Central Bank of Paraguay starts dematerialization of savings deposit certificates with specialized depository and 2026 public rollout

The Central Bank of Paraguay has begun implementing a specialized depository for the issuance and custody of electronic savings deposit certificates, or CDA-e, starting the dematerialization of these instruments. The move shifts certificates from paper to digital form and forms part of a broader reform of the issuance, custody, clearing and settlement process for CDA-e. The central bank framed the change as a market infrastructure upgrade aimed at improving transparency and efficiency in the financial system. It is intended to support electronic transactions while reducing operational, credit and counterparty risks. Once in place, the system is also expected to improve traceability for supervisory and control bodies, including the Superintendency of Banks, the Superintendency of Securities, the Deposit Guarantee Fund and SEPRELAD, in the negotiation of CDA-e. Electronic savings deposit certificates are expected to become available to the public in 2026. The central bank linked the initiative to international standards and to strengthening Paraguay’s financial market infrastructure.