The Argentine National Securities and Exchange Commission flexibilizes bond transactions with settlement in foreign currency

Thus, the Resolution provides that:

1. Parking is unified in 1 business day for foreign currency sales transactions, therefore, there would no longer be a distinction to obtain MEP or CCL U.S. Dollars.
2. Restrictions between foreign currency operations (AL/GD) are eliminated, i.e., there is no distinction between the law of issue of the asset (local and foreign).
3. The cap of 100,000 sovereign marketable securities for sale in the PPT segment per calendar week is eliminated.
4. The sale of AL/GD securities shall not limit the purchase or sale of other assets (CEDEARS, Bills, ON) in foreign currency in any term.

It is important to note that the rest of the limitations remain in place, such as the prohibition to sell in foreign currency if financing is available, the 90-day restriction for transactions between MULC and local law assets and the 180-day restriction for transactions between MULC and foreign law assets, among others.