Regulation No. 432 of the CMF extends the financial instruments that may be held in securities depositories

Dear Participants:

We are pleased to inform you that through an official statement dated March 18th, 2019, the Commission for the Financial Market (CMF) issued Regulation No. 432, which extends the range of financial instruments that may be deposited in securities depository and custody companies subject to Law No. 18,876.

Among the instruments that may be deposited are the following:

• Invoices
• Certificates representing products issued in accordance with Law No. 19,220
• Aquaculture, mining or other types of claims, environmental permits and certificates proving ownership over rights regarding said claims or permits
• Certificates of Deposit
• Standby letters of credit issued by banks with a risk rating of at least A or equivalent
• Bank Documents issued by local or foreign banks
• Derivative contracts
• Contracts with repurchase clauses or purchase commitments of securities
• Certificates of Guarantee
• Performance Bonds

For DCV, the regulation means expanding the Company’s own functions as a securities depository while expanding the range of products and services to other instruments.

“We are very pleased with the publication of Regulation No. 432 by the Commission for the Financial Market since it broadens the range of financial instruments that may be deposited at DCV.”

Fernando Yáñez. General Manager