Circular Letter | Annex | Fecha | Reference | Status | Download |
259 | YES | 11.05.2014 | The Foreign Securities Exchange Service informs it has started to trade and pay in local currency. | Effective | YES |
DEPÓSITO CENTRAL DE VALORES S.A.,
DEPÓSITO DE VALORES
Dear Participant
On the occasion of the Central Bank of Chile agreement N°1820 “Authorization to trade and pay in local currency foreign securities subject to public offer in the local market”, published in the Official Gazette of May 5 of this year, in conformity with Article 184 of the Law N°18.045 of the Securities Market, we hereby inform that as of this date Depósito Central de Valores (DCV), the Santiago Stock Exchange and CCLV Central Counterparty have made the required modifications in their systems and internal procedures in order to incorporate this new modality.
In light of the preceding, we inform you that changes have been made to the DCV International Custody Service Operations Manual, particularly in point 2.4.9, which version may be downloaded from the enclosed link.
Download manual (SPANISH ONLY)
Also, in order to comply with the requirements set by the Central Bank of Chile to grant the referred authorization, contained in Number III of the mentioned agreement “Custody and information on transactions in the local securities market”, DCV will require the pertinent authorizations from participants through the Participants Registration Form (FRD) available on our web site.
The modifications to the form of transaction and payment currency will become effective as of December 1, 2014.
We invite all participants to learn about the benefits of this change and to contact the International Customer Help Desk InterMAC at the email
Sincerely yours,
DEPÓSITO CENTRAL DE VALORES S.A.,
DEPÓSITO DE VALORES