Caja de Valores once again reduces costs for investors

Commission fees for Government Securities will decrease by 25% as from March 1, 2018.

The Board of Directors of CVSA, Caja de Valores, resolved to apply a new bonus on commissions on credits corresponding to income from Government Securities issued by the National Government.

The bonus to be applied on settlements made as from March 1st of the current year will be 25% of the usual fee, i.e. the Commission will go from 0.10% to 0.075%, calculated on the amounts settled.

This bonus is added to those executed in September 2016 and January 2017, totaling a reduction of 80% in 18 months. A decision that ratifies Caja de Valores' policy of accompanying market growth.

Alejandro Berney, CEO of Caja de Valores since 2014, expressed his opinion in this regard: - "Reducing costs is synonymous with expanding investment possibilities for Argentines. We work so that savers receive the maximum result generated by their efforts channeled through their investment."

Capital amortizations, whether partial payments or final redemption, are exempt from commissions on credits.

"This is proud news for the market as a whole. CVSA's assets under custody have grown in the last year thanks to new public and private issuances that were favorably received by local and international investors. In one year we have achieved a higher level of development than projected, with a 10% growth of principal accounts, and we are confident that this will be maintained at similar rates in the near future," concluded Berney.