RegAlertRule · BCRA · 1 Oct 2020 · A 7122
Spot and forward transactions, repos, securities lending, other derivatives and mutual funds: adaptation
With effect from 2 October 2020, financial institutions must reduce by 20 percentage points their net surplus position in BCRA Liquidity Bills (LELIQ) relative to their position measured as a monthly average of daily balances recorded in September 2020. Institutions must decrease their net surplus position as they collect the LELIQ. Replacement pages for the referenced regulations will be sent subsequently.
2020 - YEAR OF GENERAL MANUEL BELGRANO
COMMUNICATION “A” 7122 01/10/2020
TO FINANCIAL INSTITUTIONS:
Ref.: Circular
LISOL 1 - 916
RUNOR 1 - 1607
OPASI 2 - 621
OPRAC 1 - 1065
CAMEX 1 - 862
Spot transactions to be settled and forward transactions, repos, securities lending, other derivatives and mutual funds. Adaptation.
We address you to inform you that this Institution adopted the resolution that, in its pertinent part, establishes:
“- To provide, with effect from 2.10.2020 inclusive, that financial institutions must reduce by 20 percentage points their net surplus position in BCRA Liquidity Bills (LELIQ) with respect to their position –on a monthly average of daily balances– recorded in September 2020.
In order to adapt, they must decrease their net surplus position as they collect the LELIQ.”
Subsequently, we will send you the pages that, replacing those previously provided, should be incorporated into the referenced regulations.
We greet you attentively.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
Darío C. Stefanelli
Principal Manager of Issuance and
Regulatory Applications
María D. Bossio
Deputy General Manager of Financial Regulation
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