Greater ease for operating sovereign bonds

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20 August 2018 Services News Hits: 688


DCV and EUROCLEAR They have worked together to implement improvements to the existing association between them. Thus, allowing greater access to sovereign bond sales transactions issued in Chile with foreign investors (participants of Euroclear). WHAT IS THE BENEFIT? It allows non-resident Chilean intermediaries to access the DCV International Custody Service, either directly or through an individual client account, being able to conduct sovereign bond transactions with non-resident foreign investors and settle them in the Euroclear system in dollars or other currencies. HOW TO ACCESS THEM? The Depositors, which are DCV’ International Custody Service clients, must open through DCV, a segregated or nominee sub-account in Euroclear’s registries for the Non-Resident entity. This background information will then be reported to the Central Bank of Chile to comply with the rules of Chapter XIV of the Compendium of Foreign Exchange Regulations (CNCI). In addition, a mandate shall be signed between the Depositor and the Non-Resident Entity acknowledging the service conditions and the Depositor’s capacity to act on behalf of the Principal for all relevant purposes. CONTACT US! If you wish more information, you can reach us by phone at +56 223 939 338 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it. DCV News

DCV and EUROCLEAR

They have worked together to implement improvements to the existing association between them. Thus, allowing greater access to sovereign bond sales transactions issued in Chile with foreign investors (participants of Euroclear).

01 euroclear 20 08 2018 esp

WHAT IS THE BENEFIT?

It allows non-resident Chilean intermediaries to access the DCV International Custody Service, either directly or through an individual client account, being able to conduct sovereign bond transactions with non-resident foreign investors and settle them in the Euroclear system in dollars or other currencies.

02 euroclear 20 08 2018 esp

HOW TO ACCESS THEM?

The Depositors, which are DCV’ International Custody Service clients, must open through DCV, a segregated or nominee sub-account in Euroclear’s registries for the Non-Resident entity. This background information will then be reported to the Central Bank of Chile to comply with the rules of Chapter XIV of the Compendium of Foreign Exchange Regulations (CNCI).

In addition, a mandate shall be signed between the Depositor and the Non-Resident Entity acknowledging the service conditions and the Depositor’s capacity to act on behalf of the Principal for all relevant purposes.

CONTACT US!

If you wish more information, you can reach us by phone at +56 223 939 338 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.

DCV News