Minimum cash. Financing to the non-financial public sector. Adjustments

2020 - YEAR OF GENERAL MANUEL BELGRANO

COMMUNICATION “A” 7016
14/05/2020

TO FINANCIAL INSTITUTIONS:

Ref.: Circular
REMON 1 - 1013
LISOL 1 - 884
OPRAC 1 - 1029

Minimum cash. Financing to the non-financial public sector. Adjustments.

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We address you to inform you that this Institution adopted the resolution that, in its pertinent part, provides:

“- Establish that financial institutions included in Group “A” and the branches or subsidiaries of G-SIBs not included in that group may integrate the minimum cash requirement in pesos –for the period and daily– with “Bonos del Tesoro Nacional en pesos a tasa fija vencimiento mayo 2022”, applying the same criterion provided in the rules on “Minimum cash” for integration with “Bonos del Tesoro Nacional en pesos a tasa fija vencimiento noviembre 2020”, consuming the maximum quota currently provided for the “Bonos del Tesoro Nacional en pesos a tasa fija vencimiento noviembre 2020”.

The “Bonos del Tesoro Nacional en pesos a tasa fija vencimiento mayo 2022” that are applied for the integration of the minimum cash in that currency will be excluded from the limits provided in the rules on “Financing to the non-financial public sector”.”

Likewise, we inform you that we will subsequently send you the sheets that, in replacement of those previously provided, must be incorporated into the rules of reference.

We greet you attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC

Matías A. Gutiérrez Girault
Issuance Manager of Rules

Darío C. Stefanelli
Principal Manager of Issuance and
Regulatory Applications