Technical Standards for the Calculation and Use of the Liquidity Reserve on Deposits and Other Obligations

CONSIDERING:
I. That Article 45, fourth clause, of the Banks Law establishes the need to issue pertinent norms that allow applying the provisions related to the constitution of the Liquidity Reserve.
II. That Article 47 of the Banks Law establishes the provisions relative to the calculation and use of the Liquidity Reserve for Banks.
III. That Article 28, fourth clause, of the Cooperative Banks and Savings and Credit Societies Law establishes the provisions relative to the constitution of the Liquidity Reserve and the need to issue pertinent regulations regarding this matter.
IV. That Article 30 of the Cooperative Banks and Savings and Credit Societies Law establishes the provisions relative to the calculation and use of the Liquidity Reserve for Cooperative Banks.
V. That Article 31, fourth clause, of the Investment Banks Law establishes the need to issue pertinent norms that allow applying the provisions related to the constitution of the Liquidity Reserve. (1)
VI. That Article 33 of the Investment Banks Law establishes the provisions relative to the calculation and use of the Liquidity Reserve for Investment Banks. (1)
VII. That Article 99, letter a), of the Law on Supervision and Regulation of the Financial System establishes that it corresponds to the Committee of Standards to issue resolutions such as the approval of technical norms, instructions, and provisions that the laws regulating the supervised entities establish must be issued to facilitate their application, especially those related to solvency and liquidity requirements. (1)
VIII. That it is necessary to issue regulation on the gradualness of the calculation of the Liquidity Reserve, in order to establish a liquidity requirement that allows maintaining the stability of the Financial System, following the provisions that were issued on a temporary basis related to the reduction of the Liquidity Reserve requirement due to the context of the COVID-19 Pandemic. (1)
THEREFORE, by virtue of the regulatory powers conferred by Article 99 of the Law on Supervision and Regulation of the Financial System,

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CNBCR-07/2021 NRP-28 LIQUIDITY ON DEPOSITS AND OTHER OBLIGATIONS Approval: 06/16/2021 Validity: 06/23/2021 AGREES to issue the following:
TECHNICAL STANDARDS FOR THE CALCULATION AND USE OF THE LIQUIDITY RESERVE ON DEPOSITS AND OTHER OBLIGATIONS

CHAPTER I
OBJECT, SUBJECTS, AND TERMS
Object
Art. 1.- The object of these Technical Standards is to provide the parameters for the calculation of the Liquidity Reserve requirement that obligated subjects must maintain, as well as the provisions for its use. Subjects Art. 2.- The obligated subjects for compliance with the provisions established in these Norms are the following:
a) Banks constituted in El Salvador; b) Branches of foreign banks established in El Salvador; c) Savings and credit societies; d) Cooperative banks; (1) e) Federations formed by cooperative banks and also by savings and credit societies; and (1) f) Investment banks. (1) Terms Art. 3.- For the purposes of these Norms, the terms indicated below have the following meaning:
a) Central Bank: Central Reserve Bank of El Salvador; b) Entities: Obligated subjects for compliance with these Norms according to Article 2 thereof; c) Reserve or RL: Liquidity Reserve; and d) Superintendence: Superintendence of the Financial System.

CHAPTER II
CALCULATION OF THE LIQUIDITY RESERVE REQUIREMENT

Coefficients of obligations subject to Reserve Art. 4.- The obligations subject to Reserve and their corresponding coefficients for the obligated subjects are the following:

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CNBCR-07/2021 NRP-28 LIQUIDITY ON DEPOSITS AND OTHER OBLIGATIONS Approval: 06/16/2021 Validity: 06/23/2021 Code Account Names % of Coefficients 211001 Demand deposits – checking accounts 18 211002 Demand deposits – savings accounts 16 211003 Demand deposits – savings accounts – simplified savings account deposits 16 2111 Agreed deposits up to one year term 12 211201 Time deposits 12 211202 Time deposits with special reserve (CEDEVIV and CEDAGRO) 10 211202 Time deposits with special reserve (For the cancellation of agricultural and livestock debt) 1 211203 In guarantee of letters of credit 12 211204 Programmed savings 12 211401 Restricted and inactive deposits – savings accounts 16 211402 Restricted and inactive deposits – time deposits 12 211403 Seized deposits – checking accounts 18 211404 Seized deposits – savings account 16 211406 Inactive deposits – checking accounts 18 211407 Inactive deposits – savings 16 211408 Deposits in guarantee – simplified savings account 16 211409 Seized deposits – simplified savings account 16 211410 Inactive deposits – simplified savings account 16 2121080101 Owed to foreign banks for letters of credit 3 2121080102 Owed to foreign banks for letters of credit ME 3 2121080201 Owed to foreign banks for credit lines 3 2121080202 Owed to foreign banks for credit lines ME 3 2121080301 Owed to foreign banks – others 3 2121080302 Owed to foreign banks – others – ME 3 2121080501 Owed to foreign cooperatives * 3 2121080502 Owed to foreign cooperatives * 3 2121089901 Interest and others to pay 3 2121089902 Interest and others to pay – ME 3 2122080101 Owed to foreign banks for letters of credit 3 2122080102 Owed to foreign banks for letters of credit ME 3 2122080201 Owed to foreign banks for credit lines 3 2122080202 Owed to foreign banks for credit lines ME 3 2122080301 Owed to foreign banks – others – 3 2122080302 Owed to foreign banks – others – ME 3

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CNBCR-07/2021 NRP-28 LIQUIDITY ON DEPOSITS AND OTHER OBLIGATIONS Approval: 06/16/2021 Validity: 06/23/2021 Code Account Names % of Coefficients 2122080501 Owed to foreign cooperatives * 3 2122080502 Owed to foreign cooperatives * 3 2122089901 Interest and others to pay 3 2122089902 Interest and others to pay – ME 3 2130010201 Certified checks 18 2130010202 Certified checks – ME 18 2141 Own issuance titles agreed to less than one year term 15 2141 Own issuance titles to one year term 5 2142 Own issuance titles agreed to more than one year term (Comprises those agreed to 5-year term guaranteed with State bonds for the Conversion and Consolidation of the guaranteed internal debt). 1 2142 Own issuance titles agreed to more than one year term (All not included in the previous account) 5 5120010002 Guarantees to less than five years term ME 5 5120020002 Bonds to more than five years term ME 5

Accounts applicable only to cooperative banks and federations
In the text of these Norms, the expression “obligations” will comprise all the liabilities described above. Daily average balances. Art. 5.- The daily average balances of the accounts mentioned in Article 4 of these Norms must be those corresponding to the calculation period of the Reserve requirement. Said period will comprise fourteen consecutive days, prior to the compliance period, which will always start on Tuesday and end on Monday. In the case of non-business days included within a Reserve requirement calculation period, the balance of the previous business day will be taken. For the purposes of these Norms, non-business days will be Saturdays, Sundays, and closure days established by the Superintendence; business days comprise Monday to Friday, even if they correspond to balance preparation days.
CHAPTER III
CONSTITUTION OF LIQUIDITY RESERVES

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CNBCR-07/2021 NRP-28 LIQUIDITY ON DEPOSITS AND OTHER OBLIGATIONS Approval: 06/16/2021 Validity: 06/23/2021 Constitution of the Reserve Art. 6.- The Reserve may be constituted totally or partially in the Central Bank, in the form of demand deposits in United States dollars or in securities issued by it in the same currency, and may also be invested abroad. Said Reserve must be integrated by the following tranches:
a) The equivalent to twenty-five percent (25%) of the Reserve requirement, in the form of a demand deposit in the Central Bank or in the foreign bank in question; b) The equivalent to twenty-five percent (25%) of the Reserve requirement, in the form of demand deposits in the Central Bank or the foreign bank in question; or securities issued by the Central Bank for the purposes of the Liquidity Reserve; and c) The remaining fifty percent (50%) in securities issued by the Central Bank or demand deposits in the Central Bank for the purposes of the Liquidity Reserve. In the case that the obligated subject decides to invest part of the Reserve in foreign banks, it must be subject to what is established in the “Technical Standards for the Investment of Liquidity Reserves Abroad” (NPB3-10). The obligated subjects described in letters d) and e) of Article 2 of these Norms, according to the Cooperative Banks and Savings and Credit Societies Law, cannot invest the Liquidity Reserve abroad; consequently, the provisions described in the previous clauses referring to those investments do not apply to them. In the case that cooperative banks decide to invest up to 50% of the Reserve in time deposits in local banks, they must be subject to what is established in Annex No. 4 of these Norms. Communication of the Liquidity Reserve requirement Art. 7.- The Superintendence will calculate and inform each of the obligated subjects, on the business day after the calculation period has concluded, the required Reserve.
CHAPTER IV
COMPLIANCE AND USE OF THE LIQUIDITY RESERVE

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CNBCR-07/2021 NRP-28 LIQUIDITY ON DEPOSITS AND OTHER OBLIGATIONS Approval: 06/16/2021 Validity: 06/23/2021 Compliance period Art. 8.- The compliance period of the Reserve comprises fourteen days, which will start on the Wednesday after the Reserve requirement calculation period has ended. It will be understood that an entity has complied with the Reserve requirement when, at the end of the compliance period, an average equal to or greater than the required Reserve is obtained.

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CNBCR-07/2021 NRP-28 LIQUIDITY ON DEPOSITS AND OTHER OBLIGATIONS Approval: 06/16/2021 Validity: 06/23/2021 Calculation of compliance Art. 9.- The Superintendence will be responsible for calculating the compliance of the Reserve, as well as for quantifying daily surpluses or deficiencies and for sending the Central Bank the information relative to the liquidity situation of each obligated subject. Surpluses or deficiencies will be determined daily and will be the result of the difference between the required Reserve and the constituted one. Reserve surpluses will compensate for deficiencies during a compliance period; however, at the end of it, the average of the constituted Reserve must not be lower than the Reserve requirement for said period. For the purposes of daily compliance with the RL, the daily balance of the constituted Reserve will be computed. Utilization of Reserves Art. 10.- In order to solve liquidity problems, an obligated subject may use the resources of the first tranche, equivalent up to twenty-five percent (25%) of the required Reserve, automatically and without withdrawal fees. For the same purpose, it may dispose of the second tranche equivalent to twenty-five percent (25%) automatically. In this case, the Central Bank will charge and apply a fee proportional to the amount withdrawn from funds of this tranche. The resources of the third tranche, which constitute fifty percent (50%) of the Reserve, may be used by obligated subjects through the operations determined by the applicable law, with prior authorization from the Superintendent of the Financial System, in which case, the obligated subject must present a regularization plan as established in letter b) of Article 76 and Article 77 of the Banks Law, Article 72 of the Cooperative Banks and Savings and Credit Societies Law, and Article 47 of the Investment Banks Law, depending on the type of obligated subject. (1) Management of deposits Art. 11.- Obligated subjects may carry out debit and credit operations on the demand deposits they maintain in the Central Bank, in accordance with the regulations issued by the Central Bank and the contract they sign for such effect.
CHAPTER V
DAILY INFORMATION OF THE LIQUIDITY RESERVE AND BALANCES OF DEPOSITS AND OTHER OBLIGATIONS

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CNBCR-07/2021 NRP-28 LIQUIDITY ON DEPOSITS AND OTHER OBLIGATIONS Approval: 06/16/2021 Validity: 06/23/2021 Registration of the Liquidity Reserve Art. 12.- The Superintendence will establish daily the constituted Reserve of each obligated subject, based on the information provided by them and the Central Bank. Submission of information Art. 13.- Information on the daily balances of obligations and additional information must be sent by each obligated subject to the Superintendence and to the Central Bank, in the form established in Annex No. 1 of these Norms, no later than 9:30 a.m. on the following business day. In the case that obligated subjects present or substitute the daily information on the situation of obligations after the indicated hour, the Superintendence, in order to calculate compliance, will take the lowest balance of the constituted Reserve recorded in the immediate previous fourteen-day period. When the constituted Reserve determined according to the previous clause results in being greater than that of the day of non-compliance, the latter will be taken. Superintendence Reports Art. 14.- The Superintendence must inform the Central Bank daily, on the situation of the Reserve of the obligated subjects, no later than 3:30 p.m. on the next business day; and one business day after the compliance period has concluded, the information reflecting the situation of the Reserve of each of the obligated subjects, whether they present surpluses or deficiencies. The information referred to in this article must be sent using the forms established in Annexes Nos. 2 and 3 of these Norms. Central Bank Reports Art. 15.- The Central Bank must inform the Superintendence and the obligated subjects daily, no later than 9:00 a.m. and through a statement of account, the balance in admissible securities for the computation of the Liquidity Reserve; likewise, it must inform the balances of its deposit accounts corresponding to the immediate previous business day, through the systems implemented for such effects. The balances in deposit accounts that obligated subjects maintain as part of the third tranche of the Liquidity Reserve must be communicated separately from the balances in deposit accounts where the first two tranches of the Liquidity Reserve are maintained.

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CNBCR-07/2021 NRP-28 LIQUIDITY ON DEPOSITS AND OTHER OBLIGATIONS Approval: 06/16/2021 Validity: 06/23/2021
CHAPTER VI
OTHER PROVISIONS AND VALIDITY
Electronic submission of information
Art. 16.- The information referred to in Articles 13, 14, and 15 of these Norms must be provided electronically. Requirements of securities Art. 17.- The securities constituting the Reserve must be free of any encumbrance; however, they may be pledged only through repo operations carried out directly with the Central Bank. Remuneration of Liquidity Reserves Art. 18.- Regarding the remuneration of demand deposits that obligated subjects maintain in the Central Bank, as Liquidity Reserve, it will be in accordance with what is established in the Banks Law, Cooperative Banks and Savings and Credit Societies Law, and Investment Banks Law, depending on the obligated subject. (1) The Central Bank will establish the remuneration to be paid for demand deposits and investment in securities that obligated subjects maintain as Liquidity Reserve. Transitory- Calculation of the required liquidity reserve during the gradualness period Art. 19.- The Liquidity Reserve requirement, for the gradualness period of 26 fortnights, which will start from June 23, 2021, and end on June 21, 2022, will be the amount resulting from applying the coefficients established in Article 4 of these Norms to the daily average balance of the obligations subject to Reserve as established in Article 5 of these Norms, except for those corresponding to checking and savings accounts, to which the coefficients detailed in this article will be applied. To the resulting amount, the following discounts will be applied:
a) A percentage of the average balance that entities subject to the “Temporary Technical Standards for the Calculation of the Liquidity Reserve” (NPBT -04) reported in account 111001 Cash on Hand, and which was used for the calculation of the Liquidity Reserve requirement in the fortnights from March 31 to May 11, 2021 (rounded to two decimal places); and b) A percentage of the amount that entities subject to the “Temporary Technical Standards to Incentive the Granting of Credits” (NPBT -05), reported as discount

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CNBCR-07/2021 NRP-28 LIQUIDITY ON DEPOSITS AND OTHER OBLIGATIONS Approval: 06/16/2021 Validity: 06/23/2021 for the calculation of the Liquidity Reserve requirement in the fortnight from June 9 to 22, 2021 (rounded to two decimal places). As provided in the first clause of this article, the coefficients applicable to checking account deposits (211001, 211403, 211406, 2130010201, and 2130010202) and savings account deposits (211002, 211003, 211401, 211404, 211407, 211408, 211409, and 211410) will increase gradually during the 26 fortnights of the gradualness period, according to the following detail:
Number of fortnight
Fortnight Period
Applicable
Coefficients
Percentage of average balance of account 111001 applied as discount Percentage of Productive Credits Balance applied as discount Start End Checking account Savings account 1 6/23/2021 7/6/2021 15.30% 12.45% 86.00% 96.20% 2 7/7/2021 7/20/2021 15.60% 12.90% 72.00% 92.40% 3 7/21/2021 8/3/2021 15.90% 13.35% 58.00% 88.60% 4 8/4/2021 8/17/2021 16.20% 13.80% 44.00% 84.80% 5 8/18/2021 8/31/2021 16.50% 14.25% 30.00% 81.00% 6 9/1/2021 9/14/2021 16.80% 14.70% 16.00% 77.20% 7 9/15/2021 9/28/2021 17.00% 15.00% 0.00% 73.40% 8 9/29/2021 10/12/2021 17.05% 15.05% 0.00% 69.60% 9 10/13/2021 10/26/2021 17.10% 15.10% 0.00% 65.80% 10 10/27/2021 11/9/2021 17.15% 15.15% 0.00% 62.00% 11 11/10/2021 11/23/2021 17.20% 15.20% 0.00% 58.20% 12 11/24/2021 12/7/2021 17.25% 15.25% 0.00% 54.40% 13 12/8/2021 12/21/2021 17.30% 15.30% 0.00% 50.60% 14 12/22/2021 1/4/2022 17.35% 15.35% 0.00% 46.80% 15 1/5/2022 1/18/2022 17.40% 15.40% 0.00% 43.00% 16 1/19/2022 2/1/2022 17.45% 15.45% 0.00% 39.20% 17 2/2/2022 2/15/2022 17.50% 15.50% 0.00% 35.40% 18 2/16/2022 3/1/2022 17.55% 15.55% 0.00% 31.60% 19 3/2/2022 3/15/2022 17.60% 15.60% 0.00% 27.80% 20 3/16/2022 3/29/2022 17.65% 15.65% 0.00% 24.00% 21 3/30/2022 4/12/2022 17.70% 15.70% 0.00% 20.20% 22 4/13/2022 4/26/2022 17.75% 15.75% 0.00% 16.40% 23 4/27/2022 5/10/2022 17.80% 15.80% 0.00% 12.60% 24 5/11/2022 5/24/2022 17.85% 15.85% 0.00% 8.80% 25 5/25/2022 6/7/2022 17.90% 15.90% 0.00% 5.00% 26 6/8/2022 6/21/2022 18.00% 16.00% 0.00% 0.00%

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CNBCR-07/2021 NRP-28 LIQUIDITY ON DEPOSITS AND OTHER OBLIGATIONS Approval: 06/16/2021 Validity: 06/23/2021 The Liquidity Reserve requirement, from the end of the gradualness period referred to in this article, will be the amount resulting from applying the coefficients established in Article 4 of these Norms to the daily average balance of the obligations subject to Reserve. Technical details of information submission Art. 20.- The Superintendence will send to the entities, with a copy to the Central Bank, within a maximum period of thirty days after the entry into force of these Norms, the technical details related to the submission of the information requested in Annex No. 1 and No. 5 of these Norms. The information requirements will be limited to the collection of information as regulated in these Norms. With respect to Annex No. 1-A of these Norms, the Superintendence will send to the entities described in letter f) of Article 2 of these Norms, with a copy to the Central Bank, within a maximum period of thirty days after the entry into force of the modifications to these Norms, the technical details related to the submission of the information requested in said Annex. (1) Art. 21.- Entities will have up to ninety days from the communication of the technical details by the Superintendence to adapt and comply with the new form of information submission established for Annex No. 1 and No. 5 of these Norms. Entities must continue to send to the Superintendence Annex No. 1 according to the information previously established prior to the entry into force of these Norms and Annex No. 5 in Excel file format, until the adaptation period referred to in the previous clause has ended.

Derogation
Art. 22.- These Standards, from their entry into force, repeal the "Standards for the Calculation and Use of the Liquidity Reserve on Deposits and Other Obligations" (NPB3-06), approved by the Board of Directors of the Superintendence of the Financial System, in Session No. CDSSF– 67/2000 of December 21, 2000, whose Organic Law was repealed in accordance with Legislative Decree No. 592 containing the Law of Supervision and Regulation of the Financial System, published in Official Diary No. 23, Volume No. 390, dated February 2, 2011.

Alameda Juan Pablo II, between 15 and 17 Norte Ave, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CNBCR-07/2021 NRP-28 LIQUIDITY ON DEPOSITS AND OTHER OBLIGATIONS Approval: 16/06/2021 Validity: 23/06/2021 Sanctions Art. 23.- Violations of the provisions contained in these Standards will be sanctioned in accordance with what is established in the Law of Supervision and Regulation of the Financial System. Unforeseen Aspects Art. 24.- Aspects not provided for in regulatory matters in these Standards will be resolved by the Central Bank through its Standards Committee.

Validity
Art. 25.- These Standards will enter into force from June 23, 2021. MODIFICATIONS:
(1) Modifications in articles 2, 10, 18, 20 and Annexes No. 1, 2 and 3 and incorporation of Considerations V and VI and Annex No. 1-A, approved by the Central Bank through its Standards Committee, in Session No. CN 08/2025, of September 30, 2025, effective from October 15, 2025. (2) Modifications in Annexes Nos. 1 and 1-A, approved by the Central Bank through its Standards Committee, in Session No. CN-03/2026, of March 19, 2026, with effect from April 6, 2026.

Annex No. 1 (1)

BALANCES OF DEPOSITS AND OBLIGATIONS SUBJECT TO LIQUIDITY RESERVE (The figures must be equal to those reported in the Balances) End-of-day data:

In US$:
CONCEPT BALANCE a) Checking Accts. (211001,211403,211406,2130010201 and 2130010202) $ 1 Public Sector $ 2 Private Sector $ b) Savings Dep. (211002,211003,211401,211404,211407,211408,211409 and
211410) $
1 Public Sector $
2 Private Sector $ c) Time Dep. (2111,2112,211301,211402,211405; excludes: 211202) (1) $ 1 Public Sector $ 2 Private Sector $ d) Certificates of time deposits for housing (211202) $ 1 Public Sector $ 2 Private Sector $ e) Agricultural time deposit certificates (211202) $ 1 Public Sector $ 2 Private Sector $ f) Loans owed to foreign banks (less than 5 years) $ 1 Up to one year term (211608, excludes 2116080401 and 2116080402) (1) $ 2 More than one year term (211708, excludes 2117080401 and 2117080402) (1) $ g) Own Issuance Titles agreed for less than one year term (212001 and 212006; Excludes own issuance titles agreed for one year term and other issuances agreed for one year term) (1)(2) $ 1 Public Sector $ 2 Private Sector $ h) Own Issuance Titles for 1 year term and more (212; excludes own issuance titles agreed for less than one year term, other own issuances agreed for less than one year term and Certificates for 5 years or more

Annex No. 1 (1)

BALANCES OF DEPOSITS AND OBLIGATIONS SUBJECT TO LIQUIDITY RESERVE (The figures must be equal to those reported in the Balances) End-of-day data:

In US$:
CONCEPT BALANCE guaranteed with State Bonds for the conversion and Consolidation of Int. Debt. Guar.) (1)(2) 1 Public Sector $ 2 Private Sector $ i) Certificates for 5 years or more, guaranteed with State Bonds for the Conversion and Consolidation of Internal Debt guaranteed (212004) (1) $ 1 Public Sector $ 2 Private Sector $ j) Trust Funds received to be placed directly or indirectly in credits and other financial instruments (912001) $ 1 Public Sector $ 2 Private Sector $ k) Special Deposit Certificate for Cancellation of Agrarian and Agricultural Debts (211202) $ 1 Public Sector $ 2 Private Sector $ l) Guarantees and sureties with the exterior $ 1 Guarantees (5120010002) $ 2 Sureties (5120040002) (1) $ Sum of Balances (a+b+c+d+e+f+g+h+i+j+k+l) $ DEPOSITS IN CBE $ TOTAL REQUIRED RESERVE $ EXCESS (DEFICIENCY) OF LIQUIDITY RESERVE $ COMPLEMENTARY INFORMATION ASSET ACCOUNTS $ Cash (111001) (1) $ Deposits in the CBE (111002) Documents at the Disposal of Other Banks (111003) Balance of Repo Investments (1121) $ $ $ Balance of Gross Loans granted (1141,1142,1148) $

Annex No. 1 (1)

BALANCES OF DEPOSITS AND OBLIGATIONS SUBJECT TO LIQUIDITY RESERVE (The figures must be equal to those reported in the Balances) End-of-day data:

In US$:
CONCEPT BALANCE
Foreign investments with AAA to AA- category (113) Investments of the Ministry of Finance with maturity less than 1 year (113) Investments of the Ministry of Finance with maturity greater than 1 year (113) Deposits in foreign banks with AAA to A- category (111006) Deposits in foreign banks with BBB+ to BBB- category (111006) Foreign investments with A+ to BBB- category (113) Time deposits in local banks (1110040301 and 1110040302) Demand deposits in local banks (1110040101, 1110040102, 1110040201 and 1110040202) Loans to local banks (114105 and 114205) $ $ $ $ $ $ $ $ $

LIABILITY ACCOUNTS
Cash or management checks (2130010101,2130010102) $ Certified Checks (2130010201,2130010202) $ Repurchase Agreement Operations (2115) (1) $ Own Issuance Titles agreed for one year term $ Own Issuance Titles agreed for 5 year term and more without mortgage guarantee $ Own Issuance Titles for 5 years and more, with mortgage guarantee (exempt from reserve) $ 1 Public sector (212004) (1) $ 2 Private sector (212004) (1) $ Loans Owed to Ext. Banks for 5 years and more (211808, excludes 2118080401 and 2118080402) (1) Owed to local banks (211605) (1) $ $ CONTINGENCY ACCOUNTS Contingencies for Negotated Import Letters of Credit (511001,511003) $ Prepared by Signature: Authorized Signature:
Name and Phone: Name and
Phone:

Annex No. 1 (1)

BALANCES OF DEPOSITS AND OBLIGATIONS SUBJECT TO LIQUIDITY RESERVE (The figures must be equal to those reported in the Balances) End-of-day data:

In US$:
CONCEPT BALANCE
Preparation Date:

Annex No. 1-A (1)

BALANCES OF DEPOSITS AND OBLIGATIONS SUBJECT TO LIQUIDITY RESERVE FOR INVESTMENT BANKS (The figures must be equal to those reported in the Balances) End-of-day data:

In US$:
CONCEPT BALANCE a) Checking Accts. (211001,211403,211406,2130010201 and 2130010202) $ 1 Public Sector $ 2 Private Sector $ b) Savings Dep. (211002,211401,211404,211407) $ 1 Public Sector $ 2 Private Sector $ c) Time Dep. (2111,2112,211301,211402,211405; excludes: 211202) $ 1 Public Sector $ 2 Private Sector $ d) Certificates of time deposits for housing (211202) $ 1 Public Sector $ 2 Private Sector $ e) Agricultural time deposit certificates (211202) $ 1 Public Sector $ 2 Private Sector $ f) Loans owed to foreign banks (less than 5 years) $ 1 Up to one year term (211606, excludes 2116060401 and 2116060402) $ 2 More than one year term (211706, excludes 2117060401 and 2117060402) $ g) Own Issuance Titles agreed for less than one year term (212001 and 212002); Excludes own issuance titles agreed for one year term and tokenized titles agreed for one year term) (2) $ 1 Public Sector $ 2 Private Sector $ h) Own Issuance Titles for 1 year term and more (212; excludes own issuance titles agreed for less than one year term, tokenized titles agreed for less than one year term and Certificates for 5 years or more guaranteed

Annex No. 1-A (1)

BALANCES OF DEPOSITS AND OBLIGATIONS SUBJECT TO LIQUIDITY RESERVE FOR INVESTMENT BANKS (The figures must be equal to those reported in the Balances) End-of-day data:

In US$:
CONCEPT BALANCE with State Bonds for the conversion and Consolidation of Int. Debt. Guar.) (2) $ 1 Public Sector $ 2 Private Sector $ i) Certificates for 5 years or more, guaranteed with State Bonds for the Conversion and Consolidation of Internal Debt guaranteed (212004) $ 1 Public Sector $ 2 Private Sector $ j) Special Deposit Certificate for Cancellation of Agrarian and Agricultural Debts (211202) $ 1 Public Sector $ 2 Private Sector $ k) Guarantees and sureties with the exterior $ 1 Guarantees (5120010002) $ 2 Sureties (5120040002) $ Sum of Balances (a+b+c+d+e+f+g+h+i+j+k) $ DEPOSITS IN CBE $ TOTAL REQUIRED RESERVE $ EXCESS (DEFICIENCY) OF LIQUIDITY RESERVE $ COMPLEMENTARY INFORMATION ASSET ACCOUNTS $ Cash (111001) (1) $ Deposits in the CBE (111002) Documents at the Disposal of Other Banks (111003) Balance of Repo Investments (1121) $ $ $ Balance of Gross Loans granted (1141,1142,1148) Foreign investments with AAA to AA- category (113) Investments of the Ministry of Finance with maturity less than 1 year (113) $ $ $

Annex No. 1-A (1)

BALANCES OF DEPOSITS AND OBLIGATIONS SUBJECT TO LIQUIDITY RESERVE FOR INVESTMENT BANKS (The figures must be equal to those reported in the Balances) End-of-day data:

In US$:
CONCEPT BALANCE
Investments of the Ministry of Finance with maturity greater than 1 year (113) Deposits in foreign banks with AAA to A- category (111007) Deposits in foreign banks with BBB+ to BBB- category (111007) Foreign investments with A+ to BBB- category (113) Time deposits in local banks (1110040301 and 1110040302) Demand deposits in local banks (1110040101, 1110040102, 1110040201 and 1110040202) Loans to local banks (114105 and 114205) $ $ $ $ $ $ $

LIABILITY ACCOUNTS
Cash or management checks (2130010101,2130010102) $ Certified Checks (2130010201,2130010202) $ Repurchase Agreement Operations (2115) $ Own Issuance Titles agreed for one year term $ Own Issuance Titles agreed for 5 year term and more without mortgage guarantee $ Own Issuance Titles for 5 years and more, with mortgage guarantee (exempt from reserve) $ 1 Public sector (212004) $ 2 Private sector (212004) $ Loans Owed to Ext. Banks for 5 years and more (211806, excludes 2118060401 and 2118060402) Owed to local banks (211605) $ $ CONTINGENCY ACCOUNTS Contingencies for Negotated Import Letters of Credit (511001,511003) $ Prepared by Signature: Authorized Signature:
Name and Phone: Name and
Phone:
Preparation Date:

Annex No. 2 (1)
Alameda Juan Pablo II, between 15 and 17 Norte Ave, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CNBCR-07/2021 NRP-28 ON DEPOSITS AND OTHER OBLIGATIONS Approval:
16/06/2021
Validity:
23/06/2021
DAILY LIQUIDITY SITUATION
IN UNITED STATES DOLLARS
DATE ___ OF__________OF_______

BALANCES
DEPOSITS

(1)
BALANCES
OTHER
OBLIGATIONS
( 2 )
TOTAL
OF
BALANCES
3 = (1+2)
REQUIRED
LIQUIDITY RESERVE
CONSTITUTED
LIQUIDITY RESERVE COMPLIANCE
INSTITUTIONS TRAMPS I
AND TRAMP
II

TOTAL
(4)
TRAMPS I AND
TRAMP II
TRAMP III
TOTAL
(5)
EXCESS OR
DEFICIENCY
6 = (5-4)
FINANCIAL
TRAMP III

PRIVATE BANKS
TOTAL PRIV. BANKS

FOREIGN BANKS
TOTAL FOREIGN BANKS
PUBLIC BANKS

TOTAL PUBLIC BANKS
COOPERATIVE BANKS AND FEDERATIONS
TOTAL COOPERATIVE BANKS AND
FEDERATIONS

SAVINGS AND CREDIT SOCIETIES
TOTAL SAVINGS AND CREDIT SOCIETIES

INVESTMENT BANKS (1)

TOTAL INVESTMENT BANKS (1)
GENERAL TOTAL
___________________ __________________ _____________ MADE REVIEWED AUTHORIZED

Annex No. 3 (1)

Alameda Juan Pablo II, between 15 and 17 Norte Ave, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CNBCR-07/2021 NRP-28 ON DEPOSITS AND OTHER OBLIGATIONS Approval:
16/06/2021
Validity:
23/06/2021
LIQUIDITY RESERVE COMPLIANCE REPORT ON DEPOSITS AND OBLIGATIONS IN US DOLLARS OF THE TO THE Required Liquidity Reserve (7) Reserve Constituted Average (8) = Sum Daily Const. Res. / N ° days Accumulated Excess or Deficiency (9) = 8-7 Compliance Percentage (10) = 8/7

INSTITUTION

BANKS
FOREIGN BANKS
PUBLIC BANKS
COOPERATIVE BANKS
SAVINGS AND CREDIT SOCIETIES
INVESTMENT BANKS (1)

General Total

Annex No. 4

The Governing Body of the cooperative bank must approve the constitution of the
Liquidity Reserve between: a) constituting 100% in the Central Bank, or b) constituting 50% in the Central Bank and 50% in local banks. The choice must be informed to the Superintendent within five days counted after the respective agreement is taken.
The Governing Body must establish policies to determine the terms and the
limit of investment in each local bank, in order to avoid concentrations, considering in addition the risk ratings of the banking entities, without losing sight of the objective of the Liquidity Reserve.
The time deposits constituted in local banks to comply with the
Reserve must include in the deposit certificate the phrase: "For Liquidity Reserve" and must be free of any encumbrance, unless they are used to cover liquidity needs of each cooperative bank.
The first day of each compliance fortnight, the cooperative bank must
send to the Superintendence, a certificate (see model in Annex No. 5 of these Standards) signed by the General Manager no later than 3:00 PM, detailing the following:
a) The time deposits constituted in local banks that make up the Reserve. b) Declare that said deposits are free of any encumbrance, unless they are used to cover liquidity needs.
If during the compliance fortnight of the Reserve modifications occur in the deposits such as renewals or other time deposits are constituted in other banks, the general manager of the cooperative bank
must resend the information reported in the previous paragraph.

Annex No. 5

Alameda Juan Pablo II, between 15 and 17 Norte Ave, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv CNBCR-07/2021 NRP-28 ON DEPOSITS AND OTHER OBLIGATIONS Approval:
16/06/2021
Validity:
23/06/2021
CERTIFICATE OF COMPLIANCE OF THE LIQUIDITY RESERVE MODALITY OF TIME DEPOSITS IN LOCAL BANKS Cooperative Bank: _________________________________________ I, __________________________________________________, General Manager, send for purposes of compliance with the TECHNICAL STANDARDS FOR THE CALCULATION AND USE OF THE LIQUIDITY RESERVE ON DEPOSITS AND OTHER OBLIGATIONS, certificate on the bank deposits constituted for the compliance of the Liquidity Reserve corresponding to the fortnight from ___________ to ____________. Declaring that these deposits are free of any encumbrance and if their use is necessary, prior authorization from the Superintendent will be requested and it will also be informed on the same day of its use no later than 3:00 p.m. Name of the Bank No. Deposit Certificate Time of the Deposit Date opening of the Deposit Amount of the Deposit Date of maturity % that represents of the Reserve Third tramp - - - - - - - - - - Total

Note: this table must also be sent through the computer system defined by the Superintendence. Signature: ______________________________ Seal: ________________

Technical Standards for the Calculation and Use of the Liquidity Reserve on Deposits and Other Obligations

Lineage: In force

Similar documents from other regulators