Topic: Treasury

Subject: Argentina
Bob SuPopin
Member: 2013
Posts:2
Submitted on 10-10-13 10:14 pm
Message:
We are an international company about to enter a contract in Argentina, to be paid in peso based on the FX rate on the day of payment for a fixed USD equivalent. Worry about the FX risk and repatriation risk. Any advice would be appreciated on how to mitigate those risk in Argentina.
 
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Replies
Bruce Lynn
Member: 1998
Posts: 68

Subject: Re:Argentina

Submitted on 10-22-13 10:30 am.
Message:
Bob

Be glad to have you talk with some FENG members in Argentina

Do you want to give me a call?

Bruce
203-655-4806
 
Bob SuPopin
Member: 2013
Posts: 2

Subject: Re:Argentina

Submitted on 10-22-13 10:59 pm.
Message:
We had a few conference call with Citibank Argentina. And, visited with Argentina's central bank but they said the problem is more with their tax authority and they would communicate.
But the situation doesn't look pretty from Citibank's eyes. What is your friends view?
 
Bruce Lynn
Member: 1998
Posts: 68

Subject: Re:Argentina

Submitted on 10-24-13 1:41 am.
Message:
Bob

Best if we spoke directly to better understand who owns contract, value of contract, time periods involved and ultimate "end game" when it comes to repatriating all / some / none (?) of the profits.

Given inflation a rate of exchange fixed now doesn't sound best. Do you have choices here?. Then there are tax consequences if funds come to US (?)

Sounds like an FENG member who is also a tax lawyer would need to be consulted???
 
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