Regulatory Alerts2023-05-03 | CCB-CEDEVALCustody Services Contract for Non-Negotiable Securities and Documents Held in Vault, between CEDEVAL S.A. de C.V. and the Client
CEDEVAL S.A. de C.V. establishes the terms for providing vault custody services for non-negotiable securities and documents to clients through this standardized contract. The agreement mandates strict adherence to Salvadoran financial regulations, imposes rigorous obligations regarding cybersecurity, confidentiality, and anti-money laundering compliance, and defines specific grounds for suspension, termination, and liability. It further outlines the rights and duties associated with online access systems, fee structures, and dispute resolution mechanisms under the jurisdiction of El Salvador.
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