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Bank of America Merrill Lynch has launched a new service designed to reduce counterparty risk and improve efficiency for companies operating in Mexico. The Cuenta Controlada (controlled account) service regulates the exchange of cash—in either pesos or U.S. dollars—among multiple parties based on agreed-upon contractual provisions. Bank of America Merrill Lynch serves as an independent third-party in the transactions, in which role it receives, holds, and disburses the funds.

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