RegAlertRule · BCRA · 29 Jun 1984 · A 503
Monetary Regulations Circular REMON 1-164: Consolidated Loan Cancellation Regime
Financial institutions must cancel the balance of the Consolidated Loan for original principal owed as of 1 July 1984 according to the amortization installments in the payment schedule submitted as of 31 October 1983, net of advance collections received between November 1983 and June 1984, plus corresponding interest and adjustments. As of 1 July 1984, provisions applicable to early cancellations of credits affected by the Consolidated Loan, payment of the excess over the admitted growth of that resource allocation, and any other provision opposing this determination are left without effect.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
COMMUNICATION "A" 503
29/06/84
TO THE FINANCIAL INSTITUTIONS:
Ref. : Circular MONETARY REGULATIONS - RE-
MON - 1 - 164. Consolidated Loan cancellation regime
We address you to inform you that this Institution adopted the following resolution:
"1st - Establish that the balance of the Consolidated Loan, for original principal, that the financial institutions owe as of 1.7.84, must be canceled taking into account the amortization installments provided in the payment schedule submitted as of 31.10.83, net of the advance collections received between November 1983 and June 1984, plus the corresponding interest and adjustments.
2nd - To leave without effect as of 1.7.84 the provisions applicable to early cancellations of credits affected by the Consolidated Loan, to the payment of the excess over the admitted growth of that allocation of resources and any other that opposes what is determined in the previous point."
We greet you very attentively.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
Ernesto V. Feldman
Manager of Financing and Studies of the Financial System
Pedro Camilo López
General Manager
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