Softron Uruguay facilitated the Central Bank of Uruguay (BCU) in hiring its partner CMA for the provision of Real Time Gross Settlement (RTGS) and Central Securities Depository System (CSD) solutions.

The Central Bank of Uruguay (BCU) has selected CMA of Sweden (smallsystems.cma.se), associated with SOFTRON of Uruguay (softron.biz), for the design, provision, installation and initial configuration, implementation, training, guarantee, support and maintenance of the Real Time Gross Settlement (RTGS) solution and the Central Securities Depository System (CSD). acronym in English) and related applications.

CMA is a leader as a solutions provider for companies operating in the financial markets.

CMA solutions:

• They will guarantee the force and irrevocability of payments and settlements of securities, in the current accounts of the actors in the BCU and in the securities position records of the CSD.
• They will implement risk control associated with the settlement of funds in the RTGS and with the securities positions of the CSD.
• They will implement risk control associated with the settlement of funds in the RTGS and with the securities positions of the CSD.

CMA will utilize Softron resources throughout the implementation of the project and for the provision of the first line of support after the system goes into production.

The BCU has defined its mission as: “Establish an adequate framework for financial growth, through proactive use of monetary and exchange instruments aimed at price stability. Promote the stability, integrity, transparency, efficiency and development of the financial system. and payments, to facilitate community access.”

We are very proud of this achievement, since our solutions meet all the strict requirements of the BCU and because it is our first project in Latin America” – and Oleg Kojevnikov, Business Development Manager at CMA. “We are happy to count the Central Bank of Uruguay among our clients and we are committed to making this project a complete success.”