Montran has announced the successful launch of a new Central Securities Depository (CSD) platform at Banco de la República de Colombia. This launch is a key development in modernizing the financial market infrastructure in Colombia. José Escobar, General Manager of Montran LATAM, expressed enthusiasm about the collaboration, highlighting the platform’s potential to transform the country’s capital markets through improved efficiencies and integrated risk management tools.
The CSD platform is designed for the custody, clearing, and settlement of public debt securities transactions. It supports the fiduciary administration of domestic securities and bolsters the central bank’s initiatives in monetary policy. Features of the new platform include interoperability using ISO 20022 messaging standards, optimized processing for corporate actions, and the application of global identifiers like BIC, IBAN, and ISIN codes to improve transaction processing and data quality.
Marcela Ocampo, Executive Manager at Banco de la República de Colombia, stated that the new infrastructure would enhance the adoption of international standards and best practices. The project lays a foundation for more efficient custody and compliance processes in public debt securities management, aiming to establish a robust market infrastructure in Colombia and promote integration with various financial market actors. This development marks a significant step forward in financial innovation and regional integration of capital markets in Latin America.
