The Chile Financial Market Commission (CMF) has established a new reporting mechanism for managers of Low-Value Payment Clearinghouses (LVPCs) to submit monthly information on operations subject to liquidity and capital requirements, pursuant to Chapter III.H.6 of the Central Bank of Chile’s Compendium of Financial Standards and Article 82 of Law No. 18,840. The mechanism, which strengthens General Rule No. 489, introduces a standardised form designed to monitor payment orders accepted for clearing, identify participating institutions’ net positions, and supervise per-cycle guarantees alongside LVPC manager liquidity and minimum capital requirements linked to the perfectioning of payment orders. The form captures data through five records covering accepted payment orders, participant financial collateral, manager liquidity requirements, manager capital requirements, and experimental projects. LVPC administrators that are authorised and currently operating must begin submitting the form in February 2026, reporting data as of December 2025 and January 2026; administrators not yet operating must start reporting in the month following the start of operations. The CMF also published a Regulatory Report summarising feedback received during a public consultation held from February 3 to March 20, 2025.
Chile Financial Market Commission 2026-01-07
Chile Financial Market Commission introduces new monthly reporting form for Low-Value Payment Clearinghouse liquidity and capital requirements
The Chile Financial Market Commission has introduced a new reporting mechanism for Low-Value Payment Clearinghouses (LVPCs) to submit monthly data on operations related to liquidity and capital requirements. This mechanism, enhancing General Rule No. 489, includes a standardized form to monitor payment orders, net positions, and guarantees, alongside LVPC manager liquidity and capital requirements. The CMF also released a report summarizing feedback from a public consultation.