Holding accounts are the virtual place where the electronic record of the balances of all transactions carried out with securities held on deposit are kept. These accounts are operated on the DCV Evolution platform, which adheres to the highest technological standards for managing balances and securities movements held on deposit.
These accounts will be available to participants who sign the deposit agreement, and the securities owned by the depositor will be recorded in them. Key characteristics include:
• They allow depositors to deposit and trade securities that they own.
• They only allow the crediting of current securities holdings.
• The beneficiary of the rights to the securities is the depositor.

Depositors (participants signing the deposit contract).

• Facilitate transactions, including trading, assignment, transfer, and pledge (collateral), among others.
• Provide security and certainty in the ownership of securities.

Holding accounts are the virtual place where the electronic record of the balances of all transactions carried out with securities held on deposit are kept. These accounts are operated on the DCV Evolution platform, which adheres to the highest technological standards for managing balances and securities movements  held on deposit.

These accounts are available to the participants who sign the deposit contract, and they will record the securities holdings deposited for the account of third parties who have given a mandate to such participants, choosing among the following types:

• Omnibus investor account: In this account, securities will be grouped without DCV being able to identify the client(s); the depositor itself will be responsible for keeping such records.
• Segregated investor account: In this case, the account is opened in the name of the individual investor and cannot be reassigned to another investor.

Depositantes.

• Enable financial institutions to manage their clients' securities efficiently and securely.

It is a third-party securities account, but it is segregated. This account is characterized by:

• It allows the nominee depositor to deposit and trade securities owned by a single underlying investor.
• It only allows the crediting of non-matured securities holdings and early redemption transactions.
• The beneficiary of the rights to the securities is determined by the nominee depositor when the account is opened and may be either the nominee or the investor. Accordingly, the nominee depositor must indicate:
• Who, between itself and the underlying investor, will be responsible for exercising rights related to corporate actions.
• Who, between itself and the underlying investor, will be responsible for exercising political rights, such as attending shareholders’ meetings, bondholders’ assemblies, and similar events.

Depositors for their clients.
In particular, stockbrokers, securities dealers, and commercial banks.

• The investor can review its account movements and receive statements certified by DCV detailing the movements made by its securities administrator within a specified period.
• Transparency in the management of securities for their ultimate owner (the underlying investor).
• Receive direct reports from the custodian of the securities for the ultimate owner of the securities.
• Each investor has an account, ensuring that the assets are completely separated from those of other investors or the intermediary.

The service may safe keep publicly offered securities, securities issued by the Central Bank of Chile, securities issued by commercial banks and financial companies, securities issued or guaranteed by the State, and other instruments authorized by the Financial Market Commission (CMF).
These are securities issued by local entities.
Domestic securities include, for example, stocks, corporate bonds, government bonds, promissory notes, and mutual fund shares, among other instruments issued in the Chilean market.

Financial market companies described in Law 18,876 where it is required to be depositors. Those entities indicated in letters a) to m) of Article 2 of the Law

1. the Chilean Treasury, through the General Treasury of the Republic and the Central Bank of Chile, in accordance with the powers and attributions conferred by current legislation:
2. The Chilean Economic Development Agency (CORFO).
3. Securities dealers.
4. Stockbrokers.
5. Stock Exchanges.
6. Banks, finance companies, and other institutions authorized to operate in Chile in accordance with the General Law of Banks and Financial Institutions.
7. Mutual fund administrators.
8. Pension fund administrators.
9. Insurance and reinsurance companies established in Chile.
10. Investment fund administrators.
11. Foreign Capital Investment Fund administrators or their legal representative, if applicable.
12. Housing fund administrators.
13. Financial instruments clearing and settlement system administrators
14. Others authorized by the company.

• Certified standards in information security.
• Access to a trading platform to trade securities in the financial market.
• Business continuity.

This is a service we provide to three financial institutions:

• Pension Fund Administrators (AFP) for the custody and administration of Recognition Bonds.
• Social Security Institute (Instituto de Previsión Social – IPS) to respond to BRAA procedures associated with AFP requests.
• Insurance companies for the BRAA assignment process.

When the settlement of the transaction is Delivery versus payment (DvP), the connection is made multilaterally with the Combanc and RTGS payment systems of the Central Bank of Chile. When it is not DvP, then the settlement is 100% bilateral.

AFP can:

• Access the BRAA records of its members and manage the repository of member information, procedures, transactions, and background details.
• Make physical deposits or withdrawals of bonds issued by CAPREDENA or DIPRECA.
• Make dematerialized deposits or electronic withdrawals of documents issued by the IPS.

The IPS can:

• Respond with respect to the validations requested by the AFP to procedures required by the institution without needing the physical document.
• Electronically confirm deposit requests instructed by the AFP with respect to BRAA bonds issued by the IPS.

Insurance companies can:

• Confirm or cancel the assignment of the BRAA without requiring the physical document.
• Reverse BRAA assignments.

• Security in the immobilization of assets.
• Access to a trading platform to trade securities.
• Certified standards in information security.
• Business continuity.

When the settlement of the transaction is Delivery versus payment (DvP), the connection is made multilaterally with the Combanc and RTGS payment systems of the Central Bank of Chile. When it is not DvP, then the settlement is 100% bilateral.

Depositors/DCV Participants

• In trading transactions, we record its traceability, ensuring Delivery versus Payment (DvP), thus eliminating counterparty risk.
• For transfers and reallocations, we ensure the legitimacy of ownership and the proper transfer of title to the securities.

We have a platform for electronic transactions, replacing the physical form for equity deposits and withdrawals.
It allows the electronic authorization of transactions, replacing the physical authorizations made by the depositor and DCV.
We generate a report for the issuer to obtain approval for transactions.

Issuers and Depositors/DCV Participants

• Optimized processing of transactions through a web platform.
• Digital registration and data validation.
• Security in the validation of transactions by incorporating a second authentication factor in the authorization for witnesses and legal representatives.
• Fewer errors; no need to retype information from previous forms.

La fecha de la última actualización corresponde al 12 de octubre de 2023.

• Shares.
• Central Bank of Chile Bond in dollars.
• Central Bank of Chile Bond in pesos.
• Central Bank of Chile Bond in UF.
• Convertible Bond.
• Perpetual Bond.
• Recognition Bond.
• An additional recognition bond granted to qualifying exonerated individuals who meet further legal or administrative criteria. It supplements the initial recognition bond in the Chilean pension system).
• A second-tier supplementary bond provided to certain beneficiaries of the "Bono Reconocimiento Adicional de Exonerado," usually in accordance with updated pension laws or amendments recognizing further rights.
• A recognition bond granted by the Chilean government to individuals who were unjustly removed (exonerated) from public service during past political regimes. It acknowledges prior service for pension calculation purposes and is used within the Chilean pension system to compensate affected individuals.
• Floating Rate Bond.
• Treasury Bond in Chilean Pesos.
• Treasury Bond in UF.
• Bank Bonds.
• Central Bank of Chile Bond in US dollars.
• Mortgage-backed Bonds.
• Ministry of Housing and Urban Development Leasing Bonds.
• Subordinated Bonds.
• Recognition Bond Complement.
• Mutual Fund Shares.
• Investment Fund Shares.
• Optional Adjustable Bond Series.
• Central Bank of Chile Dollar-Denominated Notes.
• Payment Certificate issued under the Tariff Stabilization Fund – Law 21.472.
• Debentures.
• Bearer or Endorsable Time Deposit.
• Time deposits payable and issued in US dollars.
• Non-serial Commercial Paper.
• Serial Commercial Paper.
• Floating Rate Securitized Issue.
• Local ETFs.
• Mortgage Bond.
• Single-Coupon Mortgage Bond – General Purpose.
• Single-Coupon Mortgage Bond – Housing Purpose.
• Two-Coupon Mortgage Bond – Housing Purpose.
• Preferred Stock Subscription Rights of Corporations.
• Promissory Note of the Central Bank of Chile in US Dollars.
• Discountable Promissory Notes of the Central Bank.
• Adjustable Promissory Note with Coupons.
• Adjustable Promissory Note of the Central Bank.
• Reparation Promissory Notes (INP).
• Securitized Debt Instrument.
• Invoice-Backed Security.
• Average-Chamber-Indexed Time Deposit.

Time Deposits Payable and Issued in US Dollars by the Following Banks:

Banco del Estado, Banco Internacional, Banco de Crédito e Inversiones, Banco Falabella, Banco Security, Banco Paris, Banco Santander-Chile, Banco Penta, Banco de Chile, JP Morgan Chase Bank, Corpbanca, HSBC Bank, Banco Bice, Banco Itaú, Banco Scotiabank Sud Americano, and Banco Bilbao Vizcaya Argentaria Chile.

• Time deposits adjustable in other foreign currencies.
• Time deposits payable and issued in US dollars by banks other than those indicated above.
• Physical Time Deposits with endorsement stubs issued before March 1, 2003.
• TAB Rate Promissory Notes Issued by Financial Institutions.
• Mutual Fund Shares Not Included in the Above-Mentioned Table.
• Dipreca Recognition Bond.
• Capredena Recognition Bond.
• Physically Issued Registered Time Deposits.