Services News

head abril 2014 may 26 mayo 2014 webingDepósito Central de Valores and Banco BCI hereby inform participants that those transactions settled through that bank may now be performed using the modality “Delivery of payment requests through DCV’s web portal”, gaining access to DVP settlement.

 

What’s new?

We are probably all familiar with the DVP (Delivery Versus Payment) concept, an industry settlement process where the payment for the securities by the buyer is performed simultaneously against the delivery of the securities by the vendor.

 

In particular the new DVP modality enabled by BCI allows for automating the delivery of payment instructions from DCV’s treasury module to the settlement bank using Swift messaging, the global provider of secure financial messaging.

 

All DCV participants may access this modality free of charge, requiring only the signing of Annex 2 DVP related to Participant or Settlement Bank.

 

What are the benefits?

Those participants who operate with Banco BCI as settlement bank will obtain the benefits of operational efficiency and reduction of errors related to double entry, making the process more time-efficient when the information is provided directly from the DCV treasury module to the Bank.

 

We invite all participants to learn about this new service and its benefits by contacting DCV Commercial Area at the email This email address is being protected from spambots. You need JavaScript enabled to view it.

 

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