FINANCIAL PRODUCTS

On-Exchange Repos

A financial transaction secured by marketable securities.

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How On-Exchange Repos work

On the trade date, the Borrower deposits securities as collateral and receives funds from the Lender.

At maturity, the Borrower pays the Lender the amount received plus the agreed interest, and recovers the deposited collateral.

BYMA manages and monitors the level of collateral during the term of the agreement.

Benefits of On-Exchange Repos

  • For the lender: Attractive interest rate on lent funds.
  • For the borrower: Access to short-term funding by leveraging portfolio financial assets as collateral.
  • Short-term: From 1 to 120 business days.
  • Guaranteed by BYMA.
  • Currency options: Available in Argentine Peso (ARS) and US Dollar (USD).

How to trade On-Exchange Repos

  1. Select an authorized local brokerage firm (ALYC).
  2. Open an account with your chosen ALYC.
  3. Fund your account. Transfers from both bank accounts and virtual wallets are allowed.
  4. Place your order with the ALYC, indicating the term and amount for either lending your pesos/dollars or borrowing funds against your collateral.
  5. The ALYC executes the trade on your behalf.
  6. At maturity, the lender receives the principal amount back plus the accrued interest for the term.

Trading Hours: 11:00 a.m. to 5:00 p.m. Argentina local time

For those seeking financing through the market, the Borrower On-Exchange Repo is a common alternative. This instrument offers the possibility of obtaining short-term funding by providing a list of eligible assets as collateral, each with a corresponding haircut.

Borrower On-Exchange Repo

List of eligible assets with their corresponding haircut:

  • Fixed Income instruments: Government Bonds, Treasury Bills, Corporate Bonds.
  • Equity instruments: Local Stocks and CEDEARs.
  • Mutual Funds units.
More information about collaterals and haircut
More information about collaterals and haircut
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Caución en Dólares

Circular N° 3567

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FINANCIAL INSTRUMENTS

Investment alternatives

Conocé las alternativas de inversión que ofrece BYMA

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On-Exchange Repos

Short-term financial transaction collateralized by marketable securities.

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Cauciones

Operación financiera garantizada con valores negociables.

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Contract

Options

Contracts that grant the right to buy or sell a specific quantity of an underlying asset at an exercise price.

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Futures

Standardized contract through which a price is agreed upon for an exchange of a given asset.

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Financial Trust Securities (VDF & CP)

Debt securities (VDF) or equity-like securities (CP) issued by financial trust.

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 Closed-end mutual funds (CEF)

An accessible way to manage and diversify investments.

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Corporate Bonds

Debt securities issued by companies that entitle the holder to repayment of principal and payment of interest.

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Securities Lending

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Government Bonds

Tools used by the State to obtain financing.

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Future-Dated Delivery Trades

Transactions in which buyer and seller agree on a price for an asset.

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Short-term Corporate Bonds

Corporate Bonds issued for a term not exceeding one year.

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CEDEARs

Representan los aportes de capital de los accionistas a la sociedad emisora.

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Choices

They represent the capital contributions of shareholders to the issuing company.

ETFs

Un ETF (Exchange Traded Fund) funciona como un Fondo Común de Inversión, pero cotiza en Bolsa y e compra o ende como una acción.

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Fondos comunes de inversión

Ofrecen una forma accesible de diversificar y gestionar inversiones.

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Public Securities

They represent the capital contributions of shareholders to the issuing company.

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Shares

They represent the capital contributions of shareholders to the issuing company.

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