About CCI

El Centro de Cooperación Interbancaria (CCI) or Center for Inter-bank Cooperation is a professional non-profit organization that is governed by its own statues in addition to complying with applicable business legislation.

CCI’s objectives are as follows:

To serve as an intermediary for inter-bank cooperation and a common ground for sharing concerns and objectives, thus allowing all associates to act within any areas of interest: communications, operations, etc. seeking solutions and improvements to business processes and achieving expense reduction.
To serve as a diffusion channel for inter-bank norms and agreements, previously debated and approved internally.
To maintain necessary relationships between other businesses and CCI’s separate business units, both domestic and international.

El Centro de Cooperación Interbancaria was founded on July 12, 1985 by a joint action of major banking entities and organizations (Banks, Savings and Loans Depositories, Credit Unions) that understood that the resolution of certain common problems would happen through the creation of a specific instrument destined to realize such a goal.

Economic activity generated by more than 30,000 offices that the major banking entities distributed throughout the country produced an increase in inter-bank operations interchanges. Upon its creation, CCI’s main objective was to find a solution for this increase in inter-bank operations interchange.

In response to this need, the major banking entities established a centralized information exchange system with magnet support that would later lay the groundwork for the creation of the “Sistema Interbancario de Transmisión de Operaciones (SITO)” or The Inter-bank System for Operations Exchange. Under the tutelage of the Bank of Spain, the system evolved to the present “Sistema Nacional de Compensación Electrónica (SNCE)” or National System of Electronic Compensation.

With the management of SNCE under the tutelage of the Bank of Spain since 1990, CCI focused on the development and maintenance of risk information files, such as ”Registro de Aceptaciones Impagadas (RAI)” or the Registry of Acceptances Pending Payment and Badexcug, the maintenance of cooperative files such as the codification of bank offices, organizations and other banking entities.

In addition to these activities, CCI opened a number of work groups to analyze diverse subject matter, so that within its own business’ objectives, they can find an acceptable solution for each of its associates.