Rulo, mash and MEP: the financial tricks that are reborn with the blue dollar

The
stocks It is an artifact designed to immobilize something or hold it. It was the denomination chosen for the
change control of Kirchnerism, from 2011 to 2015. In the 2019 version we talk about "
exchange restrictions ", because the margins are wider. It is the term used by the Government to refer to the
limitations on the purchase of dollars.

Since last Sunday, words that had not been heard since December 16, 2015, the last day of the cepo born in Kirchnerism, were heard again. These are some of the terms to know so as not to get lost in contemporary conversations about
finance, which also show tricks – some legal and others at the limit – that are used by those who are accustomed to making a difference in their favor from financial turbulence.

MEP dollar

"MEP" is the acronym for "electronic payment market." It is also known as "dollar bag", and is the tool that allows you to exchange pesos for "argendólares". A bond is purchased in pesos, converted to the same bond in dollars (for example, the Bonar 2024 allows this operation) and sold in dollars. The dollars reach an account in Argentina.

Counted with clearance

"CCL" or "counted with liqui" are the other two ways to call the dollar "counted with liquidation". This tool allows you to exchange pesos for dollars, but abroad. For that, an individual or a company buys in pesos shares or bonds that are listed in Argentina and in another international market, such as, for example, the Argentine ADR (shares) on Wall Street. These assets are then transferred to an account abroad and sold in exchange for dollars.

It is a tool that is especially useful for companies. "In scenarios in which companies cannot buy dollars to treasure, or if they must bring dollars from abroad they do so at an official exchange rate (Single Exchange-Free Market), there is the possibility of operating the purchase sale of dollars through of bonds, "explained from the ALyC Criteria.
These are the steps to follow to make an operation with MEP dollars or counted with liquidation, according to Criteria:

1. Turn weights from home banking to a client account
2. Buy Argentine bonds to pay in pesos on the same day, such as Bonar 24
3. Sell ​​at that time the same amount of titles you bought in the same term, but against dollars. If it is made against the MEP dollar, "argendólares" are received. If they are sold abroad, "cable dollars" are received.
4. Those dollars generated can be returned to the home banking account if necessary

Roller

It is a financial operation to "earn" a difference in the exchange of currencies, due to the gap that is generated between the different exchange rates. For example, according to Rava's latest data, the official dollar is trading at $ 57; the MEP, at $ 59.75 (4.8% more expensive) and the CCL, at $ 60.62 (6.3% more expensive).

Generally, the official dollar is acquired through home banking, bonds with those currencies are acquired and then sold at the "MEP dollar" price.
These are the steps to make a "curl":

1. Buy dollar at home banking
2. Acquire dollar bonds
3. Sell ​​them, but at a price "MEP"

Mashed potatoes

It is said that it is a term that was born in the 2001 crisis due to the mix of operations that took place in the City. It is the action of buying dollars in the official market and selling them in the informal market – pay more for the same good – to make a difference in pesos.
At the end of the exchange rate of Kirchnerism, the difference in price between the official dollar and the blue dollar became 66%. How "big" the business is will depend on the spread generated between the two exchange rates. It is a usual operation, but it is illegal.

Dolar blue

Are the
foreign exchange that are obtained in the informal market. Buying this dollar is an illegal operation. They are obtained through "caves" and "arbolitos", their "promoters" on public roads.

Argendólar

This is informally known to
Dollars which are subject to the regulations and restrictions of the local territory.

Dollar cable

It is the "offshore dollar", that is, the currencies that are in an account abroad.

Client account

It is an account that allows you to exchange titles and shares. It is the vehicle necessary for an investor to operate in the stock market. To open these types of accounts, people must approach a settlement and clearing agent (ALyC).

ALyC

It is the acronym to refer to liquidation and clearing agents or brokers, as they were previously known. Although cash transactions "with liqui" or MEP can be carried out individually (especially those with a sophisticated level of knowledge about finances), the intervention of an organization of this type is recommended to open a client account.