Argentina invents something unique in the world!
The form of financing through the Stock Exchange trading on the paychecks deferred is a creation of Argentina which emerged in the crisis of 2001 and it is unique in the world.
"Globally it does not exist, is something that only operates in Argentina, and we saw at a meeting of the Inter-American Federation of Stock Exchanges in which we participated," said the director of the Argentine Institute of Capital Market (BFMI), Monica Erpen. "Nowhere surges this type of instrument, because it is not a negotiable value, but is authorized to be quoted on the stock exchange," he explained .. It was further considered that it "is a typical element emerged from the crisis of 2001-2002 in Argentina, as the "patacón" but much more successfully."
Checks in deferred payments allow speedy access to capital to entrepreneurs through a discount rate to the value of the check. This system was to be quoted on the stock exchange regulated by the government of former president Néstor Kirchner from 2003, and since then was a "key tool" to help SMEs to finance, especially working capital.