Regulatory Provisions for Financial Leasing Entities

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Superintendencia de Banks and of
Other Financial Institutions

OFFICE OF THE SUPERINTENDENT OF BANKS AND OF OTHER FINANCIAL INSTITUTIONS. MANAGUA, TWENTY-SIXTH OF JUNE OF THE YEAR TWO THOUSAND TWENTY-FIVE. EIGHT THIRTY IN THE MORNING.

CONSIDERING
I
That on June 4, 2025, the Monetary and Financial Board issued the “Norm on Authorization and Regulation of Financial Leasing Entities”, contained in Resolution CDMF-XIX-3-25, effective from June 18, 2025, with the objective of regulating financial leasing operations carried out by legal entities other than banks and financial societies, in accordance with what is provided in Article 32 bis of Law No. 977, “Law Against Money Laundering, Terrorism Financing and Financing of the Proliferation of Weapons of Mass Destruction”.

II
That Article 14 of the aforementioned norm empowers the Superintendent of Banks and Other Financial Institutions to establish minimum guidelines to be complied with by financial leasing companies for the purpose of managing risks associated with their operations, the accounting treatment of financial leasing contracts, and the information they must submit according to the official schedule for submitting information required by the Superintendency, as well as aspects related to the provision of information to the Superintendency's risk center. That same Article 14 also empowers the Superintendent to issue the necessary provisions for the implementation of the norm subject of the present resolution.

That in accordance with the considerations set forth above.

In exercise of its powers,

HAS ISSUED

The following,

RESOLUTION SIB-OIF-XXXIII-395-2025

REGULATORY PROVISIONS FOR
FINANCIAL LEASING ENTITIES

TITLE I – CONCEPTS

FIRST: For the purposes of these regulatory provisions, the terms indicated in this section, both in uppercase and lowercase, singular or plural, shall have the following meanings:

a) CDR: Risk Center of the Superintendency of Banks and Other Financial Institutions.

b) EAF: Financial Leasing Entities or Companies.

c) Group of Economic Interest: Related parties, significant linkages, and indirect manifestations of the natural or legal persons indicated in the scope of the Norm on Authorization and Regulation of Financial Leasing Entities, to which Article 55 of Law 561, General Law of Banks, Non-Bank Financial Institutions and Financial Groups, and the regulations governing the matter on concentration limits refer.

d) Law No. 842: “Law for the Protection of the Rights of Consumers and Users”, published in La Gaceta, Official Gazette No. 129, of July 11, 2013, contained in Law No. 1097, “Law of the Nicaraguan Legal Digest of the Matter of Business, Industry and Commerce”, published in La Gaceta, Official Gazette No. 137, of July 26, 2022.

e) AML/CFT Norm: “Norm for the Management of Prevention of Money, Goods or Assets Laundering Risks; and Terrorism Financing”, contained in Resolution No. CD-SIBOIF-524-1-MAR5-2008, of March 5, 2008, and published in La Gaceta, Official Gazette No. 63, 64, 65, 66 and 67, of April 4, 7, 8, 9 and 10, 2008, respectively, and its reforms.

f) GPR-FT/FP Norm: “Norm for the Management and Prevention of Terrorism Financing Risks and Financing of the Proliferation of Weapons of Mass Destruction”, contained in Resolution No. CD-SIBOIF-980-1-ENE18-2017, published in La Gaceta, Official Gazette No. 27, of February 8, 2017.

g) AML/CFT/FP: Prevention of money and/or assets laundering and/or terrorism financing and/or financing for the proliferation of weapons of mass destruction risks.

TITLE II – REQUIREMENTS FOR CONSTITUTION AND START OF OPERATIONS

SECOND: Requirements to constitute. - Those interested in carrying out financial leasing operations must constitute themselves as anonymous societies with a single social object and submit an application to the Superintendent accompanied by the following documents:

a) The draft social deed and its bylaws.

b) Minutes denoting deposit in the current account of the Superintendency, for the value of 1% of the minimum social capital amount, for the processing of the application. Once it has started its operations, said deposit will be returned to the promoters. In case the application is denied, 10% of the deposit amount will be paid to the General Treasury of the Republic and the balance will be returned to the promoters. In case of withdrawal, 50% of the deposit will be paid to the General Treasury of the Republic. For the purposes of what is indicated in this letter, the Superintendent must be requested the account and name of the bank entity in which the deposit will be made.

c) The economic-financial feasibility study in which, among other aspects, considerations on the market and projected financial statements for the first three years are included.

d) Information about its shareholders.

1. For natural persons:

i. Curriculum vitae documented with the information required in Annex 1 of this regulatory provision.

ii. Notarially certified photocopy of the citizen identification card on both sides for nationals, or of the identity card for residents or of the passport in the case of foreigners, in accordance with the law on the matter.

iii. Patrimonial statements and list of income and expenses, with the information required in Annex 3 of this regulatory provision, signed by the interested party and certified by an Authorized Public Accountant (CPA) or equivalent professional in the country where it is issued. The figures must be expressed in book value in accordance with accounting standards.

iv. Notarially certified photocopy of the Unique Taxpayer Registry (RUC) certificate, in accordance with the law on the matter. In the case of non-domiciled foreigners, they must present the equivalent used in the country where they pay taxes with the respective authentication or apostille.

v. Certificate of judicial and/or police records with an age not exceeding two months from the date of the application, issued by the corresponding national instances in the case of persons domiciled in Nicaragua and by the competent foreign organism, with the corresponding authentication or apostille, when it comes to persons not domiciled in Nicaragua or natural persons residing in Nicaragua who have been residents abroad in the last 15 years.

vi. A minimum of two (2) bank or commercial references with an age not exceeding two months from the date of the application (national or foreign). If they have worked in public institutions, a certificate of solvency from the Comptroller General of the Republic or the corresponding control organism in case of being foreign is required. These references must not be issued by the societies that will be shareholders of the EAF nor by societies of the economic interest group to which they belong.

vii. Declaration before a public notary of not being subject to any of the situations contemplated in Article 29, numbers 1, 5, 6, 7, 8 and 9 of Law No. 561, as indicated in Annex 2 of this regulatory provision.

viii. Report of their obligations in the financial system issued by a risk center or national or foreign credit bureau, when it comes to persons not domiciled in Nicaragua or natural persons residing in Nicaragua who have been residents abroad in the last 15 years.

ix. Detailed detail of related natural and legal persons, as well as those that make up their interest unit, based on the criteria established in Article 55 of Law No. 561 and the regulations governing concentration limits, for which they must fill in Annexes 4A and 4B of this regulatory provision.

2. For legal persons:

i. Notarially certified photocopy of the testimony of the public deed of constitution of the society, bylaws and of its modifications, if any, duly registered in the corresponding Public Registry. In the case of foreign legal persons, the equivalent documents, with the corresponding authentications or apostilles.

ii. Notarial certification in original of the minutes in which the authorization granted by the corresponding corporate instance is recorded, to participate as organizer and/or shareholder of the new company and the amount of the investment destined for that object.

iii. Names of the members of the board of directors, as well as the curriculum vitae of each of its members, which will be presented in accordance with Annex 1 of this regulatory provision.

iv. A minimum of two (2) bank or commercial references with an age not exceeding two months from the date of the application (national or foreign). These references must not be issued by the societies that will be shareholders of the EAF nor by societies of the economic interest group to which they belong.

v. Copy of the report of independent auditors on the audited financial statements, corresponding to the two accounting periods prior to the date of the application, as the case may be.

vi. Certificate of judicial and/or police records with an age not exceeding two months from the date of the application, of the legal representative and members of the board of directors of the society, issued by the corresponding national instances in the case of persons domiciled in Nicaragua, and by the competent foreign organism, with the corresponding authentication or apostille, when it comes to persons not domiciled in Nicaragua or persons residing in Nicaragua who have been residents abroad in the last 15 years.

vii. Report of their obligations in the financial system issued by a risk center or national or foreign credit bureau (in the latter case, when it comes to legal persons not domiciled in Nicaragua).

viii. List and percentage of participation of natural person shareholders, ultimate owners of the shares, in a succession of legal persons, of the promoting legal person shareholder of the EAF in formation. The natural person ultimate owners must comply with the information requirements established in number 1 of this letter d. Likewise, a scheme must be presented that reflects the shareholding structure in which it is reflected whether the participation in this succession of companies is individual or together with their related parties, indicating the full names of the natural or legal persons contained in this organizational chart. The information presented must allow identifying, in terms of Law No. 977, the ultimate beneficiary of the EAF to be constituted.

e) For all shareholders, documentary evidence of the lawful origin of the patrimony to be invested in the new society. As a minimum, such documentation must include:

1. Information on the bank accounts from which the money comes.

2. Information on the origin of the money deposited in said accounts.

3. Notarial declaration on the origin of the patrimony (information on the activities from which the patrimony comes, such as: businesses, inheritances, donations, among others) and evidence that the money comes from them.

f) The name of the members who will make up the board of directors, the general manager and/or main executive and internal auditor, who must comply with the requirements established in the regulations governing the matter on requirements to be director, general manager and/or main executive and internal auditor of financial institutions. Additionally, the name of the Administrator of Prevention of LD/CFT Risks, who must comply with the professional qualities and requirements established in the AML/CFT Norm.

g) Any other document or information determined by the Superintendent.

All information and/or documentation required by this article, which is in a language other than Spanish, must be presented with its corresponding translation, which must comply with what is stipulated in the national laws on the matter or with the laws of the country where the translation is carried out.

Documents coming from abroad that are required of natural or legal persons in this article must comply with the requirements established by the laws on the matter so that they can produce legal effects in the country.

Those interested in becoming part of the society must authorize in writing the Superintendent so that he can request information from the corresponding natural and legal persons, in order to prove their honorability and competence.

The application and documents presented to the Superintendency must be delivered in original and two notarially certified photocopies.

THIRD: Exceptions. - The Superintendent may authorize exceptions to one, several or all of the information requirements established in letter d) of the SECOND section of this regulatory provision, in the following cases:

a) When the legal person partner is a financial institution supervised by the Superintendency.

b) When the legal person partner is a foreign financial institution subject to supervision in accordance with international practices.

c) When the legal person partner lists its shares on a stock exchange or regulated market.

The Superintendent is empowered to exempt from the presentation of requirements when they are officials of recognized track record in the national or international financial system; or of any other letter when the information, having been required by other norms, is updated in the Superintendency.

When pertinent, documents justifying the case must be presented.

FOURTH: Requirements to start operations. - To start operations, EAFs must comply with the following requirements:

a) Notarially certified photocopy of the testimony of the public deed of social constitution and its bylaws with the corresponding registration reasons in the corresponding Public Registry.

b) Evidence that it has the minimum paid social capital, net of losses.

c) Opening Balance Sheet in accordance with the accounting framework issued by this Superintendency and certified by an Authorized Public Accountant.

d) Original certification of the minutes of the appointments of the directors for the first period, the general manager and/or main executive, internal auditor and the administrator of prevention of LD/CFT risks.

e) Have the technological infrastructure and human resources, in accordance with the nature, complexity, volume of transactions and its own risk profile, in correspondence with its operations, clients, products and services, distribution channels, markets and technologies.

f) Have the following policies, manuals, regulations and/or systems approved by the board of directors:

1. Credit management manual and evaluation and classification of assets for the operations it carries out.

2. AML/CFT/FP Program, which as a minimum considers the guidelines and guidelines established in this regulatory provision.

3. Manual for the management of technological risks and automated information systems that meet the conditions of security, availability, functionality, efficiency, reliability, confidentiality, auditability and integrity.

4. Internal control manual in accordance with the operations described in this regulatory provision.

5. Customer Service Regulation that regulates, among other aspects, the topics of information supply and transparency in the contracting and provision of financial leasing services, user protection, procedure and deadlines for the attention of inquiries and complaints, among others, in compliance with what is established in Law No. 842 and the regulations governing the matter on transparency in financial operations.

g) Have an ethics code approved by the board of directors that contemplates aspects related to the policies adopted by the society to control and administer potential conflicts of interest that arise in its daily activity; business opportunities, confidentiality of information; fair treatment of its clients, suppliers and employees; use and protection of its assets; compliance with laws, regulations and regulations applicable to it; sanctions applicable for non-compliance, among others.

h) Have the contract models that they will sign with their clients, which must be approved by the Superintendency in accordance with Article 35 of Law No. 842.

i) Any other requirement determined by the Superintendent in relation to the activities that the company will develop and/or to the management of its inherent risks.

FIFTH: EAF in operation. - EAFs that are currently operating will have a period of up to ninety (90) days counted from the entry into force of Resolution CDMF-XIX-3-25, dated June 4, 2025, regarding the “Norm on Authorization and Regulation of Financial Leasing Entities”, to submit the registration application to the Superintendency.

They must present an action plan to comply with the requirements established in this regulatory provision, with compliance dates and responsible parties, which will be approved by the Superintendent, which must include the requirements to constitute itself with the exception of letter “c”, for which it must present the budget projection for three years with description of the business strategy and operational model; likewise, compliance with the requirements established to start operations and the other aspects contemplated.

TITLE III – OTHER REGULATORY PROVISIONS

SIXTH: Responsibilities of the board of directors in risk management. - The board of directors of the EAF will be responsible for approving the objectives, guidelines and written policies that allow it to carry out adequate management of the risks associated with its operations. Likewise, it will be its responsibility to ensure compliance with said objectives, guidelines and policies, which must be implemented by the general management of the company.

In particular, the board of directors will be responsible for ensuring that the following aspects are met, at least:

a) That its risk management and internal control policies are coherent with the strategic orientation of the company and proportional to the magnitude of the identified risks.

b) That its policies on conflicts of interest are clear and include the actions between the different participants in its operations; as well as, the actions of the officials and employees of the company, its suppliers and other external participants.

c) That its policies, strategies and internal controls implemented in its operations are examined periodically.

d) That the human resources assigned to financial leasing operations have knowledge and work experience in accordance with the exercise of their functions and responsibilities, which are, likewise, congruent with the complexity of the different risks associated with said operations.

e) That there is a systematic process to stay informed about the performance of the company and the risks it faces in its operations.

f) That the company acts in a preventive, prudent and diligent manner in its operations.

g) That the mechanisms of monitoring and internal controls necessary to manage the prevention of LA/CFT/FP risks in its financial leasing operations are established, including alert signals for its monitoring and early detection of suspicious operations, analysis, escalation, documentation and reporting to the competent authority as appropriate, which, as a minimum, must contain the following aspects:

1. The adoption, implementation and development of a Prevention Program or Integral System of Prevention and Management of Money, Goods or Assets Laundering Risk; Terrorism Financing and Financing of the Proliferation of Weapons of Mass Destruction (SIPAR LA/CFT/FP).

2. The SIPAR LD/CFT/FP must include the policies, procedures and internal controls expressed in its respective Manual of Prevention of Money Laundering Risks, Terrorism Financing and Financing of the Proliferation of Weapons of Mass Destruction (Manual AML/CFT/FP), periodically updated PLA/CFT/FP Risk Matrices, monitoring system and operational plans, all of which must comply and adjust to the AML/CFT Norm, GPR-FT/FP Norm insofar as applicable to them, resolutions, instructions and guidelines of the Superintendency, the national legal framework, including international conventions on the matter of which Nicaragua is a party, codes of conduct, guides, corporate mandates, recommendations of audits, evaluations and periodic self-evaluations, among others, that are related to the prevention of LA/CFT/FP risks.

3. The intensity of the policies, procedures, internal controls, tasks and measures that each EAF applies must be subject to its LA/CFT/FP risk level classified as high, medium or low in all areas of its businesses and activities, to that of its clients and to the size of the entity.

4. The SIPAR LA/CFT/FP must allow the EAF to prevent, detect and report possible suspicious activities of LA/CFT/FP in any of its three stages known internationally: placement, layering and integration; from the four basic administrative tasks of an effective SIPAR LA/CFT/FP:

i.- Prevention: of the risk that resources coming from activities related to LA/CFT/FP are introduced or placed in the Financial System; through policies, procedures and internal controls for adequate customer knowledge, complemented with robust training and staff training in the company at all levels.

ii.- Detection: of activities that are intended to be carried out or have been carried out, to stratify, integrate or give the appearance of legality to operations linked to LA/CFT/FP; through the implementation of adequate, timely and effective monitoring controls and tools.

iii.- Report: timely, efficient and effective reporting to the competent authority designated by law, of detected operations that are intended to be carried out or have been carried out and that are suspected to be related to LA/CFT/FP.

iv.- Retention: for the legal period, of all files, transaction records and documentation, both physical and electronic, derived from the preceding tasks.

5. The EAF shall keep all its directors, officials, and employees generally informed and trained regarding their respective SIPAR LA/FT/FP; and specifically and focused on those who belong to areas or are in charge of products that, according to their profile, need, linkage, and impact, are more exposed to these risks.

6. The SIPAR LA/FT/FP must be subject to review and update in accordance with legislative, regulatory, and normative changes in the matter, or due to new best practices in LA/FT/FP risk management; as well as in response to new schemes, indicators, signals, and patterns of LA/FT detected by the company itself, or communicated by the Superintendent or by any other competent authority, or accessible through other recognized national and international sources on the subject.

SEVENTH: Accounting Framework. - For the recording of its operations, EAFs will use the Accounting Framework approved by the Superintendent.

EIGHTH: Hiring of External Audit Firms. - EAFs must hire annually, no later than within the third quarter of the year to be audited, the services of Firms registered with this Superintendence and comply with what is established in Resolution No. CD-SIBOIF-1129-2-SEP10-2019, “Standard on External Audit”. Likewise, they must communicate to the Superintendent the name of the selected Firm within a maximum period of five (5) days, counted from the signing of the contract, attaching a copy of the certification of the board of directors meeting minutes where the hired firm is approved and indicating the names and positions of the audit team.

The Superintendent may dispose of the non-hiring of a selected Firm when there are technical, legal, or other reasons, duly justified, that warrant it.

NINTH: Transfer of Shares. - Those interested in acquiring shares of an EAF must have the authorization of the Superintendent, complying for such effect with the requirements established in the regulations governing the matter on transfer, transfer, or acquisition of shares of supervised financial institutions, as applicable.

TENTH: Submission of information to the CDR. - The Lessor must inform the CDR, without prejudice to being able to do so also to private risk centers, the payment obligations agreed upon in the lease contracts, as instructed by the Superintendence.

ELEVENTH: Reporting. - The Lessor must inform the Superintendent about the financial lease contracts that are constituted each month, according to the detail established in the official calendar for the delivery of information required by the Superintendence; without prejudice to the rest of the information or periodic or specific statistics that may be requested of them on an extraordinary basis for supervision purposes and/or compliance with requirements of authorities and/or competent bodies.

TWELFTH: Confidentiality. - EAFs may not provide information about the identity of their clients, except with their express authorization, by order of a judicial authority, by the Superintendent, or by other institutions authorized by law for such effects, as appropriate. Likewise, they may not disseminate or use such information for their own benefit or for that of third parties, for purposes other than those that motivated its supply. For such effects, EAFs must establish measures that guarantee compliance with what is provided in this article.

THIRTEENTH: Validity. - This resolution will enter into force from its publication on the SIBOIF website.

Lic. Luis Ángel Montenegro
Superintendent of Banks and Other Financial Institutions

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ANNEX 1
CURRICULUM OF OFFICIALS
Strictly confidential information

INSTITUTION: ________________________________________________________________

GENERAL DATA
Full name: _____________________________________________________________ Nationality: ________________________________________________________________ Profession or trade: ____________________________________________________________ Place and date of birth: ____________________________________________________ Citizen Identification Card Number: _____________________________________ Residence Card (in the case of foreign residents in the country): __________________ Passport Number (in the case of non-resident foreigners): _______________ No. RUC (or its equivalent, as the case may be): ________________________________________ Position held or to be held in the Institution: _______________________________ Address: ___________________________________________________________________ Immigration status: __________________________________________________________ Do you have authorization to work in the country? (only for foreigners holding administrative or board positions) YES ( ) NO ( ) Authorization Number: ________________________________________________________ Date of authorization: _________________________________________________________ Validity of authorization: _____________________________________________________

KNOWLEDGE AND EXPERIENCE
Knowledge and experience in financial activity and financial risk management:

Entity	Position	Period from ... to	Main Functions A/

Positions held or held in other entities:

Entity	Position	Period from ... to	Main Functions A/

Studies and training completed:

Establishment	Title or course name	Period from ... to	Observations A/

A/ it is required to expand in a separate document all related to the functions and activities carried out in these entities, which allows evaluating their knowledge, skills, and aptitudes to solve problems autonomously and flexibly and substantiate their suitability for the position they hold or are proposed for.

Are you a partner of any entity? YES ( ) NO ( )

If affirmative, provide the following information:

Entity Name	Country	No. RUC or equivalent	% Shareholding	Amount in C$

I declare that the data above are true, subjecting myself to the sanctions determined by law for any inaccuracy thereof.

Place and date: ________________________________________________________________ signature _________________________________________________________________________ Full name: _____________________________________________________________

ANNEX 2
NOTARIAL DECLARATION

The notarial declaration must express the following:

a. I am not in a situation of bankruptcy or insolvency and have never been judicially declared responsible for a fraudulent or negligent bankruptcy.

b. I am not a delinquent debtor of credits in the financial system.

c. For a better analysis of my debtor situation, below, I detail the credits I currently have in the financial system:

Credit No. Amount granted Bank (or financial institution)

d. In order to verify compliance with what is indicated in No. 5 of article 29 of Law No. 561, “General Law of Banks, Non-Bank Financial Institutions and Financial Groups”, reformed by Law No. 1237, published in the Official Gazette La Gaceta No. 37 dated February 25, 2025, I also declare that I am a shareholder of the entities detailed below (detail entities) or indicate that I am not a shareholder of any Entity.

e. I have never been sanctioned judicially or administratively for causing patrimonial damage to a financial institution;

f. I have never been sanctioned judicially or administratively for causing damage to public faith, altering the financial statements of a financial institution;

g. I have never participated as a director, manager, deputy manager, or official of equivalent rank of a Bank that has been subjected to intervention processes and declaration of forced liquidation state; or that, by judicial or administrative resolution of the Superintendence, responsibilities, presumptions, or indications have been or are being established that link me to the aforementioned situations. The foregoing admits contrary proof; and

h. I have never been sentenced to principal or accessory penalties, grave and less grave, in accordance with Law No. 641, Penal Code.

ANNEX 3
FINANCIAL STATEMENT AND RELATIONSHIP OF INCOMES AND EXPENSES Complete figures in cordobas

INSTITUTION: ________________________________________________________________ NAME: ____________________________________________________________________ CUT-OFF DATE: ____________________________________________________________

ASSET	(Complete figures in C$)*
Cash in hand
Bank deposits (detail table 1)
Share Investments (detail in table 2)
Securities Investments (detail in table 2.1)
Accounts receivable (only those duly documented, Detail in table 3)
Inventories (detail in table 4)
Household furnishings (detail in table 5)
Machinery, equipment, and tools (detail in table 6)
Vehicles (detail in table 7)
Real estate (detail in table 8)
Other assets (specify)
TOTAL ASSETS

LIABILITY	(Complete figures in C$)*
Short-term credits (one year or less, include overdrafts, detail in table 9)
Long-term credits (more than one year, detail in table 9)
Accounts payable
Suppliers
Other liabilities (specify)
TOTAL LIABILITIES

NET EQUITY (Assets minus liabilities) __________________________________________

CONTINGENCIES (detail table 10) ______________________________________________

• When it comes to foreign currency, indicate its equivalent in national currency, at the official exchange rate on the date of the financial statement.

DETAIL

BANK DEPOSITS (1)

BANK	Account Type	Account No.	Amount

SHARE INVESTMENTS (2)

ISSUING ENTITY	NUMBER OF SHARES	SHAREHOLDING PARTICIPATION PERCENTAGE (%)	BOOK VALUE

SECURITIES INVESTMENTS (2.1)

ISSUING ENTITY	CLASS OF INVESTMENT (bonds, promissory notes, etc.)	ACQUISITION COST	BOOK VALUE

ACCOUNTS RECEIVABLE (3)

CLASS OF DOCUMENT (Promissory notes, bills of exchange, etc.)	CLIENT OR DEBTOR NAME	ORIGINAL AMOUNT	CURRENT BALANCE

INVENTORIES (4)

INVENTORY DESCRIPTION	QUANTITY ON HAND	VALUE

HOUSEHOLD FURNISHINGS (5)

DESCRIPTION OF ITEMS	QUANTITY	VALUE

MACHINERY, EQUIPMENT, AND TOOLS (6)

DESCRIPTION OF ITEMS	QUANTITY	VALUE

VEHICLE DETAIL (7)

BRAND	YEAR	LICENSE PLATE NUMBER	ACQUISITION VALUE	BOOK VALUE

REAL ESTATE DETAIL (8)

DESCRIPTION OF REAL ESTATE HOUSE, FARM, LAND, BUILDING	ADDRESS	BOOK VALUE	AREA MTS2.	REGISTRY NO.	VOLUME, PAGE, AND ENTRY	BOOK No.	FROM THE DEPT. OF

DETAIL OF ENCUMBRANCES ON THE ABOVE IDENTIFIED REAL ESTATE (8.1)

CREDITOR NAME	REAL ESTATE DATA	BALANCE	DUE DATE

BANKING OBLIGATIONS
SHORT TERM (1 YEAR OR LESS) (9)

BANK AND COUNTRY	CREDIT NO.	BALANCE	TYPE OF GUARANTEE	GRANT DATE	MATURITY DATE

BANKING OBLIGATIONS
LONG TERM (MORE THAN 1 YEAR) (9.1)

BANK AND COUNTRY	CREDIT NO.	BALANCE	TYPE OF GUARANTEE	GRANT DATE	MATURITY DATE

CONTINGENT OBLIGATIONS (10)

GUARANTOR, CO-DEBTOR, OR ENDORSER OF	CREDITOR NAME	ORIGINAL AMOUNT	BALANCE

CONTRACTED INSURANCE (11)

INSURANCE COMPANY	POLICY NO.	TYPE OF INSURANCE	INSURED AMOUNT	VALIDITY DATE

INCOME
(Figures in thousands of C$)

CONCEPTS	MONTHLY	ANNUAL
Salaries
Dividends and interest
Commissions
Rents
Others (specify)
TOTAL INCOME

EXPENSES
(Figures in thousands of C$)

CONCEPTS	MONTHLY	ANNUAL
Personal expenses
Credit amortization
Interest on credits
Other expenses (specify)
TOTAL EXPENSES

Note: Any other information or additional documentation deemed convenient may be added.

OBSERVATIONS: ______________________________________________________________ ______________________________________________________________________________

I DECLARE that the above information is true and I submit myself to the corresponding legal sanctions for any falsehood or inaccuracy that may be proven.

Place and date_________________________________________________________________ signature _________________________________________________________________________ Name______________________________________________________________________

Note: The information must be certified by an authorized public accountant or equivalent professional in the country where it is issued. The figures must be expressed in book value in accordance with the standards.

ANNEX 4-A

RELATED PARTS
ANNEX No. 4-A

Non-Financial Institution: ________________________________ Date of this Report: _________ Related Party: _____________________________________ Position: _______________________ Date of Birth: ___________________________________ Identification No.: ___________

Natural Persons

Degree and Nature of Link	First Name	Second Name	First Surname	Second Surname	Date of Birth	Identity Card	Country of Residence	Observations	Indicate link with Legal Persons
Grandparents
Parents
Siblings
Spouse
Children
Grandchildren
Spouse's Grandparents
In-laws
Brothers/Sisters-in-law
Son/Daughter-in-law
Spouse of Grandchild

Name and Signature of the Linked Party

ANNEX 4-B

RELATED PARTS
ANNEX No. 4-B

Non-Financial Institution: ________________________________ Related Party: _____________________________________ Position: _______________________ Date of Birth: ___________________________________ Identification No.: ___________

Legal Persons

Entity Name	Identification No.	Type of Identification	Type of Link	% Shareholding	Position Held in the Entity	Country of Residence	Observations

Name and Signature of the Linked Party