How and who can buy “cash with settlement” dollar or CCL

How and who can buy “cash with settlement” dollar or CCL

December 6, 2023 – 12:46

Like the MEP dollar (also known as the stock market dollar), securities or shares are purchased in pesos within the local market, but with the difference that these are quoted abroad in dollars.

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He CCL dollar either “counted with liquid” It is one of the many types of dollar that exist in our country. The operation of the dollar counted with liquid It is based on the purchase and sale of shares or debt securities in pesos that are listed in the country and in another international market.

Same as him MEP dollar (also know as dollar bag), securities or shares are purchased in pesos within the local market, but with the difference that these are quoted abroad in dollars.

Once the necessary hours of the parking period have passed, usually between 24 or 72 hours depending on the asset, the saver asks the local bank or some other financial entity to transfer the title to a bank account held abroad.

Dollar – CCL

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Once the transfer is made, the person who purchased the title can sell it in the foreign market and receive in exchange a deposit in dollars for the transaction.

Who can buy CCL dollar?

People who want to buy CCL dollar must have:

  • A dollar account opened in a bank in Argentina
  • A dollar account opened in a foreign bank
  • A client account created in a broker that allows access to foreign titles in pesos

In conclusion, the CCL dollar is a variant that Argentines can access to fund dollar accounts abroad.

Its access is through bonds purchased in pesos whose sale translates into dollars, but unlike the MEP, these are deposited in an account abroad. Therefore, it is the type most used by companies.

How to buy cash dollar with liquid

For buy cash dollar with liquidation We must follow a series of steps:

  • Step 1: we must have a principal account in the country and another in the foreign.
  • Step 2: we proceed to deposit the funds into our client account in Argentina to later proceed with the purchase of dollars.
  • Step 3: with the funds we acquire some asset such as bonds or stocks that listed both in Argentina and abroad.
  • Step 4: we ask the broker or bank to transfer said asset to our account abroad.
  • Step 5: once we have the funds abroad, We proceed to sell it and we will obtain dollars for said transaction. The price that arises from the division of the pesos paid by the asset divided by the dollars that we obtained, gives us a implicit exchange rate.

Source: Ambito

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