FINANCIAL PRODUCTS

Fixed Income

Understand Fixed Income instruments and explore their potential for investment and financing.

What are Fixed Income instruments?

Fixed Income instruments are debt issuances made by public or private entities in order to raise capital. The terms and conditions of these issuances are predetermined based on the entities' specific financing needs and repayment capabilities.

Fixed Income Product Classification

Issuer

Both the public sector (governments) and the private sector (companies) may issue Fixed Income instruments.

Currency of issue

Fixed income instruments can be issued with payments and principal denominated in different currencies, including pesos and dollars

Maturity

The issuances can have varying maturities, including monthly, annual, and other periods.

Legislation

Fixed income instruments are issued under specific legislation, which determines who will intervene in the event of default. This jurisdiction may be a local or foreign court, as stipulated in the issue.

Advantages of investing in Fixed Income instruments

monitoring

Profitability

High degree of certainty in terms of profitability and lower volatility.

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Payment Flow

The terms in which the principal will be recovered and interest will be paid are known in advance.

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Liquidity

Possibility to sell the instrument on the secondary market before expiration.

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Currencies

They may have their currency of issue, settlement and payment in pesos or dollars.

Differences with Variable Income

FIXED INCOME

EQUITY

Yield

Performance depends on pre-agreed payments.

The return depends on the change in the price of the asset and on the dividends paid.

Payments

Payments and payment dates are known.

The change in assets is uncertain and dividends are dependent on the company's earnings.

Risk

Lower risk.

Higher risk.

FINANCIAL INSTRUMENTS

Fixed Income Instruments

Learn more about the investment alternatives offered by BYMA

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Corporate Bonds

These are debt securities issued by companies that promise to repay principal and pay interest.

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Government bonds

Tools used by governments to obtain financing.

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How to buy a Fixed Income product?

In order to trade, you need to open an investor account with a BYMA Member (ALYC).

See list of ALYCs

Choose the instrument you want to trade.

You need to submit a buy order, choosing the settlement cycle (Immediate Cash settlement or 24 hours), price and quantity.

If someone sells the instrument in the same condition you are looking to buy it, you will be able to complete the trade.

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Fixed Income and On-Exchange Repos

Learn about the main characteristics of on-exchange Repos and fixed-income instruments: the products with the highest market volume.

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