Term deposits and investments: Adjustments

2020 - YEAR OF GENERAL MANUEL BELGRANO

COMMUNICATION “A” 7131
08/10/2020

TO FINANCIAL INSTITUTIONS:

Ref.: Circular
OPASI 2 - 623

Term deposits and investments. Adjustments.

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We address you to inform you that this Institution adopted the resolution that, in its pertinent part, establishes:

“1. Increase, with effect from 13.10.2020 inclusive, the percentages applicable to the simple average of the rates of the BCRA Liquidity Bills (LELIQ) auctions for the determination of the minimum rates for term deposits provided in the rules on “Term deposits and investments”, to:

• 89.35% for subsection i) of point 1.11.1.1.;

• 81.14% for subsection ii) of point 1.11.1.1.; and

• 71.89% for point 1.11.1.2.

  2. Increase, with effect from 13.10.2020 inclusive, to 0.7703 the coefficient that determines the fixed early cancellation rate for deposits with early cancellation option in Acquisition Value Units (“UVA”), regulated in point 2.8. of the rules on “Term deposits and investments”.”

Subsequently, we will send you the pages that, replacing those previously provided, must be incorporated into the referenced rules.

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