2023-07-05 19:34:37
Due to the delays presented by some financial institutions to adapt their systems, The Central Bank (BCRA) extended until November 1 the arrival of the electronic fixed term. It is a new financial instrument that will be added to the digital payment system, with the particularity that it can be transferred and fragmented. Originally, some of its features were scheduled to be operational starting this month.
In accordance with BCRA Communication A7800, it was decided defer in 120 calendar days the dates of entry into force of the so-called Electronic Certificate for Term Deposits and Investments (CEDIP). As of July 1, the general provisions of this financial tool would apply. Meanwhile, on November 1, the functionalities of fractioning, transmission for negotiations and the collection window would be added. Now, the new dates have been set for November and March, respectively.
This tool was announced at the end of January. Basically, it will be the same fixed term that currently exists (and, therefore, with the same rates): placements can be made both in pesos (also UVA) and in dollars. But the novelty is that three new functionalities are added.
The electronic fixed term was extended until the beginning of November
First of all, ownership can be transferred for the cancellation of obligations -commercial or between individuals- as well as for their negotiation in the stock market or primary offer. Second, through its fractionation, they will have immediate liquidity; that is, part of the money can be withdrawn and the rest accruing interest for the fixed term. Lastly, upon maturity, the funds may be collected over the counter or through accreditation of a different bank account.
“Through CEDIP, these placements can be transferred electronically in an easy and simple way, be divided into smaller placements and compensated, which will allow its use as a means of payment and financing. Any placement achieved will have its corresponding CEDIP, which must be generated by the financial entity at the time of capturing the funds from the deposit or term investment,” the BCRA explained in January, when it was approved by the board of directors.
It will be a completely digital instrument, which may be constituted through the home banking or mobile banking, and will be equated with those that are arranged in person. Currently, if the saver goes to a branch and makes a fixed term, the financial institution delivers a transferable receipt. It is not divisible, but it is endorsable.
Electronic fixed terms may be in pesos (including UVA) or in dollarsShutterstock
“With the digital certificate that had been lost. Although you can create a fixed term on the web, they could not be endorsed. As of November, the fixed terms that are made digitally can be transferred like those that are done in person and, in addition, they can be divided, ”said sources from the monetary entity. Being electronic, there will be a record of all your transmissions, with a certain and traceable date.
Conocé The Trust Project
#key #change #preferred #investment #Argentines #delayed