIZED OBTAINED CREDITS
DESCRIPTION Records obtained credits that have not yet been utilized, such as authorized overdrafts, loans, etc.

SUB-ACCOUNT 6220 UNUTILIZED OBTAINED CREDITS
SUB-SUBACCOUNT 6220000 UNUTILIZED OBTAINED CREDITS

ACCOUNT 623 GUARANTEES RECEIVED
DESCRIPTION Records the value of guarantees received for operations carried out with third parties, such as loans or other operations for which the house must demand a guarantee.

SUB-ACCOUNT 6230 FIXED INCOME SECURITIES
SUB-SUBACCOUNT 6230000 FIXED INCOME SECURITIES

SUB-ACCOUNT 6231 VARIABLE INCOME SECURITIES
SUB-SUBACCOUNT 6231000 VARIABLE INCOME SECURITIES

SUB-ACCOUNT 6232 INVESTMENT RETURNS
SUB-SUBACCOUNT 6232000 INVESTMENT RETURNS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

ACCOUNT 624 VARIOUS CONTROL ACCOUNTS
DESCRIPTION This account records the control of those assets that no longer appear on the Balance Sheet with a monetary value, but which must be controlled due to their existence or possible recovery.

SUB-ACCOUNT 6240 DEPRECIATED PLANT AND EQUIPMENT PROPERTY SUB-SUBACCOUNT 6240000 DEPRECIATED PLANT AND EQUIPMENT PROPERTY

SUB-ACCOUNT 6241 NON-DEPRECIABLE ASSETS
SUB-SUBACCOUNT 6241000 NON-DEPRECIABLE ASSETS

SUB-ACCOUNT 6242 WRITT-OFF UNCOLLECTIBLE ACCOUNTS AND DOCUMENTS SUB-SUBACCOUNT 6242000 WRITT-OFF UNCOLLECTIBLE ACCOUNTS AND DOCUMENTS

SUB-ACCOUNT 6243 RETURNS FROM WRITT-OFF ACCOUNTS AND DOCUMENTS SUB-SUBACCOUNT 6243000 RETURNS FROM WRITT-OFF ACCOUNTS AND DOCUMENTS

SUB-ACCOUNT 6244 RETURNS FROM ACCOUNTS AND DOCUMENTS IN DOUBTFUL COLLECTION SUB-SUBACCOUNT 6244000 RETURNS FROM ACCOUNTS AND DOCUMENTS IN DOUBTFUL COLLECTION

ELEMENT 7 CONTINGENCIES OF COMMITMENT AND CONTROL OWN (5) DESCRIPTION Represents the eventual obligations that the entity would have, by having indirectly assumed responsibility by guaranteeing third parties; by lawsuits and claims against the entity; as well as, by obligations pending to fulfill and by developing operations in favor of third parties, which may result in the loss of an asset or in the accumulation of a liability.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

ITEM 71 CONTINGENT AND CREDITOR COMMITMENT ACCOUNTS DESCRIPTION Comprises the accounts for recording the responsibility that may exist for operations related to third parties, whether these are guarantees, litigations, lawsuits, or other types of obligations.

ACCOUNT 710 RESPONSIBILITY FOR GRANTED GUARANTEES DESCRIPTION In this account, the eventual obligation of the entity in favor of third parties for granted guarantees is recorded.

SUB-ACCOUNT 7100 RESPONSIBILITY FOR GRANTED GUARANTEES TO FINANCIAL INSTITUTIONS SUB-SUBACCOUNT 7100000 RESPONSIBILITY FOR GRANTED GUARANTEES TO FINANCIAL INSTITUTIONS

SUB-ACCOUNT 7101 RESPONSIBILITY FOR OTHER GRANTED GUARANTEES SUB-SUBACCOUNT 7101000 RESPONSIBILITY FOR OTHER GRANTED GUARANTEES

ACCOUNT 711 RESPONSIBILITY FOR LITIGATIONS AND LAWSUITS DESCRIPTION In this account, the eventual responsibility with third parties for litigations and lawsuits against the entity is recorded.

SUB-ACCOUNT 7110 RESPONSIBILITY FOR LITIGATIONS AND LAWSUITS SUB-SUBACCOUNT 7110000 RESPONSIBILITY FOR LITIGATIONS AND LAWSUITS

ACCOUNT 712 RESPONSIBILITY FOR PRIMARY PLACEMENT COMMITMENTS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

DESCRIPTION In this account, the eventual obligation of the entity with third parties, for the responsibility of primary placement commitments of securities in the securities market, is recorded.

SUB-ACCOUNT 7120 RESPONSIBILITY FOR PRIMARY PLACEMENT OF SECURITIES SUB-SUBACCOUNT 7120000 RESPONSIBILITY FOR PRIMARY PLACEMENT OF SECURITIES

ACCOUNT 713 RESPONSIBILITY FOR OTHER CONTINGENCIES AND COMMITMENTS DESCRIPTION In this account, the eventual obligation of the entity with third parties, for the responsibility for other contingencies and commitments not contemplated above, is recorded.

SUB-ACCOUNT 7130 RESPONSIBILITY FOR PAYMENTS ON BEHALF OF ISSUERS SUB-SUBACCOUNT 7130000 RESPONSIBILITY FOR PAYMENTS ON BEHALF OF ISSUERS

ACCOUNT 714 OBLIGATIONS AND RIGHTS FOR OWN REPO OPERATIONS DESCRIPTION Represents the counter-account of the operations registered under code 614; it contains the obligation to pay in currency for sell repos carried out, as well as the right to purchase securities for buy repos.

SUB-ACCOUNT 7140 OBLIGATIONS FOR SELL REPO OF SECURITIES SUB-SUBACCOUNT 7140000 RESPONSIBILITY FOR PAYMENTS ON BEHALF OF ISSUERS

SUB-ACCOUNT 7141 OBLIGATION TO RESSELL SECURITIES, FOR PURCHASE OPERATIONS SUB-SUBACCOUNT 7141000 OBLIGATION TO RESSELL SECURITIES, FOR PURCHASE OPERATIONS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

ITEM 72 CREDITOR CONTROL ACCOUNTS
DESCRIPTION This comprises the counter-control accounts for the company's securities and assets, which by their nature are not recorded in equity accounts.

ACCOUNT 720 COUNTER-ACCOUNT FOR OWN SECURITIES AND ASSETS IN CUSTODY DESCRIPTION This account records the value of own securities and assets that are in custody with an authorized institution.

SUB-ACCOUNT 7200 COUNTER-ACCOUNT FOR OWN SECURITIES AND ASSETS IN CUSTODY SUB-SUBACCOUNT 7200000 COUNTER-ACCOUNT FOR OWN SECURITIES AND ASSETS IN CUSTODY

ACCOUNT 721 COUNTER-ACCOUNT FOR OWN SECURITIES AND ASSETS PLEDGED AS COLLATERAL DESCRIPTION Records the securities and assets of the society that have been pledged as collateral.

SUB-ACCOUNT 7210 COUNTER-ACCOUNT FOR OWN SECURITIES AND ASSETS PLEDGED AS COLLATERAL SUB-SUBACCOUNT 7210000 COUNTER-ACCOUNT FOR OWN SECURITIES AND ASSETS PLEDGED AS COLLATERAL

ACCOUNT 722 COUNTER-ACCOUNT OF UNUTILIZED OBTAINED CREDITS DESCRIPTION Records the responsibility for unutilized obtained credits.

SUB-ACCOUNT 7220 COUNTER-ACCOUNT OF UNUTILIZED OBTAINED CREDITS SUB-SUBACCOUNT 7220000 COUNTER-ACCOUNT OF UNUTILIZED OBTAINED CREDITS

ACCOUNT 723 RESPONSIBILITY FOR GUARANTEES RECEIVED

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

DESCRIPTION Records the responsibility that the house has for the value of the guarantees received for operations carried out with third parties, such as loans or other operations for which the house must demand a guarantee.

SUB-ACCOUNT 7230 RESPONSIBILITY FOR GUARANTEES RECEIVED SUB-SUBACCOUNT 7230000 RESPONSIBILITY FOR GUARANTEES RECEIVED

ACCOUNT 724 COUNTER-ACCOUNT OF VARIOUS CONTROL ACCOUNTS DESCRIPTION Records the values corresponding to the accounts of goods and securities that no longer appear on the balance sheet, but for which control must be maintained.

SUB-ACCOUNT 7240 COUNTER-ACCOUNT OF VARIOUS CONTROL ACCOUNTS SUB-SUBACCOUNT 7240000 COUNTER-ACCOUNT OF VARIOUS CONTROL ACCOUNTS

ELEMENT 8 STOCK EXCHANGE SERVICES OPERATIONS, PORTFOLIO MANAGEMENT AND INDIVIDUAL PORTFOLIO MANAGEMENT (1) DESCRIPTION Represents the debtor accounts for cash, rights, and third-party securities received by the entity for services in stock exchange operations, portfolio management, and individual portfolio management.

ITEM 81 DEBITOR ACCOUNTS FOR CASH AND RIGHTS FOR STOCK EXCHANGE SERVICES OPERATIONS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

DESCRIPTION Comprises those operations whereby the entity receives money in cash or its equivalent, as well as third-party securities for negotiation on the stock exchange. It includes the debtor accounts for controlling cash in hand and at banks, accounts receivable, securities to be received, securities received, and securities delivered. It also includes securities received to be delivered into custody and securities for collection. The balances of the accounts comprising this item represent the consolidated amounts of cash, rights, and securities of all stock exchange operations on behalf of third parties.

ACCOUNT 810 CASH
DESCRIPTION In this account, the amounts of cash received by the House for stock exchange operations, originating from daily operations, on behalf of clients, are recorded; the funds received must be remitted daily or at the latest during the first hours of the next business day.

SUB-ACCOUNT 8100 CASH
SUB-SUBACCOUNT 8100000 BILLS AND COINS IN LOCAL CURRENCY (M.L.)
SUB-SUBACCOUNT 8100010 BILLS AND COINS IN FOREIGN CURRENCY (M.E.)

CHARGES For the amounts of income from cash received to be invested.

CREDITS For transfers of cash to operational accounts.

ACCOUNT 811 BANKS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

DESCRIPTION This account records the movement of funds for the settlement of stock exchange operations, for operations carried out at the Stock Exchange, or for cash received on behalf of clients by issuers, according to instructions received. The bank account used will be a checking account. Its balance is a debit balance and represents the value of the money corresponding to the intermediation that has not been placed or settled, and the House's commissions, if they have not been transferred to the administrative account. In case of a balance existing, the House must know how the balance reflected in it is integrated.

SUB-ACCOUNT 8110 CLIENT OPERATING ACCOUNT
SUB-SUBACCOUNT 8110000 LOCAL BANKS
SUB-SUBACCOUNT 8110010 (6) BANKS AND OTHER FOREIGN INSTITUTIONS (6)

SUB-ACCOUNT 8111 ISSUER OPERATING ACCOUNT
SUB-SUBACCOUNT 8111000 LOCAL BANKS
SUB-SUBACCOUNT 8111010 (6) BANKS AND OTHER FOREIGN INSTITUTIONS (6)

CHARGES With the value delivered by clients and remitted to operating accounts for the purchase of securities in their different modalities and payment of respective commissions and taxes, or for the payment of repo maturities. With the remittances made by the Stock Exchange for the settlement of stock exchange operations when the settlement is in favor of the House.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 With the value transferred from Portfolio Management accounts to be invested at the Stock Exchange. In the bank accounts for issuance management, with the value deposited by the issuer to effect the payment of securities and coupons at maturity.

CREDITS For payments to the Stock Exchange for settlement of stock exchange operations when the settlement results in favor of the Stock Exchange. For cancellation to selling clients in stock exchange operations, Portfolio Management. For payments made to clients who have repo operation maturities. For transfers to administrative bank accounts for earned commissions, taxes, and others. For payment of securities and coupons on behalf of issuers.

ACCOUNT 812 ACCOUNTS RECEIVABLE
DESCRIPTION In this, rights to collect from clients, the stock exchange, or issuers, at the Securities Clearinghouses, or from Foreign Intermediaries for stock exchange operations are recorded.

SUB-ACCOUNT 8120 STOCK EXCHANGE
SUB-SUBACCOUNT 8120000 TODAY
SUB-SUBACCOUNT 8120010 SPOT
SUB-SUBACCOUNT 8120020 FORWARD
SUB-SUBACCOUNT 8120030 OPTIONS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 SUB-SUBACCOUNT 8120040 MATURITY OF THIRD-PARTY REPOS SUB-SUBACCOUNT 8120050 MATURITY OF PORTFOLIO REPOS SUB-SUBACCOUNT 8120060 MATURITY OF BANK REPOS SUB-SUBACCOUNT 8120070 MATURITY OF THE BROKERAGE HOUSE REPOS SUB-SUBACCOUNT 8120080 MATURITY OF INDIVIDUAL PORTFOLIO REPO (1) SUB-SUBACCOUNT 8120090 MATURITY OF INVESTMENT FUND REPOS (4)

SUB-ACCOUNT 8121 INVESTORS
SUB-SUBACCOUNT 8121000 TODAY
SUB-SUBACCOUNT 8121010 SPOT
SUB-SUBACCOUNT 8121020 FORWARD
SUB-SUBACCOUNT 8121030 OPTIONS
SUB-SUBACCOUNT 8121040 MATURITY OF THIRD-PARTY REPOS SUB-SUBACCOUNT 8121050 MATURITY OF PORTFOLIO REPOS SUB-SUBACCOUNT 8121060 MATURITY OF BANK REPOS SUB-SUBACCOUNT 8121070 MATURITY OF THE BROKERAGE HOUSE REPOS SUB-SUBACCOUNT 8121080 BY FOREIGN OPERATIONS SUB-SUBACCOUNT 8121090 MATURITY OF INDIVIDUAL PORTFOLIO REPO (1) SUB-SUBACCOUNT 8121100 MATURITY OF INVESTMENT FUND REPOS (4)

SUB-ACCOUNT 8122 ISSUERS
SUB-SUBACCOUNT 8122000 COUPONS
SUB-SUBACCOUNT 8122010 OTHERS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

SUB-ACCOUNT 8123 SECURITIES CLEARINGHOUSE
SUB-SUBACCOUNT 8123000 SECURITIES CLEARINGHOUSE SUB-SUBACCOUNT 8123010 TODAY (4) SUB-SUBACCOUNT 8123020 SPOT (4) SUB-SUBACCOUNT 8123030 FORWARD (4) SUB-SUBACCOUNT 8123040 OPTIONS (4) SUB-SUBACCOUNT 8123050 MATURITY OF THIRD-PARTY REPOS (4) SUB-SUBACCOUNT 8123060 MATURITY OF PORTFOLIO REPOS (4) SUB-SUBACCOUNT 8123070 MATURITY OF BANK REPOS (4) SUB-SUBACCOUNT 8123080 MATURITY OF THE BROKERAGE HOUSE REPOS (4) SUB-SUBACCOUNT 8123090 MATURITY OF INDIVIDUAL PORTFOLIO REPO (4) SUB-SUBACCOUNT 8123100 MATURITY OF INVESTMENT FUND REPOS (4)

SUB-ACCOUNT 8124 FOREIGN INTERMEDIARIES
SUB-SUBACCOUNT 8124000 FOREIGN INTERMEDIARIES

CHARGES With the amount to be collected from the Securities Clearinghouse corresponding to the balances in favor of selling clients plus the house commission and the corresponding tax on said commission. (4) For stock exchange operations carried out in the trading systems at the Stock Exchange. (4) With the amount to be collected from investors for operations carried out, pending settlement.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 With the amount to be collected from issuers for the value of certificates and coupons that have matured. When carrying out buy repos, with the amount to be collected for repo maturities. With the value delivered of firm funds to the Securities Clearinghouse for the purchase of securities abroad for the compensation and settlement process. With the value delivered of firm funds to foreign intermediaries in advance for the purchase of securities. With the value delivered of funds to be received for sales made to Foreign Intermediaries.

CREDITS With the value of sales operations and maturities, when effecting the respective fund settlement with the Securities Clearinghouse. (4) With the value of sales operations carried out at the Stock Exchange. (4) With the payment made by investors. With the payment or credit made by issuers for the payment of securities or coupons. With the value of funds delivered in advance to the Securities Clearinghouse in the purchase of securities abroad, once compensation and settlement have been completed.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 With the value of funds delivered in advance to the foreign intermediary, once the acquired securities have been received. With the value of funds received for sales made to Foreign Intermediaries.

ACCOUNT 813 SECURITIES TO BE RECEIVED
DESCRIPTION Records the value of titles to be received from the Securities Clearinghouse, from investors, or from issuers, or from foreign intermediaries, either by operations carried out, by maturities, with the object of controlling the securities pending to be received or applied by the clearinghouse, in the case that they have not been received from the stock exchange, the investor, another House, the issuer, or the foreign intermediary.

SUB-ACCOUNT 8130 CEDEVAL
SUB-SUBACCOUNT 8130000 OPERATIONS CARRIED OUT
SUB-SUBACCOUNT 8130010 OPERATIONS TO BE CARRIED OUT SUB-SUBACCOUNT 8130020 SECURITIES BACKING REPOS

SUB-ACCOUNT 8131 INVESTORS
SUB-SUBACCOUNT 8131000 OPERATIONS CARRIED OUT
SUB-SUBACCOUNT 8131010 OPERATIONS TO BE CARRIED OUT SUB-SUBACCOUNT 8131020 SECURITIES BACKING REPOS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010 With the value of titles that have been negotiated through the House, and that have not been received from clients, against the Securities to be Delivered account, to the stock exchange, or to the Securities Clearinghouse, or to the investor in case of being over-the-counter.

CHARGES With the value of titles that have been negotiated and have not been received from the Stock Exchange, at the securities clearinghouse, or from the issuer (in case of over-the-counter primary market) against the Securities to be Delivered - Investors account. When carrying out sell repos, with the amount to be paid for repo maturities.

CREDITS With the value of titles that have been negotiated through the House, and that have not been received from clients, against the Securities to be Delivered account, to the stock exchange, or to the Securities Clearinghouse, or to the investor in case of being over-the-counter. With the value of titles that have been negotiated and have not been received from the Stock Exchange, at the securities clearinghouse, or from the issuer (in case of over-the-counter primary market) against the Securities to be Delivered - Investors account.

SUB-ACCOUNT 8132 FOREIGN INTERMEDIARIES
SUB-SUBACCOUNT 8132000 OPERATIONS CARRIED OUT
SUB-SUBACCOUNT 8132010 OPERATIONS TO BE CARRIED OUT

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

CHARGES With the value of titles that have been negotiated through the House, and that have not been received from clients, against the securities to be delivered account, to the Stock Exchange, to the securities clearinghouse, or to the investor in case of being over-the-counter. With the value of titles that have been negotiated and have not been received from the Stock Exchange, at the Securities Clearinghouse, from the issuer (in case of over-the-counter primary market) or from the foreign intermediary, against the Securities to be Delivered-Investors account. When carrying out sell repos, with the amount to be paid for repo maturities.

CREDITS With the value of titles that have been negotiated through the House, and that have been received from clients, against the Securities Received account, to deliver to the Stock Exchange, or to the investor in case of being over-the-counter. With the value of titles that have been negotiated and have been received from the Stock Exchange, at the Securities Clearinghouse, from the issuer (in case of over-the-counter primary market) or from the foreign intermediary against the securities received account.

ACCOUNT 814 SECURITIES RECEIVED
DESCRIPTION Records the securities received for different concepts, to be negotiated, delivered because the negotiation has already been carried out; it should be understood that by securities, it does not necessarily mean the physical receipt of the title, but rather the receipt, the control that the Securities Clearinghouse keeps, from which it will notify the House. Represents the securities delivered and that have not yet been negotiated. Generally, the balance must be zero, because settlement must be effected on the same day.

SUB-ACCOUNT 8140 CEDEVAL
SUB-SUBACCOUNT 8140000 OPERATIONS CARRIED OUT
SUB-SUBACCOUNT 8140010 OPERATIONS TO BE CARRIED OUT SUB-SUBACCOUNT 8140020 SECURITIES BACKING REPOS

SUB-ACCOUNT 8141 INVESTORS
SUB-SUBACCOUNT 8141000 OPERATIONS CARRIED OUT
SUB-SUBACCOUNT 8141010 OPERATIONS TO BE CARRIED OUT SUB-SUBACCOUNT 8141020 SECURITIES BACKING REPOS

SUB-ACCOUNT 8142 ISSUERS
SUB-SUBACCOUNT 8142000 OPERATIONS CARRIED OUT
SUB-SUBACCOUNT 8142010 OPERATIONS TO BE CARRIED OUT

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

CHARGES With the securities received to be negotiated.
With the securities negotiated that were pending to be received.

CREDITS With the Securities delivered to the Stock Exchange, or to the Securities Clearinghouse for verification prior to negotiation. Against the securities delivered pending negotiation account. With the securities delivered to investors.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Effective Date: 10/01/2010

SUB-ACCOUNT 8143 FOREIGN INTERMEDIARIES
SUB-SUBACCOUNT 8143000 OPERATIONS CARRIED OUT
SUB-SUBACCOUNT 8143010 OPERATIONS TO BE CARRIED OUT

CHARGES With the securities received to be negotiated.
With the securities negotiated locally or abroad, that were pending to be received.

CREDITS With the securities delivered to the Stock Exchange, or to the Securities Clearinghouse for verification prior to negotiation. Against the securities delivered pending negotiation account. With the securities delivered to investors.

ACCOUNT 815 SECURITIES DELIVERED PENDING NEGOTIATION DESCRIPTION Records the value of client securities delivered to the stock exchange or the securities clearinghouse for verification prior to negotiation. SUB-ACCOUNT 8150 INVESTORS SUB-SUBACCOUNT 8150000 THIRD-PARTY CLIENTS SUB-SUBACCOUNT 8150010 PORTFOLIO MANAGEMENT SUB-SUBACCOUNT 8150020 BANKS SUB-SUBACCOUNT 8150030 OWN TO THE HOUSE SUB-SUBACCOUNT 8150040 INDIVIDUAL PORTFOLIO MANAGEMENT (1) SUB-SUBACCOUNT 8150050 INVESTMENT FUNDS (4) SUB-ACCOUNT 8151 ISSUERS SUB-SUBACCOUNT 8151000 BANKS AND FINANCIAL INSTITUTIONS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

SUB-SUBACCOUNT 8151010 INSURANCE COMPANIES
SUB-SUBACCOUNT 8151020 COMMERCIAL COMPANIES
SUB-SUBACCOUNT 8151030 INDUSTRIAL COMPANIES
SUB-SUBACCOUNT 8151040 SERVICE COMPANIES
SUB-SUBACCOUNT 8151050 OTHER COMPANIES
DEBITS With the value of securities delivered to the Stock Exchange or Securities Clearinghouse for verification. CREDITS When the securities delivered to the Stock Exchange have been negotiated, or when they are returned because the negotiation was not finalized.

ACCOUNT 816 SECURITIES AND OTHER DOCUMENTS RECEIVED FOR CUSTODY AND COLLECTION DESCRIPTION Records the value of securities received to be transferred to custody at one of the authorized institutions, in order to maintain control over the securities held in custody on behalf of clients. Additionally, those securities that have been received to guarantee securities issuances will be recorded. SUB-ACCOUNT 8160 FIXED INCOME SECURITIES SUB-SUBACCOUNT 8160000 RETAIL CLIENTS SUB-SUBACCOUNT 8160010 PORTFOLIO MANAGEMENT SUB-SUBACCOUNT 8160020 BANKS SUB-SUBACCOUNT 8160030 INDIVIDUAL PORTFOLIO MANAGEMENT (1) SUB-SUBACCOUNT 8160040 INVESTMENT FUNDS (4) SUB-ACCOUNT 8161 VARIABLE INCOME SECURITIES SUB-SUBACCOUNT 8161000 RETAIL CLIENTS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

SUB-SUBACCOUNT 8161010 PORTFOLIO MANAGEMENT
SUB-SUBACCOUNT 8161020 BANKS
SUB-SUBACCOUNT 8161030 INDIVIDUAL PORTFOLIO MANAGEMENT (1) SUB-SUBACCOUNT 8161040 INVESTMENT FUNDS (4) SUB-ACCOUNT 8162 COUPONS SUB-SUBACCOUNT 8162000 RETAIL CLIENTS SUB-SUBACCOUNT 8162010 PORTFOLIO MANAGEMENT SUB-SUBACCOUNT 8162020 BANKS SUB-SUBACCOUNT 8162030 INDIVIDUAL PORTFOLIO MANAGEMENT (1) SUB-SUBACCOUNT 8162040 INVESTMENT FUNDS (4) SUB-ACCOUNT 8163 ISSUERS SUB-SUBACCOUNT 8163000 FIXED INCOME SECURITIES SUB-SUBACCOUNT 8163010 VARIABLE INCOME SECURITIES SUB-ACCOUNT 8164 SECURITIES RECEIVED FROM CLIENTS AS COLLATERAL DESCRIPTION Records the value of securities received from clients and custodied at CEDEVAL, to guarantee issuances, loans, and/or pledge liens, which are in "Restricted" status in the securities account. SUB-SUBACCOUNT 8164000 FOR GUARANTEE OF ISSUANCES SUB-SUBACCOUNT 8164010 FOR GUARANTEE OF LOANS SUB-SUBACCOUNT 8164020 FOR OTHER GUARANTEES SUB-ACCOUNT 8165 DOCUMENTS RECEIVED FROM CLIENTS FOR GUARANTEE OF ISSUANCES DESCRIPTION Records the value of documents in the securities account of brokerage firm clients custodied at Cedeval, to guarantee securities issuances. SUB-SUBACCOUNT 8165000 SURETIES SUB-SUBACCOUNT 8165010 LETTERS OF CREDIT

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

SUB-SUBACCOUNT 8165020 OTHER DOCUMENTS

DEBITS With the values received on behalf of clients to be custodied, against the Obligations for Control of Securities Custody account. CREDITS With the delivery of titles to the clients, against the account referred to in the previous concept, it must be segregated according to the sub-accounts, and reconciled with the auxiliary reports kept by the House.

ACCOUNT 817 DEBTOR OPERATIONS WITH BANKS
DESCRIPTION This account records operations carried out with banks, solely for financial reporting purposes since these are settled through their reserve account at the Central Reserve Bank. SUB-ACCOUNT 8170 STOCK EXCHANGE SUB-SUBACCOUNT 8170000 PRIMARY MARKET SUB-SUBACCOUNT 8170010 SECONDARY MARKET SUB-SUBACCOUNT 8170020 REPURCHASE AGREEMENTS SUB-ACCOUNT 8171 BANKS SUB-SUBACCOUNT 8171000 PRIMARY MARKET SUB-SUBACCOUNT 8171010 SECONDARY MARKET SUB-SUBACCOUNT 8171020 REPURCHASE AGREEMENTS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

DEBITS For the amount to be paid in primary market purchases and repurchase agreements, for the maturity of sales operations and primary market operations. CREDITS For the payment made in its reserve account at the Central Reserve Bank, when purchases are made or the cancellation of maturities of sales operations occurs, and for funds received when maturities are in its favor.

ITEM 82 DEBTOR ACCOUNTS FOR PORTFOLIO ADMINISTRATION SERVICES DESCRIPTION Represents the set of rights and assets acquired on behalf of third parties in the portfolio administration service. ACCOUNT 820 CASH DESCRIPTION Records the value of funds received via check or cash received to be placed in Portfolio Administration; the balance of this is generally zero, funds must be remitted on the same day. A control account must be opened for each investment portfolio, in order to segregate the respective cash. By coding the portfolios analogously to the catalog. For example:
The number of main sub-accounts to be opened will depend on the investment portfolios approved by the Superintendency of the Financial System (1). SUB-ACCOUNT 8200 PORTFOLIO X

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

SUB-SUBACCOUNT 8200000 BILLS AND COINS IN LOCAL CURRENCY SUB-SUBACCOUNT 8200010 BILLS AND COINS IN FOREIGN CURRENCY

DEBITS With the value of funds received from clients pending transfer or investment. CREDITS With the value remitted to the current account of portfolio administration, or to savings accounts or its direct allocation into other investments.

ACCOUNT 821 BANK ACCOUNTS PORTFOLIO ADMINISTRATION DESCRIPTION Records remittances, deposits, and transfers to the current accounts of portfolio admin.; if credits are to savings accounts, they must be recorded in the Investment Portfolio account. Generally its balance is zero, except when there remain in the account(s) deposits made and which have not been placed, or when commissions have not been transferred to the administrative accounts. Bank accounts will be controlled, assigning an account for each investment portfolio. As shown below:
In such a way that for each portfolio, it is possible to identify the balances maintained on their behalf in the current accounts.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

Bank reconciliations must be prepared at least monthly and archived by investment portfolio. SUB-ACCOUNT 8210 PORTFOLIO X DESCRIPTION Represents the balances of the current bank accounts corresponding to this portfolio. SUB-SUBACCOUNT 8210000 CURRENT ACCOUNT SUB-SUBACCOUNT 821000001 BANK X, ACC. CT. 00000100 SUB-SUBACCOUNT 821000002 BANK Y, ACC. CT. 00000200 SUB-ACCOUNT 8211 PORTFOLIO Y SUB-SUBACCOUNT 8211000 CURRENT ACCOUNT SUB-SUBACCOUNT 821100001 BANK X, ACC. CT. 00000100 SUB-SUBACCOUNT 821100002 BANK Y, ACC. CT. 00000200 ACCOUNT 822 INVESTMENT PORTFOLIO DESCRIPTION Records investments made with client funds, such as savings accounts, time deposits, purchase of securities in the primary, secondary market or repurchase agreements, against the Obligations for Portfolio Administration account. The balance of this account must also be backed by documentation of the investments, by investment reports for each managed portfolio. SUB-ACCOUNT 8220 PORTFOLIO X SUB-SUBACCOUNT 8220000 FIXED INCOME SECURITIES SUB-SUBACCOUNT 822000010 INVESTMENT CERTIFICATES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

SUB-SUBACCOUNT 822000020 NATIONAL BONDS
SUB-SUBACCOUNT 822000030 FOREIGN BONDS
SUB-SUBACCOUNT 822000040 STOCK EXCHANGE PAPERS SUB-SUBACCOUNT 822000050 INVESTMENTS IN SECURITIZATION FUNDS SUB-SUBACCOUNT 822000060 OTHER FIXED INCOME SECURITIES SUB-SUBACCOUNT 8220010 VARIABLE INCOME SECURITIES SUB-SUBACCOUNT 822001000 SHARES SUB-SUBACCOUNT 822001010 PARTICIPATIONS IN INVESTMENT FUNDS SUB-SUBACCOUNT 822001020 HEDGING INSTRUMENTS AND DERIVATIVES SUB-SUBACCOUNT 8220020 DEPOSITS AT BANKS SUB-SUBACCOUNT 822002000 SAVINGS ACCOUNTS SUB-SUBACCOUNT 822002010 TIME DEPOSITS SUB-SUBACCOUNT 8220030 REPURCHASE AGREEMENTS SUB-SUBACCOUNT 822003000 PURCHASES SUB-SUBACCOUNT 822003010 SALES SUB-SUBACCOUNT 8220040 ESTIMATE FOR VALUATION OF THE INVESTMENT PORTFOLIO SUB-SUBACCOUNT 822004000 FIXED INCOME SECURITIES SUB-SUBACCOUNT 822004010 VARIABLE INCOME SECURITIES

DEBITS With investments made at transacted value in bank deposits or securities and repurchase operations, for the maturity of repurchase sale operations done in the name of the portfolio.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

CREDITS With the sale of securities whether a definitive sale or through a repurchase operation. At the maturity of the titles with the value of their cancellation. For repurchase sale operations, carried out with the values of the portfolio. At the maturity of repurchase purchase operations. With the settlement of time deposits and with withdrawals of funds from bank accounts. For downward fluctuations in fair value with respect to cost, debiting the income statement and/or Net Equity account. ACCOUNT 823 YIELDS RECEIVABLE DESCRIPTION Records daily the accrued and uncollected yields, due to the term of interest payment; this account must be backed by the daily yield calculation report. Also, in the case of bank deposits, the yields corresponding to them must be identified. Yields, like investments, must be segregated by Portfolio, opening the corresponding accounts, as for example:
Clearly identifying the portfolio to which the pending collection yield belongs. SUB-ACCOUNT 8230 PORTFOLIO X SUB-SUBACCOUNT 8230000 YIELD OF FIXED INCOME SECURITIES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

SUB-SUBACCOUNT 8230010 YIELD OF VARIABLE INCOME SECURITIES SUB-SUBACCOUNT 8230020 YIELD FROM PURCHASE REPURCHASES SUB-SUBACCOUNT 8230030 YIELD FROM BANK DEPOSITS SUB-SUBACCOUNT 8230040 YIELD FROM INVESTMENT PORTFOLIO RESTRICTED DEBITS With the calculated value of earned and uncollected yields corresponding to portfolio administration investments. With accumulated interest paid at the time of acquisition of securities. With balances in favor of the client, due to the difference between estimated yields and collected yields each day. For upward fluctuations in fair value with respect to cost, crediting the income statement and/or Net Equity account. CREDITS With the collection of interest. With applied excess balances to clients, due to differences determined between what was estimated and what was collected. ACCOUNT 824 EXPENSES CHARGED TO CLIENTS DESCRIPTION Records the value of expenses incurred by the House on behalf of clients. They must be segregated by portfolio and recorded at the moment of incurring them. The creation of sub-accounts by portfolio must adhere to the respective nomenclature, for example:

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

Segregating in an evident manner the costs incurred for each portfolio. SUB-ACCOUNT 8240 PORTFOLIO X ELEMENT 8240000 CURRENT MONTH EXPENSES CHARGED TO CLIENTS SUB-SUBACCOUNT 824000000 COMMISSIONS FOR PORTFOLIO ADMINISTRATION SUB-SUBACCOUNT 824000010 COMMISSIONS FOR WITHDRAWALS MADE BY CLIENTS SUB-SUBACCOUNT 824000020 COMMISSIONS CHARGED BY THE STOCK EXCHANGE SUB-SUBACCOUNT 824000030 COMMISSIONS CHARGED BY THE BROKERAGE HOUSE SUB-SUBACCOUNT 824000040 COMMISSIONS CHARGED FOR DEPOSIT AND CUSTODY OF SECURITIES SUB-SUBACCOUNT 824000050 COST OF REPURCHASES SUB-SUBACCOUNT 824000060 OTHER EXPENSES ELEMENT 8240010 PREVIOUS MONTHS' EXPENSES CHARGED TO CLIENTS SUB-SUBACCOUNT 824001000 COMMISSIONS FOR PORTFOLIO ADMINISTRATION SUB-SUBACCOUNT 824001010 COMMISSIONS FOR WITHDRAWALS MADE BY CLIENTS SUB-SUBACCOUNT 824001020 COMMISSIONS CHARGED BY THE STOCK EXCHANGE SUB-SUBACCOUNT 824001030 COMMISSIONS CHARGED BY THE BROKERAGE HOUSE SUB-SUBACCOUNT 824001040 COMMISSIONS CHARGED FOR DEPOSIT AND CUSTODY OF SECURITIES SUB-SUBACCOUNT 824001050 COST OF REPURCHASES SUB-SUBACCOUNT 824001060 OTHER EXPENSES DEBITS With expenditures made on behalf of portfolio admin. clients. CREDITS By applying expenses as a reduction in yields payable.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

ACCOUNT 825 TAXES CHARGED TO CLIENTS
DESCRIPTION Records the value of taxes incurred by the House on behalf of clients, for the tax withheld from clients which the House must deliver to the Treasury. They must be segregated by investment portfolio, as in previous cases and as exemplified below. The recognition of movements must be recognized in the period in which they occur. SUB-ACCOUNT 8250 PORTFOLIO X ELEMENT 8250000 CURRENT MONTH TAXES CHARGED TO CLIENTS SUB-SUBACCOUNT 825000000 WITHHELD INCOME TAX SUB-SUBACCOUNT 825000010 VAT GENERATED BY COMMISSIONS SUB-SUBACCOUNT 825000020 OTHER TAXES ELEMENT 8250010 PREVIOUS MONTHS' TAXES CHARGED TO CLIENTS SUB-SUBACCOUNT 825001000 WITHHELD INCOME TAX SUB-SUBACCOUNT 825001010 VAT GENERATED BY COMMISSIONS SUB-SUBACCOUNT 825001020 OTHER TAXES

DEBITS For withholdings made and VAT generated by commissions.
CREDITS By applying withholdings and VAT to the yield payable.
ITEM 83 DEBTOR CONTROL ACCOUNTS FOR PORTFOLIO ADMINISTRATION

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

DESCRIPTION Through these accounts, money to be received from purchase repurchases made by the house, as well as the right to repurchase securities from sale repurchases, will be controlled for each portfolio. ACCOUNT 830 RIGHTS TO RECEIVE MONEY FROM PURCHASE REPURCHASES PORTFOLIO ADMINISTRATION DESCRIPTION Records the right to collect from Purchase repurchase operations, against the Obligation to resell Securities for purchase operations, which occur at the maturity of the repurchase. They must be segregated by investment portfolio, as shown in preceding accounts. SUB-ACCOUNT 8300 PORTFOLIO X SUB-SUBACCOUNT 8300000 FIXED INCOME SECURITIES SUB-SUBACCOUNT 8300010 VARIABLE INCOME SECURITIES ACCOUNT 831 REPURCHASE RIGHTS FROM SALE REPURCHASES DESCRIPTION Records the right to repurchase on securities, generated by sale repurchases, at the agreed term; it represents the amount for the repurchases. It must be segregated by investment portfolio, just like preceding accounts. SUB-ACCOUNT 8310 PORTFOLIO X DESCRIPTION An auxiliary control must be kept for each title. SUB-SUBACCOUNT 8310000 FIXED INCOME SECURITIES SUB-SUBACCOUNT 8310010 VARIABLE INCOME SECURITIES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

DEBITS For the right created upon making a purchase repurchase, on behalf of the portfolio, at the price of the repurchase operation. CREDITS At the maturity of purchase repurchases, upon receiving funds, and delivering the securities. ITEM 84 DEBTOR ACCOUNTS FOR INDIVIDUAL PORTFOLIO ADMINISTRATION SERVICES (1) DESCRIPTION Represents the set of rights and assets acquired on behalf of third parties in the individual portfolio administration service. (1) ACCOUNT 840 CASH (1) DESCRIPTION Records the value of funds received via check or cash received to be managed in relation to individual portfolio administration; the balance of this is generally zero, funds must be remitted on the same day. (1) This account will be consolidated from the individual amounts of the administered portfolios. (1) An auxiliary control must be prepared for each administered portfolio, in order to segregate the respective cash. (1) SUB-ACCOUNT 8400 CASH (1) SUB-SUBACCOUNT 8400000 BILLS AND COINS IN LOCAL CURRENCY (1) SUB-SUBACCOUNT 8400010 BILLS AND COINS IN FOREIGN CURRENCY (1)

DEBITS With the value of funds received from clients pending transfer or investment. (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

CREDITS With the value remitted to the current account of individual portfolio administration, or to savings accounts or its direct allocation into other investments. (1)

ACCOUNT 841 BANK ACCOUNTS INDIVIDUAL PORTFOLIO ADMINISTRATION (1) DESCRIPTION Records remittances, deposits, and transfers to the current accounts of Individual portfolio admin.; if credits are to savings accounts, they must be recorded in the Investment Portfolio account. (1) Generally its balance is zero, except when there remain in the account(s) deposits made and which have not been placed, or when commissions have not been transferred to the individual administrative accounts. (1) A register must be prepared in order to control the bank accounts related to individual portfolio administration. In such a way that for each administered portfolio, it is possible to identify the balances maintained on their behalf in the current accounts. (1) Bank reconciliations must be prepared at least monthly and archived by each individually administered portfolio. (1)

SUB-ACCOUNT 8410 BANKS (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

DESCRIPTION Represents the total balances of the individual balances of bank accounts administered by the house, corresponding to the individual portfolio administration service. (1) A register must be prepared in order to control bank accounts in favor of third parties to whom the House provides the individual portfolio administration service. These balances must coincide with the off-balance sheet account and the respective auxiliary register. (1) SUB-SUBACCOUNT 8410000 CURRENT ACCOUNT (1) ACCOUNT 842 INVESTMENT PORTFOLIO (1) DESCRIPTION Records investments made with client funds, such as savings accounts, time deposits, purchase of securities in the primary, secondary market or repurchase agreements, against the Obligations for Individual Portfolio Administration account. The balance must be expressed in consolidated amounts of the individual amounts of the administered portfolios. This account must be backed by documentation of the investments, by investment reports for each administered portfolio. (1) A register must be prepared where investments made by each administered portfolio are detailed. (1) SUB-ACCOUNT 8420 INVESTMENTS (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

SUB-SUBACCOUNT 8420000 FIXED INCOME SECURITIES (1) SUB-SUBACCOUNT 842000010 INVESTMENT CERTIFICATES (1) SUB-SUBACCOUNT 842000020 NATIONAL BONDS (1) SUB-SUBACCOUNT 842000030 FOREIGN BONDS (1) SUB-SUBACCOUNT 842000040 STOCK EXCHANGE PAPERS (1) SUB-SUBACCOUNT 842000050 INVESTMENTS IN SECURITIZATION FUNDS (1) SUB-SUBACCOUNT 842000060 OTHER FIXED INCOME SECURITIES (1) SUB-SUBACCOUNT 8420010 VARIABLE INCOME SECURITIES (1) SUB-SUBACCOUNT 842001000 SHARES (1) SUB-SUBACCOUNT 842001010 PARTICIPATIONS IN INVESTMENT FUNDS (1) SUB-SUBACCOUNT 842001020 HEDGING INSTRUMENTS AND DERIVATIVES (1) SUB-SUBACCOUNT 8420020 DEPOSITS AT BANKS (1) SUB-SUBACCOUNT 842002000 SAVINGS ACCOUNTS (1) SUB-SUBACCOUNT 842002010 TIME DEPOSITS (1) SUB-SUBACCOUNT 8420030 REPURCHASE AGREEMENTS (1) SUB-SUBACCOUNT 842003000 PURCHASES (1) SUB-SUBACCOUNT 842003010 SALES (1) SUB-SUBACCOUNT 8420040 ESTIMATE FOR VALUATION OF THE INVESTMENT PORTFOLIO (1) SUB-SUBACCOUNT 842004000 FIXED INCOME SECURITIES (1) SUB-SUBACCOUNT 842004010 VARIABLE INCOME SECURITIES (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

DEBITS With investments made at transacted value in bank deposits or securities and repurchase operations, for the maturity of repurchase sale operations done in the name of the administered portfolios. (1)

CREDITS With the sale of securities whether a definitive sale or through a repurchase operation. (1) At the maturity of the titles with the value of their cancellation. (1) For repurchase sale operations, carried out with the values of the administered portfolios. (1) At the maturity of repurchase purchase operations. (1) With the settlement of time deposits and with withdrawals of funds from bank accounts. (1) For downward fluctuations in fair value with respect to cost, debiting the income statement and/or Net Equity account. (1) ACCOUNT 843 YIELDS RECEIVABLE (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE FIRMS Approval: 06/16/2010 Validity: 10/01/2010

DESCRIPTION Records daily the total yields of the administered portfolios accrued and uncollected, due to the term of interest payment. This account must be backed by the daily yield calculation report. Also, in the case of bank deposits, the yields corresponding to them must be identified. (1) An auxiliary control must be prepared where yields are segregated by each administered portfolio. Clearly identifying the portfolio to which the pending collection yield belongs. (1)

SUB-ACCOUNT 8430 EARNINGS RECEIVABLE (1)
SUB-SUBACCOUNT 8430000 FIXED INCOME SECURITIES EARNINGS (1) SUB-SUBACCOUNT 8430010 VARIABLE INCOME SECURITIES EARNINGS (1) SUB-SUBACCOUNT 8430020 REPURCHASE AGREEMENTS PURCHASE EARNINGS (1) SUB-SUBACCOUNT 8430030 BANK DEPOSIT EARNINGS (1) SUB-SUBACCOUNT 8430040 RESTRICTED INVESTMENT PORTFOLIO EARNINGS (1) DEBITS With the calculated value of earned but uncollected earnings corresponding to individual portfolio management investments. (1) By accrued interest paid at the time of acquisition of securities. (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 With balances in favor of clients, due to the difference between estimated earnings and collected earnings on each day. (1) By upward fluctuations in fair value compared to cost, crediting the income statement and/or Net Equity account. (1) CREDITS With the collection of interest. (1) With applied balance differences in favor of clients, determined between what was estimated and what was collected. (1) ACCOUNT 844 EXPENSES CHARGED TO CLIENTS (1) DESCRIPTION Records the value of expenses incurred by the House on behalf of clients. (1) An auxiliary control must be prepared where segregation is made by each administered portfolio and recorded at the moment they are incurred. Segregating in an evident manner the costs incurred for each administered portfolio. (1)

SUB-ACCOUNT 8440 EARNINGS RECEIVABLE (1)
ELEMENT 8440000 CURRENT MONTH EXPENSES CHARGED TO CLIENTS (1) SUB-SUBACCOUNT 844000000 COMMISSIONS FOR INDIVIDUAL PORTFOLIO MANAGEMENT (1) SUB-SUBACCOUNT 844000010 COMMISSIONS FOR WITHDRAWALS EFFECTED BY CLIENTS (1) SUB-SUBACCOUNT 844000020 COMMISSIONS CHARGED BY THE STOCK EXCHANGE (1) SUB-SUBACCOUNT 844000030 COMMISSIONS CHARGED BY THE BROKERAGE HOUSE (1) SUB-SUBACCOUNT 844000040 COMMISSIONS CHARGED FOR DEPOSIT AND CUSTODY OF SECURITIES (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 SUB-SUBACCOUNT 844000050 REPURCHASE COSTS (1) SUB-SUBACCOUNT 844000060 OTHER EXPENSES (1) ELEMENT 8440010 PREVIOUS MONTHS' EXPENSES CHARGED TO CLIENTS (1) SUB-SUBACCOUNT 844001000 COMMISSIONS FOR INDIVIDUAL PORTFOLIO MANAGEMENT (1) SUB-SUBACCOUNT 844001010 COMMISSIONS FOR WITHDRAWALS EFFECTED BY CLIENTS (1) SUB-SUBACCOUNT 844001020 COMMISSIONS CHARGED BY THE STOCK EXCHANGE (1) SUB-SUBACCOUNT 844001030 COMMISSIONS CHARGED BY THE BROKERAGE HOUSE (1) SUB-SUBACCOUNT 844001040 COMMISSIONS CHARGED FOR DEPOSIT AND CUSTODY OF SECURITIES (1) SUB-SUBACCOUNT 844001050 REPURCHASE COSTS (1) SUB-SUBACCOUNT 844001060 OTHER EXPENSES (1) DEBITS With disbursements made on behalf of individual portfolio management clients. (1)

CREDITS By the application of expenses as a decrease in earnings payable. (1) ACCOUNT 845 TAXES CHARGED TO CLIENTS (1) DESCRIPTION Records the value of taxes incurred by the House on behalf of clients, for the tax withheld from clients which the House must deliver to the Tax Authority. (1) An auxiliary control must be prepared where segregation is made by each administered portfolio of the value of taxes incurred by the House on behalf of the client. The recognition of movements must be recognized in the period in which they occur. (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 SUB-ACCOUNT 8450 TAXES CHARGED TO CLIENTS (1) ELEMENT 8450000 CURRENT MONTH TAXES CHARGED TO CLIENTS (1) SUB-SUBACCOUNT 845000000 WITHHELD INCOME TAX (1) SUB-SUBACCOUNT 845000010 VAT GENERATED BY COMMISSIONS (1) SUB-SUBACCOUNT 845000020 OTHER TAXES (1) ELEMENT 8450010 PREVIOUS MONTHS' TAXES CHARGED TO CLIENTS (1) SUB-SUBACCOUNT 845001000 WITHHELD INCOME TAX (1) SUB-SUBACCOUNT 845001010 VAT GENERATED BY COMMISSIONS (1) SUB-SUBACCOUNT 845001020 OTHER TAXES (1)

DEBITS For withholdings performed and VAT generated by commissions (1) CREDITS By the application of withholdings and VAT to earnings payable. (1) ITEM 85 DEBTOR CONTROL ACCOUNTS FOR INDIVIDUAL PORTFOLIO MANAGEMENT (1) DESCRIPTION Through these accounts, the money to be received by the house for purchase repurchase agreements performed, as well as the right to repurchase securities for sale repurchase agreements, will be controlled by the administered portfolios. (1) ACCOUNT 850 RIGHTS TO RECEIVE MONEY FROM PURCHASE REPURCHASE AGREEMENTS FOR INDIVIDUAL PORTFOLIO MANAGEMENT (1) DESCRIPTION Records the right to collect from repurchase purchase operations, against the Resale Obligation of Securities for purchase operations, which are performed at the maturity of the repurchase, expressed in total amounts. (1) An auxiliary control must be prepared for each administered portfolio. (1) SUB-ACCOUNT 8500 RIGHTS TO RECEIVE MONEY FROM PURCHASE REPURCHASE AGREEMENTS (1) SUB-SUBACCOUNT 8500000 FIXED INCOME SECURITIES (1) SUB-SUBACCOUNT 8500010 VARIABLE INCOME SECURITIES (1) ACCOUNT 851 REPURCHASE RIGHTS FROM SALE REPURCHASE AGREEMENTS (1) DESCRIPTION Records the right to repurchase on securities, which generate sale repurchase agreements, at the agreed term; it represents the amount for the repurchases. (1) SUB-ACCOUNT 8510 REPURCHASE RIGHTS FROM SALE REPURCHASE AGREEMENTS (1) DESCRIPTION An auxiliary control must be maintained for each individually administered portfolio. (1) SUB-SUBACCOUNT 8510000 FIXED INCOME SECURITIES (1) SUB-SUBACCOUNT 8510010 VARIABLE INCOME SECURITIES (1)

DEBITS For the right created when performing a purchase repurchase, on behalf of the portfolio, at the price of the repurchase operation. (1) CREDITS At the maturity of purchase repurchases, upon receiving funds, and delivering securities. (1) ELEMENT 9 OBLIGATIONS FOR BURSÁTILE OPERATIONS SERVICES, PORTFOLIO MANAGEMENT AND INDIVIDUAL PORTFOLIO MANAGEMENT (1) (5)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 DESCRIPTION Comprises creditor accounts to register obligations in cash and securities, for portfolio management operations, as well as expenses and taxes applied on behalf of clients.
SECTION 91 OBLIGATIONS FOR FUNDS RECEIVED FROM CLIENTS FOR BURSÁTILE OPERATIONS
DESCRIPTION This section contains the accounts necessary for the registration of obligations on behalf of clients to whom the entity provides bursátil services. ACCOUNT 910 OBLIGATIONS FOR FUNDS RECEIVED FROM CLIENTS DESCRIPTION Registers funds received from clients that have not been invested; generally all funds are invested, but in cases where funds are received at hours when investment can no longer be made, or also when funds are received before trading, they must be registered in this account. SUB-ACCOUNT 910 NATURAL PERSONS SUB-SUBACCOUNT 9100000 FOR LOCAL OPERATIONS SUB-SUBACCOUNT 9100010 FOR FOREIGN OPERATIONS SUB-ACCOUNT 9101 LEGAL ENTITIES SUB-SUBACCOUNT 9101000 FOR LOCAL OPERATIONS SUB-SUBACCOUNT 9101010 FOR FOREIGN OPERATIONS DEBITS When investing client funds, against Payable Accounts (to the issuer or to the Exchange depending on the case), or against receivable accounts, when funds have been delivered firmly in advance to a foreign intermediary.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 CREDITS With money received from clients before negotiation. With funds received belonging to clients. ACCOUNT 911 ACCOUNTS PAYABLE DESCRIPTION Registers the value of obligations payable to the Exchange, to the Securities Central, to investors or to issuers (4). SUB-ACCOUNT 9110 STOCK EXCHANGE SUB-SUBACCOUNT 9110000 AT TODAY SUB-SUBACCOUNT 9110010 AT SPOT SUB-SUBACCOUNT 9110020 AT TERM SUB-SUBACCOUNT 9110030 OPTIONAL SUB-SUBACCOUNT 9110040 MATURITY OF THIRD-PARTY REPURCHASES SUB-SUBACCOUNT 9110050 MATURITY OF PORTFOLIO REPURCHASES SUB-SUBACCOUNT 9110060 MATURITY OF BANK REPURCHASES SUB-SUBACCOUNT 9110070 MATURITY OF BROKERAGE HOUSE REPURCHASES SUB-SUBACCOUNT 9110080 MATURITY OF INDIVIDUAL PORTFOLIO REPURCHASES (1) SUB-SUBACCOUNT 9110090 MATURITY OF INVESTMENT FUND REPURCHASES (4) SUB-ACCOUNT 9111 INVESTORS SUB-SUBACCOUNT 9111000 SALES OPERATIONS SUB-SUBACCOUNT 9111010 EARNINGS PAYABLE SUB-SUBACCOUNT 9111020 SECURITIES DUE PAYABLE SUB-SUBACCOUNT 9111030 MATURITY OF THIRD-PARTY REPURCHASES SUB-SUBACCOUNT 9111040 MATURITY OF PORTFOLIO REPURCHASES SUB-SUBACCOUNT 9111050 MATURITY OF BANK REPURCHASES SUB-SUBACCOUNT 9111060 MATURITY OF BROKERAGE HOUSE REPURCHASES SUB-SUBACCOUNT 9111070 FOR FOREIGN OPERATIONS SUB-SUBACCOUNT 9111080 OTHER BURSÁTILE ACCOUNTS PAYABLE SUB-SUBACCOUNT 9111090 MATURITY OF INDIVIDUAL PORTFOLIO REPURCHASE (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 SUB-SUBACCOUNT 9111100 MATURITY OF INVESTMENT FUND REPURCHASE (4) SUB-ACCOUNT 9112 ISSUERS SUB-SUBACCOUNT 9112000 FOR ISSUER TRADING SUB-ACCOUNT 9113 FOREIGN INTERMEDIARIES SUB-SUBACCOUNT 9113000 FOREIGN INTERMEDIARIES SUB-ACCOUNT 9114 SECURITIES CENTRAL (4) SUB-SUBACCOUNT 9114000 SECURITIES CENTRAL (4) SUB-SUBACCOUNT 9114010 AT TODAY (4) SUB-SUBACCOUNT 9114020 AT SPOT (4) SUB-SUBACCOUNT 9114030 AT TERM (4) SUB-SUBACCOUNT 9114040 OPTIONAL (4) SUB-SUBACCOUNT 9114050 MATURITY OF THIRD-PARTY REPURCHASES (4) SUB-SUBACCOUNT 9114060 MATURITY OF PORTFOLIO REPURCHASES (4) SUB-SUBACCOUNT 9114070 MATURITY OF BANK REPURCHASES (4) SUB-SUBACCOUNT 9114080 MATURITY OF BROKERAGE HOUSE REPURCHASES (4) SUB-SUBACCOUNT 9114090 MATURITY OF INDIVIDUAL PORTFOLIO REPURCHASE (4) SUB-SUBACCOUNT 9114100 MATURITY OF INVESTMENT FUND REPURCHASE (4) DEBITS With the value of purchases and maturity of sale repurchases, upon settlement with the Securities Central. (4) With the value of operations performed in trading systems at the Exchange. (4) With the value paid to investors and issuers. With the value of purchases and maturity of sale repurchases, upon settlement with the Exchange.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 With the value paid to investors, issuers or foreign intermediaries. CREDITS With the value payable to the Securities Central for purchase operations and maturity of sale repurchases. (4) With the value payable to investors and issuers for investments or cancellations. With the value of purchase operations performed at the Exchange in the respective trading systems. (4) With the value payable to investors and issuers for investments or cancellations. With the value payable to foreign intermediaries for bursátil operations. ACCOUNT 912 SECURITIES PENDING NEGOTIATION DESCRIPTION Registers securities received before negotiation, received as sell orders. SUB-ACCOUNT 9120 INVESTORS SUB-SUBACCOUNT 9120000 FIXED INCOME SECURITIES SUB-SUBACCOUNT 9120010 VARIABLE INCOME SECURITIES SUB-SUBACCOUNT 9120020 REPURCHASES SUB-ACCOUNT 9121 ISSUERS SUB-SUBACCOUNT 9121000 FIXED INCOME SECURITIES SUB-SUBACCOUNT 9121010 VARIABLE INCOME SECURITIES DEBITS With securities received for negotiation, delivered to the Exchange, to the securities central or to the buyer. CREDITS With securities received for negotiation. ACCOUNT 913 SECURITIES TO DELIVER

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 DESCRIPTION Registers the transacted value of securities negotiated and which houses have not delivered to the Securities Central, to clients or to foreign intermediaries. SUB-ACCOUNT 9130 CEDEVAL SUB-SUBACCOUNT 9130000 OPERATIONS SUB-SUBACCOUNT 9130010 MATURITY OF THIRD-PARTY REPURCHASES SUB-SUBACCOUNT 9130020 MATURITY OF PORTFOLIO REPURCHASES SUB-SUBACCOUNT 9130030 MATURITY OF BANK REPURCHASES SUB-SUBACCOUNT 9130040 MATURITY OF BROKERAGE HOUSE REPURCHASES SUB-SUBACCOUNT 9130050 MATURITY OF INDIVIDUAL PORTFOLIO REPURCHASE (1) SUB-SUBACCOUNT 9130060 MATURITY OF INVESTMENT FUND REPURCHASES (4) SUB-ACCOUNT 9131 INVESTORS SUB-SUBACCOUNT 9131000 OPERATIONS SUB-SUBACCOUNT 9131010 MATURITY OF THIRD-PARTY REPURCHASES SUB-SUBACCOUNT 9131020 MATURITY OF PORTFOLIO REPURCHASES SUB-SUBACCOUNT 9131030 MATURITY OF BANK REPURCHASES SUB-SUBACCOUNT 9131040 MATURITY OF BROKERAGE HOUSE REPURCHASES SUB-SUBACCOUNT 9131050 MATURITY OF INDIVIDUAL PORTFOLIO REPURCHASES (1) SUB-SUBACCOUNT 9131060 MATURITY OF INVESTMENT FUND REPURCHASES (4) SUB-ACCOUNT 9132 FOREIGN INTERMEDIARIES SUB-SUBACCOUNT 9132000 FOREIGN INTERMEDIARIES DEBITS With the value of titles delivered. CREDITS With the value of titles negotiated pending delivery.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 Upon performing purchase repurchases, with the amount to be collected for repurchase maturities. With the value of titles returned to the client for not having been negotiated. ACCOUNT 914 CONTROL OF SECURITIES RECEIVED FOR CUSTODY DESCRIPTION Registers obligations for investor client or issuer titles held in custody at an authorized institution. SUB-ACCOUNT 9140 SECURITIES CUSTODIANS SUB-SUBACCOUNT 9140000 CENTRAL DEPOSIT AND CUSTODY OF SECURITIES SUB-SUBACCOUNT 9140010 STOCK EXCHANGE SUB-SUBACCOUNT 9140020 CENTRAL RESERVE BANK SUB-SUBACCOUNT 9140030 AGRICULTURAL BANK SUB-SUBACCOUNT 9140040 HSBC SALVADORIAN BANK SUB-SUBACCOUNT 9140050 MORTGAGE BANK OF EL SALVADOR SUB-SUBACCOUNT 9140060 CITIBANK EL SALVADOR BANK SUB-SUBACCOUNT 9140070 CITIBANK, N.A. EL SALVADOR BRANCH SUB-SUBACCOUNT 9140080 AGRICULTURAL PROMOTION BANK SUB-SUBACCOUNT 9140090 G&T CONTINENTAL EL SALVADOR BANK SUB-SUBACCOUNT 9140100 PROMERICA BANK SUB-SUBACCOUNT 9140110 SCOTIABANK EL SALVADOR SUB-SUBACCOUNT 9140120 CENTRAL AMERICA BANK SUB-SUBACCOUNT 9140130 PROCREDIT BANK SUB-SUBACCOUNT 9140140 AZTECA EL SALVADOR BANK

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 DEBITS Upon delivering titles to clients and ending the obligation for custody control. CREDITS With the value of titles and coupons received from clients or issuers and delivered to custody at one of the authorized institutions. ACCOUNT 915 CREDITOR OPERATIONS WITH BANKS DESCRIPTION In this account, obligations for operations performed with banks will be registered, solely for financial reporting purposes since these are settled through their reserve account at the Central Bank. SUB-ACCOUNT 9150 STOCK EXCHANGE SUB-SUBACCOUNT 9150000 PRIMARY MARKET SUB-SUBACCOUNT 9150010 SECONDARY MARKET SUB-SUBACCOUNT 9150020 REPURCHASES SUB-ACCOUNT 9151 BANKS SUB-SUBACCOUNT 9151000 PRIMARY MARKET SUB-SUBACCOUNT 9151010 SECONDARY MARKET SUB-SUBACCOUNT 9151020 REPURCHASES DEBITS For payment made or funds received, from their reserve account at the Central Bank. CREDITS For the obligation in the amount to be paid for primary market purchases, sale repurchases, primary market maturities in favor plus earnings.
SECTION 92 CREDITOR ACCOUNTS FOR OBLIGATIONS FOR PORTFOLIO MANAGEMENT SERVICES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 DESCRIPTION Comprises creditor accounts for those operations whereby the entity receives cash or its equivalent for the acquisition of securities, as well as third-party securities for their administration. Includes creditor control accounts to register investments to be made, obligations arising from portfolio management operations with clients and brokerage houses; as well, earnings in favor of clients and repurchases payable. ACCOUNT 920 INVESTMENTS TO BE MADE FOR PORTFOLIO MANAGEMENT DESCRIPTION Registers the value of funds received from portfolio management clients that have not been invested. Accounts must be opened for control of each portfolio, coding according to the chart of accounts manual; for example, a Brokerage House with two portfolios would have:
SUB-ACCOUNT 9200 PORTFOLIO X
SUB-ACCOUNT 9201 PORTFOLIO Y
DESCRIPTION Maintaining control over clients who made contributions.

DEBITS When investing Client Funds.
CREDITS With the value of funds received, still not invested in Banks or in securities, against the Client Cash account. ACCOUNT 921 OBLIGATIONS FOR PORTFOLIO MANAGEMENT

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 DESCRIPTION This account registers the obligations the House has with portfolio management clients for each of the plans or portfolios, coding as exemplified in analogous accounts. SUB-ACCOUNT 9210 PORTFOLIO X Each respective sub-account must be kept for each of the portfolios. As an example:
DEBITS With settlement to clients for withdrawing funds.
With expenses charged to clients decreased from the obligation.
CREDITS With the value of obligations acquired by the House for client funds, when performing the investment, either as new capital contribution or reinvestment. By earnings applied to client balances. ACCOUNT 922 OBLIGATIONS WITH THIRD PARTIES DESCRIPTION Registers the obligations the house has on behalf of portfolio management clients, with third parties, including the Brokerage House. Segregating by sub-account in each portfolio, as has been done in analogous accounts. SUB-ACCOUNT 9220 PORTFOLIO X ELEMENT 9220000 OBLIGATIONS WITH THIRD PARTIES ELEMENT 922000000 COMMISSIONS PAYABLE DESCRIPTION Commissions payable shall reflect the sum of the value charged for the service plus the respective value added tax. ELEMENT 922000010 WITHHELD INCOME TAX PAYABLE ELEMENT 922000020 LOANS CHARGED TO CLIENTS PAYABLE

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 DESCRIPTION Must be revealed in the corresponding note in favor of whom the loans are, with all characteristics of the credit. ELEMENT 922000030 FOR PRESCRIBED CLIENT CHECKS ELEMENT 922000040 OTHER ACCOUNTS PAYABLE

DEBITS When canceling the obligation on behalf of clients.
CREDITS For the obligation acquired on behalf of clients.
ACCOUNT 923 EARNINGS IN FAVOR OF CLIENTS
DESCRIPTION Registers the obligation for earnings payable to clients, segregating them by each investment portfolio. SUB-ACCOUNT 9230 PORTFOLIO X SUB-SUBACCOUNT 9230000 FOR PORTFOLIO MANAGEMENT DEBITS With payment, with the application of expenses charged to clients and with investment of interest. With payment of earnings. CREDITS With the value of interest to be paid to portfolio investors. With the total value of investment earnings that have accrued but have not been capitalized, due to the capitalization periods of some Portfolios. ACCOUNT 924 ACCOUNTS PAYABLE TO CLIENTS

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 DESCRIPTION This account will group the balances of client funds that have canceled their investment and have not collected them after one year from the issuance of their respective check. These withdrawn funds must be maintained in a bank account of the Portfolio Management opened solely for this purpose, until clients present themselves to make the collection effective. A detail must be kept by portfolio, and within the portfolio a detail of each client including their account number and their pending investment, specifying the date and reason for account cancellation. SUB-ACCOUNT 9240 PORTFOLIO X DEBITS With the collection of cash by clients, resulting from their cancellation of a portfolio management account, after one year from having issued their check. CREDITS With funds not collected by clients, passed one year from issuing the respective checks.
SECTION 93 CREDITOR CONTROL ACCOUNTS FOR PORTFOLIO MANAGEMENT
DESCRIPTION Registers obligations to disburse in cash for sale repurchases performed in the name of the portfolio, as well as the obligation to resell securities for purchase repurchases performed. ACCOUNT 930 OBLIGATIONS FOR SALE REPURCHASE OF SECURITIES

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010 DESCRIPTION Registers the obligation acquired when performing sale repurchases, for the value of the operation to be paid at maturity. Sub-accounts must be identified for each investment portfolio. Its movement is against the Repurchase Rights account for sale repurchases, in portfolio management accounts. SUB-ACCOUNT 9300 PORTFOLIO X SUB-SUBACCOUNT 9300000 OBLIGATIONS FOR REPURCHASE OF SECURITIES SUB-SUBACCOUNT 9300010 EARNINGS PAYABLE FOR SALE REPURCHASE OF SECURITIES

DEBITS With payment of the obligation, at the maturity of the repurchase. CREDITS With the obligation acquired. ACCOUNT 931 RESALE OBLIGATION OF SECURITIES, FOR PURCHASE REPURCHASES DESCRIPTION Registers the obligation to deliver securities acquired temporarily in repurchase operations. It must be segregated by each portfolio the obligation, as exemplified in analogous accounts. Its contra account is Rights to receive money, for purchase repurchases of portfolio management. SUB-ACCOUNT 9310 PORTFOLIO X SUB-SUBACCOUNT 9310000 FIXED INCOME SECURITIES SUB-SUBACCOUNT 9310010 VARIABLE INCOME SECURITIES

DEBITS Upon delivering securities at the maturity of purchase repurchases. CREDITS Upon performing the purchase repurchase, for the obligation to deliver titles at maturity.

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

SUBJECT 94 CREDITOR ACCOUNTS FOR OBLIGATIONS FROM INDIVIDUAL PORTFOLIO ADMINISTRATION SERVICES (1) DESCRIPTION Comprises creditor accounts for those operations whereby the entity receives cash or its equivalent for the acquisition of securities, as well as third-party securities for their administration. Includes control creditor accounts to record investments pending, the obligations arising from individual portfolio administration operations with clients and brokerages; as well as, yields in favor of clients and payables for repos. (1)

ACCOUNT 940 INVESTMENTS PENDING FOR INDIVIDUAL PORTFOLIO ADMINISTRATION (1) DESCRIPTION Records the value of funds received from individual portfolio admin. clients that have not yet been invested. (1)

SUB-ACCOUNT 9400 INVESTMENTS PENDING FOR INDIVIDUAL PORTFOLIO ADMINISTRATION (1) DESCRIPTION Maintaining an auxiliary control for the clients who made the deposits of funds received from the clients to whom the house provides the service of individual portfolio administration. (1)

DEBITS When investing Client Funds (1)
CREDITS With the value of the funds received, still not invested in Banks or in securities, against the Client Cash account. (1)

ACCOUNT 941 OBLIGATIONS FOR PORTFOLIO ADMINISTRATION (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

DESCRIPTION This account records the obligations that the House has with portfolio admin. clients. (1)

SUB-ACCOUNT 9410 OBLIGATIONS FOR PORTFOLIO ADMINISTRATION (1) An auxiliary control must be maintained for each portfolio administered by the house. (1)

DEBITS With the settlement to clients for withdrawing funds (1) With expenses charged to clients decreased from the obligation. (1) CREDITS With the value of the obligations that the House assumes for client funds, when it makes the investment, whether as a new capital contribution or reinvestment. (1) For the yields that are applied to client balances. (1)

ACCOUNT 942 OBLIGATIONS WITH THIRD PARTIES (1) DESCRIPTION Records the obligations that the house has on behalf of portfolio administration clients, with third parties, including the Brokerage House, expressed in total amounts of the individual ones for the portfolios administered. An auxiliary control must be prepared for each portfolio administered. (1)

SUB-ACCOUNT 9420 OBLIGATIONS WITH THIRD PARTIES (1) ELEMENT 9420000 OBLIGATIONS WITH THIRD PARTIES (1) ELEMENT 942000000 COMMISSIONS PAYABLE (1) DESCRIPTION The commissions payable shall reflect the sum of the value charged for the service plus the respective value-added tax. (1)

ELEMENT 942000010 INCOME TAX WITHHELD PAYABLE (1) ELEMENT 942000020 LOANS CHARGED TO CLIENTS PAYABLE (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

DESCRIPTION Must be disclosed in the corresponding note in favor of whom the loans are, with all the characteristics of the credit. (1)

ELEMENT 942000030 FOR PRESCRIBED CHECKS FROM CLIENTS (1) ELEMENT 942000040 OTHER ACCOUNTS PAYABLE (1)

DEBITS When canceling the obligation on behalf of clients (1) CREDITS For the obligation acquired on behalf of clients (1)

ACCOUNT 943 YIELD IN FAVOR OF CLIENTS (1)
DESCRIPTION Records the obligation for yields payable to clients. (1) An auxiliary control must be prepared where yields payable are segregated for each client. (1)

SUB-ACCOUNT 9430 YIELD IN FAVOR OF CLIENTS (1) SUB-SUBACCOUNT 9430000 FOR PORTFOLIO ADMINISTRATION (1)

DEBITS With payment, with the application of expenses charged to clients and with investment of interest. (1) With the payment of yields (1) CREDITS With the value of interest to be paid to investors in the administered portfolios. (1) With the total value of the yields from investments that have accrued but have not been capitalized, due to the capitalization periods of the administered portfolios. (1)

ACCOUNT 944 ACCOUNTS PAYABLE TO CLIENTS (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

DESCRIPTION This account groups the balances of client funds that have canceled their investment and that have been transferred to the bank account that the clients have designated to credit balances (1) An itemized detail must be kept per client, including the account number and amounts sent to the account for crediting balances. (1)

SUB-ACCOUNT 9440 ACCOUNTS PAYABLE TO CLIENTS (1)

DEBITS With the collection of cash by clients, resulting from the transfer to accounts for crediting balances. (1)

SUBJECT 95 CONTROL CREDITOR ACCOUNTS FOR INDIVIDUAL PORTFOLIO ADMINISTRATION. (1) DESCRIPTION Records obligations to be disbursed in cash for sales repos made in the name of the portfolios carried out, as well as the obligation to resell securities for purchase repos effected. (1)

ACCOUNT 950 OBLIGATIONS FOR SALE REPO OF SECURITIES (1) DESCRIPTION Records the obligation assumed when carrying out sales repos, for the value of the operation that will be paid at maturity. Its movement is against the account of Rights to repurchase for sales repos, in individual portfolio administration accounts. (1) An auxiliary control must be prepared where the obligation assumed when carrying out sales repos is identified by managed portfolio, for the value of the operation that will be paid at maturity. (1)

CDSV-11/2010
RCTG-16/2010
MANUAL AND CHART OF ACCOUNTS FOR BROKERAGE HOUSES Approval: 06/16/2010 Validity: 10/01/2010

SUB-ACCOUNT 9500 OBLIGATIONS FOR SALE REPO OF SECURITIES (1) SUB-SUBACCOUNT 9500000 OBLIGATIONS FOR REPURCHASE OF SECURITIES (1) SUB-SUBACCOUNT 9500010 YIELDS PAYABLE FOR SALE REPO OF SECURITIES (1)

DEBITS With the payment of the obligation, at the maturity of the repo. (1) CREDITS With the obligation acquired. (1)

ACCOUNT 951 OBLIGATION TO RESSELL SECURITIES, FOR PURCHASE REPOS (1) DESCRIPTION Records the obligation to deliver the securities temporarily acquired in repo operations. Its contra-account is Rights to receive in money, for purchase repos of individual portfolio administration. (1) An auxiliary register must be prepared where the obligation is segregated for each portfolio. (1)

SUB-ACCOUNT 9510 OBLIGATION TO RESSELL SECURITIES, FOR PURCHASE REPOS (1) SUB-SUBACCOUNT 9510000 FIXED INCOME SECURITIES (1) SUB-SUBACCOUNT 9510010 VARIABLE INCOME SECURITIES (1)

DEBITS Upon delivering the securities at the maturity of the purchase repos. (1) CREDITS Upon effecting the purchase repo, for the obligation to deliver the titles at maturity. (1)

CHAPTER V
OTHER PROVISIONS (5)

A. SANCTIONS (5)
Non-compliance with the provisions contained in this Manual and Chart of Accounts will be sanctioned in accordance with what is established in the Law on Supervision and Regulation of the Financial System. (5)

B. UNFORESEEN ASPECTS (5)
Aspects not foreseen in regulatory matters in this Manual and Chart of Accounts will be resolved by the Central Bank through its Standards Committee. (5)

MODIFICATIONS:
(1) Modifications approved by the Standards Committee of the Central Reserve Bank of El Salvador, in Session No. CN 03/2016 dated March 16, two thousand sixteen, with validity starting from April 11, two thousand sixteen. (2) Modification approved by the Standards Committee of the Central Reserve Bank of El Salvador, in Session No. CN-10/2016, dated October 12, two thousand sixteen, with validity starting from October 17, two thousand sixteen. (3) Modifications approved by the Standards Committee of the Central Reserve Bank of El Salvador, in Session No. CN-11/2016, dated October 26, two thousand sixteen, with validity starting from November 15, two thousand sixteen. (4) Modifications approved by the Central Reserve Bank of El Salvador, through its Standards Committee, in Session No. CN-09/2018, dated September 28, two thousand eighteen, with validity starting from October 8, two thousand eighteen. (5) Modifications to Chapter I letters B and C, Chapter II letters A, B, incorporating additionally letter D and incorporation of Chapter V approved by the Central Reserve Bank of El Salvador, through its Standards Committee, in Session No. CN-22/2020, dated December 16, two thousand twenty, with validity starting from January 4, two thousand twenty-one. (6) Modifications to Chapters III and IV, approved by the Central Reserve Bank of El Salvador, through its Standards Committee, in Session No. CN-10/2022, dated November 15, two thousand twenty-two, with validity starting from December 2, two thousand twenty-two.