Lima, 6 May 2011

S.B.S. Resolution No. 6033 -2011

The Superintendent of Banking, Insurance and
Private Administrators of Pension Funds:

WHEREAS:

That, numeral 13 of article 349° of the General Law of the Financial System and the Insurance System and Organic Law of the Superintendency of Banking and Insurance, Law No. 26702 and its amendments, hereinafter General Law, states that the Superintendency has the attribution to issue general rules to specify the preparation, presentation and publicity of financial statements, and any other complementary information, ensuring that the real economic-financial situation of the companies under its supervision is reflected;

That, by Resolution No. 895-98 of 01 September 1998 and its amending rules, the Accounting Manual for Companies of the Financial System, hereinafter Accounting Manual, was approved, the same that contains provisions regarding complementary information, which must be submitted to this Superintendency;

That, Annex No. 6 - Debtors' Credit Report, is part of Chapter V "Complementary Information" of the Accounting Manual;

That, it is necessary to introduce new concepts regarding the special account condition in the Debtors' Credit Report, in order to identify special types of financing, according to the payment frequency of the credit;

That, this Resolution does not imply a modification in the regime or in the level of provisions that companies must constitute in accordance with the provisions of the current prudential regulations;

That, in view of the foregoing, it was not necessary to pre-publish this Resolution for public opinion;

In accordance with the opinion of the Deputy Superintendencies of Banking and Microfinance, Legal Advisory, Economic and Risk Studies; and,

In use of the attributions conferred by numeral 13 of article 349º of the General Law;

SUPERINTENDENCY OF BANKING, INSURANCE AND AFP

Los Laureles No. 214 - Lima 27 - Peru Tel.: (511)2218990 Fax (511)4417760

RESOLVES:

Article One.- Modify Chapter V "Complementary Information" of the Accounting Manual for Companies of the Financial System, in accordance with the Annex attached to this Resolution, which is published on the Institutional Portal (www.sbs.gob.pe), in accordance with the provisions of Supreme Decree No. 001-2009-JUS.

Article Two.- This Resolution enters into force as of the information corresponding to the month of July 2011.

Register, communicate and publish,

FELIPE TAM FOX
Superintendent of Banking, Insurance and
Private Administrators of Pension Funds

ANNEX
MODIFICATIONS TO THE ACCOUNTING MANUAL FOR COMPANIES OF THE FINANCIAL SYSTEM

Modify in Chapter V "Complementary Information" of the Accounting Manual for Companies of the Financial System, Annex No. 6 - Debtors' Credit Report (RCD), in accordance with the following:

a) Incorporate as part of the Instructions for the report, in Field B-09 "Special account condition", the following criteria:

21 Non-revolving direct credits without counterparty substitution and without fixed amortization periods

22 Non-revolving direct credits without counterparty substitution whose schedule has a term between periodic amortizations greater than one month but less than 6 months.

23 Non-revolving direct credits without counterparty substitution whose schedule has a term between periodic amortizations equal to or greater than 6 months.

24 Non-revolving direct credits without counterparty substitution agreed to a single installment with original term less than or equal to 6 months.

25 Non-revolving direct credits without counterparty substitution agreed to a single installment with original term greater than 6 months but less than or equal to 12 months.

26 Non-revolving direct credits without counterparty substitution agreed to a single installment with original term greater than 12 months.

b) Incorporate the following information as note 16 of field B-09:

" 16 The substitution of credit counterparty refers to credits with subsidiary responsibility of the counterparties indicated in numeral 2.1 of Chapter III of the Regulation for the Evaluation and Classification of the Debtor and the Requirement of Provisions. Option 21 refers to credits whose payment conditions do not establish fixed days of amortization of the obligations but rather the payment is made in a contractually agreed interval of days."