¿Cómo transferir dinero dentro y fuera del país de manera legal?
www.lanacion.com.ar
Quite interesting article pointed at nationals, although extranjeros get a mention, on transferring money.
In addition there's an easy explanation of the CCL, which has eluded me since forever.
Contado con Liquidación / CCL: Known as "counted with liqui", it is a sale of bonds or stocks. A stock or bond of the debt that is also listed in New York is bought on the local Stock Exchange and the asset is transferred to the United States to sell it in that market, collect the dollars and deposit them in an account in a bank in that country. In return, an investor with an account in the United States must convert the same amount of shares or bonds that are listed there in their reflection on the Buenos Aires Stock Exchange. The exchange rate resulting from this operation (at how many dollars the equivalent of a share or local bond trades on Wall Street) determines the Cash with Settlement. For example, if a share operates at 294 pesos in the local market and abroad its equivalent is sold for 2 dollars, the implicit exchange rate (Cash with Settlement) is 147 pesos. Beyond the price, this operation carries a clear risk: in the middle of the asset transfer process, its price can go down and generate a loss for whoever used it to transfer money. The opposite would happen if the price rises, something that is not happening so frequently in our country.
¿Cómo transferir dinero dentro y fuera del país de manera legal?
¿Cómo transferir dinero dentro y fuera del país de manera legal?
www.lanacion.com.ar
In addition there's an easy explanation of the CCL, which has eluded me since forever.
Contado con Liquidación / CCL: Known as "counted with liqui", it is a sale of bonds or stocks. A stock or bond of the debt that is also listed in New York is bought on the local Stock Exchange and the asset is transferred to the United States to sell it in that market, collect the dollars and deposit them in an account in a bank in that country. In return, an investor with an account in the United States must convert the same amount of shares or bonds that are listed there in their reflection on the Buenos Aires Stock Exchange. The exchange rate resulting from this operation (at how many dollars the equivalent of a share or local bond trades on Wall Street) determines the Cash with Settlement. For example, if a share operates at 294 pesos in the local market and abroad its equivalent is sold for 2 dollars, the implicit exchange rate (Cash with Settlement) is 147 pesos. Beyond the price, this operation carries a clear risk: in the middle of the asset transfer process, its price can go down and generate a loss for whoever used it to transfer money. The opposite would happen if the price rises, something that is not happening so frequently in our country.
