Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 30

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 10
Chunk 30
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 regulations are simultaneously met, the foreign exchange transactions may be processed. On the execution date, clients may opt to channel the previously reported transactions through any authorized entity. In such cases, the intervening entity must hold a certificate issued by the reporting entity attesting compliance with the reporting requirement.

Within the framework of Phase 3 of the Economic Program with exchange rate flexibility and the floating band regime announced by the Argentine Government, the CNV issued General Resolution No. 1062, which introduced substantial amendments to the minimum holding period regime applicable to transactions with marketable securities.

In particular, for resident individuals, the minimum holding period required for the sale of marketable securities settled in foreign currency is eliminated, regardless of the jurisdiction or applicable law, as well as for outgoing and incoming transfers of marketable securities.

In the case of non-resident individuals, a minimum holding period of one business day is established for the sale of marketable securities settled in foreign currency and for transfers of securities acquired in local currency abroad.

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For resident legal entities, a minimum holding period of one business day is also established both for transfers to foreign depository entities and for applying settlement in foreign currency of securities originating abroad, which must remain credited for at least one business day in the central securities depository agent.

Exempted from compliance with the minimum holding period are transactions involving the sale of BOPREAL acquired in primary placements or auctions, the sale of marketable securities with settlement in foreign currency and in foreign jurisdiction as provided by the Central Bank of Argentina, and the sale of marketable securities with settlement in foreign currency acquired in pesos with funds from mortgage loans denominated in UVAs.

BOPREAL

The BOPREAL are securities issued by the Central Bank in USD for importers of goods and services with outstanding payment obligations for imports of goods with customs registration and/or services effectively rendered until December 12, 2023.

a) Importers of Goods

Importers may subscribe BOPREAL up to the amount of their pending debt for goods imports registered before December 12, 2023. Subscription requires certifications from the supervising entities (SEPAIMPO) and compliance with the conditions set forth in the Foreign Exchange Regulations.

b) Importers of Services

Importers may subscribe BOPREAL up to the amount of their pending debt for services effectively rendered or accrued before December 12, 2023. Documentation supporting the existence of the service, the outstanding amount, and compliance with applicable exchange regulations is required.

c) Profits and Dividends of Non-