Montran, a global enabler of capital markets infrastructure, announces the successful launch of the new Central Securities Depository (CSD) platform at the Banco de la República de Colombia.
This deployment marks a significant milestone in “modernizing the Colombian financial market infrastructure.”
José Escobar, General Manager of Montran LATAM said:
“We are excited to partner with the Banco de la República de Colombia on this transformative project for the country and the region. Our innovative CSD platform will drive significant improvements in efficiency, risk management, and transparency within Colombia’s capital markets.”
The new CSD platform is essential “for the custody, clearing, and settlement of public debt securities transactions.”
Additionally, it facilitates “the fiduciary administration of domestic securities and reinforces the central bank’s monetary policy initiatives.”
The benefits of the new infrastructure “include interoperability through ISO 20022 messages, optimized processing of corporate actions, and integrated risk management tools.”
The CSD platform also applies global identifiers “such as BIC, IBAN, and ISIN codes to enhance straight-through-processing and data quality.”
Marcela Ocampo, Executive Manager of the Banco de la República de Colombia said:
“With the new infrastructure, we will strengthen the adoption of international standards and best practices, This project establishes a solid foundation for innovating and making custody and compliance processes for public debt securities more efficient, as our goal is to provide a robust and efficient market infrastructure in Colombia and enable integration with different actors in the financial market.”
This milestone demonstrates both “the Banco de la República de Colombia’s commitment to financial innovation and Montran’s role in shaping the future of finance.”
By facilitating this advancement, both institutions “are setting a new benchmark for financial operations in the region, seeking a more interconnected future for capital markets in LATAM and beyond.”
Among its special functions assigned to the Bank are, among others, “adopting monetary policy measures it deems necessary to regulate the economy’s liquidity and facilitate the normal functioning of the payment system, ensuring currency value stability.”
Additionally, it performs functions “such as regulating currency, international exchange, and credit, issuing the Colombian legal currency, managing international reserves, being a lender and banker to credit institutions, and serving as the Government’s fiscal agent.”
As noted in the update, Montran is the “provider of securities market and payments infrastructure solutions, serving over 80 countries with mission-critical facilities and operations.”
