Regulatory Alerts2021-07-29 | CEDEVAL-CON-CDNAdded · Updated
General Contract for Services Related to the Issuance of Negotiable Deposit Certificates (CDN)
CEDEVAL establishes the contractual framework for CDN Issuers to access its SERC platform for the creation, custody, and transfer of negotiable deposit certificates. The agreement mandates adherence to operational manuals, imposes specific technical and settlement obligations on issuers, and outlines commission structures and confidentiality requirements. CEDEVAL retains the right to unilaterally terminate the contract for breaches, bankruptcy, or reputational risk, with disputes subject to arbitration.
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