Monetary Regulations - REMON 1 - 207. Operations Adjustable by Price Indices: Procedural Rules

CENTRAL BANK OF THE ARGENTINE REPUBLIC

COMMUNICATION “A” 626
15/04/85

TO THE FINANCIAL INSTITUTIONS:

Ref.: Circular MONETARY REGULATIONS

• REMON - 1 - 207. Operations adjusta-
  ble by price indices. Procedural rules

We address you to send you the models of Forms 4024 and 4025 and the instructions for their integration, usable to determine the situations of over- and underexpansion as of 31.3.85 and to report the schedules for cancellation of the complementary loan line and for recovery of the adjustable credits not allocated to it.

The entities that, in accordance with the provisions disseminated by Communication "B" 1444, have requested deferral of debits, must send forms 3030 to carry out the pending fund movements.

Finally, we clarify that the entities that decide to defer the effective deposit of the unavailable deposit referred to in point 2. of Annex II to Communication "A" 617, will report in the "Observations" box of Form 4023 the amount of the deposit to be made and will send the debit note (Form 3030) for such amount.

We greet you very attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC

Eduardo Castro
Departmental Submanager
Manager of Financing and Studies of the Financial System a/c

Néstor J. Taró
Departmental Manager c/f General Submanager

ANNEXES

MODEL

CENTRAL BANK OF THE ARGENTINE REPUBLIC
Rediscount Department
DETERMINATION OF THE SITUATIONS OF OVER- AND
UNDEREXPANSION AS OF 31.3.85 FOR OPERATIONS
ADJUSTABLE BY PRICE INDICES
CODE

Entity:	1 April 1985
CONCEPT	Amounts in thousands of Argentine pesos
1. Credits as of 31.3.85
1.1. Principal
1.2. Adjustments
2. Excess of non-admitted investment for March 1985
3. Deposits as of 31.3.85
	Amounts in Argentine pesos
4, Complementary loan line [(line 1. - line 2. - line 3.) x 1000 ] (+)
5. Unavailable deposit [ (line 1. - line 2. - line 3.) x 1000 ] (-)
6. Balance of the unavailable deposit constituted as of 1.1.85
Observations:
Place and date:
ACCOUNTING AREA (*) Signature and clarification	GENERAL MANAGER Signature and clarification

['] To be signed by the highest-ranking responsible person.

The provision of this printed form must be requested by Form 337 Form 4024 - (IV - 85)

B.C.R.A.	INSTRUCTIONS FOR THE INTEGRATION OF FORM 4024 “DETERMINATION OF SITUATIONS OF OVER- AND UNDEREXPANSION AS OF 31.3.85 FOR OPERATIONS ADJUSTABLE BY PRICE INDICES"	Annex I to Com. “A” 626

1. General instructions

To determine the situations of over- and underexpansion as of 31.3.85 in matters of operations adjustable by price indices, the entities will use Form 4024, which must be submitted no later than 19.4.85.

In addition, the entities must send another Form 3000 D corresponding to March 1985, in which they may incorporate adjustable operations allocated to own resources by application of the provisions contained in the second paragraph of point 5. of Annex IV to Communication "A" 574 and in point 3. of Annex III to Communication "B" 1541. The eventual increase of the excess of non-admitted investment that is configured will not be subject to the payment of a charge.

The integration of both forms will be done in triplicate. The original and the duplicate will be presented at the General Secretariat Department and the triplicate will be archived at the head office of the entity.

The amounts of lines 1. to 3. of Form 4024 will be recorded in thousands of Argentine pesos, without decimals, discarding fractions less than 500 and increasing to 1.000 those of 500 or more.

The fund movements will be made with value as of 1.4.85.

Form 4024 is subject to the regime on presentation of information (Circular RUMOR - 1, Chapter II, point 1.).

2. Line 1.

The balance as of 31.3.85 will be reported, by principal and adjustments, of the credits adjustable by price indices, excluding those granted to other financial entities, those affected to own resources until 31.12.84 and those that remain allocated to such funds after the integration of the additional Form 3000 D.

3. Line 2.

The amount of the excess investment not admitted, determined in line 7. of the aforementioned additional Form 3000 D, shall be recorded.

4. Line 3.

The balance as of 31.3.85, by principal and adjustments, of non-transferable adjustable nominative fixed-term deposits at medium term, including those constituted under the regime of Communication "A" 440, shall be recorded.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
REDISCOUNT DEPARTMENT
CANCELLATION OF LOANS ADJUSTABLE BY PRICE INDICES ( Amount in thousands of Argentine pesos, without decimals)

Institution:

CODE

TABLE A	CANCELLATION SCHEDULE OF THE COMPLEMENTARY LOAN LINE
INSTALLMENT	Loans to small and medium-sized enterprises									Other loans									TOTAL
No. Month	Year	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18
TOTAL
GRAND TOTAL

TABLE B	RECOVERY SCHEDULE OF LOANS ADJUSTABLE BY PRICE INDEX NOT ALLOCATED TO THE COMPLEMENTARY LOAN LINE
Maturity	Loans to small and medium-sized enterprises									Other loans									TOTAL
Month	Year	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18
TOTAL
GRAND TOTAL

Observations:
Place and date

ACCOUNTING AREA (*)
GENERAL MANAGER
Signature and printed name
Signature and printed name

[*] - To be signed by the highest-ranking officer

The provision of this form must be requested by Form 337 Form 4025 (IV - 85)

B.C.R.A.
INSTRUCTIONS FOR THE COMPLETION OF FORM 4025
"CANCELLATION OF LOANS ADJUSTABLE
BY PRICE INDICES"
Annex II to
Com. "A" 626

1. General instructions

To report the cancellation schedules of the complementary loan line and of the loans adjustable by price index granted up to 31.3.85 not allocated to it, entities shall use Form 4025, which must be submitted for the first time together with Form 4024. Updates of that information shall be made on the occasions determined by this Institution.

It shall be completed in triplicate. The original and the duplicate shall be sent to the Department of General Secretariat and the triplicate shall be filed at the entity's head office.

Amounts shall be recorded in thousands of Argentine pesos, without decimals, discarding fractions less than 500 and rounding up to 1.000 those of 500 or more.

The data for the period April/December 1985 must be broken down monthly, those corresponding to the period 1986/1991 annually, and the maturities agreed from 1992 onward shall be totaled in a single line.

Form 4025 is subject to the regime on submission of Information (Circular RUMOR - 1, Chapter II, point 1.).

2. Table A

The balances as of 31.3.85, by principal and adjustments, of the loans allocated to the complementary loan line shall be distributed, taking into account the maturities agreed for the recovery of those transactions. For the purposes of such allocation, priority shall be given to transactions (single payment or installments) with the nearest final maturity.

The grand total must match the amount determined in line 4. of Form 4024.

3. Table B

The balances as of 31.3.85, by principal and adjustments, of the loans adjustable by price index not allocated to the complementary loan line shall be distributed, taking into account the maturities agreed for the recovery of those transactions.

4. Columns 1 to 18

The required information shall be entered in the following order:

a) Loans to small and medium-sized enterprises (granted in accordance with the provisions made known by Communications "A" 246, 261 and 386, which accrue rates of -4%, 3.5% and 5.5% effective annual).

Column	Adjustable by the index of
1	Consumer prices
2	Wholesale prices, general level
3	Non-agricultural national wholesale prices
4	National agricultural wholesale prices - Subgroup "Animal production"
5	National agricultural wholesale prices - Subgroup "Plant production"
6	Average total monthly salary
7	Construction cost, Federal Capital - General Level
8	Combined prices (Communication "A" 440)
9	Combined prices (Communication "A" 539)

b) Other loans.

10	Consumer prices
11	Wholesale prices, general level
12	Domestic non-agricultural wholesale prices
13	Domestic agricultural wholesale prices - Subgroup "Animal production"
14	Domestic agricultural wholesale prices - Subgroup "Plant production"
15	Average total monthly salary
16	Construction cost, Federal Capital - General Level
17	Combined prices (Communication "A" 440)
18	Combined prices (Communication "A" 539)

5. The sum of the general totals of Tables A and B must be equal to the difference between lines 1. and 2. of Formula 4024.

6. Observations

In this table the entities shall provide the clarifications they deem pertinent and all additional information requested of them by the Central Bank.