ARS/USD Exchange Rate Divergence
FX and Currency Derivatives Documentation
EM CASELAW: ARGENTINA - For lawsuits brought against Argentina in the International Financial Architecture/ Debt Restructuring Emerging Markets context, please visit our EM Caselaw area.
NEW DEVELOPMENTS
June 1, 2020
Argentina Exchange Bondholder Group Comment on IMF’s Statement (and Spanish Version).
IMF Staff Technical Statement on Argentina (and Spanish Version).
May 27, 2020
Argentine Exchange Bondholder Group and the Ad Hoc Argentine Bondholder Group Submit Joint Proposal (and Spanish Version).
May 26, 2020
S&P Global Ratings Downgrades Four of Argentina’s Foreign Currency Bonds from CC to D.
Fitch Ratings Downgrades Argentina’s Long-Term Foreign Currency Issuer Default Rating from C to RD.
Revised Argentine Debt Proposal.
May 23, 2020
Argentina Exchange Bondholder Group Comment on IMF’s Statement (and Spanish Version).
Argentina Exchange Bondholder Group Corrects Misstatements and Provides Update Regarding Negotiations (and Spanish Version).
May 22, 2020
Market Practice Recommendation for Trades of Argentina's Foreign Law Bonds.
Statement from Argentine Minister of Economy Martín Guzmán.
Bondholders Object to Argentina’s Latest Default and Acknowledges its Intention to Reach a Consensual Resolution (and Spanish Version).
May 21, 2020
EMTA Webinar: The Economic Outlook for Argentina. Click Here to Register.
May 19, 2020
Key Features of the Ad Hoc Group of Argentina Exchange Bondholders Restructuring Proposal (and Spanish Version).
May 16, 2020
Argentina Exchange Bondholder Group Submits Counterproposal (and Spanish Version).
May 14, 2020
The Steering Committee of the of the Ad Hoc Group of Bondholders Note Exchange Offer Extension for Province of Buenos Aires Bonds and Urge Negotiation (and Spanish Version).
Market Practice Recommendation for Trades of Province of Buenos Aires Bonds.
May 13, 2020
Distinctions between Exchange Bonds and “Macri” Bonds Explained by Argentina Creditor Group (and Spanish Version).
May 8, 2020
Argentina Exchange Bondholders FAQ (and Spanish Version).
May 5, 2020
Bondholders Reconfirm Rejection of Province of Buenos Aires Exchange Offer and Highlight Coercive Strategy (and Spanish Version).
May 4, 2020
Press Release from 3 Argentine Bondholder Groups Rejecting the Exchange Offer (and Spanish Version).
Argentine Exchange Bondholder Group Announces Webinar on May 4 to Apprise Bondholders of Critical Issues Related to the Exchange Offer. Materials Distributed: Bondholders Can Do Better Than Argentina's Unilateral Exchange Offer.
April 27, 2020
Bondholders Reject the Province of Buenos Aires’ Restructuring Proposal (and Spanish Version).
April 23, 2020
Argentina's Ministry of Finance Press Release (in Spanish).
April 20, 2020
Bondholders Reject Argentina's Unilateral Offer and Outline Viable Solution.
April 17, 2020
Terms of Argentine Proposal Subject to Regulatory Approval.
April 9, 2020
Market Practice Recommendation for Trades of Argentina Local Law Bonds.
April 7, 2020
S&P Global Ratings Downgrades Argentina’s Long-Term Foreign Currency Sovereign Credit Rating from CCC- to SD.
April 6, 2020
Fitch Ratings Downgrades Argentina's Long-Term Foreign-Currency Issuer Default Rating from CC to RD.
March 20, 2020
Communication “A” 6942 of the Central Bank of Argentina.
Decree No. 297/2020 of the Government of the Republic of Argentina.
March 17, 2020
Ministry of Economy of the Republic of Argentina Extends Deadline for Disclosure of Security Holder Information.
March 11, 2020
Bondholders Prepared for Negotiations with the Province of Buenos Aires.
March 3, 2020
Ministry of Economy of the Republic of Argentina Requests Disclosure of Security Holder Information.
February 6, 2020
S&P Global Ratings on Province of Buenos Aires Remains Unaffected.
January 21, 2020
Province of Buenos Aires Bondholder Committee Notes Consent Solicitation Challenges.
January 13, 2020
Province of Buenos Aires Bondholder Committee Retains Counsel.
January 6, 2020
EMTA Special Seminar: Argentina's Economic Outlook in New York to be held on February 10, 2020. Click Here to Register.
December 12, 2019
Province of Buenos Aires Bondholders Announce Organization, together with accompanying Principles for Stable Capital Flows and Fair Debt Restructuring.
November 8, 2019
ARS/USD Exchange Rate Divergence - Insufficient notices received.
November 7, 2019
ARS/USD Exchange Rate Divergence - Insufficient notices received.
November 5, 2019
ARS/USD Exchange Rate Divergence - Insufficient notices received.
November 4, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
November 1, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 31, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 30, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 29, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 28, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 25, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 24, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 23, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 22, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 21, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 18, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 17, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 16, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 15, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 11, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 10, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 8, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 7, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 4, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 3, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 2, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
October 1, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
September 30, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
September 27, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
September 26, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
September 25, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
September 24, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
September 23, 2019
EMTA confirms receipt of ARS Exchange Rate Divergence notices. CLICK HERE to view the notices.
September 16, 2019
EMTA Publishes a Supplemental Notice on Argentine Capital Controls and NDF Contracts.
September 6, 2019
EMTA Special Seminar: The Argentine Economic Outlook in New York to be Held on October 7, 2019. Click Here to Register.
September 5, 2019
EMTA Publishes Notice on Argentina's Capital Controls and NDF Contract Implications.
September 4, 2019
EMTA Seminar on the Outlook for Argentina in London to be Held on October 3, 2019. Click Here to Register.
September 2, 2019
Client Memorandum of Estudio O’Farrell Regarding New Argentine Central Bank Foreign Exchange Regulations.
September 1, 2019
Communication “A” 6770 of the Central Bank of Argentina (in Spanish) regarding imposition of certain currency controls.
August 30, 2019
S&P Global Ratings Upgrades Argentina’s Foreign- Currency Sovereign Credit Rating from SD to CCC-.
August 29, 2019
S&P Global Services Downgrades Argentina’s Long-Term Sovereign Credit Rating from B- to SD.
August 16, 2019
S&P Global Ratings Downgrades Argentina’s Long-Term Sovereign Credit Rating from B to B-.
Fitch Ratings Downgrades Argentina’s Long-Term Foreign-Currency Issuer Default Rating from B to CCC.
April 16, 2019
EMTA Forum in Buenos Aires to be Held on May 14, 2019. Click Here to Register.
March 5, 2019
EMTA Special Seminar: Argentina's Economic Outlook to be Held on April 4, 2019. Click Here to Register.
November 28, 2018
Argentina's National Securities Commission Passes Legislation For the Registration of Derivatives Contracts To Facilitate Close-Out Netting (in Spanish).
September 24, 2018
EMTA Special Seminar: Argentina's Outlook to be Held in London on October 23, 2018. Click Here to Register.
May 14, 2018
EMTA Special Seminar - Argentina: Economic Outlook to be Held on June 7, 2018. Click Here to Register.
April 17, 2018
EMTA Forum in Buenos Aires to be Held on May 10, 2018. Click Here to Register.
September 6, 2017
EMTA Special Seminar: Argentina’s Midterm Elections to be Held in London on October 5, 2017. Click Here to Register.
April 4, 2017
S&P Global Ratings Upgrades Argentina’s Long-Term Sovereign Credit Rating on Argentina from B- to B.
March 30, 2017
EMTA Special Seminar: Argentina Economic and Political Outlook in New York on April 26, 2017. Click Here to Register.
March 8, 2017
EMTA Forum in Buenos Aires to be Held on March 21, 2017. Click Here to Register.
May 10, 2016
Fitch Upgrades Argentina's Long-Term Foreign Currency Issuer Default Rating from RD to B.
May 6, 2016
Standard & Poor’s Upgrades Argentina’s Long-Term Foreign Currency Rating from SD to B-.
May 3, 2016
BNY Mellon Notice Regarding Argentina Bond Payment Date of May 5.
April 26, 2016
New Market Practice for Argentine Bonds.
BNY Mellon Notice Regarding Argentina Bond Record Date of April 29.
April 7, 2016
EMTA Forum in Buenos Aires to be Held on April 28, 2016. Click Here to Register.
February 18, 2016
Instructions for Argentine Bondholders to Accept the Settlement Proposal.
February 5, 2016
Statement of Daniel A. Pollack, Special Master In Argentina Debt Litigation.
January 15, 2016
EMTA Special Seminar: A New Argentina?, to be held in New York on February 3, 2016. Click Here to Register.
January 13, 2016
Statement by the Ministry of the Economy of Argentina Regarding a Proposal to Investors.
January 11, 2016
EMTA Special Seminar: A New Argentina?
December 9, 2015
Statement of Daniel A. Pollack, Special Master in Argentina Debt Litigation.
December 7, 2015
EMTA Special Seminar: A New Argentina?, to be held in London on January 11, 2016. Click Here to Register.
October 16, 2015
EMTA Special Seminar: Argentina Elections - What the Future Will Hold.
September 3, 2015
EMTA Special Seminar: Argentina Elections - What The Future Will Hold in New York on October 16, 2015. Click Here to Register.
September 1, 2015
Foreign Sovereign Immunity: Second Circuit Issues New Ruling on Central Bank Immunity Under the Foreign Sovereign
Immunities Act – Sullivan & Cromwell Memorandum.
July 7, 2015
Market Practice for Argentina Local Law Discount and Par Bonds.
June 5, 2015
EMTA Special Seminar: Argentina Update.
May 4, 2015
EMTA Special Seminar: Argentina Update to be Held in London on June 5, 2015. Click Here to Register.
May 1, 2015
EMTA Special Seminar: Argentina Update.
March 16, 2015
EMTA Forum in Buenos Aires to be Held on April 16, 2015. Click Here to Register.
March 13, 2015
EMTA Special Seminar: Argentina Update to be Held in New York on May 1, 2015. Click Here to Register.
February 19, 2015
Statement of Daniel A. Pollack, Special Master in Argentina Debt Litigation.
August 25, 2014
Republic of Argentina Untendered, Defaulted Noteholders Invited to Join Ad Hoc Group.
August 21, 2014
Final ISDA Auction List for Argentine Bond Deliverables. New Auction Date of September 3, 2014.
August 18, 2014
ISDA Receives Challenge to Inclusion of Two JPY Argentine Bonds in Deliverable Obligations; Final Auction List Postponed.
August 13, 2014
ISDA Determinations Committee Decision on Argentina Bonds; Auction Date of August 21, 2014.
August 8, 2014
New Clarification on Market Practice Recommendation for Most Argentina Sovereign Bonds.
August 6, 2014
Argentina Finance Ministry Statement to The Bank of New York.
Argentina Finance Ministry Statement to Citibank (in Spanish).
August 1, 2014
Argentina Finance Ministry Statement (in Spanish).
Clarification on Market Practice Recommendation for Most Argentina Sovereign Bonds.
ISDA Determinations Committee Triggers Failure to Pay Credit Event.
July 31, 2014
Fitch Downgrades Argentina’s Foreign Currency Issuer Default Rating from CC to RD (Restricted Default).
Market Practice Recommendation for Most Argentina Sovereign Bonds.
Non-Members - please contact Aviva Werner (awerner@emta.org) or Jonathan Murno (jmurno@emta.org) for EMTA's Market Practice document.
Moody’s Changes Argentina’s Outlook to Negative.
July 25, 2014
EMTA Special Seminar: Argentina: Way Forward to be Held in Buenos Aires on August 20, 2014. Click Here to Register.
July 2, 2014
Moody's Places Argentina's Caa2 Foreign-Legislation Debt on Review, Direction Uncertain.
June 30, 2014
Argentina Finance Ministry Statement (in Spanish).
June 27, 2014
Griesa Transcript. Additional Legal Documents can be Found in EMTA's Litigation Section.
June 26, 2014
Argentine Economy Minister Kiciloff Statement (in Spanish).
June 24, 2014
EMTA Special Seminar: Argentina: Post U.S. Supreme Court Review to be Held in London on July 9, 2014. Click Here to Register.
Sovereign Pari Passu Clauses: NML Capital 2, Argentina 0 - Clifford Chance Memorandum.
June 18, 2014
Southern District Court Transcript in NML Capital v. Argentina.
June 17, 2014
Standard & Poor's Downgrades Argentina’s Long-Term Foreign Currency Rating from CCC+ to CCC-.
June 16, 2014
Supreme Court Decision in NML Capital, et al v. Argentina (Discovery Case) and Denial of Argentina's Cert Petition.
June 6, 2014
EMTA Issues its Recommended FX and Currency Derivatives Market Practice No. 72 recommending a change effective June 30, 2014 in the Primary Settlement Rate Option for ARS Non-Deliverable FX Forward and Currency Option Transactions.
CLICK HERE for Market Practice No. 72
CLICK HERE for New Template Terms and Related Documentation
CLICK HERE for Information on Amending Outstanding Contracts
EMTA Special Seminar: Argentina: Update on Its Prospects for Supreme Court Review to be Held in NYC on June 19, 2014. Click Here to Register.
May 29, 2014
Paris Club Issues Press Release on Agreement with Argentina to Resume Payments and Clear Arrears.
March 17, 2014
Moody's Downgrades Argentina's Government Bond Rating from B3 to Caa1.
March 11, 2014
EMTA Forum in Buenos Aires to be Held on April 8, 2014. Click Here to Register.
February 28, 2014
EMTA Special Seminar: The Future of Argentina: Through the Looking Glass
January 24, 2014
Ad Hoc Group of Argentine Bondholders Adds Members
January 23, 2014
EMTA Special Seminar: Argentina: Averting the Coming Crisis in NYC
January 16, 2014
EMTA Special Seminar: Argentina: Averting the Coming Crisis to be Held in NYC on January 23, 2014. Click Here to Register.
January 15, 2014
EMTA Special Seminar: The Future of Argentina: Through the Looking Glass to be Held in NYC on February 28, 2014. Click Here to Register.
September 30, 2013
EMTA Special Seminar: Argentina's Prospects for U.S. Supreme Court Review in London
September 16, 2013
EMTA Special Seminar: Argentina and its Prospects for Supreme Court Review in NYC
September 10, 2013
Standard & Poor’s Downgrades Argentina’s Long-Term Foreign Currency Sovereign Credit Rating from B- to CCC+.
September 6, 2013
EMTA Special Seminar: Argentina and Its Prospects for Supreme Court Review to be Held in New York on September 16, 2013. Click Here to Register.
August 23, 2013
Decision by Second Circuit Court of Appeal in NML Capital and Aurelius Capital v. Argentina.
June 24, 2013
Argentina's Petition for Writ of Certiorari to the United States Supreme Court.
May 21, 2013
Results of Poll of Attendees at EMTA’s 6th Annual Forum in Buenos Aires.
April 24, 2013
EMTA Forum in Buenos Aires to be Held on May 21, 2013. Click Here to Register.
April 11, 2013
Standard & Poor’s Reaffirms Argentina’s Long-Term Sovereign Credit Rating of B-.
March 1, 2013
Order of the Second Circuit in NML Capital and Aurelius Capital v. Argentina.
February 28, 2013
Recording of Oral Hearing in Second Circuit Case NML Capital and Aurelius Capital v. Argentina.
February 12, 2013
EMTA Special Seminar: Recent Legal Developments in Argentine Debt in London
February 6, 2013
EMTA Special Seminar: An Overview of Argentine Debt Litigation and Its Market Implications to be Held in Buenos Aires on February 25, 2013. Click Here to Register.
January 17, 2013
EMTA Special Seminar: Recent Legal Developments in Argentine Debt to be Held in London on February 12, 2013. Click Here to Register.
January 7, 2013
EMTA Special Seminar: Recent Legal Developments in Argentine Debt in NYC
December 5, 2012
EMTA Special Seminar: Recent Legal Developments in Argentine Debt to be Held in New York on January 7, 2013. Click Here to Register.
November 28, 2012
Fitch Downgrades Argentina’s Long-Term Foreign Currency Issuer Default Rating from B to CC.
November 26, 2012
For Recent Developments in NML Capital and Aurelius Capital v. Argentina Litigation, Visit EMTA's Litigation Area.
November 14, 2012
Recent Developments in NML Capital and Aurelius Capital v. Argentina Litigation.
November 7, 2012
NML Capital and Aurelius Capital v. Argentina.
October 26, 2012
Market Reaction to the United States Second Circuit Court of Appeals’ Decision Regarding Argentina – Commentary from Bulltick Capital, Goldman Sachs, Scotia Capital and UBS.
NML Capital and Aurelius Capital v. Argentina.
August 20, 2012
EM Ltd. and NML Capital v. Argentina.
July 25, 2012
Litigation Against Argentina - Views by Anna Gelpern (American University) and Felix Salmon.
May 14, 2012
NML Capital and Aurelius Capital v. Argentina – Prof. Mann and EM Ltd. Amicus Brief.
April 25, 2012
NML Capital and Aurelius Capital v. Argentina – Argentina’s Reply Brief.
April 24, 2012
NML Capital and Aurelius Capital v. Argentina – Argentine Law Professors’ Amicus Brief and Professor Dam’s Amicus Brief.
April 18, 2012
EMTA Special Seminar: Argentina and Its Pari Passu Clause
NML Capital and Aurelius Capital v. Argentina – Argentina Brief, NML Brief, Aurelius Brief, Montreaux Partners and Wilton Capital Amicus Brief.
April 13, 2012
EMTA Special Seminar: Argentina and Its Pari Passu Clause (NYC) to be Held on April 18, 2012. Click Here to Register.
April 5, 2012
NML Capital and Aurelius Capital v. Argentina - US Amicus Brief and Clearing House Amicus Brief.
March 28, 2012
EM Ltd. and Aurelius Capital Partners v. Argentina.
March 15, 2012
Esteban Fernández Medrano, of GlobalSource Partners and MacroVision Consulting, S.A., to deliver keynote address at Fifth Annual EMTA Forum in Buenos Aires on April 19, 2012. Click Here to Register.
March 1, 2012
NML Capital v. Argentina (Order and Transcript).
December 7, 2011
NML Capital v. Argentina.
Aurelius Capital Partners v. Argentina.
November 29, 2011
Aurelius Capital Partners v. Argentina
August 5, 2011
Argentina Announces Cancellation of Brady Bond Exchange Offer.
July 21, 2011
Capital Ventures International v. Argentina.
July 8, 2011
NML Capital et al v. Argentina.
NML Capital v. Argentina (UK).
NML Capital and EM Ltd. v. Argentina (Opinion 7/5/11).
June 30, 2011
NML Capital et al v. Argentina
November 5, 2010
EMTA Special Seminar: Argentina: Pros and Cons
October 22, 2010
EMTA Special Seminar: Argentina: Pros and Cons to be Held on November 5, 2010 in NYC. Click Here to Register.
October 13, 2010
Argentine Undersecretary of Finance, Adrián E. Cosentino, Will Deliver a Keynote Address at EMTA’s Fall Forum on October 19, 2010. Sponsored by Bulltick Capital Markets. Click Here to Register.
September 13, 2010 |
Standard & Poor’s Upgrades Argentina’s Foreign Currency from B- to B. |
July 26, 2010 |
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July 19, 2010 |
EM Ltd. and NML Capital v. Argentina: Prof. Hal Scott Amicus Curiae Brief and Various Motions Relating Thereto. |
July 12, 2010 |
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July 1, 2010 |
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June 28, 2010 |
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June 7, 2010 |
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June 4, 2010 |
EM Ltd. and NML Capital v. Argentina (FRBNY Amicus Curiae Brief). |
June 1, 2010 |
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May 28, 2010 |
EM Ltd. and NML Capital v. Argentina: Defendant’s Appellate Brief and Central Bank’s Appellate Brief. |
May 24, 2010 |
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May 21, 2010 |
EMTA Recommends Confirmation Forms for When-And-If-Issued Trading in Argentina’s New Bonds and GDP-Linked Securities: EMTA Memorandum, Confirmations, Bilateral Netting Agreement for Bonds and Bilateral Netting Agreement for GDP-Linked Securities. |
May 12, 2010 |
Argentina Announces Extension of Early Tender Deadline and Change of Schedule. |
April 23, 2010 |
New York State Senate Committee on Banks Hearing on Argentina's Default. Testimonies can be accessed by selecting each panelist’s name below: |
April 15, 2010 |
Argentina Announces Terms of Exchange Offer. Market Reaction from Credit Suisse, Goldman Sachs, HSBC and The Royal Bank of Scotland. |
April 14, 2010 |
Various Bondholders Seek to Enjoin Argentina Exchange Offer. |
April 7, 2010 |
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March 26, 2010 |
Carlos Pagni, Political Columnist, La Nacion and Miguel Broda, Estudio Miguel A.A. Broda to Speak at EMTA’s Third Annual Forum in Buenos Aires, Argentina on April 15, 2010. Click Here to Register. |
March 24, 2010 |
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February 4, 2010 |
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January 14, 2010 |
Plaintiffs’ Motions and Memorandum and Defendant’s Memorandum in EM Ltd. and NML Capital v. Argentina. |
January 13, 2010 |
Attachment Orders for EM Ltd. and NML Capital v. Argentina and Aurelius Capital Partners v. Argentina. |
October 22, 2009 |
Economy Minister Announces Argentina Has Accepted a Proposal to Restructure Untendered Debt. Press Release (in Spanish). Commentary from Credit Suisse. |
October 15, 2009 |
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September 22, 2009 |
Market Responds to Speculation of Argentina Reaching a Deal with Holders of Untendered Bonds. Commentary from Bank of America/Merrill Lynch, Barclays Capital, Bulltick Capital Markets, Credit Suisse, Goldman Sachs and RBS. |
September 9, 2009 |
Argentina's Ministry of Finance Announces Results of Debt Exchange Offer (in Spanish). |
August 19, 2009 |
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July 13, 2009 |
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July 9, 2009 |
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June 12, 2009 |
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June 10, 2009 |
Press Release of Argentine Ministry of Finance Regarding Tender for BODEN 2012 Coupon (in Spanish). |
June 1, 2009 |
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May 21, 2009 |
Congress Introduces Legislation on Argentine Debt and Court Defaults. |
May 13, 2009 |
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April 27, 2009 |
EMTA Forum - Buenos Aires To Be Held on May 13, 2009. Click Here to Register. |
April 8, 2009 |
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March 9, 2009 |
EMTA Special Presentation “Recent and Potential Litigation in EM Area” in NYC (with London video-link hosted by Herbert Smith) on March 9, 2009. |
January 14, 2009 |
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January 9, 2009 |
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December 12, 2008 |
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December 1, 2008 |
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November 5, 2008 |
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October 31, 2008 |
Standard & Poor's Downgrades Argentina's Foreign-Currency Sovereign Rating from B to B-. |
October 30, 2008 |
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September 24, 2008 |
Commentary on Argentina Bond Swap Proposal from Credit Suisse. |
September 22, 2008 |
President Kirchner Confirms that Argentina Considering Proposals to Restructure Outstanding Defaulted Bonds. Commentary from BCP and Credit Suisse. |
August 11, 2008 |
Standard & Poor's Downgrades Argentina's Long-Term Foreign Currency Rating from B+ to B. |
May 30, 2008 |
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May 12, 2008 |
EMTA Forum - Buenos Aires To Be Held on May 30, 2008. Click Here to Register. |
April 21, 2008 |
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April 3, 2008 |
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December 3, 2007 |
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November 7, 2007 |
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October 28, 2007 |
Cristina Fernandez de Kirchner wins Argentine Presidency in First Round, Market reaction from Goldman Sachs, Lehman Brothers and Merrill Lynch. |
October 1, 2007 |
EM Ltd. and NML Capital v. Argentina Supreme Court Writ of Certiorari Denied. |
September 26, 2007 |
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September 10, 2007 |
German Federal Constitutional Court Decision Relating to Argentina. |
July 18, 2007 |
EM Ltd. and NML Capital v. Argentina Brief in Opposition of Petition for Writ of Certiorari. Click Here EM Ltd. and NML Capital v. Argentina Central Bank Brief in Opposition of Petition for Writ of Certiorari. Click Here EM Ltd. and NML Capital v. Argentina Reply Brief in Support of Petition for Writ of Certiorari. Click Here |
June 4, 2007 |
Special Presentation: "The Argentina Precedent: Will Others Follow?" |
May 31, 2007 |
EM Ltd. and NML Capital v. Argentina Petition for Writ of Certiorari. |
May 16, 2007 |
EMTA to Hold a Special Presentation “The Argentina Precedent: Will Others Follow?" in NYC on June 4, 2007. Click Here to Register. |
March 14, 2007 |
EM Ltd. and NML Capital v. Argentina Motion for Notice of Offering. |
February 13, 2007 |
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February 9, 2007 |
EM Ltd. and NML Capital v. Argentina Southern District of New York Transcript. |
February 7, 2007 |
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January 31, 2007 |
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January 24, 2007 |
Petition for Rehearing and Rehearing En Banc in NML Capital v. Argentina. |
January 5, 2007 |
Second Circuit Decision in EM Ltd. and NML Capital v. Argentina. |
November 28, 2006 |
Argentina GDP Warrants Record Date of December 14 (Other Than for YEN Warrants, Which Have a Record Date of December 1) and Payment Date of December 15 Expected. Trades are ‘Ex-Dividend’ on December 12 (Other Than for YEN Warrants Trades, Which Are 'Ex-Dividend' on November 29). Note that Euroclear Changed the Record Date for the Euro-Denominated Warrants (XS0209139244) and the Yen-Denominated Warrants (ARARGE03E675) to November 30, 2006. |
November 8, 2006 |
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October 6, 2006 |
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October 5, 2006 |
EMTA Special Seminar on "Enforcement Under the Foreign Sovereign Immunities Act”: |
October 2, 2006 |
EMTA Forum in Singapore to Be Held on November 1, 2006. Click Here to Register. List of Live Auction and Silent Auction Items for EM Benefit to Be Held in London on October 6, 2006 Now Available. Standard & Poor's Raises Argentina's Long-Term Foreign Currency Rating to B+. |
September 28, 2006 |
Stipulation Order in EM Ltd. and NML Suits Against Argentina. |
September 20, 2006 |
EM Ltd. and NML Capital Suits Against Argentina Previously Under Seal. |
August 9, 2006 |
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August 1, 2006 |
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July 27, 2006 |
World Bank Arbitration Tribunal (ICSID) Decision in Azurix Corp. v. Argentina. Standard & Poor's Upgrades People's Republic of China Long-Term Rating to A. |
July 14, 2006 |
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June 7, 2006 |
EMTA Special Seminar on "'Partial' Sovereign Restructurings and Their Implications”: |
June 5, 2006 |
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March 27, 2006 |
Second Circuit Decision in Capital Ventures International v. Argentina. |
March 23, 2006 |
Standard & Poor's Upgrades Argentina's Long-Term Rating to B. |
March 2, 2006 |
Italian Bondholder Association (TFA) Announces ICSID Proceeding Against Argentina (in Italian). |
February 24, 2006 |
German Court Decision Against Argentina: Press Release (German), Press Release (Unofficial Translation) and Judgment (Unofficial Translation). |
January 19, 2006 |
Greylock v. Province of Mendoza Second Circuit Affirmation of District Court Decision. |
December 13, 2005 |
GMO Emerging Country Debt Investment Fund and GMO Emerging Country Debt Fund v. Argentina. |
November 21, 2005 |
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August 2, 2005 |
Forward Trading in Argentina GDP-Linked Securities: EMTA Memo, Forms of Confirmation and Bilateral Netting Agreement. |
July 19, 2005 |
Fontana v. Argentina and Applestein v. Buenos Aires, Second Circuit Decisions Re: Bondholder Standing to Sue. |
June 10, 2005 |
Argentina's Ministry of Economy Issues Statement on Conclusion of Debt Exchange. |
June 3, 2005 |
Argentina Bonds Credited by Euroclear to Bondholder Accounts; Settlement Date for W/I Trades is June 9. |
June 2, 2005 |
Argentina's Ministry of Economy Issues Statement on Conclusion of Debt Exchange. Primer for Settlement of W/I Trades in Argentina Par and Discount Bonds. |
June 1, 2005 |
Standard & Poor's Upgrades Argentina's Long-Term Issuer Credit Rating to B-. |
May 27, 2005 |
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May 25, 2005 |
EM Ltd. and NML Capital Motion for Recall of Mandate and Stay of Vacatur. |
May 24, 2005 |
District Court Upholds Vacation of Attachment Order and Restraining Notice in Argentina Litigation. |
May 23, 2005 |
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May 13, 2005 |
EM Ltd. and NML Capital v. Argentina Second Circuit Decision. Argentina to Challenge Unfavorable ICSID Ruling in First of Several FDI Investor Suits Brought Before World Bank Tribunal. Commentary from CSFB and Goldman Sachs. |
April 26, 2005 |
EM Ltd. and NML Capital v. Argentina Oral Argument Schedule in Second Circuit. |
April 20, 2005 |
EM Ltd. v. Argentina Reply Brief. NML Capital v. Argentina Reply Brief. Amicus Brief by Argentina Pension Fund on Behalf of Argentina. Amicus Brief by EMCA in Connection with NML Capital v. Argentina Litigation. Holiday Schedule for EM Bond Trades for UK May Day Bank Holiday. |
April 13, 2005 |
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April 7, 2005 |
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April 6, 2005 |
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April 4, 2005 |
Second Circuit Motions Panel Granted the NML and EM Ltd. Motions for an Expedited Appeal in Litigation Against Argentina. Proposed Filing Schedule: Appellants' Brief and Appendix Due on April 6; Appellee's Brief in Opposition Due on April 13; Reply Brief Due on April 20; Appeal Ready for Argument Week of April 25. |
April 1, 2005 |
Certification Orders in NML Capital and EM Ltd. v. Argentina Actions. New Class Action Certifications in Litigation Against Argentina. |
March 31, 2005 |
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March 29, 2005 |
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March 18, 2005 |
Market Practice Recommendations for the Trading and Settlement of Argentina Par and Discount Bonds. |
March 8, 2005 |
Argentina Ministry of Finance Commentary on its Debt Exchange. Revised Recommended Argentina WI Confirmation Forms for ARS Par and Discount Bonds. |
March 3, 2005 |
Revised Recommended Argentina WI Trading Documentation: EMTA Memorandum, WI Confirmation Forms and Bilateral Netting Agreement. |
March 1, 2005 |
Recommended Argentina WI Trading Documentation: EMTA Memorandum, WI Confirmation Forms and Bilateral Netting Agreement. |
February 24, 2005 |
Commentary from JP Morgan on Belgian Legal Reform's Effects on Argentine Debt Restructuring. |
February 16, 2005 |
EMTA Advisory Regarding Trading in Existing Argentina Bonds. |
February 15, 2005 |
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February 10, 2005 |
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January 28, 2005 |
Rabbi Jacob Joseph School v. Province of Mendoza. Plaintiff's and Defendant's Memoranda of Law in Support of their Respective Motions for Leave to Join Additional Defendants. |
January 24, 2005 |
EM Sovereign Bond Chart for Argentina (Prospectus Supplement). |
January 20, 2005 |
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January 13, 2005 |
Market Reacts to the Argentine Debt Restructuring Offer. Commentary from CSFB, Goldman and JP Morgan. |
January 12, 2005 |
EM Sovereign Bond Chart for Argentina (Post-Effective Amendment No. 1). |
January 6, 2005 |
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December 20, 2004 |
Greylock v. Province of Mendoza. Plaintiff's and Defendant's Memoranda of Law in Support of their Respective Motions for Summary Judgment. |
November 24, 2004 |
Transcript of Urban v. Argentina Action. Court Decides on Argentina Prospectus Language. Commentary from CSFB. |
November 23, 2004 |
Transcript of Urban v. Argentina Action. Bank of New York Resigns as Exchange Agent for Argentine Restructuring. Commentary from Citigroup and JP Morgan. |
November 19, 2004 |
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November 18, 2004 |
Court Allows Argentina Restructuring to Proceed. Commentary from Citigroup. |
November 16, 2004 |
Argentina’s Briefs in Response to Urban and Retail Bondholder Suits. |
November 10, 2004 |
GCAB Files Amicus in Support of Motion to Enjoin Argentine Exchange Offer. |
November 8, 2004 |
Retail Bondholder Suits Against Argentina. |
November 2, 2004 |
Memorandum of Law in Urban v. Argentina (Requesting Preliminary Injunction). |
October 21, 2004 |
EM Sovereign Bond Charts for Brazil and Mendoza (a Province of Argentina). |
October 20, 2004 |
Second Legal Action Brought Against Argentine Province of Mendoza. |
October 12, 2004 |
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October 6, 2004 |
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September 30, 2004 |
Legal Action Brought Against Mendoza Province of Argentina. Holiday Schedule for EM Bond Trades for US Columbus Day Holiday. |
September 7, 2004 |
Second Circuit Affirms EM Limited's $700 Million Judgment Against Argentina. |
August 4, 2004 |
Global Committee of Argentina Bondholders (GCAB) White Paper and Press Release Relating to Roadshows in US, Europe and Asia. |
July 15, 2004 |
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July 14, 2004 |
Global Committee of Argentina Bondholders Roadshow in New York -- Presentation and Analyst Comments: |
July 9, 2004 |
Global Committee of Argentina Bondholders Announce July 13-22 Road Show Schedules for US and Europe. Click Here for US Schedule. Click Here for Europe Schedule. |
July 2, 2004 |
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April 1, 2004 |
The Pari Passu Clause -- What is Fair Treatment? (Michael M. Chamberlin). |
March 27, 2004 |
"An Update on Argentina," Presentation Made By Guillermo Nielsen, Secretary of Finance of Argentina at the IADB Meeting in Lima. Click Here for English Version. Click Here for Spanish Version. |
March 24, 2004 |
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March 10, 2004 |
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February 9, 2004 |
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January 30, 2004 |
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January 26, 2004 |
Transcript of Conference on January 15, 2004 Before Judge Griesa Regarding Pari Passu. |
January 15, 2004 |
EMCA Letter States its Views on Pari Passu Question Before Judge Griesa. |
January 13, 2004 |
U.S. Statement of Interest, New York Fed Amicus Curiae Brief, New York Clearing House Amicus Curiae Brief, Plaintiffs' Memorandum of Law and Argentina Memorandum of Law in the Macrotecnic International Corp. and EM Ltd. v. Argentina District Court Case. |
January 6, 2004 |
District Court Decision in Urban v. The Republic of Argentina (Granting Class Action Certification). |
December 4, 2003 |
EMTA’s Annual Meeting Focuses on Argentina.
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December 3, 2003 |
Costa Rica Announces of All Outstanding Series B 6-1/4% Bonds Due 2015. Argentina Bondholders Committee presents Counter Guidelines to Argentina. |
October 1, 2003 |
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September 20, 2003 |
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September 18, 2003 |
District Court Decisions in EM Ltd. v.The Republic of Argentina. |
September 3, 2003 |
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August 18, 2003 |
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June 26, 2003 |
Argentine Ministry of Economy Issues Communiqué to Its Creditors. |
May 15, 2003 |
Press Release Issued by the Argentine Ministry of Economy Regarding Formation of Investor Groups. |
May 1, 2003 |
EMTA, with the Assistance of the Participating Banks, Successfully Launched its Automated Version of the ARS Industry Survey on April 23, 2003. |
February 28, 2003 |
Argentine Ministry of Economy Issues Communiqué to Its Creditors. |
January 31, 2003 |
Citibank, as Fiscal Agent, Requests FRBNY, as Collateral Agent, to Release Interest Collateral on Argentina’s Par Bonds and Discount Bonds. Record Dates of February 26 and Payment Dates of March 5 Expected. |
January 27, 2003 |
Argentina Releases IMF Letter of Intent, including Cover Letter , Memorandum of Economic Policies, Quantitative Performance Targets, and Technical Memo of Understanding. |
January 21, 2003 |
Argentina Bondholders Committee Issues Press Release on Argentina's Agreement with the IMF. |
January 16, 2003 |
Argentina Announces It Has Reached an Agreement with the IMF for a Stand-By Program. |
December 20, 2002 |
Amendments to Annex A Argentine Peso Settlement Rate Options; Adoption of revised EMTA Template Terms for ARS Non- Deliverable FX Transactions; Revision of EMTA ARS Industry Survey Methodology; and Adoption of a new EMTA ARS Indicative Survey Rate Methodology. |
December 2, 2002 |
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August 15, 2002 |
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August 9, 2002 |
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July 29, 2002 |
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July 11, 2002 |
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June 28, 2002 |
Primer on Interest Collateral for Argentina's USD Par and Discount Bonds. |
June 10, 2002 |
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May 3, 2002 |
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April 23, 2002 |
New ARS Market Practice and Template Terms for a 30-Day Deferral Period. |
April 10, 2002 |
Letter to the Republic of Argentina's Bondholders from Finance Secretary Lisandro Barry. |
April 5, 2002 |
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March 8, 2002 |
The Slide Presentation Made by Paris Club Officials at a Meeting with Private Sector Representatives Is Available at http://www.clubdeparis.org/rep_upload/presentationcomplete0.pdf. |
March 5, 2002 |
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February 11, 2002 |
NDF Market Practice for Argentina NDF Contracts - Members Only can View this NDF Market Practice by Clicking Here. EMTA Announces 2001 Annual EM Debt Trading Volume Stood at $3.5 Trillion. |
January 11, 2002 |
CME/EMTA ARS Industry Survey Rate is Available in the Activities & Services, Market Data, CME/EMTA ARS Industry Survey Rate Area. NDF Market Practice for Settlement of Outstanding Argentine NDF Contracts - Members Only can View this NDF Market Practice by Clicking Here. |
January 9, 2002 |
Market Practice Relating to Argentina 2018 and 2031 Bonds - Members Only can View this Market Practice by Clicking Here. NDF Market Practice for Argentina NDF Contracts - Members Only can View this NDF Market Practice by Clicking Here. |
January 2, 2002 |
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December 31, 2001 |
New NDF Market Practice for Deferral of December 21, 2001 Valuation Date to January 2, 2002. |
December 24, 2001 |
EMTA Recommends Trades of Argentina's Brady Bonds and Sovereign Eurobonds Should Be 'Flat.' |
December 21, 2001 |
Unscheduled Holiday Declared by Argentina - Members Only can View NDF Market Practices Relating to this Event by Clicking Here. |
December 20, 2001 |
For Questions Regarding Argentine Income Payments Relating to Bonds Held at Euroclear, Please Contact Euroclear Client Support in Brussels at + (32) 2224-2810, Euroclear's New York Representative Office at +1 (646)835-5400 or your Euroclear Account Manager. CME/EMTA ARS Industry Survey Rate is Available in the Activities & Services, Market Data, CME/EMTA ARS Industry Survey Area. Request for ARS Industry Survey was Made to CME Today at 9:02 a.m. (NYC time). |
December 3, 2001 |
Argentine Economy Minister Cavallo's Speech to Argentine Bondholders. |
November 20, 2001 |
Argentine Economy Minister Cavallo Issues Letter to Holders of Argentine Bonds. |
July 13, 2001 |
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July 10, 2001 |
Argentine Peso NDF Market Practice, Template Terms and ARS Methodology are now final and effective. |
June 21, 2001 |
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June 14, 2001 |
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May 30, 2001 |
Argentina Exchange Offer. For a Copy of the Clearstream Notice, click here. For Clearstream Contact Information, click here. For a Copy of the Euroclear DACE Notice related to Non-Local Bonds, click here. |
May 25, 2001 |
Argentina Exchange Offer. For a Copy of the Euroclear DACE Notice, click here. For Contact Information, click here. |
April 27, 2001 |
Analysts Highlight Developments in Argentina at EMTA Spring Forum. Drafts of the ARS NDF Template Terms and CME/EMTA ARS Methodology Summary are now available. (The procedures for requesting the ARS Methodology and conducting the ARS Industry Survey are also provisionally in place.) Members only may access these documents in Standard Documentation, FX/Derivatives Index. |
February 1, 2001 |
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March 18, 1999 |
Market Practice for the trading and settlement of Argentina 12.125% Bonds. |
September 27, 1996 |
Market Practice for trades of Brady bonds with related Rights or Warrants. |
March 26, 1993 |
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February, 1993 |
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September, 1992 |
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July 16, 1992 |
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June 17, 1992 |
Market Practices for treatment of interest on interest for Argentina medium-term debt. |