Dear Participants

Depósito Central de Valores in conjunction with the Association of Banks and Financial Institutions have agreed on the implementation of the Electronic Pledge Registry (REP) for the constitution and redemption of pledges that allows DCV Participants significant saving of time and costs associated with these processes.

The REP Service allows for the creation of specific pledges through the material delivery or endorsement as guarantee of the Position Certificate issued by DCV, and which accounts for the securities to be given as collateral (Article 14, Law 18876) and then, its electronic notification to DCV, without requiring any further formality.

The following chart shows a comparative example of the costs when using the REP service versus notarial creation:

CONTÁCTENOS

In the event of requiring further information, please contact DCV Commercial area at the email This email address is being protected from spambots. You need JavaScript enabled to view it., or the telephone (+56) 223 939 000.

Sincerely yours

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

Noticias de servicios