Cash reconciliation is an optional service whose primary objective is to ensure the reconciliation of cash movements resulting from the settlement of transactions in participants’ accounts.
Iberclear provides participants that subscribe to the cash reconciliation service with details of the entries made in their Dedicated Cash Accounts (DCAs), which are managed by a central bank with which Iberclear has an agreement for this service.
Similarly, this service may be offered to entities that are not the owners of said DCAs, but have received express consent from the owners to be able to receive cash entries made in these accounts.
Iberclear processes the information received via ISO 20022 messaging, translates it into the IS0 15022 standard and informs the institutions of debits and credits via the MT900 and MT910 formats.