Optimization of trade recording in DCV Phase 2. For stockbrokers and direct participants on the Santiago Stock Exchange (IRF and IIF)

Dear participants,

As part of the ongoing process of improvements to the registration of fixed-income and financial intermediation transactions announced by the Santiago Stock Exchange and the DCV in a bulletin dated June 2, we are now providing information on the second phase of the project, which will be implemented starting Monday, July 13, 2026.

These improvements will make the process more efficient and allow for a more orderly settlement of stock market transactions.

The second phase of these changes will involve adjusting the settlement time for bilateral settlement transactions with “Payable Tomorrow” (PM) and “Normal Spot” (CN) settlement terms.

The details are as follows:

1. Early in the day, transactions in which a direct trader is the seller and a broker is the buyer (“cycle 1”) will be displayed on DCVe. This will allow brokers to proceed with the settlement they need to fulfill their obligations to the CCLV’s PM Clearing House (the current schedule remains unchanged).
2. Also first thing in the morning, transactions from the CCLV’s PM Clearing House will be displayed on DCVe (“Cycle 2”; the current schedule remains unchanged).
3. Around noon, transactions in which a stockbroker is the seller and a direct trader is the buyer will be displayed on DCVe. These transactions will be recorded on DCVe immediately after the CCLV PM Clearing House has settled, or no later than 12:01 p.m. (“Cycle 3”).

We hope these measures will help facilitate post-trade settlement processes.

The support teams at the Santiago Stock Exchange and the DCV will be available to answer your questions. Please be sure to direct any questions regarding the Stock Exchange to [email protected] or by calling 22 399 3110.