U.S. Federal appeals court has frozen $105mn in Argentine FX reserves held in NY at the U.S. Federal reserve at the request of external debt swap holdouts (hedge funds EM Ltd., NML Capital).


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Abgeschickt von rolf am 27 Januar, 2006 um 08:51:25

• Local Argentine newspaper Ambito Financiero reported Thursday that a U.S. Federal appeals court has frozen
$105mn in Argentine FX reserves held in NY at the U.S. Federal reserve at the request of external debt swap
holdouts (hedge funds EM Ltd., NML Capital). The $105mn in frozen FX reserves was originally intended for transfer
to the IMF as part of the government’s overall $9.6bn IMF debt pay down. The article suggested that EM Ltd. and
NML Capital will continue to attempt to attach a claim on Argentina’s assets abroad via the courts.


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