|Trading||BVC||BVC – SEN|
|Clearing||BVC||BVC – SEN|
|Settlement and custody||BVC – DECEVAL||BVC – DECEVAL – DCV|
|Cash leg||CUD (Central Bank High Value Payments System)||CUD (Central Bank High Value Payments System)|
Standard tolerance limit is USD 25.00.
The failing brokerage firm must pay a penalty to its counterparty and another penalty to the Securities Exchange. It is also suspended from trading in the trading session (depending on the kind of failing trade). The Securities Exchange notifies the AMV and the SFC.
There are no formal buy-in procedures. For equities, the stock exchange may initiate an informal buy-in anytime between T+4 and T+5 and pass on the costs to the defaulting counterparty. If an extension to the settlement cycle was requested, the buy-in is initiated on T+6. For fixed income, settlement can be postponed until T+3.
If this maximum timeframe is exceeded without buy-ins, the trade is cancelled, and the BVC or the Central Bank will penalise the failing entity.
BNP Paribas customers benefit from free access to more detailed market information on our NeoLink webportal. Click here to access the Market Profiles or contact your relationship manager.
For the third consecutive year, we lead the Colombian market (2015-2017) in the Global Custodian’s Agent Banks in Emerging Markets (ABEM) Survey.
We offer local custody to domestic and foreign institutions. Our core services include settlement, safekeeping, corporate actions, proxy services, cash and collateral management.
BNP Paribas Securities Services Sociedad Fiduciaria S.A. is a wholly-owned subsidiary of BNP Paribas S.A. employing 38 people in 2018. We have offered securities services in Colombia since 2013 and have attracted both non-resident and domestic clients thanks to our service quality.
For more information, please contact your relationship manager or
Juan Riaño, Market Specialist Colombia and Peru