Individuals with real domicile in the Argentine Republic or legal persons domiciled in the Argentine Republic or having a branch or any kind of permanent agency in the Argentine Republic. Final VAT Consumers are excluded.

Through:

a) Financial Institutions (EFIS in Spanish) authorized by the Central Bank of the Argentine Republic, elegible according to the BICE’s criteria, when they are the lessees or lessors of the goods which are the subject-matter of the Leasing contract.

b) The Lessees which are companies aimed mainly at executing Leasing contracts, when they are the lessees and lessors of the goods which are the subject-matter of the Leasing contract.

New capital assets, movable or real state, selected or specified by the Borrower, destined to the different economic activities within the sectors of goods and services production that generate added value.

Vehicles to be destined to a commercial, industrial or service use are excluded. The “sale & lease back” method is expressly excluded, as well as the Leasing over second-hand goods, except in the case of real property, which will be analysed according to the BICE’s exclusive criteria.

$ 30 million or its equivalent in dollars

The maximum term to grant a leasing is 121 months (In order to fix the maximum term of the financing to be granted, the life span of goods to be granted in a longer-term leasing must be considered; for real property which is not destined to dwelling it is 50 years, out of which the contract must at least cover a term of 20% of such life span.)

Pesos or the equivalent in US dollars. The BICE, at its sole criteria, may grant financings in other currencies.

In constant periodic payments, every six months maximum.

It is fixed by the BICE for each case. At the same time, the interest rate for the Borrower will be freely agreed on by the parties intervening in the transaction.

At the BICE’s satisfaction