Circular Letter No. 320 “Changes in the International Custody Service for the Foreign Securities Market”

SDear Participants,

In accordance with Section 16.1.1 of the current Internal Regulation, Depósito Central de Valores S.A., Depósito de Valores (DCV) communicates to its depositors that the operating model of the International Custody Service for the Foreign Stock Market will be changed.

Deutsche Bank has informed us that, from June 1st, 2019, it will no longer be part of the operating model of that business. Therefore, DCV will transfer the custody services to other depositories in our international custody infrastructure: The Depository Trust Corporation (DTC) and Euroclear Bank.

This change will imply:

• New settlement process – settlement coordinates -, which will be detailed in the new International Custodians Operations Guide to be communicated through a Circular Letter that will be issued 10 days before the new model becomes effective.
• Changes in how the fees mentioned in the International Custody Rate Form will be collected and will be timely communicated.

Sincerely,  

DEPÓSITO CENTRAL DE VALORES S.A.,
DEPÓSITO DE VALORES

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