DEPÓSITO CENTRAL DE VALORES S.A., DEPÓSITO DE VALORES
Dear Participants
The Deposito Central De Valores (DCV) wishes to inform you that the current Pledged Instruments Report, available to depositors for subscription at any time, will be subject to the following change in fees, depending on the delivery system requested by the subscriber:
Mail Delivery
8 UF month
Delivery through RBI
12 UF month
The aforementioned report, as reported in Circular Letter No. 284 of November 13, 2015 has the following features:
Features
Daily report detailing currently valid pledges registered with DCV, either by electronic or notarial instruction, in which the subscriber Depositor takes part as a creditor.
DEPÓSITO CENTRAL DE VALORES S.A., DEPÓSITO DE VALORES
Dear Participants
The Deposito Central de Valores (DCV) is pleased to report that its Board of Directors, in its meeting last Tuesday December 13, 2016, agreed to grant its customers an 11% trade discount on their monthly billing. This discount will be effective from January 1, 2017 and will be valid throughout the first semester. In addition, the Board agreed to maintain the current differentiated discounts,
For further information, please contact the Customer Service Desk, MAC This email address is being protected from spambots. You need JavaScript enabled to view it., at (+56) 223 939 001.
Yours sincerely
DEPÓSITO CENTRAL DE VALORES S.A., DEPÓSITO DE VALORES
DEPÓSITO CENTRAL DE VALORES S.A., DEPÓSITO DE VALORES
Dear Participants
Depósito Central de Valores S.A. (DCV) wishes to inform its Participants that, pursuant to the provisions set forth in Section No. 5 of the Internal Regulations of DCV, there shall be new measures to access and use its computer system, and several improvements to the electronic signature system currently used for various applications and functions which so require.
Presently, DCV and its Participants use CAPICOM, a software that was developed by Microsoft to make cryptography based operations easier, specifically for the use of electronic certificates requiring a digital signature (it should be noted that some of DCV’s applications require a digital signature, such as critical operations, queries and printing of confidential information).
At present, CAPICOM developers do not offer technical support; for this reason, and in order to comply with the online safety obligations set forth in Law No. 19,799 related to electronic/digital signatures, DCV developed a client application entitled “DCV AUTHORIZED SIGNATURE”, which will be installed in every device used by the operators to sign operations with DCV.
Though this solution will replace the current CAPICOM client signature, it will provide the same authentication non-rejection and transaction enabling features, by using digital certificates to process the operations. A certificate that ensures compliance with the features mentioned previously must be an advanced electronic signature issued by one of the certification entities authorized by the Ministry of Economy of Chile.
Solution features and installation requirements of “DCV AUTHORIZED SIGNATURE”
CAPICOM
DCV SOLUTION
Automatic updates (monitoring system that will notify users when the system requires an update).
Reduced browser compatibility problems (improved compatibility with the new Windows operating systems).
Application settings status monitoring system.
• Administrator permission on the device. • Memoria RAM mínima 1 GB RAM. • 100 MB available disk space. • Internet Explorer 7 and 8.. • Java Runtime Environment, JRE 1.6.0.45 or later.
Each Operator of the Depositor will be required to accept the “terms and conditions” to download and use the application (during installation).
The “DCV AUTHORIZED SIGNATURE” shall be available to Depositors for installation in December 2016, and it should be installed no later than the end of the first quarter of 2017, when CAPICOM will no longer be compatible with the DCV’s operations. DCV shall provide a specific migration date to Depositors with timely notification.
Even though we shall inform about the corresponding migration plan to your company within the next few weeks, should you require further information on the installation of this new application, please refer to the documents available for download attached to this circular letter; “External User Manual” and “Terms and Conditions”.
For further information, please contact the Customer Service Desk, MAC, at e-mail This email address is being protected from spambots. You need JavaScript enabled to view it.or at (+56) 223 939 001
Sincerely Yours
DEPÓSITO CENTRAL DE VALORES S.A., DEPÓSITO DE VALORES
DCV informs of an increase in the commercial discount
Valid
NO
DEPÓSITO CENTRAL DE VALORES S.A., DEPÓSITO DE VALORES
Dear Participants
The Central Securities Depository (Deposito Central de Valores, DCV) is pleased to inform you that the Board of Director, in its meeting of October, 2016, has agreed to increase the commercial discount announced in Circular Letter No. 292 of January 2016, thus granting an additional discount on the monthly invoiced amount for all of the clients of Deposito Central de Valores S.A., from 9.6% to 14.6%. This discount will be made valid as from October, and will remain through November and until the end of December 2016.
For further information, please contact the Customer Service Desk, MAC This email address is being protected from spambots. You need JavaScript enabled to view it., at (+56 2) 2393 9001.
Sincerely yours
DEPÓSITO CENTRAL DE VALORES S.A., DEPÓSITO DE VALORES
CCLV and DCV implement improvements to the securities settlements process
Effective
NO
DEPÓSITO CENTRAL DE VALORES S.A., DEPÓSITO DE VALORES
Señores Participantes
The Deposito Central de Valores S.A., or Central Securities Depository (DCV) together with CCLV Contraparte Central S.A. (Central Clearing and Settlement House), cornerstones in the process of securities settlement in the Chilean capital market, in their role as infrastructure suppliers, are continually seeking improvements that aim at a greater efficiency and decreased operational risks; for this purpose, they have made adjustments to their computer systems and launched a set of improvements that enhance their systems and operational processes, in keeping with their mission of providing safety and efficiency in transactions settlement (CCLV) and as infrastructure suppliers with the highest standards (DCV).
For this reason, the DCV informs its customers that, as of Wednesday, November 2nd, 2016, a series of improvements will be implemented on both companies’ systems, as described below.
Changes in processes:
1. CCLV will include multilateral clearing and settlement for the Clearing Houses PM, PH & SM, which take place in DCV’s systems. This measure has the added benefit that participants in a given clearing house will now have a single position for each financial instrument to be settled, thereby eliminating the “chain” effect that exists currently.
2.The Equity and Payable Tomorrow Clearing Houses will be registered with DCV on the day they are settled, which will allow CCLV to include into its automatic processes, potential changes in mnemonics or other events that may affect the transactions between their operation and settlement date.
3. Payable Tomorrow and Equity Clearing Houses are incorporated into the mechanism of positions retention over totals in DCV. This measure, which implies that retention of positions only occurs when the seller has the entirety of the positions required for the operation, will help in avoiding excessively early retention of positions.
4. The continuous settlement process of the PH and SM Clearing Houses will now extend to the RV and PM Clearing Houses, allowing CCLV to begin the settlement process of these Clearing Houses, without the need for all of the operations to be covered. This measure helps to avoid the unnecessary operational risks that currently exist.
Changes to the names of the Clearing Houses:
1.- The creation of a new Clearing House, named "RV Clearing House" where the operations that are currently reported, now will be reported in the “Equity Clearing House”.
2.- The current "Payable Tomorrow IIF Clearing House" will change its name to "PM Clearing House", and will include the operations that are currently reported in the "Pagadero Mañana RF Clearing House" and "Pagadero Mañana IIF Clearing House".
3.- Clearing Houses named “Payable Tomorrow RF” and “Equity” will not be used in the future, but remain available for queries.
4.- Lastly, the new names of the Clearing Houses will be:
a. PH Clearing House (instead of “Payable Today Clearing House”).
b. SM Clearing House (instead of Simultaneous Clearing House).
c. PM Clearing House (instead of Pagadero Mañana IIF Clearing House).
d. RV Clearing House, instead of Equity Clearing House.
urthermore, the standardization of internal processes, both within the CCLV and DCV, will reduce several risks involved in the operation of both companies. With this project, there will be noteworthy improvements in the process of monitoring the compliance of participants with their obligations, and an enhancement in the application of financial safeguards.
These improvements will come together with an improvement to the information exchange between these companies, thus aiding the CCLV in handling noncompliance, as well as providing an update and standardization for the treatment of Clearing Houses to both entities.
In the event of requiring further information, please contact the Customer Help Desk MAC This email address is being protected from spambots. You need JavaScript enabled to view it.at the telephone (+56) 223 939 001
Sincerely yours,
DEPÓSITO CENTRAL DE VALORES S.A., DEPÓSITO DE VALORES
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