THE National Value Commission (CNV) restrictions eased to access the dollar counted with liquidation (CCL) to the person who had acquired it Bopreal, the bonds issued by the Central Bank to cancel debt with importers. Try to make it easier to pay suppliers with finance dollars.
The general resolution 995, which is out published this Thursday in the Official Journal, eliminates the limitations imposed on importers who had purchased Bopreal to purchase CCL.
From 1 April importers will be able to operate with CCL without having to keep the securities in your portfolio for a day (parking). Also they will be exempt from the limits and the mandatory prior information regime both to transfer the bonds abroad and to arrange for their sale with settlement in dollars abroad.
This operation without obstacles can be performed up to an amount equal to the difference between the overall nominal value subscribed in the primary tender of Bopreal and the parity at which it shares.
The aim of this measure is that importers can settle via cash with liquids without restrictions difference that is generated between the value of the debt with one’s suppliers and the foreign exchange they obtain when they sell Bopreal in the market.
Today, Bopreal is trading at less than its face value. Thus, if the importer sells the bond, he will be able to acquire the remaining dollars to pay off his debt without the obstacles that the cash purchase had with liquids.
The president of the CNV, Roberto Silvaunderlined in a note that “with this resolution we arrive at granting the same conditions to CCL operations complementary to the sale of Bopreal, in such a way as to be able to pay foreign suppliers all their credit and in this way facilitate the operation.”
In this regard, Agents are required to verify compliance with the conditions established before managing any of the aforementioned operations, keeping the supporting documentation in the respective customer archives.
Source: Clarin
