Buying to sell ADRs

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Bapuntocom

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Does anyone have any experience with this? I'm argentine and would love some guidance. Does it in fact get the money out of argentina?
 
"Blue-chip swap"
Become a "registered owner" of an Argentine ADR stock. Buy in Buenos Aires with pesos cash out BNY Mellon. Will need agent/broker to coordinate.
 
Yes, it does. You buy an Argentine ADR here in Argentina and at the same time you sell short in the USA. Then you transfer the Argentine shares to the USA to cover the short.

It will get your cash out of Argentina but this is the most expensive way to move money abroad.
 
el_expatriado said:
Yes, it does. You buy an Argentine ADR here in Argentina and at the same time you sell short in the USA. Then you transfer the Argentine shares to the USA to cover the short.

It will get your cash out of Argentina but this is the most expensive way to move money abroad.
Click to expand...

I do the inverse to end up with more $ here :)
 
Bapuntocom said:
Does anyone have any experience with this? I'm argentine and would love some guidance. Does it in fact get the money out of argentina?
Click to expand...
A simpler option you may wish to consider if you are willing to ride this economic insanity out and do not have access to a foreign bank. Invest in an AR fund with holdings on the NASDAQ/NYSE.*At the very least, keep up with exchange rates: http://www.bloomberg.com/quote/ROBACAR:AR
Has returned 50% YTD and a 12 month return of 75%. Administered by HSBC.

Feel your pain, Good Luck
 
As mentioned by others, it's the most expensive way to buy dollars with pesos. If you really must do it this way, but Intel or IBM cedears as there is more liquidity so vast sums can be transferred without moving the market.

Cedears are the Argentine Adr, where foreign companies are traded in pesos on the local exchange.
 
I just need to do a short sell. It's actually so that i can pay someone money they are owed and that person lives in the US and isn't argentine. Would this be suspicious?
 
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