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Claudio Garín, Business and Customer Experience Manager of Depósito Central de Valores (DCV), refers to the issuance and custody infrastructure that the company enabled to implement the mechanisms of the Electricity Tariff Stabilization Fund.
In the context of the Electricity Tariff Stabilization Fund created by Law 21472 of 2022, DCV informed about the creation of a solution for the registration of issuance, custody, and settlement of "Payment Documents" in favor of power generating companies, thus providing the necessary technology and operational infrastructure for this process.
The proposal considered understanding the customer's needs and operational, legal, and technological aspects to articulate a solution associated with the issuance of instruments and an operational design managed by DCV Asesorías y Servicios which, working in coordination with the General Treasury of the Republic, the Ministry of Finance and BID Invest, created and transferred the first 200 payment instruments.
"DCV has the ability to create solutions that respond to the needs of the capital market. We are always available to support our clients. This is also possible due to the continuous work in the Depositors Committee," said Claudio Garín, Business and Customer Experience Manager at DCV.
Through this new technology infrastructure, DCV created the "electronic bond" for these companies, making the process more expedited for all stakeholders and cooperating in a country project, providing a digital solution to put it into practice through a safe and transparent system for all.
Clementina Torres, DCV Operations and Processes Manager highlighted: "Over the past 30 years, we have strived to be at the forefront of the industry, always promoting innovation in the provision of new services and technological development. Due to this, we are proud to have participated in creating this new instrument and the operational infrastructure to support it."
Regarding the above, Juan Daniel Vargas, Head of Corporate Finance and Financial Planning of Enel Generación Chile S.A., said that "having DCV as the infrastructure provider has been very useful. We have been able to trust custody experts and have highly secure processes that have provided us the peace of mind to carry out this project."
"We have had the support of a human team with an incredible willingness to solve our questions and inconveniences at all times. Knowing that we can reach out to DCV and ask for their help is highly valuable to our business, whose main focus is energy; a very different world from the financial world," added Verónica Barros, Senior Legal & Corporate Counsel of Generadora Metropolitana.
This solution reflects the hard work of the company's team in the quest for operational efficiency through technology streamlining, where through agile and structured meetings methodologies with clients and stakeholders, "we articulated a proposal in record time that was adapted and adjusted in terms of its capacity to ensure the quality, technical and legal robustness required," said Claudio Garín.
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