Reporting Regime for Exchange Operations and Obligations with Abroad - REFEX 1 - 14: Permanent Survey of the External Debt of the Private Sector

CENTRAL BANK OF THE ARGENTINE REPUBLIC

COMMUNICATION "A" 433
12/01/84

TO FINANCIAL INSTITUTIONS, EXCHANGE HOUSES, AGENCIES AND OFFICES AUTHORIZED TO OPE- RATE IN FOREIGN EXCHANGE AND EXCHANGE BROKERS:

Ref.: Circular REPORTING REGIME FOR
EXCHANGE OPERATIONS AND OBLIGA-
TIONS WITH ABROAD - REFEX 1 - 14 - Per- manent survey of the external debt of the Private Sector.

We address you in order to inform you that it has been ordered that obligations in foreign currency with abroad contracted as from 1.11.83, by natural and legal persons of the Private Sector must be declared in accordance with the rules of this communication, which replaces, as regards the Private Sector, the text of Circular REFEX 1, Chapter II (Communication "A" 21 of 22.4.81).

The obligations with abroad covered by this rule, their modifications and cancellations, whatever the form in which these are made and the modifications and cancellations of the obligations of the obligations declared as at 31.10.83 in accordance with the rules of Communication "A" 418 and complementary, must be brought to the knowledge of the Central Bank in accordance with the provisions contained in this communication.

The presentation of the sworn declarations of external debt duly certified, within the established periods, will be a necessary condition for debtors to be authorized to cancel the obligations included in this rule.

1. Persons and obligations covered

Natural and legal persons resident in the country must declare their obligations with abroad, even if they are in a state of bankruptcy or liquidation, excluding organisms and dependencies of the national, provincial and municipal public administration, national public banks, of provinces and municipalities and entities detailed in Communication "A" 275 of 14.1.83.

The following are covered by this regime:

a) Deferred payment obligations in foreign currency of the private sector, whose original amount is greater than Dls. 15,000 or its equivalent in other currencies, even when the currency of origin of the obligations is Argentine pesos contracted as from 1.11.83 directly with creditors resident abroad, or indirectly through local financial institutions charged to their credit line.

The debts that must be declared comprise the obligations primarily originating in foreign exchange income, that is, that were negotiated in the exchange market; in imports of merchandise; in services purchased from residents abroad and in income generated by services of non-residents, by the deferral of payment of imports, by loans whose foreign currency entered through the exchange market and by direct capital investments. Likewise, the obligations contracted to cancel or renew the primary obligations and those arising from the capitalization of the aforementioned services and income must be declared.

b) The modifications of the declarations of obligations of the Private Sector presented to the Central Bank in accordance with the provisions of point a above and in the survey of the debt as at 31.10.83 ordered by Communication "A" 418.

c) The obligations that are guaranteed with "Obligations in dollars of the National Government" or "Registered Bonds in US dollars" as they have been declared in the survey as at 31.10.83 as obligations due with exchange insurance according to the provisions of Communication "A" 418, due to not having been received on that date corresponding.

Financial institutions authorized to operate in exchange must declare their own obligations included in the preceding points and the credit lines received from their correspondents abroad, informing the amounts used thereof, the conditions agreed with their correspondents and the global application of said lines.

To determine whether a debt in a currency other than dollar exceeds the limit of Dls. 15,000, the pass rate arising from the quotations of the Banco de la Nación Argentina must be taken as at the date from which the periods indicated in point II of this communication are computed.

The following must not be declared:

a) The commitments contracted by exporters for advance collections prior to shipment or for prefinancing of exports and their interest, whether or not charged to credit lines of authorized financial institutions, as long as said obligations do not transform into financial loans in accordance with the provisions of Communication "A" 12 (COPEX - 1).

b) Deposits in foreign currency in authorized financial institutions and loans received by the Private Sector charged exclusively to them.

B.C.R.A. COMMUNICATION “A” 433 12.1.84

II. Declaration of new obligations and of replacements that affect declared obligations

The new obligations and the replacements that affect declared obligations will be informed by presenting to the Central Bank form 5005, and if necessary the complementary forms 5005A and 5005B (Annex I), completed in accordance with the attached instructions (Annex II). Debtors who declare obligations for the first time in the Permanent Survey of External Debt must previously register in the Registry of Debtors with abroad, by means of form 5000, in accordance with the provisions of Communication "A" 407 of 10.11.83.

The new commitments must be informed to the Central Bank within the following periods:

a) Commercial Debt: within thirty (30) calendar days from the date of shipment.

b) Financial Debt - Loans and Pass Operations: operations with inflow of funds, within twenty-four hours from the date on which the foreign currencies were negotiated in the exchange market; loans not received, within seven (7) calendar days from the date on which the funds were applied.

c) Financial Debt-Credit Line: financial institutions shall submit a quarterly declaration, within thirty (30) calendar days counted from the end date of the calendar quarter.

d) Other Debts: within seven (7) calendar days from the date the deferred payment obligation was incurred.

All obligations that replace previously declared obligations must be reported as "total replacement". Financial institutions are exempt from the requirement to submit declarations replacing the information registered with the Central Bank on balances and drawdowns of foreign credit lines, outside the dates established in point c) above.

Replacements affecting declared obligations must be reported within seven (7) calendar days following their effective date.

In all cases of replacement, the declarant shall return to the Central Bank the duplicate of the replaced forms at the time of making the new declaration.

Debtors of obligations that must be certified by an authorized entity in accordance with the provisions of point III. Under this regulation, they are obligated to present form 5005 (and its supplements, if applicable) duly endorsed by the Central Bank to the intervening authorized entity within five (5) calendar days following the date the declaration was made before the same. Likewise, the presentation of the corresponding duplicate, duly endorsed by the Central Bank, shall be a necessary condition for the withdrawal of shipping documentation for imports with deferred payment.

Forms 5005 and supplements must be machine-integrated and presented in triplicate. All copies must be clearly legible. The original signature of the declarant must appear on all three copies. The certifications referred to in point III of this communication must appear, at a minimum, on the original copy and the duplicate, which shall be returned to the declarant, with assigned number and date, as proof of compliance with this regulation. The original and the triplicate shall remain in the possession of the Central Bank.

The receipt of external debt declarations does not imply acceptance of the data reported by the declarant.

In the event of loss of the aforementioned duplicate, the declarant must request, by means of a note addressed to the Department of External Debt, a photocopy authenticated by the Central Bank which shall replace it in all its effects, the applicant being obligated to return said photocopy if the lost duplicate is found.

The Central Bank will not accept forms with errors or omissions in integration, even when they comply with the certification requirements set forth in point III.

III. Certifications

Submissions to the Permanent Survey of Private Sector External Debt must meet the certification requirements indicated below:

a) Authorized foreign exchange entities shall certify, with respect to the correspondence between the declared information and that contained in the supporting documentation, the declarations corresponding to commercial obligations with deferred payment, loans received in foreign currency, and any other financial operation in which they participate, as well as those they endorsed or guaranteed, at the time of verifying the signature of the debtor or their legal representatives. Likewise, entities shall certify the operations declared against their credit lines.

b) Declarations corresponding to debts that are neither commercial nor financial shall be certified by a public accountant with respect to the correspondence between the declared information and that contained in the documentation examined, while the signature of the debtor or their legal representatives shall be certified by an authorized financial entity. Likewise, the professional involved shall attach to the submission a report prepared in accordance with the model set forth in Annex III, using form 5007.

B.C.R.A.
COMMUNICATION "A" 433
12.1.84

IV. Cancellation of Obligations

It is a necessary condition for the cancellation of obligations covered by Communication "A" 418 and by the present communication that the data declared in forms 5003 or 5005 (and supplementary forms, if applicable) be fully consistent with those of the operation whose cancellation is being processed. Otherwise, in accordance with the regulations, the debtor must previously submit a replacement form updating the declaration. The cancellation of interest agreed at a floating rate is exempt from this last requirement when the difference between the declared amount and the amount to be cancelled is due to changes in the interest rate.

At the time of requesting the cancellation of the obligation, the debtor must submit to the authorized foreign exchange entity involved the duplicate of the external debt declaration duly updated.

For the total or partial cancellation of deferred payment obligations not registered because their original amount is less than USD 15,000 or its equivalent in other currencies, the debtor must submit to the authorized entity involved the supporting documentation of the obligation.

Partial or total cancellations made with new loans without the involvement of local financial entities must be reported by the debtors to the entities that certified the operation being cancelled, in order to record the cancellation on the sworn declaration form.

When the declaration of the obligation being cancelled has not been certified by an authorized entity, the debtor must submit the duplicate of the corresponding form directly to the External Debt Department of the Central Bank for its intervention. In cases of cancellations without the use of foreign currency, the debtor must notify the Central Bank of such situation by means of a note specifying the obligation, the installments being cancelled and the form of cancellation, attaching the duplicate of the corresponding sworn declaration for intervention by the External Debt Department.

The cancellation by means of a new loan of installments or balances of registered obligations must be communicated to the Central Bank in the declaration of the new loan in the space reserved for that purpose on form 5005. If the latter does not have to be declared because its amount is less than USD 15,000 or its equivalent in other currencies, the installments being cancelled must be reported to the Central Bank by means of a note addressed to the External Debt Department, attaching the duplicate of the declaration of the operation being cancelled, for its intervention.

V. Intervention of Authorized Foreign Exchange Entities

As of 16.1.84, authorized foreign exchange entities must intervene in the following instances related to the regime of

declaration of Private Sector obligations with the outside:

1. Submission of Their Own Sworn Declarations by Authorized Private Entities

Authorized foreign exchange entities of the Private Sector must submit the sworn external debt declarations corresponding to their own obligations with creditors resident abroad. Likewise, they must submit a quarterly statement of the credit lines used and the applications made thereof. All their submissions shall be made by completing form 5005 and supplementary forms 5005 A, 5005 B or 5008, as applicable.

2. Intervention of Authorized Public and Private Foreign Exchange Entities with Respect to the Sworn Declarations That Private Debtors Must Submit

Entities shall certify the declarations of debtors for obligations included in point III. a) of the present rule in accordance with the scope determined therein.

Authorized foreign exchange entities shall require the submission of the duplicate of form 5000 for registration in the Register of Debtors with the Outside, duly intervened by the Central Bank, as a requirement for the negotiation of the foreign currency corresponding to the loans that must be declared in the Permanent Survey of External Debt.

Authorized foreign exchange entities involved must not release the documentation that enables the clearance of imported goods until the obligated parties submit to them the duplicate of form 5005 (and supplementary forms, if necessary) intervened by the Central Bank.

With respect to the obligations that must be certified in accordance with the provisions of point III. a) of this rule, authorized entities are obliged to report to the Central Bank regarding debtors who, after ten (10) calendar days have elapsed from the date of certification by the entity, have not submitted for its knowledge the evidentiary element of compliance with this rule. Said information shall consist of a list addressed to the External Debt Department, under cover and by statistical week, indicating for each operation the debtor's first and last name, their registration number in the Debtors Registry, the creditor's name, the date and purpose of the operation, and the currency and amount of the obligation in that order.

3. Cancellation of obligations

It shall be the responsibility of authorized entities to verify that requests for cancellation of obligations with the outside world and payments of interest and other obligations made in accordance with the foreign exchange rules in force comply with the contractual conditions. Likewise, they must verify the complete coincidence of the data declared on forms 5003 and 5005 (and their supplementary forms, if applicable) with the operation whose cancellation is being processed, previously requiring, in the contrary case, the updating of the debt declaration, which must be submitted in accordance with the rules. Payments for interest agreed at a floating rate are exempt from this requirement when the difference between the declared amount and the amount to be cancelled is due to changes in the interest rate. In all cases, the intervening entities must verify that the calculation of the amount of the interest to be transferred complies with the conditions agreed and reported on forms 5003 or 5005.

B.C.R.A. COMMUNICATION "A" 433 12.1.84

Authorized entities shall record the cancellations on the payment schedule of the duplicate of the sworn declaration forms. Such record shall apply even when the cancellation is made by means of a new loan, provided that the entity has certified the sworn declaration to the debtor.

Authorized entities for foreign exchange transactions shall indicate the debtor's and the operation's data, including the debtor's registration number and the declaration number, as well as the capital or interest installments being cancelled, in the space provided for that purpose on the foreign exchange sale forms (4002 A, 4002B and 4004B). Likewise, they shall record their intervention in the cancellation on the duplicate of forms 5003 or 5005 (or supplementary forms, if applicable), by completing the space reserved for that purpose on the capital and interest payment schedules. When the operation is cancelled by delivering securities or instruments, in this space the intervening entity shall record the date, type and number of the forms through which the cancellation was processed and the corresponding amounts, in accordance with the completion instructions.

When the debtors fully cancel their obligations, the authorized intervening entities must retain the duplicate elements of the debt declaration and send them to the Central Bank under seal and by statistical week, with the detail of the numbers of the accompanying forms.

When obligations of deferred payment not registered because their original amount is less than Dls. 15,000 or its equivalent in other currencies are canceled in whole or in part, the authorized intervening entities must verify the supporting documentation of the obligation.

Likewise, it is the responsibility of the authorized entities, when processing forms 4008 related to obligations covered by these provisions, to verify that the petitioner has the corresponding sworn debt declaration duly updated and that the pertinent data are correctly transcribed in said forms.

VI. Transitional provisions

1. The new obligations and the modifications agreed between 1.11.83 and 15.1.84 must be declared in forms 5005 prior to the next due date and at the latest until 9.3.84 In all cases the form being replaced (3191 or 5003) shall be attached.

When form 5003 that is replaced by a declaration in form 5005 has not yet been submitted, the correlative order number (item 1a) that the debtor assigned to the obligation in the survey as of 31.10.83 must be reported at the bottom of item 49. of form 5005.

Item 41. must report the installments effectively canceled between 1.11.83 and the date of submission of form 5005, except when said information already appears in the corresponding form 5003 for the information being modified.

As of 16.1.84 forms 2360/2 and 3191 shall cease to be valid for canceling debts of the private sector, with the exception of those corresponding to obligations contracted and declared up to 31.10.83, in which case they shall remain valid, at most, until the due date established for the submission of forms 5003 corresponding to each debtor, in relation to the number of submissions to be made. Debtors who make cancellations using forms 2360/2 or 3191 must be previously registered in the Registry of Debtors with the exterior created by Communication "A" 407.

2. In order to comply with the provisions of the last paragraph of point V. of Communication "A" 418 of 5.12.83, financial entities shall send to the Department of External Debt, under seal and within the period established by said norm, a list indicating for each operation the debtor's name and surname, their registration number in the Registry of Debtors, the creditor's name, the date and concept of the operation and the currency and amount of the obligation, in that order.

3. Financial entities must carry out the first update of the information of their credit lines, for their obligations as of 31.12.83. The submission of this declaration must be made before 9.3.84.

4. The delivery and receipt of forms 5005 and complementary forms shall be carried out at the premises of Bartolomé Mitre 300 street, Capital Federal.

We greet you very attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC

Juan F. Sommer
Manager of
Studies and Statistics of the External Sector

Elías Salama
Deputy General Manager

ANNEXES

ANNEX I PRIVATE SECTOR

CENTRAL BANK OF THE ARGENTINE REPUBLIC
Department of External Debt
PERMANENT SURVEY
OF EXTERNAL DEBT
SWORN DEBT DECLARATION

2. This declaration affects (partially or totally)
YES 1
3.
1. ()
the previous declaration(s)
NO 2 21 Sheet 0 1 of
22 25
4. Surname and names or corporate name of the
debtor
5. Registration No.
of the debtor
-
1001 26 30 31
6. Surname and names or
corporate name of the debtor
7. Code of the
creditor () -
38 42 43
8. Address of the creditor
9. Registration No.
of the debtor
-
44 46
10. Class of creditor
47
11. Linkage of the debtor YES 1
with the creditor NO 2
12. Authorized intervening entity 48
16. Concept
Commercial 1
13. Code (*) Financial-Credit Line 2
49 51 Financial-Loans 3
Financial-Repo Op. 4
14, Currency of origin Code Other Debts 5 52 56
15. Currency of payment Code
54 57
Commercial Debt (Imports) 1002 21. Financial debt (Credit Line) (in cents 34 37
17. Date of shipment a. Export financing.
59 38
Letter of Credit 1 Bills 3
18. Instrumentation
Collection 2 Other 4 b. Import financing.
65 65 49
Current 1
19. Goods
Capital 2
c. Financial loans
with forward coverage
55 50
20. Original amount of the Debt (in cents)
d. Export financing.
FOB Value
¿?
57 e. Other applications
Others
32
78
Total of the f. Unapplied amount
Original Debt
33
39 39
Specify others g. Date of granting
104 109
1003 Financial Debt (Loans and Repo Transactions 1004 Application of uncollected funds (in cents) 34 37 34 37
22. Date of first disbursement 28. Cancellation of
imports
38 38
23. Amount (in cents)
Received in foreign currency
29. Cancellation of
loans
44 49
24. Date of receipt 30. Renewal
55 60
4001 1
25. Form
4005 2
Bill No. 31. Capitalization of interest
61 62 63 71
32. Discounts of advan-
ce interest
26. Amount (in cents) 82
not received
68
33. Other applications
27. Original amount (in cents)
of the debt (23 + 26) Specify Other applications 79 89 1005 Other debts 34 37
34. Date of origin of the obligation
35. Amount (in cents)
original of the debt
38 44 54

Form 5005-I-(I-84)

PAYMENT PLAN FOR OUTSTANDING DEBT – PRINCIPAL -

37th
Due date
4th CANCELLATION
Type of Form
36th
Number installment
Day Month Year
38th
Amount

• without cents -
  39th Number of hedging contract term
  40 to (*)
  Date
  No.
  Currency code payment
  Amount
• Without cents -
  Name of the authorized
  Entity
  2
  34
  No.
  35
  50
  68 93
  No.
  2
  34
  No.
  35
  50
  68 93
  No.
  2
  34
  No.
  35
  50
  68 93
  No.
  2
  34
  No.
  35
  50
  68 93
  No.
  2
  34
  No.
  35
  50
  68 93
  No.
  2 9 9 9
  66 71
  14 15 17 44 42a.TOTAL OF THIS SHEET 54 65 42c .GRAND TOTAL 65 42e. Due date 1st installment

Form 5005 - 2
DESIGN 69/0

PAYMENT PLAN FOR OUTSTANDING DEBT – INTEREST -

36b Installment number	37b Due date			38b Amount - without cents -	39b Forward hedging contract number	40 b (*)	41b CANCELLATION
	Day	Month	Year				Date	Form class	Payment currency code	Amount - Without cents -	Name of the authorized Entity
								No.
4								No.
34
35					50			No.
68					93
4								No.
34
35					50			No.
68					93
4								No.
34
35					50			No.
68					93
4								No.
34
35					50			No.
68					93
4								No.
34
35					50			No.
68					93
4	9 9 9								%	66 68 70
34	35	37	44 42b.TOTAL OF THIS SHEET 54	55 42d. .GRAND TOTAL	65	42f. Interest rate used to calculate amount 38b

Form. 5005 - 3
DESIGN 69/05

1006			45. Determination of the interest rate
34	37			Fixed	1
43. (*)			Col.1	Premium	2		Floating
			Validity	Until LIBO/	E. Dep. 3	Col. (3)	Col. (4)		Col. (5)
38			From	Until LIBO/		Fixed	Prime LIBO/E. Dep.		LIBO/E. Dep.
			D M Y D ;M Y	Col. (2) Cla-ss	Other 4 Annual rate (%)		Spread (%)		Term	Currency
39					•		•
44. Interest
Does not pay		1			•		•
Advance		2
Payment
Overdue		3
			69		•		•
			40

46. Default clause
	YES	1	Specify
	NO	2 125

1007	47.
34 37	Guarantor or YES	1			Name
	guarantor	NO	2
		38
				Address	39 42

48. Other	YES	1		Code (*)	% Guarantee
Guarantees	NO	2
		45

49. Replaced or cancelled forms
	Mark with “X” Declaration identification				Identification of cancelled installments				50.
	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	Observa-
	Replacement	Cancellation	Date of	Type of	Number of	Mark with “X”	Number	Date of	tions
	total (**)	partial	Declaration	Form	Declaration	CAPITAL INTEREST	of installments	Due date	YES 1
									NO 2
	46
1008	75							103	96
34 37	38
	67								Are added
1009	96								124 sheets
34 37									97 98 additional
	57							75

51. DEBTOR'S DECLARATION

“The undersigned………………………………………………………………………………………………………………………………………………………. in their capacity as ……………………………………………………………………………………………………declares under oath that the data provided in this form are correct, complete and true, and that there are no other transactions that should be attributed, directly or indirectly, to the partial or total cancellation of the outstanding debt. Hereby, the Banco Central de la República Argentina is authorized to request the information or carry out the verifications it deems appropriate before the competent tax agencies of our country and before the creditor of the declared obligation. Likewise, it is notified that the B.C.R.A. makes this request in use of the powers granted to it by its Charter and the Law of the Foreign Exchange Criminal Regime (text ordered in 1982)”.

Place and date
Signature

52. BANK CERTIFICATION			52ª. CERTIFICATION OF SIGNATURES
Charge to line	YES	1	YES	3
of credit NO		2	NO	4
	Granted endorsement or
	guarantee (It.47)
	99		100
	YES	5
Transaction data
	NO	6
		101

		53. INTERVENTION OF PUBLIC ACCOUNTANT
	RESERVED FOR THE B.C.R.A.
Dept. External Debt	Data Processing Center	Dept. External Debt

[*] - Reserved for the B.C.R.A. (**) - The replaced forms must be returned to the B.C.R.A.

Form 5005 - 4 - Design 69/05

ANNEX 1
PRIVATE SECTOR

CENTRAL BANK OF THE ARGENTINE REPUBLIC
External Debt Department

PERMANENT UPDATING OF EXTERNAL DEBT PAYMENT PLAN FOR PENDING DEBT - CAPITAL -

3. Sheet
of
22
25

4. Surname and first names or
corporate name of the debtor
5. Registration No.
of the debtor
26
30
31
14. Currency of origin
Code
32 33

1. (*)

37a
Due date
41a CANCELLATION
Form Class
36a
Number installment
Day Month Year
38a
Amount

• without cents -
  39a
  Number of term coverage contract term
  40 a (*)
  Date
  No.
  Currency code payment
  Amount
• Without cents -
  Name of the Authorised
  Entity
  3
  34
  No.
  35
  60
  No.
  68 93
  3
  34
  No.
  35
  60
  No.
  68 93
  3
  34
  No.
  35
  60
  Nº
  68 93
  3
  34
  Nº
  35
  60
  Nº
  68 93

Fórm. 5005 A - (I-84)

37a
Fecha de venc imiento
41a CANCELACION
Clase de Formulario
36a
Número cuota
Día Mes Año
38a
Importe

• sin centavos -
  39a
  Número de con- trato de cobertura a término
  40 a (*)
  Fecha
  Nº
  Código moneda pago
  Importe
• Sin centavos -
  Name of the Entity authorizes- da
  3
  34
  Nº
  35
  60
  Nº
  68 93
  3
  34
  Nº
  35
  60
  Nº
  68 93
  3
  34
  Nº
  35
  60
  Nº
  68 93 52ª. CERTIFICACION DE FIRMAS 53. INTERVENCION DE CONTADOR PUBLICO 3 9 9 9 34 35 37 44 42a. TOTAL DE ESTA HOJA 54

51. DECLARATION OF THE DEBTOR

“ Who(m) sign(s) .......................................................................................................................................................................................... in their capacity as declare(s) under oath that the wishes indicated on this form are correct, complete and true, and that there are no other operations that should be attributed, directly or indirectly, to the partial or total cancellation of the outstanding debt. By these presents, the Central Bank of the Argentine Republic is authorized to request the information and carry out the verifications it deems appropriate among the competent tax authorities of our country and before the creditor of the declared obligation. It is also notified that the B.C.R.A. is making this request in the exercise of the powers granted to it by its Charter and the Foreign Exchange Regime Law (consolidated text in 1982)”.

RESERVED FOR THE CENTRAL BANK OF THE ARGENTINE REPUBLIC External Debt Dept.
Data Processing Center
External Debt Dept.

Place and Date
Signature

[*] - Reserved for the B.C.R.A.

Design 69/05

ANNEX I

CENTRAL BANK OF THE ARGENTINE REPUBLIC
PERMANENT SURVEY OF EXTERNAL DEBT
PAYMENT PLAN FOR OUTSTANDING DEBT

• INTEREST -

3. Sheet
   of
   22
   25

4. Surname and given names or
   corporate name of the debtor

5. Registration No.
   of the debtor

26
30
31

14. Currency of origin
Code
32 33

1. (*)

37b
Due date
41b CANCELLATION
Form Type
36b
Number installment
Day Month Year
38b
Amount

• without cents -
  39b
  Number of term coverage contract
  40 b (*)
  Date
  No.
  Currency code payment
  Amount
• Without cents -
  Name of the Authorized
  Entity
  5
  34
  No.
  35
  60
  Nº
  68 93
  5
  34
  Nº
  35
  60
  Nº
  68 93
  5
  34
  Nº
  35
  60
  Nº
  68 93
  5
  34
  Nº
  35
  60
  Nº
  68 93

Fórm. 5005 B - (I-84)

37b
Due date
41b CANCELLATION
Form Class
36b
Number installment
Day Month Year
38b
Amount

• without cents -
  39b
  Coverage contract number term
  40 b (*)
  Date
  Nº
  Currency code payment
  Amount
• Without cents -
  Name of the authorized
  Entity
  5
  34
  Nº
  35
  60
  Nº
  68 93
  5
  34
  Nº
  35
  60
  Nº
  68 93
  5
  34
  Nº
  35
  60
  Nº
  68 93 52ª. CERTIFICATION OF SIGNATURES 53. INTERVENTION OF A PUBLIC ACCOUNTANT 5 9 9 9 34 35 37 44 42b. TOTAL OF THIS SHEET 54

51. DEBTOR'S DECLARATION

" The undersigned .......................................................................................................................................................................................... in their capacity as declare(s) under oath that the data set forth in this form are correct, complete and true, and that there are no other operations that should be attributed, directly or indirectly, to the partial or total cancellation of the debt pending payment. By these presents, the Central Bank of the Argentine Republic is hereby authorized to request the information and carry out the verifications it deems appropriate among the competent tax authorities of our country and before the creditor of the declared obligation. It is also notified that the B.C.R.A. is making this request in the exercise of the powers granted to it by its Charter and the Foreign Exchange Regime Law (consolidated text in 1982)".

RESERVED FOR THE CENTRAL BANK OF THE ARGENTINE REPUBLIC External Debt Dept.
Data Processing Center
External Debt Dept.

Place and Date
Signature

[*] - Reserved for the B.C.R.A.

Design 69/05

B.C.R.A.
INSTRUCTIONS FOR COMPLETING THE
FORMS NOS. 5005, 5005 A AND 5005 B:
PERMANENT SURVEY OF EXTERNAL DEBT –
SWORN STATEMENT OF DEBT
Annex II
To the
Com. "A" 433

Debtors covered by the provisions of point I. of this communication must submit one copy of form 5005 and, if necessary, complementary forms 5005 A and 5005 B, for each of the obligations covered by this rule, in accordance with the scope of the definitions included in these instructions.

With respect to commercial debt, one form 5005 must be completed for each shipment, except in the following cases in which they must be reported jointly on a single form 5005:

a) Shipments made on the same date and allocated to the same letter of credit, guarantee or collection;

b) Partial shipments to be allocated to the same letter of credit, guarantee or collection (e.g., "turnkey" contract), regardless of the dates on which they occurred, provided that they correspond to a consolidated payment plan and equal interest rate and payment currency conditions. New shipments must be reported by means of a replacement form for the previous declaration, indicating therein the updated amount of the original obligation.

With respect to financial debt, one form 5005 must be completed for each disbursement, except in cases of multiple disbursements where the loan contract provides for a common interest rate for all disbursements, the same payment currency and a consolidated payment plan, regardless of the date on which the disbursements occurred. In this case, the disbursements must be reported jointly on a single form 5005. New disbursements corresponding to the same obligation must be reported by means of a replacement form for the previous declaration, indicating therein the updated amount of the original obligation.

Credit lines may be considered as a particular type of financial debt with multiple disbursements. Entities may submit their declarations by completing a single form 5005 for obligations under a credit line with the same creditor, the same country of the creditor's domicile, and the same payment currency. When these conditions are not met, different forms must be used.

If the debt falls within the concept "Other Debts" (see item 16.), one declaration must be completed for each obligation.

On forms 5005 and complementary forms, all operations that replace obligations previously declared on forms 5003 or 5005 and complementary forms must also be reported, whatever the reason for such replacement. Any modification of information declared to the Central Bank must be reported within the period provided for in point II. of the text of the Communication. The requirement to update by replacement is only excepted for the information corresponding to item 38b., when the interest amount is modified due to changes in the floating interest rate. When an obligation is partially cancelled by means of a new loan, the form corresponding to the latter must record the obligation that is partially cancelled (item 49.).

Forms 5005 A and 5005 B are intended to complete the information provided on form 5005 when the space allocated to the payment schedule (capital) is insufficient to cover all the installments that must be declared.

These forms (5005 and complementary forms) must be completed by machine and submitted in triplicate. The original and the duplicate must be prepared on forms provided by the Central Bank, and a photocopy of the original may not be submitted as the triplicate. The three copies must be clearly legible. Any erasures or amendments, if any, must be corrected in the space for item 50. The declarant's original signature must appear on each form and on the copies. Certifications and the intervention of the public accountant, where applicable, must appear on the original copy and the duplicate, at a minimum.

All declared amounts must be written without cents. Numerical information must be completed aligned to the right margin of the corresponding boxes without using periods or commas. Dates are indicated with numbers, using two digits for the day, two for the month and two for the last two digits of the year.

(The instructions contained in items 1. to 5. and 14. apply to forms 5005 and supplementary forms. The instructions contained in items 6. to 13. and 15. apply only to form 5005).

1. Reserved for the B.C.R.A.

2. Indicate 1 if the obligation partially cancels one or more installments of one or more obligations previously declared to the Central Bank. Indicate 2 if the cancellation corresponds to a new transaction that does not replace or cancel another obligation previously declared to the Central Bank. The numbers of the declared obligations that are cancelled must be reported in item 49.

3. Number the pages that make up the submission (in the left space) and indicate the total number of pages that make up the declaration (in the right space). The total number of pages is given by the page corresponding to form 5005 plus the number of forms 5005 A and 5005 B eventually used to report payment plans that exceed the information capacity corresponding to form 5005. If the declaration corresponds to a line of credit reported by a financial institution and a complementary form 5008 is used for the determination of the interest rate (item 45.), the total number of pages must include those submitted in this last form.

4. Report the surname and given names or corporate name of the debtor, matching what was reported in form 5000 "Registry of Debtors".

5. Report the registration number of the debtor assigned by the B.C.R.A. through the submission of form 5000 "Registry of Debtors".

6. Declare in full the surname and given names or corporate name of the foreign creditor. If the space is not sufficient, report in accordance with the instructions in item 50. (Observations).

Debtors for financial imports by the exporter or a foreign financial institution must report the name of the creditor that financed the transaction. When the import is financed by a local bank with funds from a foreign line of credit, the name of the exporter must be reported in this space, followed by the legend "Line of Credit".

B.C.R.A.
INSTRUCTIONS FOR THE INTEGRATION OF
FORMS Nos. 5005, 5005 A and 5005 B:
PERMANENT SURVEY OF EXTERNAL DEBT –
SWORN DECLARATION OF DEBT
Annex II
To the
Com. "A" 433

In financial debts contracted with foreign banks or firms, the name of these is indicated as creditor. If the financial debt was contracted with a local financial institution through the application of a foreign line of credit, the legend "Line of Credit" is written in this space.

When a financial institution declares its own debt for the use of a line of credit with a foreign correspondent bank, the name of the correspondent bank is reported.

In the case of a syndicated loan, the name of the foreign bank leading the transaction is reported. In accordance with the instructions in item 50. (Observations), the list of banks that finance the syndicated loan and their percentage of participation is reported on an additional page.

7. Reserved for the B.C.R.A.

8. Report the complete address of the natural or legal person indicated in item 6. When an exporter from abroad, a foreign bank or any other natural or legal person not resident in the country has been declared as creditor in this item, the respective address abroad is reported. When only "Line of Credit" has been reported in item 6., the space must be crossed out with a line.

9. Report the country code of the address of the natural or legal person declared in item 8. in accordance with the corresponding table added as Annex IV of this communication. When the creditor is an international organization (e.g. IBRD, IDB, IFC) the code "200" is assigned in accordance with the provisions of the respective table of Annex IV. When only "Line of Credit" has been reported in item 6., "999" is written.

10. Assign a number in accordance with the following table:

1- International organizations (e.g., IBRD, IDB, IFC).

2- Government financial institutions of other countries (e.g., EXIMBANK).

3- Foreign commercial banks.

4- Syndicated loans.

5- Holders of securities and instruments issued by the private sector in foreign currency.

6- Foreign suppliers.

7- Other foreign private creditors.

8- Other foreign public creditors.

9- Foreign lines of credit of local banks.

The number is assigned in accordance with what was declared in item 6. The number 9 is assigned when the legend "Line of Credit" or the name of the exporter followed by the legend "Line of Credit" has been written.

11. Mark with "X" according to whether or not there is an economic link between the debtor and the creditor in the terms of the Foreign Investments Law (consolidated text in 1980), including contracts entered into between a local company with foreign capital and the company that directly or indirectly controls it or another subsidiary of the latter.

12. Report the name of the local financial institution that intervened in the structuring of the commercial transaction being declared or in the foreign exchange negotiation of a loan. In the case of transactions financed by a local bank through a foreign line of credit, the financial institution reported in this item is also the creditor. It is crossed out with a line in the case that there was no intervention of a local institution or that the declarant was an authorized financial institution.

13. Reserved for the B.C.R.A.

14. Report the currency in which the obligation was contracted and its code in accordance with the corresponding table added as Annex IV of this communication.

15. Report the currency in which it was agreed to pay the obligation and its code in accordance with the corresponding table added as Annex IV of this communication.

16. Mark with "X" the concept of the obligation, in accordance with the indicated classification. A single concept must be marked.

All obligations originating directly in imports must be considered "Commercial Debt" even when a local financial entity has intermediated in the operation using a line of credit. Likewise, that which responds to a contract by which a debt for imports is renewed, through direct agreement with the suppliers, is considered "Commercial Debt". Current interest, originating in "Commercial Debt", as long as the principal payment obligation subsists, must be reported together with the principal obligation in the part corresponding to interest of the payment plan. The declaration of commercial debts must be made by the importer by completing items 17. to 20, inclusive, crossing out with a line the spaces corresponding to items 21. to 35.

"Financial Debt (Line of Credit)" must be considered the obligations contracted by entities authorized to operate in foreign exchange with their correspondents abroad, according to their own modality (e.g., special accounts, advances, acceptances, "call", etc.). In the case of these obligations, financial entities must complete item 21. crossing out with a line the spaces corresponding to items 17. to 20. and 22. to 35. Financial entities must report the conditions agreed with their creditor abroad and not the conditions governing the applications of those lines of credit with their clients.

"Financial Debt (Loans and Swap Operations)" must be considered all credit received in foreign currency, whether settled by the declarant in the local foreign exchange market (loans brought in) or applied by the declarant for the operations mentioned in items 28. to 33. (loans not brought in). This concept includes debts contracted with local financial entities through the use of their lines of credit. Loans from international organizations must in all cases be declared as "Financial Debt". Swap operations, including those of financial entities themselves, constitute a particular case of financial debt, even when they have been used to cancel imports. Current interest, originating in "Financial Debt (Lines of Credit, Loans and Swap Operations)", as long as the payment obligation

B.C.R.A.
INSTRUCTIONS FOR THE INTEGRATION OF
FORMS Nos. 5005, 5005 A and 5005 B:
PERMANENT SURVEY OF EXTERNAL DEBT –
SWORN DECLARATION OF DEBT
Annex II
To the
Com. "A" 433

of the principal, must be reported together with the principal obligation in the part corresponding to interest of the payment plan. Declarants of this type of obligations must complete items 22. to 33., crossing out with a line each of the spaces corresponding to items 17. to 21., 34. and 35.

Obligations originating in the deferred payment abroad of services or income, punitive interest and default interest must be declared as "Other Debts". Current interest owed for commercial or financial obligations is included in this category only in the case that the principal payment obligation does not subsist. Freights (when their declaration by the importer does not correspond in accordance with the provisions of item 20.), profits and dividends, royalties and, in general, all concepts included in the respective table of Annex IV, whose payments have been deferred, form part of this group of obligations. In the following space "Specify" the pertinent concept is indicated and the code is assigned in accordance with the concept table added as Annex IV to this Communication. If the concept "Other obligations without discrimination" of the concept table of that Annex is reported, its nature must be explained in accordance with the instructions given in item 50. (Observations). When these obligations are declared, items 34. and 35. must be completed, crossing out with a line the spaces corresponding to items 17. to 33.

17. Report the shipment date in accordance with the corresponding documentation. In the case of partial shipments affecting the same letter of credit that must be reported jointly, the date of the one made first must be mentioned as the shipment date. This date must continue to be reported in the updates that correspond for new shipments.

18. Mark with "X" the class of instrumentation used in the import according to the groups indicated. "Drafts" is indicated when this document is used and there is no letter of credit or collection.

19. Mark with "X" depending on whether it is an import of current or capital goods. Goods "of capital" are considered those included in the list of Annex I of Circular COPEX - 1 (Communication "A" 12 and its update by Communication "A" 60); the remaining goods are considered "current". In the case that the operation comprises goods of both types, the one with the greater participation in the value of the obligation being declared must be reported.

20. Report the breakdown of the original amount of the debt expressed in the currency of origin, without cents. It is emphasized that the original amount of the debt must be understood as only the deferred part of the value of the import. In the case of partial shipments, which should be reported jointly in accordance with the conditions of the documentary credit, the accumulated value of the deferred payment amounts of said shipments must be declared as the original amount of the debt. The concepts "freights", "insurance", etc., must only be reported in the case that they form part of the amount of the debt originally contracted with the creditor and must be included in "Others2. The interest of these obligations must not be reported in this item; for its declaration, proceed in accordance with the provisions of items 36b. to 42b.

21. Entities authorized to operate in foreign exchange must report quarterly, at the end of each calendar quarter, and in aggregate form, the destination given to each line of credit obtained from their correspondents abroad, including drawdowns for amounts less than D1s. 15.000, using form 5005 for each line of credit. Lines of credit in foreign currency under agreement must also be included. In "Export financing" (item 21a.) are included loans or advances granted to local exporters against future export collections. In "Import financing" (item 21.b.) are recorded drawdowns against letters of credit or other financing instruments to importers for shipments already made. In "Financial loans with forward cover" (item 21c.) and "Other financial loans" (item 21d.) are indicated the amounts of the line of credit applied to local loans, depending on whether or not forward cover exists through insurance or swap operations in favor of local borrowers. In "Other drawdowns" (item 21e.) other destinations not previously specified are reported. In "Unapplied amount" (item 21f.) the amount of the line of credit not lent to residents in the country is reported. All amounts must be expressed in the currency of origin of the debt with the foreign creditor (item 14.), without cents. The date of granting of the line of credit is reported in 21g.

With respect to lines of credit in foreign currency received from abroad by a local financial entity, the following procedure must be followed: the entity that directly received the line from abroad must report the total owed, including amounts transferred to other financial entities. For the purposes of the breakdown of item 21, it must indicate the drawdowns made by the local financial entity to which the line of credit was transferred. For this, the latter entity must provide the former with information on the drawdowns made. The information on the entity or entities to which the line was transferred and the corresponding amounts must be added in item 50. (Observations) of the declaration of the granting entity. Local financial entities must not complete form 5005 for the obligations corresponding to such operations.

22. Report the date on which the first or only disbursement of the current contract was made, whether or not it gave rise to an inflow of foreign currency. This date must continue to be reported in the updates corresponding to new disbursements.

23. Report the amount of foreign currency traded in the foreign exchange market, corresponding to the contract being declared, expressed in the currency of origin of the obligation (item 14.), without cents. This amount is equal to the sum of the amounts traded in the foreign exchange market, in the case of loans with multiple disbursements.

24. Report the date on which the foreign currency corresponding to the last or only disbursement was settled in the foreign exchange market.

25. Mark with "X" the type of form used to declare the sale of foreign currency by the debtor, corresponding to the last or only disbursement, and indicate its letter and number.

B.C.R.A.	INSTRUCTIONS FOR THE COMPLETION OF FORMS Nos. 5005, 5005 A and 5005 B: PERMANENT SURVEY OF EXTERNAL DEBT – SWORN STATEMENT OF DEBT	Annex II to Com. "A" 433

26. Report the amount not received of the obligation, without cents, which must be equal to the sum of the concepts set forth in items 28. to 33,

27. Report the original amount of the loan by adding the concepts "received" and "not received" (items 23. and 26.)

28. Report the amount of the loan, without cents, used to cancel, partially or totally, debts for imports corresponding to the declarations reported as canceled or replaced in item 49.

29. Report the amount of the loan, without cents, used to cancel, partially or totally, other loans corresponding to the declarations reported as canceled or replaced in item 49.

30. Report the amount of the loan, without cents, for which a contract with the same creditor was renewed, corresponding to the declaration reported as replaced in item 49.

31. Report the amount of the loan, without cents, used to cancel interest accrued on other obligations or on the obligation that was renewed, corresponding to the declarations reported as canceled in item 49.

32. Report the interest, without cents, discounted for early collection on the loan being declared.

33. Report any other situation not included in items 28. to 32. and specify the corresponding concept.

34. Report the date on which the obligation with abroad was contracted.

35. Report the original amount of the debt, without cents, expressed in the currency of origin (item 14.).

Payment plan of outstanding debt - PRINCIPAL

(The instructions contained in items 36a. to 42a. are applicable to forms 5005 and 5005 A).

The installments must be reported in the order of their due date, starting from the first installment pending payment, overdue or to mature. In the event that an installment is partially covered by one (more than one) forward cover contract, it must be divided as if it were two or more different installments, reporting separately the part(s) of the installment(s) covered by forward cover(s) from the part not covered. When the due dates (item 37a) declared in the payment plan are estimates, this must be recorded in item 50. (Observations). Amounts owed for late interest, punitive interest and current interest must also be included in this section when the principal obligation no longer exists.

36a. Number each line correlatively starting from 001, ordering the installments according to their due date, using supplementary sheets (form 5005 A) in case the number of installments exceeds the space provided in this form. In the case of declaring an obligation that replaces another declared obligation, the installments of the payment plan of the new obligation must also be numbered starting from 001.

37a. Report the date from which the obligation is due. In the case of credit lines, authorized entities may report the due dates aggregated at the calendar month level. For this purpose, in the first two positions (due day) "00" must be written.

38a. Report the amount, without cents, of each principal installment expressed in the currency of origin.

39a. Report the contract number assigned by the B.C.R.A., in the case of a swap operation or obligation with exchange insurance. In the remaining cases, cross out the space with a line.

40a. Reserved for the B.C.R.A.

41a. Reserved for the use of the intervening authorized entities, who must report the indicated data on the duplicate of the form. In the column "Form Class", the number and letter of the form used for cancellation (4002 A, 4004 B, 3688 or other) must be reported on the upper line and the number assigned by the intervening authorized institution on the lower line. In the case of cancellation by means of a new loan, the intervening entity must record the date and form of cancellation, indicating in the column "Form Class": "New Loan". If "Obligations in dollars of the National Government" or "Registered Bonds in US dollars" were delivered. Furthermore, following the name of the authorized entity, the word "GUARANTEE" or "CANCELLATION" shall be reported, depending on whether the debtor continues to record or has cancelled the obligation with the creditor. The authorized entity shall retain the duplicate of the cancelled declaration and shall forward it to the Central Bank in accordance with the provisions of the text of the Communication. If the securities were delivered as collateral, the authorized entity shall take the necessary precautions so that the debtor declares the new obligation guaranteed abroad.

The payment currency code shall be taken from the corresponding table attached as an annex to this communication and it must match the one reported in item 15. The amount must be expressed without cents. The name of the intervening authorized entity must be reported in the last column.

42a. Report the total owed under "Principal" corresponding only to the installments declared on this sheet of form 5005 (or 5005 A).

(The instructions for items 42c. and 42e. are applicable only to form 5005)

42c. report the general total owed under "Principal" corresponding to all the installments declared on this sheet of form 5005 and

B.C.R.A.
INSTRUCTIONS FOR THE INTEGRATION OF
FORMS Nos. 5005, 5005 A and 5005 B:
PERMANENT SURVEY OF EXTERNAL DEBT –
SWORN DECLARATION OF DEBT
Annex II
To the
Com. "A" 433

on all sheets of the supplementary forms 5005 A. In the case of "Financial Debt (Credit Line)", this general total must match the sum of items 21a. to 21f. in the remaining cases, the amount to be reported must be the original amount of the debt (item 20., 27. or 35.) minus the amortizations made up to the date of declaration.

42e. Report the due date of the first amortization installment only if it was cancelled prior to the date of declaration and, therefore, does not appear in the payment plan (item 36a. To 42a.).

Payment plan of the outstanding debt - INTEREST

(The instructions contained in items 36b. to 42b. are applicable in forms 5005 and 5005 B. The instructions on items 42d. and 42f. are applicable in form 5005).

36b. to 42d. and 42f. The indications given for items 36a. to 42c. of the "Payment Plan of the Outstanding Debt - PRINCIPAL" apply. In the case of accrued current interest, when the obligation to pay the principal subsists, the amounts for pending interest are reported in 38b. The amounts of interest to mature must be calculated in accordance with the clauses of the contract. If the interest rate is floating and not known at the time of declaration, the amount for interest must be estimated using the rate in effect at the date of declaration. That interest rate, including the agreed spread, must be reported in item 42f.

(The instructions contained in items 43. to 50. are applicable only to form 5005)

43. Reserved for the B.C.R.A.

44. Mark with "X" in 1 if the payment of interest does not apply. If affirmative, mark with "X" in 2 if the interest is paid in advance or in 3 if it is paid in arrears.

45. Report the type of interest rate that the debtor must pay, the spread, the term and the currency. When the contract provides for changes in the determination of interest, the periods of validity of the different conditions must be reported using one line for each period, indicating its start and end date in column (1). When the conditions remain unchanged throughout the entire contract period, the first line must be completed and the remaining lines crossed out. In column (2), the type of rate must be indicated according to the numbering indicated in the same column. In column (3), which is completed only if the rate is "fixed". The annual percentage must be expressed with up to three decimal places. If the rate is floating "prime" or "LIBO/ Eurodeposit", the agreed spread expressed in annual terms with up to three decimal places must be indicated in column (4). If the rate is "LIBO/ Eurodeposit" (floating), the term in days (e.g. 90) and the currency code must also be reported in column (5), in accordance with the corresponding table added as Annex III to this communication. If it is a floating rate other than the foregoing, indicated as "other" in column (2), the calculation method must be reported following the instructions given in item 50. (observations).

In the case of credit lines declared by authorized entities, when drawdowns corresponding to the same creditor and country and the same currency have different interest rates of the same class, the entities may report in this item the average rate or spread. In this case they must additionally complete form 5008 indicating the basic data with which the average was determined. This form must be added as part of the submission.

46. mark with "X" in 1 if the contract includes default clauses and in 2 in the opposite case. These clauses, if any, shall be briefly specified in the following space.

47. Indicate name and address of the guarantor or surety (resident in the country or not) and, in the case of being from the public sector, the name of the body or institution and its jurisdiction (e.g., Secretariat of State and Treasury; Government of the Province of ...; National Development Bank; bank of the Province of ...). In % Guarantee report the guaranteed or secured percentage, without decimals, of the original debt. The space enabled for code is reserved by the B.C.R.A.

48. report any other guarantee granted by the declarant to the foreign creditor (e.g., mortgage on plant, pledge of securities or shares, pledge of certificates of deposit).

49. report the declarations that are replaced or cancelled by this form 5005. mark with "x" in column (1) if the loan being declared replaces another declaration or cancels it totally, and in both cases columns (3) to (5) inclusive must be reported and the duplicate corresponding to the Central Bank must be returned. Mark with "X" in column (2) if the loan being declared partially cancels another obligation(s), indicating the obligations and the instalments cancelled in columns (3) to (8). Columns (3), (4) and (5) must be completed for declarations replaced or totally cancelled. Columns (6), (7) and (8) must only be completed for obligations cancelled partially. If the enabled space proves insufficient, report in accordance with the instructions given in item 50. (Observations).

50. Mark with "X" whether or not there are observations. Report the number of sheets added to declare the data that the debtor deems of interest, as well as to complete the information for the items for which the space assigned in the form proved insufficient. The order of the items for which the information is completed must be preserved and identified. Sheets of correspondence of the debtor must be used, stating on them that they form part of the main declaration. The supplementary sheets must comply with the signature and certification requirements indicated in items 51., 52a. And 53.

(The instructions contained in items 51., 52 a. And 53. are applicable to forms 5005, 5005 A and 5005 B).

B.C.R.A.
INSTRUCTIONS FOR THE COMPLETION OF
FORMS Nos. 5005, 5005 A and 5005 B:
PERMANENT SURVEY OF EXTERNAL DEBT –
SWORN STATEMENT OF DEBT
Annex II
To
Com. "A" 433

51. This declaration must be signed by the debtor or by its legal representatives.

52. The intervening entity certifies the data of the transaction recorded in the form, when the concept thereof corresponds to an import or to a loan with inflow of foreign currency through the exchange market. Likewise, the local financial entity that financed a transaction charged to a credit line from abroad must certify that the transaction is charged to its credit lines. The same entity must also certify the guarantees or sureties granted and that were reported in this form (item 47.).

Local financial entities receiving credit lines from other local financial entities must certify the submissions of private debtors that refer to obligations charged to those credit lines.

In the case of an obligation charged to a credit line of an entity that has been guaranteed or secured by another authorized entity, the certification shall be issued by the authorized entity that granted the loan.

With respect to loans granted by the entities and financed partially with credit lines from abroad and partially with lendable capacity originating in deposits in foreign currency, the certifying entity shall write the legend "PARTIAL" followed by the percentage indicating the proportion in which said loan is financed charged to its credit lines.

52a. The financial entity certifies that the signature of the debtor matches the one registered in its books. If the signature is not registered, it certifies its authenticity and that it has verified the identity documents of the signer. This item must be certified only when there is no certification in item 52.

53. The corresponding declarations must be reviewed by a public accountant in cases where the concept of the transaction corresponds to "Other Debts" (if 5 was marked in item 16.). the public accountant shall report separately in accordance with the report model included as Annex III. When professional review is not applicable, the space must be crossed out with a line.

B.C.R.A.	PUBLIC ACCOUNTANT'S REPORT	Annex III to the Com. "A" 433

The Public Accountant shall report on the content of the sworn statements submitted in the cases covered by this provision using form 5007. The report must contain the minimum requirements included in the model attached below. The Professional Council of Economic Sciences of the jurisdiction in which the intervening professional is registered shall certify his signature.

MODEL OF PUBLIC ACCOUNTANT'S REPORT

I - Identification of the sworn statements examined

In my capacity as (indicate external auditor, syndic, etc.) of (indicate name of the debtor), at his request and for presentation to the authorities of the Central Bank of the Argentine Republic, I have examined form 5005 accompanying this report.

II - Scope of the review

My examination consisted of the review of the supporting documentation of the transaction (detail) and of the accounting records (detail) in which the transaction is recorded.

III - Report

In accordance with the examination performed, I report that the data recorded in form 5005 match the documentation examined.

Note: The verification carried out in the supporting documentation of the transaction and in the accounting records must be indicated, detailing the elements examined. If some of the indicated aspects cannot be verified, the reason for such circumstance shall be indicated. The intervening professional may make the qualifications or amplifying observations he deems pertinent.

COUNTRY CODES

Code	Name
065	Afghanistan, Democratic Republic of
052	Albania, People's Socialist Republic of
003	Germany, Federal Republic of
025	Democratic Germany (German Democratic Republic)
100	Upper Volta, Republic of
101	Andorra, Principality of
164	Angola, People's Republic of
035	Arab Syrian, Republic
053	Saudi Arabia, Kingdom of
102	Algeria (People's Democratic Republic of Algeria)
080	Argentina (Argentine Republic)
021	Australia, Commonwealth of
013	Austria, Republic of
048	Bahamas, Commonwealth of the
149	Bahrain, State of
165	Bangladesh
150	Barbados
006	Belgium, Kingdom of
113	Benin, People's Republic of
073	Bhutan
089	Burma, Socialist Republic of the Union of
041	Bolivia, Republic of
151	Botswana, Republic of
012	Brazil, Federative Republic of
174	Brunei
045	Bulgaria, People's Republic of
104	Burundi, Republic of
172	Cape Verde, Republic of
106	Cameroon, United Republic of
017	Canada
107	Central African, Republic
054	Colombia, Republic of
184	Comoros
152	Congo, People's Republic of
044	Korea, Republic of
110	Ivory Coast
055	Costa Rica, Republic of
051	Cuba, Republic of
111	Chad, Republic of
014	Czechoslovakia, Socialist Republic of
011	Chile, Republic of
083	China, People's Republic
112	Cyprus, Republic of
015	Denmark, Kingdom of
185	Djibouti, Republic of
163	Dominica
076	Dominican, Republic
047	Ecuador, Republic of
057	Egypt, Arab Republic of
058	El Salvador, Republic of
153	United Arab Emirates
009	Spain
002	United States of America
059	Socialist Ethiopia
186	Fiji
085	Philippines, Republic of the
037	Finland
004	France (French Republic)
114	Gabon (Gabonese Republic)
154	Gambia
115	Ghana,
038	Greece (Hellenic Republic)
162	Grenada
061	Guatemala, Republic of
097	Guyana, Cooperative Republic of
092	Guinea Bissau
155	Equatorial Guinea, Republic of
116	Guinea, Republic of
062	Haiti, Republic of
063	Honduras, Republic of
183	Hong Kong
034	Hungary, People's Republic of
020	India, Republic of
090	Indonesia, Republic of
086	Iraq, Republic of
036	Iran, Islamic Republic of
024	Ireland
018	Iceland, Republic of
039	Israel, State of
007	Italy (Italian Republic)
117	Jamaica
019	Japan
118	Jordan, Hashemite Kingdom of
105	Democratic Kampuchea
119	Kenya, Republic of
120	Kuwait, State of
166	Lesotho, Kingdom of
032	Lebanon (Lebanese Republic)
064	Liberia, Republic of
122	Libya (Socialist People's Libyan Arab Jamahiriya)
123	Liechtenstein, Principality of
043	Luxembourg, Grand Duchy of
124	Madagascar, Democratic Republic of
156	Malaysia, Federation of
157	Malawi, Republic of
167	Maldives, Republic of

B.C.R.A.
TABLES OF COUNTRIES, CURRENCIES AND CONCEPTS
Annex IV
to
Com. "A" 433

Code	Name
125	Mali, Republic of
168	Malta, Republic of
171	Malta, Sovereign Military Order of
126	Morocco, Kingdom of
158	Mauritius, Independent State of
127	Mauritania, Islamic Republic of
033	Mexico (United Mexican States)
129	Monaco, Principality of
128	Mongolia, People's Republic of
187	Mozambique, Republic of
177	Nauru
130	Nepal, Kingdom of
067	Nicaragua, Republic of
131	Niger, Republic of
132	Nigeria, Federal Republic of
028	Norway, Kingdom of
175	New Caledonia
022	New Zealand, Commonwealth of
096	New Hebrides
159	Oman, Sultanate of
008	Netherlands, Kingdom of the
042	Pakistan, Islamic Republic of
068	Panama, Republic of
169	Papua, New Guinea
069	Paraguay, Republic of
026	Peru, Republic of
030	Poland, People's Republic of
016	Portugal (Portuguese Republic)
066	Puerto Rico
160	Qatar, State of
001	United Kingdom of Great Britain and Northern Ireland
133	Rwanda (Rwandese Republic)
031	Romania, Socialist Republic of
173	Solomon, Islands
135	San Marino, Most Serene Republic of
178	Saint Lucia, Republic of
078	Holy See
179	Sao Tome and Principe, Democratic Republic of
170	Saint Vincent and the Grenadines
136	Senegal
188	Seychelles
137	Sierra Leone, Republic of
182	Singapore, Republic of

Code	Name
094	Somalia, Democratic Republic of
088	Sri Lanka, Democratic Socialist Republic of
023	South Africa, Republic of
138	Sudan, Democratic Republic of
027	Sweden, Kingdom of
005	Switzerland
199	Suriname, Republic of
180	Swaziland, Kingdom of
056	Taiwan
161	Tanzania, United Republic of
140	Thailand, Kingdom of
141	Togo, Republic of
181	Tonga
142	Trinidad and Tobago
143	Tunisia, Republic of
046	Turkey, Republic of
144	Uganda
040	Union of Soviet Socialist Republics
010	Uruguay, Eastern Republic of
079	Venezuela, Republic of
145	Vietnam, Socialist Republic of
147	Yemen, Arab Republic of
148	Yemen, Democratic and Popular Republic of
029	Yugoslavia, Socialist Federal Republic of
108	Zaire, Republic of
109	Zambia, Republic of
176	Zimbabwe, Republic of
198	Various countries
200	International Organizations

B.C.R.A.
TABLES OF COUNTRIES, CURRENCIES AND CONCEPTS
Annex IV
to the
Com. "A" 433

Code	Name
01	Pounds sterling
02	United States dollars
03	Deutsche marks
04	French francs
05	Swiss francs
06	Belgian francs
07	Liras
08	Florins
09	Pesetas
10	Uruguayan pesos
11	Chilean pesos
12	Cruzeiros
13	Austrian schillings
14	Czech korunas
15	Danish kroner
16	Portuguese escudos
17	Canadian dollars
19	Yen
20	Indian rupees
21	Australian dollars
23	South African rand
24	Irish pounds
26	Peruvian soles
27	Swedish kronor
28	Norwegian kroner
29	Yugoslav dinars
30	Polish zlotys
31	Romanian leu
32	Fine gold grains
33	Mexican pesos
37	Finnish marks
38	Greek drachmas
39	Israeli shekels
41	Bolivian pesos
46	Financial Belgian francs
47	Ecuadorian sucres
53	Saudi riyals
54	Colombian pesos
57	Egyptian pounds
60	Moroccan dirhams
61	Guatemalan quetzales
63	Honduran lempiras
67	Nicaraguan córdobas
68	Panamanian balboas
69	Guaraníes
76	Dominican pesos
79	Bolívares
80	Argentine pesos
98	Special drawing rights
00	Other currencies

B.C.R.A.
TABLES OF COUNTRIES, CURRENCIES AND CONCEPTS
Annex IV
to
Com. "A" 433

CONCEPT CODES

OTHER DEBTS

Code	Concepts
51	Import freight
52	Export freight
53	Insurance (premiums, claims, reinsurance and recoveries)
54	Ship and aircraft expenses
56	Lease of spaces or deposits in ports or airports (includes containers)
57	Royalties
58	Technical assistance
59	Trademarks and patents
60	Copyrights
61	Commercial commissions
62	Commissions and bank charges
63	Commercial advertising
64	Commercial representation expenses
65	Subscription to newspapers and magazines
66	Rentals (excluding 55 and 56)
67	Salaries and expenses of foreign personnel in the country and of Argentines abroad
68	Services rendered in the country
69	Other unspecified real services
70	Dividends
71	Profits
72	Current interest (when the principal obligation no longer exists
73	Default interest
74	Penalty interest
99	Other undifferentiated obligations