It Gives The Guarantee Of The State Short-Term Obligations Related To Foreign Trade Operations

Original Language Title: OTORGA LA GARANTIA DEL ESTADO A OBLIGACIONES DE CORTO PLAZO RELACIONADAS CON OPERACIONES DE COMERCIO EXTERIOR

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(And b) of article 2 of the law N ° 18.624 between January 1, 1991 and December 31, 1991. "
As regards the obligations referred to in the preceding paragraph, the maximum amount of the guarantee of the current status at any time does not exceed USD 2.800.000.000.-(two thousand eight hundred million dollars from the United States of America), or the equivalent in other foreign currencies, interest, commissions and other costs associated with such operations.
Will not be awarded the State guarantee referred to in this article to the obligations of banking companies and financial companies which are subsidiaries of a financial institution foreign, understanding as such those in one or more foreign financial institutions are proprietary in set of more than 50% of its equity capital.