DCV and DCV Records completes SAS 70 Type II process

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11 July 2012 News Headline Hits: 466

The annual process of revision and independent opinion SAS70 type II in DCV and DCV Records finishes
Dear Participant: Santiago, monday, january 30th, 2011 The report issued by the auditing firm Ernst & Young, regarding the effectiveness of the internal control structure of the organization in operation, has been presented without comments. For the fourth consecutive year and voluntarily, DCV submitted to the audit process SAS70 type II ,that during six months thoroughly evaluates the achievement of the control objectives declared by the organization. The standard SAS70 defines two types of reports, which can be Type I or Type II. In the first, the organization is described in a specific point of time, while Type II, is more complete, as it not only includes the description of the controls but involves the testing of the service controls during a minimum period of time of six months. The report consists of a revision of the customer- facing services that the company provides. DCV started the process in june and successfully finished it in november 2010 and as in years 2007, 2008 and 2009, the independent opinion issued by Ernst & Young regarding the effectiveness of the internal control structure of the organization, has been presented without comments (Clean Opinion). The elements that are evaluated in the process are: the objectives and declarations of control, design evaluation and existence of these and their effectiveness for the evaluated period. The tables show the list of processes that are audited in the report: The main benefit is to have an independent evaluation regarding the control procedures of the organization, delivering the company a “reasonable” safety level of the integrity of the established controls in the various processes of business and systems. It allows concentrating the auditing processes requested by the clients in one big process, identifying the more critical processes. In summary, it allows DCV to have backup regarding the appropriate control environment where the services are rendered, placing the company at the same height of the most demanding international standards. NEWS DOWNLOAD PDF FORMAT Depósito Central de Valores; Depósito de Valores S.A. Fernando Yáñez González General Manager

The annual process of revision and independent opinion SAS70 type II in DCV and DCV Records finishes

Dear Participant:

Santiago, monday, january 30th, 2011

The report issued by the auditing firm Ernst & Young, regarding the effectiveness of the internal control structure of the organization in operation, has been presented without comments.

For the fourth consecutive year and voluntarily, DCV submitted to the audit process SAS70 type II ,that during six months thoroughly evaluates the achievement of the control objectives declared by the organization.

The standard SAS70 defines two types of reports, which can be Type I or Type II. In the first, the organization is described in a specific point of time, while Type II, is more complete, as it not only includes the description of the controls but involves the testing of the service controls during a minimum period of time of six months. The report consists of a revision of the customer- facing services that the company provides.

DCV started the process in june and successfully finished it in november 2010 and as in years 2007, 2008 and 2009, the independent opinion issued by Ernst & Young regarding the effectiveness of the internal control structure of the organization, has been presented without comments (Clean Opinion).

The elements that are evaluated in the process are: the objectives and declarations of control, design evaluation and existence of these and their effectiveness for the evaluated period.

The tables show the list of processes that are audited in the report:

procesosdcv-eng

procesosdcvreg-eng procesoscgti-eng

The main benefit is to have an independent evaluation regarding the control procedures of the organization, delivering the company a “reasonable” safety level of the integrity of the established controls in the various processes of business and systems.

It allows concentrating the auditing processes requested by the clients in one big process, identifying the more critical processes. In summary, it allows DCV to have backup regarding the appropriate control environment where the services are rendered, placing the company at the same height of the most demanding international standards.

NEWS DOWNLOAD PDF FORMAT

Depósito Central de Valores; Depósito de Valores S.A.

Fernando Yáñez González

General Manager