Circular Letter N° 322 “Adjustments to the BRAA service”

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

Dear Participants,

The Depósito Central de Valores (DCV) in accordance with the provisions of the current Internal Regulations, informs its depositors that the CUSTODY SERVICE OF OLD SOCIAL SECURITY SYSTEM CONTRIBUTION CERTIFICATES OF PENSION FUND ACTIVE MEMBERS (BRAA) will be available as of June 19th for the pension fund administrators (AFP), the Social Security Institute (IPS), life insurance companies and brokers. This service will be governed by the Rules issued by the Superintendencey of Pensions (SP), by the provisions of numeral 13 of DCV's Internal Regulations and, in the case of AFPs and IPS, by the corresponding addendum or agreement.

The service conditions are contained in the Operations Manual version 6.3 of 2019 of the CUSTODY SERVICE OF OLD SOCIAL SECURITY SYSTEM CONTRIBUTION CERTIFICATES OF PENSION FUND ACTIVE MEMBERS, which was agreed with the AFPs and the IPS. Said This manual contains the method through which the custody of said these bonds will operate in order to comply with the regulations of the pension system of the SP.

According to an agreement between the SP, the AFPs, the IPS and DCV, the start of this new method will start begin next June 19th. Similarly, within the commissioning process of the service, a temporary suspension period has been arranged in the processing of Contribution Certificates, which will go be between June 10th and 14th, prior to carrying out the changes to the service's method.

All of the above will be subject to the formal communication issued by the SP and which will be communicated to the CMF.

Go to the Operations Manual Version 6.3 of 2019

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Sincerely,  

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

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