The Guayaquil Stock Exchange relies on a unique system for compensating the net amounts. This system enables the stock exchange to pay the operations and implement the transactions on the same day. This is a step prior to the implementation of DECEVALE, the Central Deposit of Securities.This service is aimed at compensating the transfers traded on the stock market and liquidate the payments.

This system of multilateral and bilateral net cash control is known as compensation of net amounts. It has enabled us to concentrate and reduce the payments among the market members in order to make only one payment depending on their position at the end of the process. The payments are credited or debited through the Central Bank to the account of the Guayaquil Stock Exchange and the stock customers involved. Some specific transfers to the customers’ accounts may be accepted according to their instructions.

Brokerage houses: The Guayaquil Stock Exchange sends to all member brokerage houses a daily statement of account, including all their future amounts payable and receivable. This guarantees an accurate management of the cash flow and the fulfillment of the operations.

Moreover, due to the fluency of the system, in the event that a brokerage house wishes to be credited to an account different from the one they are usually credited, they only have to notify to the Guayaquil Stock Exchange the number and bank of the new account.

Stock Exchanges: This system provides the Guayaquil Stock Exchange with a speedy and effective mechanism reducing significantly the cost and time of the operations. Besides, a guaranty fund covers the credit risks and protects the system by reducing the risk of unfulfilled transactions due to default in the payments.