The Central Bank of Chile has issued new rules to strengthen liquidity management for central counterparty entities (CCPs), setting the conditions under which CCPs that hold an Additional Settlement Account in the Bank’s Real-Time Gross Settlement System (LBTR) may receive remuneration on participants’ collateral balances deposited in cash and in domestic currency in that account. The framework, incorporated into Chapter III.H.7 of the Central Bank of Chile’s Compendium of Financial Regulations, is designed to encourage CCP participants’ required collateral to be constituted through cash deposits in the Additional Settlement Account held at the central bank, supporting faster and more secure access to funds and more efficient operations during stress. The measures were consulted publicly between 16 and 29 October 2025, with comments received summarised in an accompanying note. Operational terms and conditions for implementation will be communicated in due course via a Circular Letter.
Central Bank of Chile issues liquidity management rules for central counterparties including remuneration of cash collateral in RTGS additional settlement accounts
The Central Bank of Chile has introduced new rules to enhance liquidity management for central counterparty entities (CCPs), allowing remuneration on participants’ collateral balances in cash and domestic currency in the Additional Settlement Account. This framework, part of Chapter III.H.7 of the Central Bank's Compendium of Financial Regulations, aims to promote cash deposits for collateral, ensuring quicker and more secure fund access and efficient operations during stress. Public consultation on these measures occurred in October 2025, with implementation details to follow in a Circular Letter.