The current global trend aims towards the simplification of processes and transactions. Not only in the financial field, but also seeks to replicate it in all areas. This is because it is keeping people in the center of the business, constantly thinking about how to make life easier and generate the best possible experience for the clients.

The digital issuance of documents that is being implemented in the financial field allows for saving cost and time, involves lower risk, simplifies paperwork and it represents a step further in the modernization of the Chilean securities market by providing companies with greater operational efficiency.

In many cases, the use of digital tools seeks to boost transactions whose order has already been given by the clients, who expect a favorable result of the process, and it helps to stimulate the economy.

The local financial market has made a part of its mission to be at the forefront in this area and follow the great technological advances that create new habits and paradigms each day and require us to be in constant evolution.

In this context, the Depósito Central de Valores (DCV) together with the Banks and Financial Institutions Association (ABIF) worked on the implementation of the Electronic Pledge Registry Service (REP) for the granting and release of pledges electronically. This is done through the delivery of possession or endorsement as guarantee of the Position Certificate issued by DCV, which evidences the securities to be given as guarantee, thus avoiding any notary notice. A matter that does not go unnoticed for the companies in the sector, since this agreement has allowed the Electronic Pledge Registry to grow by 55% and shows that the industry is adapting to automated schemes as it is being done internationally.

 DCV News November 2016