Buenos Aires, December 9 (NA) -- The National Superintendence of Insurance (SSN) authorized insurance and reinsurance companies to carry out stock market guarantee operations in foreign currency using public securities from their own portfolio, as reported by the Argentine News Agency.
Resolution 668/2025 allows these instruments to be used as collateral in the capital market, but stipulates that the proceeds from these operations may only be allocated to the primary subscription of sovereign bonds in foreign currency issued by the National State.
The agency determined that the total amount allocated for these guarantees may not exceed 20% of the value of the eligible public securities portfolio of each entity, with the aim of limiting risk and ensuring that the bulk of the investments continues to back commitments to policyholders.
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The sovereign bonds subscribed with these funds will be counted towards minimum capital requirements and the coverage of commitments required by Article 35 of Law 20.091, thereby reinforcing the regulatory solvency of the insurance system.
The SSN also ordered companies to identify in the notes to the financial statements the securities used for stock market guarantees and the associated liability, in detail with regard to type, nominal value, and conditions, to improve transparency regarding exposure in this type of operation, according to the norm signed by Superintendent Guillermo Plate.
