REGULATIONS FOR FUTURES AND OPTIONS CONTRACTS ON US DOLLAR

Futures contracts.

1.1. Underlying Asset: US $ 1.000, - (one thousand US dollars).

1.2 Settlement: There will be no physical delivery for contracts that remain open at the end of the last trading day. These will be settled by delivering or receiving, as appropriate, the amount of Argentine Pesos that covers the difference between the original contract price and the final settlement price determined by:

1.2.1. The Reference Exchange Rate calculated and published on a daily basis by the Central Bank of the Argentine Republic, in accordance with the provisions of Notice “A” 3500 of 01/03/02, on the expiration date of the contract;

1.2.2. That Notice and/or any other type of provision issued by the Central Bank of the Argentine Republic that in the future replaces it;

1.2.3. If there is no rule to replace it, the Weighted Average Price of the UST $ T (transfer dollar against transfer pesos) of the contract's expiration date, taken from CAM1 at Mercado Abierto Electronico - MAE, for the shortest negotiated term;

1.2.4. In the impossibility of establishing the final settlement price, in accordance with the procedure set forth above, the Board of Directors may declare an emergency and determine the final settlement price, in accordance with the statutory and regulatory powers and as prescribed in point 4. Emergencies -, of this Regulation.

1.3. Contract Months: Series expiring in each of the twelve months of the year may be listed. In addition, weekly positions may be allowed when there is a period of no less than 7 consecutive days between their expiration and that of the monthly position.

1.4. Expiration and last trading day: last business day of the contract month for monthly positions and Friday (or next business day) for weekly positions.

1.5. Quoted price: The price will be quoted in Pesos ($) for each U$S 1, - (one US dollar) with 3 decimal digits.

1.6. Minimum price fluctuation: One-thousandth of a Peso ($ 0,001) for each U$S 1, - (one US dollar).

1.7. Currency: Margins will be paid in Argentine Pesos.

1.8 Margins: Will be calculated based on a scenario system including both futures and options on US dollars.

1.9. Maximum price fluctuation: The maximum fluctuation will be, at least, equal to the maximum price fluctuation expected in the scenarios used to calculate the collateral. This maximum fluctuation will not apply on the first and last trading days, or if the contract has not been negotiated on the previous day. In cases where the maximum fluctuation is reached, trading may be suspended and, if necessary, there may be a  margin call.

2. Option Contracts on Futures.

2.1. Underlying Asset: One futures contract on the US dollar.

2.2. Exercise style: American. Options can be exercised at any time before expiration.

2.3 Settlement: if it has intrinsic value at the expiration of the option or at the time of exercise, a long future position will be assigned to the holder of a call and a short future position to the holder of a put. The option seller will be assigned the opposite positions in both cases.

2.4. Expiration and last trading day: The options will expire and may be traded until the expiration date of the underlying futures contract.

2.5. Strike prices: Strike prices will be expressed in Argentine pesos, in multiples of one cent of a Peso ($ 0.01).

2.6. Minimum variation of the Premium: One-thousandth of a peso ($ 0,001) for every US $ 1, - (one US dollar).

2.7. Currency: The payment of premiums, margins and mark to market will be made in Argentine Pesos ($).

2.8 Margins: Will be calculated based on a scenario system including both futures and options on US dollars.

3. Unforeseeable events: Any other aspect that is not specifically covered by these provisions, will be determined in accordance with the Operating and Internal Regulations and Exchange Statutes and the resolutions that the Exchange Authorities may adopt, by virtue of statutory, bylaw or legal powers that are in force.

4. Emergencies: If both the Chairman of the Board and Management, or the Contract Committee consider that the settlement method, or any other aspect of the contract negotiation could be affected by events or the government's or regulator's decisions, or of other organizations, or due to extraordinary, fortuitous or force majeure cases, they will summon the Contract Committee or the Board of Directors at that moment, to a special meeting, and will present the emergency conditions. If the Contract Committee or the Board of Directors determine that an emergency exists, they will take the appropriate decisions to preserve or restore the normal functioning or continuity of the contract negotiation and / or safeguard the interests of the participants and the normalization, continuity and subsistence of the exchange. The decision will be effective, final and definitive with respect to all the parties involved in the contract.