In brief

The Paraguayan side of Itaipu held about US$ 182 million at Ueno Bank.

The Brazilian side had no funds there.

What we know

04
  1. Verified fact · material

    The Paraguayan side of Itaipu held about US$ 182 million at Ueno Bank until November 3, with US$ 163.8 million in dollars and the rest in guaranis.

    Exposure.

    Sources[01][02]
  2. Verified fact · material

    According to an Itaipu note, the Brazilian side had no funds at Ueno Bank.

    Brazilian side.

    Sources[01][02]
  3. Verified fact

    According to InfoMoney, Itaipu Paraguayan management went to Paraguay public prosecutors to recover the funds.

    Recovery.

    Sources[01]
  4. Verified fact

    According to CNN Brasil, the amount equals 7.6% of more than US$ 2.4 billion the binational holds in Paraguay.

    Share.

    Sources[02]

Transmission to assets

Market read-through

The case exposes the binational cash management, with no reported direct effect on the Brazilian side.

Portfolio impact

01
Tarifa de Itaipuuncertain

Potential binational loss.

Funds recovered.

What would change the view: Funds lost.

sector5% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

What to watch

  • Fund recovery
  • Paraguay probe

Limits of the reporting

What remains uncertain

  • Sources differ on which Paraguayan body was approached.

Full sources

02