Circular Letter N° 336 “Differentiated Discount to be applied in the rates of the depository service of dematerialized issuances issued by the Central Bank of Chile”

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27 May 2021 Circular Letters Hits: 199

Circular	Annex	Date	Reference	Status	Download
336	No	05.27.2021	Differentiated Discount to be applied in the rates of the depository service of dematerialized issuances issued by the Central Bank of Chile	Valid	No

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

Dear Participants,

The Depósito Central de Valores (DCV) informs, in accordance with the provisions of number 19.12 of its Internal Regulations, that DCV’s Board of Directors, in its board meeting held last Tuesday, May 25th, 2021, agreed to implement a differentiated discount on the rate of the depository service of dematerialized issuances issued by the Central Bank of Chile (BCCH), detailed in number 19.3.5.2.1., No. 4 of DCV’s Internal Regulations. This discount will be calculated based on the nominal value, expressed in unidades de fomento, deposited in the accounts of each participant (user of the service) and will be applied according to the following tranche structure:

Differentiated discount

Nominal Amounts Deposited (Expressed in UF)
From	Up to	Discount %	Final Rate
0	20,000,000	0%	0.00050%;
20,000,000	40,000,000	35%	0.00033%
More than 40,000,000		65%	0.00018%

This discount will take effect from the invoice of May 2021; it will be applied monthly, and its permanence will be evaluated according to the development of the special measures program implemented by BCCH.

PFor more information, we invite you to contact the
Customer Service Desk, MAC

This email address is being protected from spambots. You need JavaScript enabled to view it. +56 223 939 001

Without further ado, sincerely,

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

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