• Optimizing response times to
meet the economy’s demand for cash. In case of contingencies of various kinds
such as natural disasters, strikes, road closing, or bank runs, BCCR is
prepared to supply the cash needed by financial entities so that their
operations are not interrupted.
• Reduction in operation costs
commercial banks working with ACCs do not have to send armored vans to
BCCR’s main offices to provide themselves with cash, their operation
costs are reduced on this item.
• Less operation risks - By not having to move cash
from BCCR to their own vaults, banks reduce the chances of cash robbery
the ACC system of operation, banks do their deposits and cash withdrawals
in so-called Auxiliary Accounts -located in the banks themselves-
recording in real time every movement in their reserve account with the
software provided with the service. BCCR may review and audit the
procedure at any time, and establish sanctions in case of operational
errors -especially missing cash.
auxiliary custody may be put in place in any branch agency of a
commercial bank or in the facilities of cash processing firms, provided
that it meets all existing infrastructure requirements, and if they act
on behalf of the financial entity.