National Payment System: Principles for Financial Market Infrastructures - Update of the List of FMIs and Authorized Functions

2020 - YEAR OF GENERAL MANUEL BELGRANO

COMMUNICATION “A” 6904
14/02/2020

TO FINANCIAL INSTITUTIONS,
TO ELECTRONIC CLEARING HOUSES,
TO COMPANIES ADMINISTERING AUTOMATED TELLER MACHINE NETWORKS, TO FINANCIAL MARKET INFRASTRUCTURES:

Ref.: Circular
SINAP 1 - 93

National Payment System. Principles for Financial Market Infrastructures. Update of the list of FMIs and authorized functions.

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We address you to inform you that this Institution adopted the resolution that, in its pertinent part, provides for the inclusion in the list of systemically important Financial Market Infrastructures (FMIs) –disseminated through Communication “B” 11056– of Caja de Valores S.A. (CVSA), Argentina Clearing S.A. (ACSA) and Mercado Argentino de Valores S.A. (MAV); authorizing them to perform the functions of Manager of checks generated by electronic means (ECHEQ) and to connect, for those purposes, to the ECHEQ Storage System, administered by the Low-Value Electronic Clearing House (COELSA).

Additionally, it has been resolved to authorize Caja de Valores S.A. (CVSA) to carry out the custody of ECHEQ for their stock exchange trading.

Lastly, we point out to you that the aforementioned FMIs must comply with the application of the principles indicated in the subject, within the framework of a periodic comprehensive review and taking into account the guidelines established in the aforementioned regulations.

We greet you attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC

Luis Alberto D’Orio
Principal Manager of Payment Systems and Current Accounts

Julio César Pando
Deputy General Manager of
Payment Means