Depósito Central de Valores (DCV) informs that in the “DCVe Today” Newsletter, we will be reporting the changes, benefits, recommendations, and any relevant topics related to the operation of the new DCVe Platform with which we have already become familiar in the 2021 General Training Plan.
Graphic Interface: The information is valid only for issuers and considers those topics that have been subject to changes in the DCVe Platform, as follows:
Service / Scope
Change in DCVe
Link
1
Local Custody / Migration of Securities Accounts to be Issued
In the current system, issuers can deposit their new issuances in a “securities to be placed” account, which allows them to access benefits in the application of fees. The account known as “securities to be placed” displays the following structure: coddep-09-X, for example, 01001-09-0.
In the DCVe Platform, those accounts will be replaced by distribution accounts which are technical accounts that allow issuers/placement agents to deposit issuances that are not placed in the market. All new issuances must be deposited in these types of accounts.
The accounts currently used to deposit new issuances (09) will be migrated as own securities accounts.
Some considerations for the migration of balances currently held in 09 accounts:
Depositors that keep holdings to be issued in different accounts must transfer these holdings from the preparation of the Go Live to the distribution account assigned by DCV to each issuer depositor.
Only those holdings kept in “09” accounts migrated to the new DCVe Platform will be considered for billing as a “securities to be placed” account. This consideration will be temporary and valid for one month from the preparation of the Go Live to give some time to issuer depositors.
In DCVe and once in operation, only those holdings kept in distribution accounts will be exempt from custody fees (unlike currently where this exemption applies to all their own accounts) and from the corporate action process.
If depositors keep holdings/issuances “not placed in the market” in accounts other than account 09, it is recommended to transfer them to the 09 account before the migration.
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We are getting closer to the change that will streamline the DCV services platform, providing a modern and improved user experience.
We would like to thank you for your commitment to the DCVe project, and we invite you to stay tuned to the information that will be emailed to you and posted on DCV’s website, under the DCV Evolution Menu, in the Release section.
Look for us as DCVe Today!
Should you have any questions, please contact your executive or send us an email to:
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Kind regards, DEPÓSITO CENTRAL DE VALORES S.A., DEPÓSITO DE VALORES
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