From Monday, May 27, 2024, the settlement of normal cash operations will take two days or 48 hours. (T+2) one day or 24 hours. (T+1). The novelty is in line with the measure that the US and Canadian stock exchanges will implement starting in May.
In line with the most evolved markets in the world, BYMA announced the reduction of the settlement cycle to one day or 24 hours. (T+1) for normal cash transactions (stocks and bonds). For their part, the Immediate spot operations T+0 will continue to be carried out in BYMA without modifications.
The measure, which It is subject to the approval of the National Securities Commission (CNV), aims to come into force in the local market starting Monday, May 27, 2024, to promote frictionless arbitration with other markets in the world. Starting in May, the US and Canadian Stock Exchanges will implement the same definition.
Until now, The settlement cycle for normal cash operations was T+2, that is, two days or 48 hours, not only in Argentina but internationally.
The novelty focuses on innovation for the local market, since BYMA aligns itself with the practices of the most evolved markets in the world.
In turn, with this BYMA implementation counterparty risk is reduced of normal cash operations, thus increasing the security of Capital Market participants.
In this regard, the CEO of BYMA, Gonzalo Pascual Merloexpressed: “At BYMA we work with a clear focus: to enhance the conditions of the Capital Market and constantly generate new opportunities based on innovation. The implementation of this measure brings clear benefits for the entire ecosystem: Settlement and Clearing Agents, investors and other participants.”
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
