An initial limit of $ 6 billion was set, expandable to $ 12 billion if certain coverage conditions with higher margins are met.
Through a statement, Argentine bags and markets (Byma) ordered to extend the limits and conditions to operate in the dollar’s futures contracts. For the BCRA, An initial limit of 6 million contracts was set, expandable to 12 million if the margins scheme allows.
Thus, among the key points of the regulations, it is established that the maximum agent per agent is up to 100,000 contracts or 30% of Open Interest, which is lower and that the initial margin per contract is $ 132,800, with a monthly adjustment factor of 0.05.
In the case of the Central Bank, An initial limit of 6 million contracts was set, expandable to 12 million if certain coverage conditions with higher margins are met.
Byma also announced that the right to modify quotas is reserved, demand additional guarantees or close positions if it considers it necessary.
This information was replicated by Banza, which explained: “Byma authorizes the BCRA to expand a $ 6BN futures position at $ 12bn. We estimate the current short position at $ 7BN between both markets.”
Source: Ambito
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