Circular Letter

Circular Letter N° 362 "New Digital Service - Equity Instruments Deposit and Withdrawal"

Circular Annex Date Reference Status Download
362 YES 08.26.2024 New Digital Service Equity Instruments Deposit and Withdrawal In effect Yes

 

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

Dear Participants,

Depósito Central de Valores informs you of the start of the new Digital Equity Instruments Deposit and Withdrawal Service on Monday, September 2, 2024, incorporating a digitization and automation model in a new platform complementary to DCV Evolution (DCVe), with important benefits for depositors, among which can mention the following:

  1. The creation of electronic transactions that replace the equity deposit and withdrawal transfer form currently being used.
  2. The electronic authorization of transactions that replace the approvals with a physical signature currently made by depositors and DCV.
  3. Depositors will not receive a rejection letter for the rejection of transactions from issuers. The reason for the rejection must be retrieved from DCVe.

The service change adoption strategy considers the following:

  • For a brief period, hereinafter the "transaction period," the new digital service and the current service implemented during the pandemic (notification of transactions via email and the use of a digital form on a spreadsheet) will coexist, highlighting the following:
    • From now on, those depositors who adhere to the new digital service will only be able to use this modality for their deposits and withdrawals, and not the procedure implemented during the pandemic. Due to the above, any transactions received through that procedure will not be processed and will be considered as "not received."
  • After the conclusion of this transition period, which will be informed in a timely manner, only the new digital service will be available, and those depositors who do not adopt it must operate via the physical form with different fees. 

The New Digital Equities Deposit and Withdrawal Service has the same fee available in  DCV's Bylaws, numbers 19.3.5.1 (deposit) and 19.3.8.2 (withdrawal), respectively.

Appointment of legal representatives and witnesses

The new Digital Service requires participants to appoint legal representatives and witnesses to approve/reject transfers or withdrawals with an RSA token provided by DCV as a second factor to authorize transactions.

Please remember that according to DCV's Bylaws, the participant's Security Administrator can enable and assign profiles for the rest of the participant's users, create profiles, and assign the tasks that they may complete through the systems. In consequence, those users who use the system on behalf of the participant are understood to be authorized to issue instructions regarding transactions to DCV and are enabled by the participant through their security administrators.

DCV underscores the fact that considering all the above, it has structured and phased implementation and release, due to which an invitation will be issued soon for an online training session focused on reviewing the details of the new Equity Deposit and Withdrawal digitization platform (main characteristics, the profiles needed, and a practical case.)

Finally, please check the service operation manual.

Digital Equity Instruments Deposit and Withdrawal Manual

Download

May you have any questions, contact your business executive
CEmail: | This email address is being protected from spambots. You need JavaScript enabled to view it.
 

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