DCV and BCI Corredores de Bolsa promote the Foreign Securities Market
Santiago June 20th, 2019.- The Depósito Central de Valores (DCV) and BCI Corredores de Bolsa signed an agreement to promote the Foreign Securities Market, and its more than 200 registered instruments, among them, the Exchange Traded Funds (ETFs) issued in the United States, and American equity stocks.
The Foreign Securities Market is a service that allows to trade locally financial instruments issued abroad, being able to settle them locally in Chilean pesos or dollars. This platform provides an alternative for investors so they can diversify their investment portfolio with instruments issued abroad. Thus, being able to acquire them in a manner equivalent to those issued locally.
The only condition is that these foreign instruments are registered in the Registry of Foreign Securities of the Commission for the Financial Market (CMF). The preceding is in order to allow their public offering and facilitate their transaction in Chile, pursuant to Title XXIV of Law 18,045 and the complementary regulations issued by the regulator.
“This type of market provides access to acquire, settle and custody using all the national custody infrastructure and guarantees of security that we offer at the Depósito Central de Valores. Our role is to be the international custodian of foreign securities regarding operations carried out in the local market”, explained Javier Jara, DCV’s Commercial and New Businesses Manager.
Regarding the type of investor that can access this market, Javier Jara explained that all depositor clients of the International Custody Service of DCV can use it directly. “However, the investors of our depositors who have an interest in foreign securities can also have indirect access to it,” he added. This service allows DCV to date to maintain over US $ 4,422 million in custody.