The implementation involves the transfer of US$11.1 billion and establishes a custody infrastructure covering assets worth more than US$16.9 billion in the region.

As part of its roadmap to advance the integration of the capital markets of Chile, Colombia, and Peru, nuam decided to centralize international custody for Peru and Colombia at the Chilean Central Securities Depository (DCV), thereby consolidating a common architecture for regional operations and taking another step toward building a more connected, efficient, and scalable market.

This new framework is part of the infrastructure development initiative led by NUAM and the DCV to strengthen operational capabilities, improve access to international instruments, streamline processes, and continue to enhance interoperability among the three markets.

The implementation involved the migration of 1,641 value instructions with a nominal value of US$11.1 billion, corresponding to the transfer of positions between custodians and international depositories. The model went live on March 23, 2026, following a process of technical and operational coordination that enabled this transition to be executed securely, without affecting service continuity for market participants.

Following this decision, DCV will act as the centralized international custodian for Peru and Colombia, liaising directly with global custodians such as Euroclear and Citibank, and providing services to Cavali, Peru’s Central Securities Depository and Settlement House, and Colombia’s Centralized Securities Depository (Deceval), both under the omnibus account model.

In this way, NUAM continues to make progress in developing shared regional infrastructure, with common standards and capabilities that support greater integration of the Andean market.

The new model is based on a market with over US$16.9 billion in assets in the region, reflecting the scale of this transformation and its importance in continuing to build a deeper, more efficient, and more attractive capital market for local and international investors.

“With this development, we continue to make steady progress in building the infrastructure the region needs to achieve capital markets that are more integrated, efficient, and connected to the world. “The centralization of international custody for Colombia and Peru is a concrete step toward our vision of developing a regional market that is simpler, interoperable, and better equipped to facilitate cross-border investment and expand access to investment opportunities,” said Víctor Durán, senior manager of nuam’s Deposits business unit.

In this regard, Rodrigo Roblero, general manager of the DCV, stated that “this milestone helps further strengthen the operational efficiency of the Chilean market, in a context where consistent processes and coordination among the various stakeholders are crucial. The volume involved in this migration reflects confidence in the DCV’s ability to operate critical services with high standards of predictability and reliability”.

The new framework also incorporates significant structural improvements, as nuam will have direct connectivity from the DCV to overseas depositories or custodians through process automation via ISO messaging, interoperability between depositories via APIs, and the standardization of DvP (Delivery versus Payment) settlement across markets. All of this is implemented without altering participants’ operational relationships with their clients, preserving platforms, schedules, and service levels.

This architecture also paves the way for the future development of new value-added services, such as tax management solutions for institutional investors and potential intraday liquidity facilities, subject to the applicable regulatory frameworks in each country.

With this development, nuam continues to build out its regional infrastructure, which will help boost liquidity, improve operational efficiency, and foster greater integration among Chile, Colombia, and Peru, thereby contributing to the development of more competitive capital markets with a stronger international presence.