DCV Attended the XXVI ACSDA General Meeting

Rodrigo Roblero, General Manager of DCV, Javier Jara,
Legal and Corporate Affairs Manager, and
Eduardo Roa, Head of Strategic Projects and
Businesses attended the meeting.

As every year, the meeting gathers Securities Depositories and Clearing Houses of the Americas to analyze relevant issues for the industry. This year, the American Association of Central Securities Depositories (ACSDA) organized the topics around technology trends, cybersecurity, and digitization.

“As infrastructure providers for the Chilean capital market, it is important to be part of these meetings which allow us to actively contribute to the development and innovation of the activities of securities depositories, share experiences, generate collaboration, and add value," said Javier Jara, Legal and Corporate Affairs Manager of DCV and member of the ACSDA Board.

The second day of the meeting addressed the topic of assets digitization and the role of securities depositories, where Javier Jara participated in one of the panels presenting the digital assets project being executed by Depósito Central de Valores "it is a challenge that without a doubt will be relevant for the industry and the market in general in the upcoming years," he added.

This trend states the possibility of a significant change in the way in which Central Securities Depositories operate and provide services. In that respect, the panelists agreed on the fact that digitization may make processes more efficient, transparent and provide a better user experience.

During the same meeting, Eduardo Roa, Head of Strategic Projects and Businesses, talked about the business diversification opportunities for the central depositories industry in the region and in the world.

"The Fintech law will introduce new types of financial assets that will provide legal validity to representations of shares, bonds, mortgages, private contracts, and more. This will represent an important challenge that will open the doors to the creation of innovations in a wide variety of business models," said Roa.

It must be noted that ACSDA is an organization comprised of Securities Depositories and Clearing Houses in the Americas whose purpose is to share information and experiences among its members, through mutual and close cooperation, and also promote best practices in services and the adjustment of the regulations in the securities markets.
www.acsda.org

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