Argentina’s CSD joins SWIFT to support the nation’s capital markets revitalisation
SWIFT helps Argentina’s market infrastructure growth plans by providing automation and global access
This press release is also available in Spanish
New York, 13 September 2016 – SWIFT announced today that Argentina’s CSD, Caja de Valores, is now fully operational directly on its network. In an effort to increase efficiency and resilience in Argentina’s capital markets, the CSD is executing all its international transactions via SWIFT.
“Caja de Valores is thrilled to evolve its relationship with SWIFT. This is a critical milestone that will help enhance our global competitive prowess. This is clear proof of our firm’s steadfast commitment to help further the nation’s capital markets revitalization,” says Alejandro Berney, Chief Executive Officer, Caja de Valores. “By connecting directly to SWIFT, automating and standardizing our operations, we can better support the growth of our local capital markets and attract foreign investment.”
Caja de Valores is thrilled to evolve its relationship with SWIFT. This is a critical milestone that will help enhance our global competitive prowess. This is clear proof of our firm’s steadfast commitment to help further the nation’s capital markets revitalization.
Alejandro Berney, Chief Executive Officer, Caja de Valores
In July 2016, the Argentinian government pledged to help revive the currently fragmented capital markets by supporting the creation of B&MA, the country’s bet to provide its markets with access to more financial instruments and boost its competitive position in the region.
“SWIFT is pleased to support Caja de Valores in its quest to operate at a global level and seize the opportunities presented by Argentina’s current context” adds Fabian Banchiero, Senior Business Manager, Securities Initiatives, SWIFT. “SWIFT has been working with financial market infrastructures (FMI) for over 40 years and is particularly glad to support Latin American players in staying at the forefront of the market’s globalization.”
SWIFT is pleased to support Caja de Valores in its quest to operate at a global level and seize the opportunities presented by Argentina’s current context.
Fabian Banchiero, Senior Business Manager, Securities Initiatives, SWIFT
SWIFT serves more than 230 FMI around the world across payments, securities and treasury markets, allowing them to process transactions, mitigate risk, and increase their operational efficiency.
SWIFT is a global member-owned cooperative and the world’s leading provider of secure financial messaging services.
We provide our community with a platform for messaging and standards for communicating, and we offer products and services to facilitate access and integration, identification, analysis and financial crime compliance.
Our messaging platform, products and services connect more than 11,000 banking and securities organisations, market infrastructures and corporate customers in more than 200 countries and territories, enabling them to communicate securely and exchange standardised financial messages in a reliable way. As their trusted provider, we facilitate global and local financial flows, support trade and commerce all around the world; we relentlessly pursue operational excellence and continually seek ways to lower costs, reduce risks and eliminate operational inefficiencies.
Headquartered in Belgium, SWIFT’s international governance and oversight reinforces the neutral, global character of its cooperative structure. SWIFT’s global office network ensures an active presence in all the major financial centres.
About Caja de Valores S.A.
Caja de Valores S.A. (CVSA) was established in 1974, and has contributed to the development of the Argentine Capital Markets throughout its many years of experience, playing different roles in the custody, exchange, collateral and registrar lines of businesses. CVSA is recognized as a trend setter in Latin America, developing global custody services for local investors in the mid 90´s, implementing negotiation and settlement of cheques for SMEs in early 2000, and most recently offering sub-custody services for foreign participants to name just a few examples. CVSA is focused on modernizing the Argentine Capital Market infrastructure, investing in new technology and automating the interaction with its participants.
For more information visit www.cajval.sba.com.ar