BCRA mandatory requirements for inclusion in cash instructions - Argentina
Customers must provide mandatory information as requested by the Banco Central de la Republica de Argentina (BCRA) in all cash instructions (withdrawal and book-entry transfers of funds) processed via SWIFT MT103 and MT202, including internal transfers of funds via Citibank N.A. Buenos Aires as cash correspondent bank.
Local tax identification code information:
- For non-resident investors:
CDI (local identification code)
If required, Clearstream Banking's local identification code (CDI number) is 30712217681. - For local entities:
CUIL (labour identification code)
CUIT (tax identification code)
BCRA “operation type” codes:
| Code number | Description |
| 01 | Interest |
| 02 | Amortization |
| 03 | Interest and amortization |
| 04 | Advance rescue |
| 05 | Settlement |
| 06 | Primary settlement |
| 07 | Corporate Bonds |
| 09 | Dividends |
| 10 | Buy/Sell Securities |
| 11 | Swaps/Forwards |
| 12 | Fees related to Securities Transactions |
Anti-money laundering codes:
Customers are required to declare whether they are considered a Politically Exposed Person (PEP), or Non-Politically Exposed Person (NO PEP) as per law 25.246 and amendments:
| Description |
| Politically Exposed Person (PEP) |
| Non-Politically Exposed Person (NO PEP) |
SWIFT MT103
Field :59: Beneficiary
The 11-digit local tax identification number of the beneficiary is mandatory and must be entered in the first line preceded by the appropriate code type.
Example: :59:/CDI/12345678910
The beneficiary institution may also require the relevant CBU (Clave Bancaria Unificada) code in the second line of this field. The CBU is a 22-digit identification code that identifies the financial institution, its branch office and the specific bank account that is to be credited. An example is as follows:
CBU/1234567890123456789098
If the customer wants to include the beneficiary name, this should be entered in the line below, as follows:
Example: :59:/CDI/12345678910
Example: CBU/1234567890123456789098
Example: Bank of ABCXYZ
Field :70: Narrative
The 12-character ISIN code of the underlying transaction must be entered in the first line, with the appropriate operation type entered in the second line, followed by the new anti-money laundering code (PEP or NO PEP).
Example: :70:/ISIN/XX1234567890
Example: //01 Interest/NO PEP
SWIFT MT202
Field :72: Sender to receiver information
The 11-digit local tax identification number of the beneficiary is mandatory and must be placed in the first line preceded by the appropriate code type.
The 12-character ISIN code of the underlying transaction must be entered in the second line, with the appropriate operation type and the new anti-money laundering code (PEP or NO PEP) entered in the line below, as follows:
Example: :72:/CDI/12345678910
Example: /ISIN/XX1234567890
Example: //01 Interest/NO PEP
Field :58a: Beneficiary institution
The beneficiary institution may also require the relevant CBU (Clave Bancaria Unificada) code in the second line of this field. The CBU is a 22-digit identification code that identifies the financial institution, its branch office and the specific bank account that is to be credited. An example is as follows:
CBU/1234567890123456789098
If the customer wants to include the beneficiary name, this should be entered in the line below, as follows:
Example: :58D:/CBU/1234567890123456789098
Example: Bank of ABCXYZ