Depositors may create, modify, assign, release, and execute pledges on securities held in custody through direct instructions in the platform provided by DCV without the need for deeds or notarization.
The collateral may be established over any security held in custody at DCV, whether domestic or international in nature.
This type of pledge serves to guarantee certain types of operations, such as intraday loans, financial derivatives transactions, capital call processes, and other obligations involving securities.

Depositors or principals (institutional or qualified investors, the latter through their depositors).

• Reduced costs and time: 0.3 UF per special pledge instruction vs. approximately 5 UF for a notarized pledge.
• Fast pledge creation: 1 minute vs. 5-7 business days for a notarized pledge.
• 100% digital process, no notarized deed required.
• Swift and effective execution allows assets to be auctioned publicly. No need for court proceedings or litigation.

Depositors can:
(1) Register pledges: formalizing the creation of a pledge and ensuring its enforceability against third parties.
Note: For pledges constituted under Chilean law over securities held abroad, depositors may use any registration system made available by the company, including the Electronic Pledge Registry Service (“REP”), provided that such guarantees are in favor of a depositor or principal.
(2) Consult pledges: review the status of the pledged securities—available or blocked (pledged).
(3) Modify pledges: update the pledge terms, such as changes to the guaranteed amount or the conditions of the obligation.
(4) Release: record the extinction of the pledge once the secured obligation has been fulfilled.
(5) Assignment: record the change in the pledgee.

Depositors and their principals, always through the depositor

• Depositors can streamline their business flows by replacing notarial pledges with electronic registration.
• Fast processing of registration or release instructions (under 1 minute).
• Certificates and reports with advanced electronic signatures are available in the depositor’s private inbox—serving as supporting documentation to verify the status of the pledge.
• Online access to real-time information on the status of the securities (blocked or available balances).

We facilitate the registration, modification, assignment, and release of such pledges.
This type of pledge is mainly used when:

• The pledgor or pledgee are not users of the REP or Special Pledge services.
• The pledgee or pledgor are REP or Special Pledge users, but the securities owner is not a qualified or institutional investor. The client prefers to use a notarial pledge instead.

• The pledgor (owner of the securities) must be either a depositor or a principal.
• The pledgee (secured party) may be a third party who is not necessarily a depositor or principal.

No annex or formal agreement is required, but the process is slower and more expensive.

We provide custody infrastructure to safeguard A1-rated instruments in accordance with the law, specifically by issuing the custody certificates required by SERNAOGEMIN (the Chilean National Geology and Mining Service) for companies in the mining sector.

Mining companies operating in Chile (no need to be a DCV depositor).

• Backing from DCV for the issuance of the custody certificate required by SERNAOGEMIN.
• Ensures compliance with Law 20.551.

This service forms part of the obligations arising from the custody of securities and book-entry records.
We ensure compliance with applicable legal provisions, such as the freezing or judicial attachment of securities.

Only debtors who are depositors with an own securities account or a segregated investor account.

• Certainty that the securities cannot be transferred.
• DCV is responsible for maintaining the freeze until a release order is formally received.