Regulatory Alerts2017-07-03 | Circular 14/2017Added
Circular 14/2017 — Interbank Electronic Payments System (SPEI)
This circular establishes the rules for the Interbank Electronic Payments System (SPEI), defining internal norms, operational procedures, and participant requirements to enhance security and risk control. It introduces new definitions for system components, mandates technical and procedural compliance for participants, and outlines the operational framework for fund transfers, including liquidity management and the handling of low-value orders up to eight thousand pesos. The rules aim to facilitate access for new payment service providers while ensuring operational continuity and user protection.
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