DCV News

DCV reaches historical Custody record during February
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DCV had an excellent start to 2017, in its role as the principal custodian of securities.

In February of this year, DCV achieved a record of investments held in custody, totaling UF 8,017 million in deposits: this amount equals USD 328,000 million and represents nothing less than 1.17 times Chile’s GDP

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This is a significant milestone for the Company. It implies a 13.9% increase compared to the amount recorded during the same month of 2016, and a 0.3% increase compared to January, which reflects the trust that both domestic and international investor clients have placed in DCV’s work, an entity that has been established as one of key players of the Chilean stock market.

“We celebrate this historical peak of securities held in custody with DCV, which has allowed us to surpass the UF 8,000 million threshold. DCV’s better position in the various target markets has been a joint effort between the Company and its collaborators, which has lead us to increase our search for new depositors, to establish new alliances with global custodians and to increase the offering of available services, adjusted to the needs of clients in the financial market”, stated Fernando Yañez, DCV’s General Manager.

It should be noted that this record, while occurring in a scenario of economic slowdown in the country, indicates that investors are interested in remaining active in the financial markets.

In the same way, it is worth mentioning the growing trend in the amounts held in custody with DCV throughout its history, which has allowed it to go from a total investment portfolio of UF 2,364.9 million in 2000, UF 3,798.7 million in 2005, totaling UF 5,666.8 million in 2010, reaching UF 6,888.8 million by the end of 2016.

In light of the preceding figures, between year 2000 and February 2017, the total portfolio held in custody has had a significant growth of 239%.

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DCV’s projections for 2017 are aimed at a 3-4% growth in the total portfolio held in custody, compared to figures recorded in 2016. Following February’s record, the Company is optimistic that it will achieve this goal, with the implementation of new services for our depositors, and a rebound in financial activity in the second half of this year.

 DCV Noticias March 2017