23. FINANCIAL TRUSTS

The Group acts as trustee or settler in financial trusts:

i) As Trustee:

Guarantee Management Trusts

Trustee: Banco Supervielle.

Indenture

Due of principal

Original principal

Principal

Financial trust

executed on

obligation

amount

balance

Beneficiaries

Settlers

Credimas

01/11/2013

06/21/2019

16,000

—

Banco Supervielle S.A.

Credimas S.A.

Asministration trust Interconnection 500 KV ET Nueva San Juan - ET Rodeo Iglesia

09/12/2018

09/12/2018, or until the termination of payment obligations through Disbursements (the “Extinction date”).

—

Diservel S.R.L., Ingenias S.R.L, Geotecnia (Inv. Calvente), Newen Ingenieria S.A., Ingiciap S.A., Mercados Energeticos, Diservel S.R.L.) and the suppliers of works, goods and services included in the Project.

Interconexion Electrica Rodeo S.A.

The group acts also as trustee in the following trusts:

Mendoza Trust: In liquidation phase, since it has fulfilled the contract period, but is pending the completion of several acts that derive from the trustee. The liabilities recorded as of December 31,2019, mainly originating from the exclusion of assets, amount to 21,018 and have been backed by assets in trust (loans, other miscellaneous loans, and other non-financial assets, etc.) in the amount of 647. This trust will be liquidated following the procedures established by Law 24,441.

Luján Trust: The term of the contract has expired and all documentation relating to the liquidation has been delivered. On July 31, 2019 the Tax Authority approved the final deregistration in tax matters.

ii) As Settler

Publicly offered and listed financial trusts as of December 31, 2019 and December 31, 2018:

Supervielle Créditos Financial Trust

Assets in Trust: Personal Loans

Trustee: Equity TMF Trust Company (Argentina) S.A.

The following are financial trusts where Banco Supervielle S.A acts as settler as of December 31, 2019:

Value initially

Securities issued

Financial Trust

Set up on

assigned in trust

Type

Amount

Type

Amount

Serie 97

03/27/2018

750,000

VDF TV A

VN$712,500

VN$37,500

Mat: 01/20/20

Mat: 03/20/20

Cordial Compañía Financiera Financial Trust

Assets in Trust: Personal Loans

Trustee: Equity TMF Trust Company (Argentina) S.A.

The following are financial trusts where Cordial Compañía Financiera S.A acts as settler as of December 31, 2019:


				Securities issued
		Value initially		Participation
Financial Trust	Set up on	assigned in trust		Certificates		Debt Instruments
20	04/08/2019	$	600,000	$	120,000	$	480,000
21	06/24/2019	$	1,000,000	$	780,000	$	220,000
22	11/13/2019	$	571,560	$	102,300	$	469,260

Micro Lending Financial Trust

The following are financial trusts where Micro Lending S.A.U acts as settler:

Securitized

Issued Securities

Financial Trust

Set-up on

Amount

Type

Amount

Type

Amount

III

06/08/2011

39,779

VDF TV A

VN$31,823

VDF B

VN $6,364

VN $1,592

Vto: 03/12/13

Vto: 11/12/13

Vto: 10/12/16

09/01/2011

40,652

VDF TV A

VN$32,522

VDF B

VN $6,504

VN $1,626

Vto: 06/20/13

Vto: 10/20/13

Vto: 01/20/17

Vto: 01/15/19

Vto: 04/15/19

Vto: 07/22/22

XVIII

06/16/2017

119,335

VDF TV A

VN $89,501

VDF TV B

VN $7,291

VN $22,543

Vto: 05/15/19

Vto: 08/15/19

Vto: 10/15/22