The opening ceremony of the assembly, where representatives of the principal numbering agencies at the global level will work for 2 days, was held today in Santiago, with Depósito Central de Valores (DCV) as host.

Santiago, Thursday, November 30th, 2017. With the attendance of the Superintendent of the SBIF, Eric Parrado, the Director of ANNA (Chairman), Dan Kuhnel, and the General Manager of Depósito Central de Valores (DCV), Fernando Yáñez, the opening ceremony of the 70th Extraordinary General Assembly of ANNA, organized by DCV, was held in Santiago. This international organization brings together all Numbering Agencies of financial instruments of the world and pursues the global adoption of common identification standards in order to make the global financial market more efficient and secure.

At the opening, the Superintendent of Banks and Financial Institutions, Eric Parrado, noted that these types of meetings were important for the discussion and adoption of common criteria among the financial markets of different countries, in order to face the great technological revolution, which has affected all fields, including the financial markets.

In this regard, he stressed that “new technologies can improve market failures, provide more transparency, efficiency, etc.”

Meanwhile, the General Manager of DCV, Fernando Yáñez, briefly reviewed the history of the company, remembering that it is the only company acting as custodian of financial securities in Chile, since its creation in 1993. At this time, DCV has 375 billion dollars in securities custody and currently works with about 85 clients in the financial market.

JAlong with this, he highlighted the possibility of sharing experiences with similar entities from other countries charged with registering securities in other markets and being able to jointly address important issues for this sector, highlighting ANNA’s role in setting common practices and standards for this industry. “Several important and interesting issues for the industry will be addressed in this assembly, which will be discussed by the representatives of the active members of ANNA, which may also know the local realities of each country,” he said.

This meeting of ANNA will last until tomorrow, December 1st, at the Intercontinental Hotel in Santiago.

About ANNA:

ANNA (Association of National Numbering Agency) is the international organization in charge of assigning unique identification codes to each new instrument issued worldwide. Its greatest achievement was the global adoption of a common standard to identify instruments, the ISIN (International Securities Identification Number) code according to ISO 6166 standard.

The financial market instruments of more than 120 countries are identified with ISIN. Regardless of where the instrument is issued, this code allows identifying, recognizing and trading it virtually, between buyers and sellers from anywhere in the world.

ANNA acts in different countries through different local agencies performing this task. In the case of Chile, Depósito Central de Valores (DCV) is in charge of this task.

DCV is a member of ANNA since October 26th, 2001 and is the official numbering agency for instruments in Chile. Twice a year, the association meets with its members in order to discuss industry issues such as: compliance, services, quality, international standards such as ISO, general guidelines for ISIN codes, etc.

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