Willemstad/Philipsburg:---The Centrale Bank van Curaçao en Sint Maarten (CBCS) is pleased to announce the publication of the Payments and Securities Clearing and Settlement Systems in Curaçao and Sint Maarten 2020 report, one of the first public documents in the series of Yellow Books. ‘The report outlines the main institutional aspects of the national financial market infrastructure, the main interbank clearing and settlement systems and the behavior of the main payment instruments used in Curaçao and Sint Maarten. It also provides a brief description of the securities exchange, trading, registry, clearing and settlement systems in the Monetary Union’, explains Mrs. Leila Matroos-Lasten, Executive Director of the CBCS. The Yellow Book reflects statistical information about payments in Curaçao and Sint Maarten. The specific color assigned to a book is based on the region from which the information is obtained.
Since 1999, the CBCS engages the Western Hemisphere Payments and Securities Settlement Forum (WHF) to improve capacity building regarding the operation and oversight of payments clearing and settlement systems. Within this context, in 2018, the CBCS started a process of a major regulatory and development reform aimed at strengthening the foundations for the functioning of the national financial market infrastructure in accordance with international standards. A draft national ordinance on financial market infrastructures was sent to the governments of Curaçao and Sint Maarten in 2020. In March 2021, the CBCS issued the latest version of its payment system operating rule book.
‘The publication of this Yellow Book represents a crucial step in the process of the CBCS to enhance transparency and quality of statistics about payments clearing and settlement systems in Curaçao and Sint Maarten’, concludes Mrs. Matroos-Lasten. The report can be downloaded from the CBCS-website: https://www.centralbank.cw/publications/reports
