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Thanks to the early training process and the market tests, DCV Evolution’s team has been able to incorporate lessons that will be considered in the training stage for the entire market.
Work is underway on the DCV Evolution (DCVe) project that will be launched in the market next November. Beginning in 2016 with the search for a strategic partner in technology matters and this year it will be concluded. This important project consists of the renewal of the CORE application, improvements to current business processes, and the incorporation of the best international practices in the securities depository industry. For this, DCV signed a strategic alliance with Nasdaq, a company of renowned international prestige and with strong technological capacities.
The new DCVe system needs the joint participation and cooperation of the entire market, since it will be simultaneously activated. Consequently, training the market is a critical element for its proper use. For this reason, early training had been already carried out in October 2020 for companies that carried out the first tests of the market. For the coming months (April-June) a training plan is considered that includes market tests and learning workshops. This same type of activities is considered for July to September.
Precisely thanks to the early training process and market tests carried out beforehand with a small and representative group of all the sectors, the DCVe team has been able to use and apply the lessons learned, and which will be used in the training stage for the entire market.
Internal work
Internally, the DCV staff in charge of this project is working on the internal acceptance stages, both at a software and management level of the new platform; similarly, they are working on the closing of the “change requests” process, the new operational transformation processes, the training of internal teams, client training, market testing and preparation of its launch (known as “preparation for day 0”).
DCV confirms its commitment to provide the necessary knowledge to successfully face the start-up of the system in November.
To know the details of the plan, activities and dates, we invite you to review this presentation on our website.
In due course we will inform you the details of each of the stages indicated above. We are especially interested that everyone participates in this process in order that we can all achieve the modernization of the custody of the securities market.
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