In the midst of the uncertainty that the Argentine economy is going through in recent weeks, this Monday another factor was added to the moved local financial panorama. In a statement sent by BYMA, the market was informed that the negotiation of checks endorsed by Interavales SGR was interrupted after having detected “obvious signs” that the collection of these instruments “is delayed or affected”. On Tuesday, he made the same decision with the checks endorsed by SGR interguarantees. This motivated the Fund Schroeders inform through the CNV that it had decided, due to the “principle of prudence” provide for a loss of 75% of the value of the checks in their possession guaranteed by the two SGRs, both owned by the same owner, a well-known local market man. Due, SME FCIs reduced their holdings by about $3.3 billion on Mondayaccording to market data to which Ámbito had access.
Source: Ambito

David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.