Description-BRAA

Print

kbcera braa esp

ADMINISTRATION AND CUSTODY OF THE SOCIAL SECURITY CONTRIBUTION SYSTEM OF PENSION FUND ACTIVE MEMBERS(BRAA)

The Custody Service of the Social Security Contribution System of Pension Fund Active members (BRAA) is provided by DCV to:

icobraa01 Pension Fund Administrators (AFP) for the custody and administration of Recognition Bonds
icobraa02 Social Welfare Institute (IPS) to respond to BRAA procedures associated with AFP requests
icobraa03 Insurance companies for the BRAA Assignment process

WHAT CAN AFPS DO WITH THIS SERVICE??

icobraa afp01 Access the BRAA registries of its affiliates held on deposit through inventory account services
  linea 01
icobraa afp02 Make deposits or physical withdrawals of the Recognition Bond documents issued by Capredena or Dipreca
  linea 01
icobraa afp03 Make electronic deposits or electronic withdrawals of the Recognition Bond documents issued by the IPS
  linea 01
icobraa afp04 Manage the affiliate repository, procedures and transactions
  linea 01
icobraa afp05 Manage the repository of Recognition Bonds (BR) and Backgrounds of Recognition Bonds (AB)
  linea 01
icobraa afp06 AManage the Recognition Bonds database

WHAT CAN THE IPS DO WITH THIS SERVICE?

icobraa ips01

Respond and manage the validation of the requests of AFPs for BRAA procedures issued by the IPS without requiring a physical document

  linea 01
icobraa ips02

Confirm electronically the deposit requests instructed by the AFPs; BRAA issued by the IPS

WHAT CAN INSURANCE COMPANIES DO WITH THIS SERVICE?

icobraa cs01 Confirm the assignment of BRAA without requiring the physical document
  linea 01
icobraa ips03 Cancel the BRAA assignment process when it is not completed
  linea 01
icobraa cs02 Reverse the assignment of Recognition Bonds (Reconciliation)

For more information check the following documents:

bot braa esp 01

Contact us to subscribe to the service

This email address is being protected from spambots. You need JavaScript enabled to view it.