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Circular No. 321
Circular Annex Date Reference Status Download
321 YES 05.20.2019 Changes to the International Custody Service for the Foreign Securities Market Valid YES

DEPÓSITO CENTRAL DE VALORES S.A.,
DEPÓSITO DE VALORES

Dear Participants

According to the information contained in Circular No. 320 dated April 30th, 2019, as of June 3rd, 2019, the Depósito Central de Valores (DCV) will custody the securities related to the Foreign Securities Exchange service (BVE) directly in the Depository Trust Corporation (DTC-USA), in an account opened especially for this purpose.

Considering the preceding, we request all service participants that the operations that have a settlement date as of June 3rd, 2019, be instructed according to what is provided below in the Electronic FROI.

Service Foreign Securities Exchange (same service is maintained)
Custody DTC-BVE (the custodian changes)

The remainder of the instruction details remain unchanged.

Funds for purchase operation

The funds (USD) for the settlement of purchase operations must be sent to the same DCV account that is currently sent to Citibank NY. For more details, see the International Custody Operations Guide, available at www.dcv.cl.

New settlement instructions to foreign counterparts:

On the other hand, as a result of this change, we request the users of the service to inform their counterparts abroad of the new settlement instructions (SSI), which will be effective on the aforementioned date:

  Valid Instructions Instructions as of the settlement date 06/03/2019
Custody Deutsche Bank DTC
Custody country United States United States
DTC Account 2690 4180
Deutsche Bank DCV’s Account N° 153-02510-14 N/A

We remind you that the custody service of DCV through DTC-USA does not contemplate arrangements related to the recovery of tax benefits or their reclassification.

If any Depositor wishes to obtain these benefits, it must instruct the transfer of its securities to the custody of DCV in Euroclear, where the procedures described above will be available. Accordingly, the Depositor will be responsible for ordering this transfer.

Finally, and in accordance with the provisions of Section 16.1.1 of DCV’s current Internal Regulations, Participants are informed on the new version of the International Custody Operations Guide that incorporates the aforementioned changes.

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For more information and details, please contact the International Customer Service Desk, InterMAC, at  This email address is being protected from spambots. You need JavaScript enabled to view it..

Sincerely,

DEPÓSITO CENTRAL DE VALORES S.A.,
DEPÓSITO DE VALORES

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