2023-07-09 03:01:56
Incorporated through homebanking and mobile banking, its fractionation and transfer is facilitated, through a new Electronic Certificate for Term Deposits and Investments (CEDIP).
through the CEDIPthese placements -both those made in pesos (including those expressed in UVA) and in dollars- may be transferred electronically in an easy and simple way, be divided into smaller placements and compensated, which will allow their use as a means of payment and of financing.
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As detailed by BCRAthis measure introduces a new instrument in the digital payment system and expands savings and investment options.
Since, all the deposits reached under this new modality, will have their corresponding CEDIPwhich must be generated by the financial entity at the time of capturing the funds from the deposit or term investment.
The keys to the new Fixed Term launched by the BCRA
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With these changes, the new functionalities will allow:
Transfer ownership for the cancellation of obligations -commercial or between individuals-; as well as for its negotiation in stock markets, and/or for the primary offer. Through its fractioning, transmit amounts less than the original amount, keeping the rest of the placement under the same conditions, thus allowing the holder to obtain liquidity for the amount he needs. That at maturity the funds are collected over the counter in the depositary entity or, through accreditation in an account in a different financial institution.
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New Fixed Term: when will it be available
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To make the pesos yield: how much do I earn with a fixed term.
He CEDIP and the provisions that are part of the resolution of the BCRA They began to be in force as of this week (with the exception of the functionalities of installments, transmission for trading in the stock market, and over-the-counter collection, which should be operational by November 2023).
The CEDIP will be a completely digital instrument that will have the record of all its transmissions with a certain date and will therefore be fully traceable.
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What should I take into account before constituting a Fixed Term?
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What you need to know before investing.
What you need to know before investing.
Check the interest rate in different entities to choose the best one. Review the fixed term rate by Home Banking or by investment banking. Electronic media usually offer better interest rates. Check if the renewal is automatic or not at expiration.
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Fixed Term: how to know if it is the best option
Before constituting a fixed term, it is useful to compare the interest rate offered by different financial institutions to choose the best one.
It is also convenient to check if it is preferable to do it via homebanking or by investment banking, since electronic media tend to offer better interest rates.
Finally, it is convenient to control whether, at the expiration of the term, the renewal of the fixed term is automatic or not.
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