Minimum capital for exchange houses and agencies

Friday, December 27, 2019

Exchange houses and agencies must maintain a minimum patrimonial liability of 10 million pesos and 5 million, respectively, according to a provision of the Board of Directors of the BCRA.

The Board of Directors of the Central Bank of the Argentine Republic provided, through Communication A6850, that exchange houses and agencies must maintain a minimum computable patrimonial responsibility – defined as net worth minus contributions pending integration – of 10 million pesos in the case of exchange houses, and 5 million in the case of agencies.

In turn, exchange houses and agencies must provide a guarantee of not less than 10% of the capital requirement that corresponds to them.

Failure to comply with the minimum capital or the guarantee will result in the suspension of the authorization to operate for 60 calendar days.

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