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

Señores participantes,

In an effort to achieve more efficient settlement processes, the Santiago Stock Exchange, in collaboration with the Central Securities Depository (DCV), announces the imminent implementation of a series of improvements to the recording of fixed-income and financial intermediation transactions in DCV Evolución (DCVe). These improvements will enhance efficiency and enable a more orderly settlement process for securities transactions.

These measures will take effect on Monday, June 8.

The first phase of these changes will involve adjusting the settlement time for transactions due today (PH) in this market.

The details of this first phase are as follows:

1. Transactions in which a direct operator is the seller and a broker is the buyer (“cycle 1”) will be displayed in DCVe. This will allow brokers to proceed with the settlement required to cover the CCLV’s PH Clearing House (the current schedule remains unchanged).
2. Transactions from the CCLV’s PH Clearing House will be displayed in DCVe (“cycle 2”; the current schedule remains unchanged).
3. Transactions in which a broker is the seller and a direct operator is the buyer will be displayed on DCVe. These transactions will be recorded on DCVe immediately after the CCLV PH Clearing House is settled or, at the latest, by 3:01 p.m. (“cycle 3”).

It should be noted that the display time for Telerenta 2 PH transactions in DCVe will remain unchanged.

Details regarding the next phases of this series of improvements will be announced in due course.

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

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