Technical Standards for the Application of Limits in the Assumption of Risks by Financial Entities

NRP-73
ASSUMPTION OF RISKS BY FINANCIAL ENTITIES
Approval: 28/06/2024
Validity: 16/07/2024

THE COMMITTEE OF STANDARDS OF THE CENTRAL RESERVE BANK OF EL SALVADOR,

CONSIDERING:

I. That Article 63, first paragraph, of the Banks Law, establishes that banks must elaborate and implement policies and control systems that allow them to adequately manage their financial and operational risks; considering, among others, provisions related to the management, destination, and diversification of credit and investments, liquidity management, interest rates, and foreign currency operations, as well as those carried out abroad.

II. That Article 197 of the Banks Law, establishes the limits and prohibitions in the assumption of risks that banks must comply with regarding the same natural or legal person, whether domiciled domestically or abroad, with respect to their Equity Fund.

III. That Article 161, first paragraph, of the Law of Cooperative Societies and Savings and Credit Societies, establishes that savings and credit societies shall be subject to the provisions of the Banks Law contained in Title Seven, regarding General Provisions, except for the modification relative to the fact that said societies may not grant credits or assume risks for more than ten percent (10%) of their equity fund with the same natural or legal person.

IV. That Article 2, first paragraph, of the Law of Supervision and Regulation of the Financial System, establishes that the Financial Supervision and Regulation System has the objective of preserving the stability of the financial system and ensuring its efficiency and transparency, as well as ensuring the security and solidity of the members of the financial system in accordance with what this Law, other applicable laws, regulations, and technical standards dictate for this purpose, all in concordance with international best practices on the matter.

V. That Article 3, letter c), of the Law of Supervision and Regulation of the Financial System, establishes that it is the responsibility of the Superintendence of the Financial System to proactively monitor the risks of the members of the financial system and the manner in which they manage them, ensuring the prudent maintenance of their solvency and liquidity.

VI. That Article 99, third paragraph, letter a), of the Law of Supervision and Regulation of the Financial System, establishes that it is the responsibility of the Committee of Standards of the Central Reserve Bank of El Salvador to approve technical standards, instructions, and provisions that the laws regulating the supervised entities establish must be issued to facilitate their application, especially those related to solvency requirements, liquidity, provisions, reserves, classification of risky assets, criteria for establishing the need for consolidation, good corporate governance practices, information transparency, and on any other aspect inherent to risk management by the supervised entities.

VII. That in accordance with Article 101, fourth paragraph, of the Law of Supervision and Regulation of the Financial System, the powers to approve, modify, and repeal technical standards that must be complied with by the members of the financial system and other supervised entities are transferred to the Central Reserve Bank of El Salvador.

THEREFORE,

in virtue of the regulatory powers conferred by Article 99 of the Law of Supervision and Regulation of the Financial System,

AGREES to issue the following:

TECHNICAL STANDARDS FOR THE APPLICATION OF LIMITS IN THE ASSUMPTION OF RISKS BY FINANCIAL ENTITIES

CHAPTER I
OBJECT, SUBJECTS, AND TERMS

Object
Art. 1.- These Standards have the objective of regulating the application of limits in the granting of credits by obligated subjects to persons or groups of persons, whether domiciled in the country or not, in accordance with what is established in the current legal framework.

Subjects
Art. 2.- The subjects obligated to comply with the provisions established in these Standards are:
a) Banks constituted in El Salvador; b) Branches of foreign banks established in El Salvador; c) Subsidiaries that local banks constitute abroad; d) Subsidiaries and joint investment societies of banks constituted in El Salvador or of branches of foreign banks established in the country; e) The Agricultural Development Bank; insofar as it does not contradict its Creation Law; f) The Mortgage Bank of El Salvador, S.A.; g) Savings and credit societies; and h) Societies that make up financial conglomerates.

Banks that administer trusts are obligated to comply with these Standards in the operations they carry out with such autonomous estates.

Terms
Art. 3.- For the purposes of these Standards, the terms indicated below have the following meaning:
a) Entity: Subjects obligated to comply with these Standards; b) Central Bank: Central Reserve Bank of El Salvador; c) Law: Banks Law; and d) Superintendence: Superintendence of the Financial System.

CHAPTER II
GENERAL PROVISIONS

Persons and groups of persons subject to credit limits Art. 4.- The persons or groups of persons subject to credit or risk limits granted by entities are:
a) Natural persons; b) Legal persons, including autonomous state-owned enterprises, except when it concerns the Central Bank, the State, and the Deposit Guarantee Institute; c) Groups formed by societies among which there is unity or control of decision. It will be understood that there is unity of control or decision when a person or a set of persons acting jointly, directly or through third parties, participates in the ownership of the society or has the power to carry out any of the following actions:
i) Secure the majority of votes in the general shareholders' meetings or elect the majority of directors. ii) Control at least ten percent (10.0%) of the capital with voting rights of the society, unless there is another person or group of persons with an agreement to act jointly, who controls, directly or through third parties, a percentage equal to or greater than the aforementioned. d) Groups of societies with common shareholders owning more than fifty percent (50.0%) of the capital; e) Groups formed by general partnerships or limited partnerships in which there is a joint and several partner; and f) Groups formed by the shareholder or partner of societies in which they hold more than fifty percent (50.0%) of the paid-up social capital or of the profits. In the case where the participation is greater than ten percent (10.0%) and does not exceed fifty percent (50.0%), the inclusion of obligations will be made pro rata.

Presumed Linkage
Art. 5.- The Superintendence may accumulate obligations to a group or to a natural or legal person individually considered, when in its judgment there are facts that presume that credits granted to various debtors constitute a single operation or credit risk.

To guarantee the right to be heard by the entities, the presumption will be resolved as follows:
a) The Superintendent will communicate a reasoned resolution to the bank in question, so that within a term not exceeding eight (8) business days counted from the day following the date of notification, it presents its defense arguments; and b) In the case that the bank does not present the necessary arguments within the indicated period or if they are not satisfactory to the Superintendent of the Financial System, the latter will resolve that the credit constitutes a single operation or credit risk and will accumulate it to the individual debtor or to a group of economically linked persons, as appropriate.

Against the resolutions issued by the Superintendent, a recourse for reconsideration and appeal will be admitted as stipulated in Articles 63 and 66 of the Law of Supervision and Regulation of the Financial System.

CHAPTER III
ESTABLISHMENT OF POLICIES, LIMITS IN CREDIT GRANTING, AND METHOD OF ACCUMULATION

Establishment of policies
Art. 6.- It corresponds to the Board of Directors of each entity:
a) Establish policies for credit concentrations, whether in the country or abroad. These must address, at a minimum, risk diversification, credit and investment limits by country, and within these, sub-limits by economic sector, term of operations, among others; b) Implement internal control procedures that allow the measurement, monitoring, and control of credit concentration risk; c) Designate the administrative unit responsible for the control and follow-up of credit concentration risk; d) Schedule periodic evaluations on the compliance with policies and prudential regulations; e) Receive monthly information on the credit concentration situation and risk exposure with respect to major debtors; f) The agreements of the Board of Directors on this matter must be duly expressed in the respective minutes book.

Global limit for the assumption of risks
Art. 7.- Entities may not grant credits to the persons and groups of persons referred to in Article 4 of these Standards for more than twenty-five percent (25%) of their equity fund.

Excess financing of fifteen percent (15%) must be backed by sufficient real guarantees or guarantees from local banks or first-line foreign banks.

The limit referred to in this article will apply to each bank, according to its own equity fund, with the exception of savings and credit societies, which may not grant credits or assume risks for more than ten percent (10%) of their Equity Fund with the same natural or legal person.

Limit of credits to non-domiciled persons
Art. 8.- Entities may not grant credits to the persons and groups of persons referred to in Article 4 of these Standards for more than ten percent (10%) of their equity fund, when it concerns credits granted to non-domiciled persons or to be invested abroad.

The sum of all credits referred to in the previous paragraph may not be greater than seventy-five percent (75%) of the bank's equity fund or above this limit up to one hundred fifty percent (150%) when authorized by the Superintendence. This provision does not apply to subsidiaries of country banks abroad, for credits they grant in the country where they are established.

Authorization to place more than 75% of the equity fund Art. 9.- The entity interested in granting credits to debtors not domiciled in El Salvador or to be invested abroad, in an amount greater than seventy-five percent (75%) of its equity fund, must submit an authorization request to the Superintendence, to which the following information must be attached:
a) Financial program that includes future placements, in which it demonstrates how it will comply with the technical relationships that bind it by law, such as: equity fund, liquidity coefficients, foreign currency matching, term matching, and credit concentration limits; b) Description of how it has complied with legal equity requirements and how it will comply in the future; c) Report from the Audit Committee and external auditors on the compliance with policies for the administration and control of credit concentration risk, indicating if they have been consistently complied with, as well as the mention of the quality of information and risk follow-up mechanisms; d) Having approved by their respective Boards of Directors and communicated to the Superintendence the pertinent policies for operations abroad referred to in Article 63 of the Law, which must include specific limits to credit exposure by country and other risk diversifications considered pertinent; e) Having complied with the information requirements of prudential and accounting standards established by the Superintendence, especially those dealing with operations abroad; f) Report on the results of periodic evaluations by Internal Audit, on the compliance with policies and prudential regulations referred to in Article 6 of these Standards; g) The organizational description of the administrative unit responsible for the control and follow-up of credit concentration risk, as well as the procedures manual for the management and follow-up of credit operations to debtors not domiciled in El Salvador or to be invested abroad.

The Superintendence reserves the right to request necessary expansions on the presented information, as well as to carry out checks on the declarations and assertions contained in the documentation.

With the results of the evaluation of the request and documentation, the Superintendence will issue an authorization resolution so that the bank can make placements in excess of seventy-five percent (75%) of its equity fund, or it will reason the motives for not granting the authorization.

Revocation of authorization
Art. 10.- The Superintendence may revoke the authorization to grant credits abroad in excess of seventy-five percent (75%) of the bank's equity fund, when it considers that the assumed risks are affecting its solvency or liquidity, based on the non-compliance with the financial plan and the declarations or assertions contained in the initial and subsequently required documentation in Article 9 of these Standards.

Exempted credits
Art. 11.- Deposits and highly liquid, low-risk securities that constitute the liquidity reserve, as well as investments in securities and bank deposits that demonstrate minimum risk ratings of AA, or their equivalent in the country, will not be counted for the calculation of the individual and global credit limits to non-residents or to be invested abroad.

Investments in securities and bank deposits that demonstrate -

The ratings considered to determine the risk category must be

NRP-73
ASSUMPTION OF RISKS BY FINANCIAL ENTITIES
Approval: 28/06/2024
Validity: 16/07/2024

the latest issued by internationally recognized risk rating agencies.

For the equivalence of risk ratings issued by different Rating Agencies, the following Table will be used:

RATING AGENCY
LONG-TERM OBLIGATIONS
Fitch AAA AA+ AA AA- A+ A A- BBB+ BBB BBB-
Moody's Aaa Aa1 Aa2 Aa3 A1 A2 A3 Baa1 Baa2 Baa3 Standard & Poor's AAA AA+ AA AA- A+ A A- BBB+ BBB BBB-

SHORT-TERM OBLIGATIONS
Fitch F-1+ F-1 F-2 F-3
Moody's P-1 P-2 P-3
Standard & Poor's A-1+ A-1 A-2 A-3

• Rating Agencies are an integral part of the issued rating; consequently, within the same category there are different ratings.

Exempted credits with special limits
Art. 12.- Credits and resources granted directly or indirectly are exempt from the limits of Article 197 of the Law and will be governed by their own limits:
a) The sum of credits granted by the bank to national subsidiaries plus the equity participation in them, at no time may exceed fifty percent (50%) of the value of the bank's equity fund or ten percent (10%) of its net loan portfolio, whichever is lower; b) The sum of credits granted by the bank to joint investment societies plus the equity participation in them, at no time may exceed twenty-five percent (25%) of the bank's equity fund; c) The sum of credits granted by the bank to foreign subsidiaries plus the equity participation in them, at no time may exceed fifty percent (50%) of the bank's equity fund or ten percent (10%) of its net loan portfolio, whichever is lower; d) The sum of credits granted by the bank to subsidiary societies established in the country and the holding company of exclusive purpose of the conglomerate may not exceed fifty percent (50%) of the bank's equity fund or ten percent (10%) of its loan portfolio, whichever is lower; and e) The sum of direct or indirect credits granted by the bank to societies in which it has a minority participation may not exceed twenty-five percent (25%) of its equity fund, including in said percentage the credits, guarantees, bonds, and guarantees that the bank grants to societies in which the holding company of exclusive purpose has a minority participation.

In the case of savings and credit societies, they are exempt from the limit established in letter b) of Art. 161 of the Law of Cooperative Societies and Savings and Credit Societies and will be governed by their own limits, the credits and resources granted directly or indirectly as follows:
a) The sum of credits granted by the savings and credit society to the holding society and with other member societies of the conglomerate established in the country, at no time may exceed five percent (5%) of the value of the equity fund of the savings and credit society; b) The sum of credits, guarantees, bonds, and guarantees granted to member societies of the conglomerate established abroad may not exceed five percent (5%) of its equity fund; and c) The sum of direct or indirect credits granted by the savings and credit society to societies in which it has a minority participation may not exceed five percent (5%) of its equity fund, including in said percentage the credits, guarantees, bonds, and guarantees that the savings and credit society grants to societies in which the holding company of exclusive purpose has a minority participation.

Accumulation of obligations
Art. 13.- Obligations of the same debtor will be considered those accumulated as debts of a group, integrated by credits granted to each of the natural or legal persons that form the groups determined based on what is established in Articles 4 and 5 of these Standards.

When one of the natural or legal persons has a participation greater than ten percent (10%) and does not exceed fifty percent (50%) in another society, the inclusion of obligations in the group will be made pro rata; in the case where the participation is greater than fifty percent (50%), the inclusion of obligations will be made in its entirety.

When it concerns groups of societies with common shareholders owning more than fifty percent (50%) of the capital of the societies, the inclusion of obligations will be made at one hundred percent (100%).

In the case that unity of control or decision is determined, the responsibilities of the group will be taken in their entirety.

CHAPTER IV
CONDITIONS AND COVERAGE OF GUARANTEES

Conditions of Guarantees
Art. 14.- Real guarantees, in addition to being legally constituted, must meet the following conditions:
a) Mortgages and pledges must be duly registered in the corresponding Public Registries, according to the following detail:
i) Mortgage guarantees on real estate are granted a term of one year; and ii) Mortgage guarantees on ships, aircraft, and commercial enterprises, and pledge guarantees, are granted a term of six months. These terms for definitive registration in the corresponding registries will be counted from the date of granting the credit or the constitution of the guarantee, whichever is older. After that term, they will not count for the purpose of coverage, until they are definitively registered. The term will be granted if the respective preventive annotation and the necessary legal documentation have been presented, or in its case only the latter, as appropriate. b) Physical goods given as collateral must be executable according to the laws of the country in which they are located; c) Guarantees from local banks or foreign banks, issued by the head office or any branch of the same bank or subsidiary in another country, will not count for coverage purposes, except when it concerns first-line foreign banks; likewise, there must be no payment restrictions in the country where they are issued.

Value of Guarantees
Art. 15.- The value of the mortgage to be taken into account for coverage purposes will be eighty percent (80%) of the value determined by a duly registered appraiser in the Register of Appraisers kept by the Superintendence.

When it concerns credits granted for the construction of housing and other similar real estate, the added value in the construction process will be taken as part of the guarantee, which will be automatically updated according to the progress of the work.

In the case of pledge bonds and other securities representing goods, they will be taken into account for coverage purposes up to eighty percent (80%) of their value.

When the guarantee is securities representing debt or rights expressed in monetary terms, the following values will be taken:
a) The market value, when such instruments are being traded in the secondary stock market. For this case, repo operations are not considered secondary market transactions; or b) The net present value, discounted at the average rate of active operations of less than one year published by the Central Bank, when it concerns instruments that are not traded in the secondary stock market. This value must be updated at least every six months.

NRP-73
APPLICATION OF LIMITS ON RISK ASSUMPTION BY FINANCIAL ENTITIES Approval: 28/06/2024 Validity: 16/07/2024

When it is verified that the appraisal of a guarantee has been overestimated or when it has not been updated based on the bank's policies, the contractual appraisal or another one deemed by the Superintendence to be the most representative of the fair value shall be taken. Guarantees granted by persons related to the bank, to cover third-party risks, shall not be taken into account for the purposes of these Standards.

Imputation of Guarantees
Art. 16.- Guarantees granted to cover the excesses of financing of fifteen percent (15%) of the equity fund referred to in Article 197 of the Law, shall be imputed to them as follows:
a) Open mortgages shall cover the value of the debts owed proportionally to each of them, until the guaranteed value is exhausted in its entirety; b) In the case of other guarantees, the guaranteed value shall be imputed solely to the obligations of the main contract from which they depend, in relation to the amount owed; c) The guaranteed value shall be prorated in the same proportion in which the main obligation was taken.

CHAPTER V
CREDITS SUBJECT TO LIMITS
Direct Liabilities
Art. 17.- Credits to a natural or legal person constitute loans granted, discounted documents, acquired bonds, sureties, guarantees and guarantees granted, and any form of direct financing or other operation that represents an obligation for it. For the calculation of the global amount of credits subject to the limits referred to in Article 197 of the Law, the following concepts shall be considered:
a) Loan balances; b) Amount of authorized overdrafts and balances of occasional overdrafts; c) Guarantees, sureties and guarantees; d) Opening of export and import letters of credit net of prior deposits and prepayment; e) Deposits made by banks in financial entities, with the exception of those mentioned in Article 11 of these Standards; f) Investments in obligations issued by the credit subject; g) Investments in repo operations outside the stock exchange, in this case the repoed party shall be considered the debtor; h) Advances delivered by the bank for the acquisition of goods or for the contracting of services;

NRP-73
APPLICATION OF LIMITS ON RISK ASSUMPTION BY FINANCIAL ENTITIES Approval: 28/06/2024 Validity: 16/07/2024

i) The bank's participation in the capital of other companies; and j) Any other obligation that has the characteristic of credit or financing, or implies a direct or indirect obligation of the persons or group of persons to the bank.

Indirect Liabilities
Art. 18.- By indirect liabilities, it shall be understood the obligations that affect persons who, without being the beneficiaries of the credit, have undertaken the responsibility to respond with their assets for the fulfillment of the obligation, as is the case of guarantors, joint and several co-debtors; acceptors, drawers and guarantors of bills of exchange; and in general when an obligation implies a responsibility for the person or group of persons among whom there is an economic link. In no case shall the debt balance be weighted by more than one hundred percent (100%), when it concerns persons corresponding to the same economic group.

Art. 19.- To establish the calculation of each of the obligations mentioned in the previous articles, the value of accessories such as: current interest registered in the assets, commissions, surcharges and others shall be added to them.

Financial Leasing Operations
Art. 20.- For companies that have the performance of financial leasing operations as part of their business and that, because they are a subsidiary or investment of banks or holding companies of exclusive purpose, are subject to compliance with Article 197 of the Law, considering the nature of the operation, in which they always retain ownership of the goods that are the object of the financial leasing contract, the excess of fifteen percent (15%) of the equity fund must be covered with the value of the good that is the object of the contract without the need for a real guarantee to exist on it since it maintains ownership over it.

Contracting Requirements
Art. 21.- Entities must require legal persons requesting credit, the credential registered in the Commercial Registry of the Board of Directors of the company, as well as the list of its partners or shareholders; and when granting the document formalizing the credit, they must include a clause that obliges those companies to inform the bank, within thirty days following the occurrence of the event, the changes in the composition of their Board of Directors and in the ownership of the social participations of their equity. When the credits to be granted exceed five percent (5%) of the equity fund, borrowers prior to granting must present a sworn declaration, duly authenticated, stating that the credit received complies with the provisions established in Articles 197 and 203 of the Law.

NRP-73
APPLICATION OF LIMITS ON RISK ASSUMPTION BY FINANCIAL ENTITIES Approval: 28/06/2024 Validity: 16/07/2024

Financing Control
Art. 22.- Entities must have computer means that allow them automated control of the limits of credits granted to persons and groups of persons and of the financing excesses of fifteen percent (15%) of their equity fund. Likewise, for the control of credits granted to persons and groups of persons not domiciled in relation to the limit of ten percent (10%) of their equity fund, and that the sum of the aforementioned credits does not exceed seventy-five percent (75%) of the equity fund or one hundred fifty percent (150%) when authorized by the Superintendence.

Management of Control Files
Art. 23.- Entities must keep files with updated documentation of persons or groups of persons, classified as a single debtor, in which information relative to shareholders and their percentage of participation in each of the companies comprising each economic group is included preferentially; current credits, constitutions of guarantees, as well as authenticated sworn declarations relative to credits in excess of five percent (5%) of the equity fund.

CHAPTER VI
OTHER PROVISIONS AND VALIDITY

Equity Fund for the Determination of the Financing Limit Art. 24.- For the purposes of these Standards, the global limits referred to in Article 197 of the Law must be determined based on the unconsolidated equity fund of the last day of the month prior to the date of the report or review by the Superintendence. In the specific cases of limits for persons and groups of persons affected, the equity fund of the last day of the month prior to the date of granting the credit shall be used as a reference.

Information to the Superintendence
Art. 25.- Reports of credits granted must be sent to the Superintendence within seven business days following the previous month, except for those corresponding to the months of June and December, which must be sent within the first ten business days, according to the models attached to these Standards. In the event that the bank exceeds any of the limits established in these Standards, it must communicate it to the Superintendence no later than the next business day after its verification.

NRP-73
APPLICATION OF LIMITS ON RISK ASSUMPTION BY FINANCIAL ENTITIES Approval: 28/06/2024 Validity: 16/07/2024

When it concerns non-compliance with the aforementioned limits due to a change in the rating of the instruments referred to in Article 11 of these Standards or for causes not attributable to the bank, such as the appreciation of investments, the bank must correct the excess within five days counted from the verification of the fact, otherwise the corresponding sanction will be applied to it.

Sanctions
Art. 26.- Non-compliance with the provisions contained in these Standards will be sanctioned in accordance with what is established in the Law on Supervision and Regulation of the Financial System.

Repeal
Art. 27.-
-36), approved on March 16, 2005, in Session No. CD-13/2005, by the Superintendence of the Financial System, whose Organic Law was repealed by Legislative Decree No. 592, which contains the Law on Supervision and Regulation of the Financial System, published in Official Diary No. 23, Volume No. 390, dated February 2, 2011.

Unforeseen Aspects
Art. 28.- Aspects not provided for in the matter of regulation in these Standards will be resolved by the Central Bank through its Standards Committee.

Validity
Art. 29.- These Standards will enter into force from July sixteen, two thousand twenty-four.

NRP-73
APPLICATION OF LIMITS ON RISK ASSUMPTION BY FINANCIAL ENTITIES Approval: 28/06/2024 Validity: 16/07/2024

ENTITY NAME____________________________________
Annex No. 1

CONTROL REPORT OF THE MAXIMUM FINANCING LIMIT OF 25% OF THE EQUITY FUND IN RISKS ASSUMED WITH INDIVIDUALS AND ECONOMIC GROUPS ACCORDING TO ART. 197 OF THE BANKING LAW REFERENCE DATE:
(IN DOLLARS)
CAT NIT
DEBTORS /
SHAREHOLDERS
Shareholder
Participation
Group
Participation
Subgroup
Participation
Reference
Credit
Date of
Granted
Class of
Credit
1/Type
Guarantee
Value
Guaran tee
Amount
Granted
Balance
Interes tes
Total
Debt
Prorata
Subgroup
Debt
Prorata
Group
Limit
15%
Excess
Value
Guaranteed
Total
V/Gtizado
Prorata
Subgroup
V/Gtizad o
Prorata
Group
Value With
Guarantee.
Subgroup
Value Without Guar.
Group
Individual
Debtors
Debtor "x"
Debtor "y"
Debtor "z"
Economic
Groups
GROUP "x"
Debtor "1"
(Detail of
Shareholders)
Total per Debtor
Debtor "2"
(Detail of
Shareholders)
Total per Debtor
Debtor "3"
(Detail of
Shareholders)
Total per Debtor
Etc.

TOTAL PER
GROUP

NRP-73
APPLICATION OF LIMITS ON RISK ASSUMPTION BY FINANCIAL ENTITIES Approval: 28/06/2024 Validity: 16/07/2024

Annex No. 1
ENTITY NAME____________________________________ CONTROL REPORT OF THE MAXIMUM FINANCING LIMIT OF 25% OF THE EQUITY FUND IN RISKS ASSUMED WITH INDIVIDUALS AND ECONOMIC GROUPS ACCORDING TO ART. 197 OF THE BANKING LAW REFERENCE DATE:
(IN DOLLARS)

Equity
Fund:

25% Limit

15% Limit

CAT NIT DEBTORS / SHAREHOLDERS
Shareholder
Participation
Group
Participati on
Subgroup
Participation
Reference
Credit
Date of
Granted
Class of
Credit
1/Type
Guarant ee
Value
Guaran tee
Amount
Granted
Balan ce
Interests
Deb t
Total
Debt
Prorata
Subgroup
Debt
Prorata
Group
Limit
15%
Excess
Value
Guaranteed
Total
V/Gtizado
Prorata
Subgroup
V/Gtiza do
Prorata
Group
Value Without
Guarantee.
Subgroup
Value
Without Guar.
Group
GROUP "Y"
Debtor "1"
(Detail of
Shareholders)
Total per Debtor

Debtor "2"
(Detail of
Shareholders)
Total per Debtor

Debtor "3"
(Detail of
Shareholders)
Total per Debtor

Etc.
TOTAL PER GROUP

GROUP "Z"
Debtor "1"
(Detail of
Shareholders)
Total per Debtor

Debtor "2"
(Detail of
Shareholders)
Total per Debtor

Debtor "3"
(Detail of
Shareholders)
Total per Debtor

Etc.
TOTAL PER GROUP

1/ Type of Guarantee: H = Mortgage; P = Pledge; F = Fiduciary.
Note: send by email to the following address: webmaster@ssf.gob.sv

NRP-73
APPLICATION OF LIMITS ON RISK ASSUMPTION BY FINANCIAL ENTITIES Approval: 28/06/2024 Validity: 16/07/2024

ENTITY NAME: ____________________________________________ Annex No.2

CONTROL REPORT OF THE INDIVIDUAL LIMIT OF 10% OF THE EQUITY FUND IN CREDITS GRANTED TO NON-RESIDENTS OR TO BE INVESTED ABROAD REFERENCE DATE: _____________ (In United States Dollars)

CAT. NIT
Debtor
Name
No. Of
Reference
Flag
"R" or "N"
Code of
Destination
Country of
Destination
Nationality
Date of
Granting
Date of
Maturity
Balance
Owed
Amount
Granted
Equity
Fund
Debt
/F.P.
Relation
Note: send by email to the following address: webmaster@ssf.gob.sv

NRP-73
APPLICATION OF LIMITS ON RISK ASSUMPTION BY FINANCIAL ENTITIES Approval: 28/06/2024 Validity: 16/07/2024 ENTITY NAME__________________________________________________________
Annex No. 3
CONTROL REPORT OF THE INDIVIDUAL LIMIT OF 10% OF THE EQUITY FUND IN DEPOSITS CONSTITUTED IN FINANCIAL ENTITIES ABROAD, ACCORDING TO ART. 197 OF THE BANKING LAW REFERENCE DATE:_______________ (In United States Dollars)

Name of
Depository
Country
Total
Deposits At
Sight
Plus its
Credits
Minus its
Debits
Real
Availability
At Sight
Date of
Opening
Dep. to
Term
Interests
To
Collect
Total
Deposits
Equity
Fund
Relation
Dep./F.P.
Limit of 10%
F.P.
Margin or
(Excess )
Note: send by email to the following address: webmaster@ssf.gob.sv

NRP-73
APPLICATION OF LIMITS ON RISK ASSUMPTION BY FINANCIAL ENTITIES Approval: 28/06/2024 Validity: 16/07/2024

Annex No. 4
ENTITY NAME__________________________________

CONTROL REPORT OF THE INDIVIDUAL LIMIT OF 10% OF THE EQUITY FUND

IN FINANCIAL INVESTMENTS ISSUED BY FOREIGN ENTITIES, ACCORDING TO ART. 197 OF THE BANKING LAW REFERENCE DATE:_________ (In United States Dollars)

Investment Type Issuer Country
Risk Rating Date of Value of Interest Total Risk Equity Relation Limit of Margin or Acquisition Investment Paid Ratings Fund Investment/F.P. 10% F.P. Excess Note: send by email to the following address: webmaster@ssf.gob.sv

NRP-73
APPLICATION OF LIMITS ON RISK ASSUMPTION BY FINANCIAL ENTITIES Approval: 28/06/2024 Validity: 16/07/2024

Annex No.5
ENTITY NAME: _____________________________________

CONTROL REPORT OF THE GLOBAL LIMIT OF 75% OF THE EQUITY FUND IN CREDIT OPERATIONS CARRIED OUT ABROAD, (In United States Dollars)

COMPUTABLE OPERATIONS
TOTAL
RISK
RISK/DEBT
RELATION
LIMIT OF
75% F.P.
MARGIN OR
(EXCESS)
EQUITY
FUND
CREDITS GRANTED TO NON-RESIDENTS OR INVESTED ABROAD DEPOSITS CONSTITUTED IN FOREIGN FINANCIAL ENTITIES INVESTMENTS IN SECURITIES ISSUED BY FOREIGN FINANCIAL ENTITIES TOTALS Note: send by email to the following address: webmaster@ssf.gob.sv

NRP-73
APPLICATION OF LIMITS ON RISK ASSUMPTION BY FINANCIAL ENTITIES Approval: 28/06/2024 Validity: 16/07/2024

Annex No. 6
ENTITY NAME: ________________________________________________________

CONTROL REPORT OF THE SPECIFIC LIMITS BY COUNTRY, APPROVED BY THE BOARD OF DIRECTORS OF THE ENTITY, IN CREDIT OPERATIONS CARRIED OUT ABROAD, ACCORDING TO ART. 197 OF THE BANKING LAW

REFERENCE DATE: _______________________________

(In United States Dollars)

CONCEPT USA MEXICO GUATEMALA HONDURAS NICARAGUA COSTA RICA PANAMA OTHERS TOTAL RISK COUNTRIES CREDITS TO NON-RESIDENTS DEPOSITS IN FOREIGN BANKS INVESTMENTS IN FOREIGN SECURITIES TOTALS SPECIFIC LIMITS BY COUNTRY MARGIN OR (EXCESS) Note: send by email to the following address: webmaster@ssf.gob.sv