Caja de Valores invests in technology to strengthen SME financing

Caja de Valores, Argentina's central securities depository that is part of the BYMA Group, announces the completion of the second phase of the implementation of the Custody System developed with Nasdaq's leading technology, generating a direct impact on the real economy.

This is a technological leap to enhance the financing of the SME sector and productive investment. With this step, more than 50,000 financing instruments for small and medium-sized companies corresponding to more than 1,000,000 accounts are now available on the technological platform developed with the leading CSD (Central Securities Depositories) technology of Nasdaq, a world leader in technology.

The development translates into multiple benefits for depositors and SMEs that are financed through the market, who from now on can centralize all their operations in a single system. This implies greater simplification, automation, agility and speed for participants, investments and operations.

The implementation of this second stage carried out by Caja de Valores included not only the migration of investors, accounts and instruments, but also the integration with the EPYME platform and a joint work with the MAV (Mercado Argentino de Valores).

SME Financing in the Market

Today the Capital Market is a very efficient mechanism for SME financing. It has some features that make it convenient and is considered an interesting additional alternative for those SMEs or entrepreneurs who have a financing need, such as: enlarging a plant, generating working capital, obtaining inputs, buying machinery or merchandise, among others.

Through EPYME, the Caja de Valores platform that is free to access, SMEs can be financed in the Capital Market through different instruments: Digital Promissory Note, Echeq, Electronic Credit Invoice.

‍In this regard, Gonzalo Pascual Merlo, CEO of BYMA, expressed: "We are proud to continue advancing in this implementation that resulted in the beginning of a new stage in the Argentine Capital Market. We continue investing in developments that generate a direct impact on productive investment with a federal approach. This announcement culminates an articulated work with MAV, with whom we share the commitment to empower a central sector for the development of the economy, and reaffirms that integration between markets is the way forward."

For his part, Caja de Valores' Chief Operating Officer, Martín Baretta, added: "The migration corresponding to the second phase is part of a strategic plan defined with Nasdaq and has a direct positive impact on the ecosystem. This technological leap directly benefits SMEs, which can access financing in the Capital Markets through a technological platform of international standards."

‍For his part, the CEO of MAV, Fernando Luciani, said: "This announcement is part of an articulated work that we have been doing together with Caja de Valores to accelerate the technological development of the SME sector. From now on, SMEs can operate and finance themselves 100% online. We agree that working together translates into better results to achieve a broader Capital Market that drives growth."

‍Caja de Valores was the second central depository in Latin America to adopt this modern Custody System, which aligns the Argentine Capital Market with the technologies used by the most developed markets in the world. It is part of BYMA's innovation strategy focused on enhancing the technological standards of the Argentine market.

‍More information about the systemhere.