Operational Parameters

Registered institutions with SEN will be able to trade government securities, to do Repos, buy/sell backs operations, and to carry out inter-bank money market operations among legally authorized financial institutions. All this can be achieved in real time through remote working stations.

SEN operates under the following parameters:

• It can be operated with or without previous or subsequent identification of the counterpart, depending on the type of market.
• Risk lines by term and market can be assigned by agents to their eventual counterparts.
• Quotes are shown to all agents and not just to one in particular.
• Automatic transaction closing, when bid and offer of the same instrument are compatible with the amount, term, price, and rate between two different counterparts. The system will inform agents of closed transactions and settlement conditions.
• Automatic restitution of Repos, Simultaneous and Interbank Deposits upon expiry date through an interface with the DCV.
• Record and automatic numeration of all transactions carried out during each session.
• SEN is connected to the DCV and to the Deposit Accounts System, so that automatic settlement of all transactions under the system can be carried out by the Central Bank.
• Operations undertaken through SEN will be reported to the Inspection or Surveillance Control Authorities in accordance with the current regulations.
• A certificate shall be issued at the close of operations by any of the two parts as a prove of terms and conditions provided under the transaction.

Banking Operations
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