General Resolution 988 of the National Securities Commission (CNV) refers to the parking periods for the settlement of bonds used for the purchase of financial dollars.
The National Securities Commission (CNV) It does not yet have new authorities within the framework of the new government, but this Wednesday it issued a general resolution (RG 988) referred to for the liquidation of bonds used for the purchase of financial dollars and seeks to make extraordinary and temporary measures that had been taken to control the exchange tension in recent months more flexible.
Thus, what was resolved is to apply a series of modifications, which consist of the unification of current stay periods (parking) for all assets, which will be set in one business day between the purchase in pesos and the sale in dollars.
On the other hand, the norm rolls back the ban on selling sovereign bonds (AL and GD) with settlement in dollars for more than 100 thousand weekly nominal values.
And also reverses the prohibition of applying the dollars obtained for the sale of sovereign bonds in other instruments for 30 days at the same time that it reverses the obligation that the settlement and clearing agents (ALyCs) had to present a weekly sworn declaration with all the operations arranged in foreign markets.
Note in progress.-
Source: Ambito
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