Press release 2022-005
Willemstad/Philipsburg – The Centrale Bank van Curaçao en Sint Maarten (CBCS) is pleased to confirm the participation of CIBC FirstCaribbean Curaçao and CIBC FirstCaribbean Sint Maarten in the Instant Payments Clearing and Settlement Mechanism (IP CSM) as of today. This leaves only one bank in Sint Maarten to join the IP CSM. The CBCS focuses on getting this bank connected as soon as possible this year. In addition, one large credit union in Curaçao is also making the necessary preparations to join the IP CSM during this year.