Regulatory Alerts2016-10-26 | NRSF-01Added · Updated
Technical Standards for Reporting Guaranteed Deposits
The Central Reserve Bank of El Salvador mandates that banks, branches of foreign banks, savings and credit societies, and cooperative banks report guaranteed and non-guaranteed deposits to the Deposit Guarantee Institute and the Financial System Superintendence. These obligated entities must submit the required data via a single electronic submission within the first ten business days of each month, covering the previous month's balances. The standards specify detailed reporting formats for checking, savings, and time deposits, including the segregation of excess amounts and specific exclusions such as deposits from related parties or those linked to money laundering.
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