Paraguay's securities depository, CAVAPY, is preparing to integrate directly with the central bank's real-time gross settlement system this month.
The move will shift the cash settlement of all stock exchange trades away from commercial banks, centralizing the payment infrastructure under the monetary authority.
The integration is expected to go live in August, according to The Rio Times.
By routing trade settlements through the central bank, the depository aims to eliminate counterparty risk associated with commercial bank intermediaries.
This structural change tightens the link between the country's capital markets and its monetary policy infrastructure.
The development aligns with a broader trend of central bank modernization across Latin America.