It is an electronic fixed term that can be divided, transferred, and used as a payment method.

Aiming at encouraging savings and investment instruments in pesos, as well as in digital financial tools, the Board of Directors of the Central Bank of the Argentine Republic (BCRA) approved the creation of an electronic fixed term. This is a mechanism that seeks to increase the functionality of deposits and term investments made through home banking and mobile banking.

Among the novelties that stand out, it was known that the tool facilitates its division and transfer. It can even be used as a form of payment. In this way, the fixed deadlines carried out digitally are equated with those that are carried out in person.

As shared via Twitter, the BCRA created “the Electronic Fixed Term, which will be transferable, compensable and divisible. The Electronic Certificate for Term Deposits and Investments (CEDIP, its acronym in Spanish) will facilitate the fractioning and transfer of placements in pesos, Purchasing Value Unit (PVU), and dollars.”

To access such a possibility, the saver must manage an Electronic Certificate for Term Deposits and Investments (CEDIP). It will be a completely digital instrument that will have a record of all its transmissions with a certain date, and it will be fully traceable. It will be valid from July this year.

Through CEDIP, term placements, both those made in pesos, including those expressed in PVU, and in dollars- may be transferred electronically. In turn, they may be divided into lower-value placements and compensated, which will allow their use as a means of payment and financing.

The Central Bank explained in a statement the spirit of the resolution.

“Any placement achieved will have its corresponding CEDIP, which must be generated by the financial institution at the time of capturing the funds from the deposit or term investment.”


The brand new instrument will offer the possibility of various actions. These are functionalities that today could not meet the fixed deadlines made electronically because they could not change ownership. Nor could they be used as a means of payment. The main features are mentioned below.

The functionalities of fractioning, transmission for trading in the stock market, and the collection window should only be operational from November 1, 2023.

The BCRA explained that the delay in its implementation is due to the time necessary “to develop the systems that guarantee the traceability of the entire operation.”

The novelty announced by the BCRA seeks to favor access to liquidity for savers. Only if the fixed term is made in a branch, they give the voucher to the saver that they can endorse.

By Audy Castaneda


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