Caja de Valores SA Licenses Surecomp’s SGM Trade®
Buenos Aires, Argentina, June 28, 2018 – Surecomp SGM®, the leading global provider of trade finance and treasury solutions, announced today that after a rigorous selection process Caja de Valores S.A. (CVSA), the central securities depository of Argentina, has chosen to license their SGM Trade treasury management software. The project began the implementation stage in April 2018. SGM Trade is Surecomp SGM’s comprehensive treasury solution which automates treasury operations from trading room transactions to back-office final accounting.
Established in 1974 and headquartered in Buenos Aires, Caja de Valores is the single central securities depository in Argentina, working in both the private and public sectors. Additionally, CVSA owns a 99.96% stake in the Bolsas y Mercados Argentinos (BYMA), Buenos Aires’ stock exchange market. “We at Caja de Valores are pleased to be partnering with Surecomp SGM – moving forward, SGM Trade will be used to manage billions of Argentinian Pesos’ worth of transactions” said Alejandro Wyss, Informatica Divisional Manager at Caja de Valores.
In choosing SGM Trade, CVSA joins an illustrious list of over twenty Argentinian banks who are currently utilizing the system. SGM Trade is built on more than twenty-five years of experience in treasury and capital markets, the solution transforms business capabilities and reduces costs. The SGM Trade treasury management software is a powerful and agile solution that ensures compliance of all trading operations and risks with the recent and future local and international regulations. CVSA, and similar institutions, can leverage the system for negotiations, workflows, compliance/regulatory reporting and more.
“Caja de Valores is, for good reason, an acclaimed custody institution here in Argentina and we are pleased that they have selected SGM Trade to be their treasury management software”, said Matias Hutin, General Manager at Surecomp SGM. “We look forward to working closely with our new partners at CVSA through the implementation process, the launch and well beyond for many years of what promises to be a productive and relationship.
About Caja De Valores S.A.
Caja De Valores S.A.: Collective Deposit Agent – Custody, Registration and Payment Agent, registered under N 19 of the CNV. Major shareholder: Bolsas y Mercados Argentinos (BYMA): 99.96%. Founded in 1974, Caja de Valores S.A. performs a key function within the capital markets of Argentine Republic. It is the only central securities depository of the country that carries out the custody of public and private securities, facilitating their transactions in the framework of security and privacy required by law 20.643 and complementary regulations, under the supervision of Comision Nacional De Valores. CVSA focuses on modernizing the infrastructure of Argentine Capital Market, investing in new technology and automating the interaction with its participants. Headquarters is in the city of Buenos Aires and with branches in Cordoba, Mendoza, Rosario and Santa Fe.
About Surecomp:
Surecomp is the leading global provider of trade finance solutions for banks and multinational corporates. A respected market pioneer for 30-plus years, Surecomp maintains a proven track record delivering innovative solutions worldwide. With a global network of eight regional development and support centers [in the US, Argentina, Chile, the UK, Germany, Israel, Singapore and China], Surecomp serves a prestigious customer base in over 80 countries across six continents. Surecomp’s integrated portfolio of trade finance, supply chain finance and treasury solutions streamlines the transaction lifecycle to increase efficiencies and maximize profits.
Surecomp Contact:
Jack Gottesman
Director of Marketing
Tel: +1 201 716-1219
Email: Jack.Gottesman@surecomp.com
