Argentina CSD Caja de Valores joins SWIFT
The financial messaging services provider said that it is helping Argentina’s market infrastructure growth plans by providing automation and global access.
The financial messaging services provider said that it is helping Argentina’s market infrastructure growth plans by providing automation and global access.
SWIFT has confirmed that Argentina’s central securities depository (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,” the financial messaging services provider added.
“This is clear proof of our firm’s steadfast commitment to help further the nation’s capital markets revitalisation,” commented Alejandro Berney, chief executive officer (CEO), Caja de Valores. “By connecting directly to SWIFT, automating and standardising our operations, we can better support the growth of our local capital markets and attract foreign investment.”
In July, the Argentinian government pledged to help revive the currently fragmented capital markets by supporting the creation of the exchange Bolsas y Mercados de Argentina (B&MA), an initiative to provide its markets with access to more financial instruments and boost its competitive position in the region.
B&MA first launched three years ago as a partnership between the Buenos Aires Stock Exchange and Merval, the association of Argentine brokers responsible for market operation in Buenos Aires.