The National Securities Commission, by Resolution No. 988 of December 13, 2023, unified the holding period (parking) to 1 (one) day for the settlement of bonds used for the purchase of financial dollars.
The one-day period applies to the operations of selling Negotiable Securities in foreign currency in any jurisdiction and under any law of issuance; and does not apply to purchases of Negotiable Securities with settlement in foreign currency and in any jurisdiction. ALYC (Argentine Securities Brokers) will not be able to process or settle sales operations of negotiable securities in foreign currency, both in local or foreign jurisdiction, if the ordering party maintains a taking position in collaterals and/or repos, regardless of the settlement currency, nor will they be able to provide financing for these operations.
The one-day period also applies to receiving transfers.
It also eliminates:
(i) the Informative Regime on foreign operations;
(ii) the daily operation limit of 100,000 nominal weekly;
(iii) the affidavit that RG required.