The
National Securities Commission
(CNV)
relaxed the restrictions
to access the dollar counted with settlement (CCL) for those who had acquired
Bopreal,
the bonds issued by the Central Bank to cancel the debt with importers. Seeks to facilitate payment to suppliers with financial dollars.
General resolution 995, which was
published this Thursday in the Official Gazette,
lifts the limitations that importers who had purchased Bopreal had to purchase CCL.
Starting April 1, importers will be able to operate CCL
without having to keep the bonds in their portfolio for one day (parking).
They will also
be exempt from the limits and the mandatory prior information regime
both to transfer the bonds abroad and to arrange their sale with settlement in dollars abroad.
This unhindered operation may be carried out for up to
a magnitude equal to the difference between the total nominal value subscribed in Bopreal's primary tender
and the parity at which it is quoted.
The objective of this measure is for importers to be able to settle in cash with cash without restrictions the
difference that is generated between the value of the debt with their suppliers and the foreign exchange they obtain
when they sell Bopreal on the market.
Today, Bopreal trades at less than its face value. So, 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 with liquid had.
The president of the CNV,
Roberto Silva
, highlighted in a statement that, “with this resolution, we come to grant the same conditions to CCL's operations complementary to the sale of Bopreal, in such a way as to be able to pay foreign suppliers the of your credit and thus facilitate the operation.”
In this regard, Agents must verify compliance with the established conditions prior to managing any of the aforementioned operations, keeping the supporting documentation in the clients' respective files.
NE