PRACTICAL COMMENTARY CONCERNING TRADING, CLEARING, AND CUSTODY IN THE AMERICAS

TABLE 5.2 South American

Table 5-5

Table 5-6

Brazil is a registered market and requires CVM and BOVESPA identification/registration numbers to trade.

Argentina currency (peso) is not fully convertible and it is difficult to repatriate cap gains/commissions out of country.

TABLE 5.3 North America

Table 5-7

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