ACSDA 2019 General Assembly Annual Report on activities and achievements

ACSDA – IDB Regional Public Goods Initiative Work on this initiative began back in January 2015 Months of effort culminated in the submission of ACSDA’s Proposal on April 7th, 2016: “Strengthening Compliance on a Regional Basis with the Global Principles for Financial Market Infrastructures”. On July 20, 2016, ACSDA was advised by the IDB that its project was approved under the Regional Public Goods (RPG Initiative) and awarded our project USD 306,815.35. In March 2016 Grupo de Consultores Interamericanos (GCI) were awarded with the contract for the project. GCI was composed of Cecilia Humphrey, Vicente Lazen, Monique Moura, Mary Ann Callahan, and Loretta Stack. May 22 – 24, 2017 the project Workshop was held for the project participants in Panama City and was attended by more than 50 delegates. The project ran until November 2018 and met the objectives set out in our proposal to and agreement with the IDB. ACSDA Secretariat had responsibility for project management and coordination, organization of the Project Steering Committee, project reporting and liaison between ACSDA, the project participants and the IDB.

Participating Members Participating ACSDA Members (16 members from 15 Markets) * Benefiting CSDs Argentina – Caja de Valores S.A. Barbados* – Barbados Stock Exchange Bolivia* – Entidad de Depósito de Valores de Bolivia S.A. Brazil – Balcão Organizado de Ativos e Derivativos Colombia* – Depósito Centralizado de Valores de Colombia Deceval S.A. Costa Rica* – Interclear Central De Valores S.A. Chile - Depósito Central de Valores S.A. Dominican Republic* – Depósito Centralizado de Valores, S. A. El Salvador* – Central de Depósito de Valores S.A. Guatemala* – Central de Valores Nacional S.A. Jamaica* – Jamaica Central Securities Depository Mexico – S.D. Indeval, Institución para el Depósito de Valores S.A. de C.V. Panama* – Central Latinoamericana de Valores, S.A. Paraguay* – Bolsa de Valores y Productos de Asunción S.A. Peru* – Cavali S.A. I.C.L.V. Uruguay* – Banco Central del Uruguay, Bolsa de Valores de Montevideo Also Participating * Bermuda – Bermuda Stock Exchange

ACSDA – IDB Regional Public Goods Initiative This undertaking was by far the most ambitious in ACSDA’s 20 year history. I wish to acknowledge the contribution of the following … Jorge Jaramillo, whose vision and effort in promoting the potential of this project were instrumental in ACSDA obtaining IDB support. The IDB, under the Regional Public Goods (RPG Initiative) for awarding our project USD 306,815.35 in matching contribution funding and working in partnership with ACSDA to complete the project. Grupo de Consultores Interamericanos (GCI) Cecilia Humphrey, Vicente Lazen, Monique Moura, Mary Ann Callahan, and Loretta Stack for their hard work and professionalism throughout the project. GCI went well beyond what was contractly required of them for the project. The project participants who gave of their time to serve as members of the Project Steering Committee. Each of the participating member organizations, particularly those who gave of their time and expertise to help other CSDs in the process of completing their self-assessments. Viviana Beltran for all her hard work in support of the administration and communication related to the project

ACSDA – IDB Regional Public Goods Initiative The final project activity is the “audit” of the project results in relation to the Project objectives. In that context, each participating organization will be contacted by the IDB appointed auditor(s) to review the results on a CSD by CSD basis.

Education Cyber Security Workshop Held in Downtown Miami (Hyatt Hotel) Two-day event November 29th and 30th, 2018 54 delegates making this our largest non-General Assembly event in more than a decade. Only half of ACSDA member CSDs participated Expert speakers from member CSDs and a wide variety of supporting organizations in including: SWIFT, EY, Central Bank of Mexico, Nasdaq, Euroclear, Depository of India An online survey of delegates was conducted following the Workshop

Workshop Feedback

Workshop Feedback

Workshop Feedback

Workshop Feedback

Communications Inform about ACSDA related topics, strenghtening relations and communications with stakeholders, improving understanding and transparency in all our communications, internal and external Objective  Email Website Linkedln External Entities CHANNELS ACSDA appeared in the 6th and 7th WFC newsletter during 2019 First Newsletter: July 9 2017 Effectiveness: 98% -DB: 500 emails through web form Data updated for ACSDA event participants 6 ACSDA newsletters during 2018 / 2019 Started in November 2017: 40 Followers Status in March 2019: 104 Followers, approx. 45 visits / month Website overall visits: 4.656 Newsletter section visits: 122 # visits since (# % up since Feb 2018)

World Forum of CSDs (WFC) The WFC is composed of the five regional CSD associations, which together represent approximately 125 member CSDs: Asia - Pacific CSD Group (ACG) Americas’ Central Securities Depositories Association (ACSDA) Association of Eurasian Central Securities Depositories (AECSD) Africa & Middle East Depositories Association (AMEDA) European Central Securities Depositories Association (ECSDA) ACSDA continues with WFC Board membership and active in WFC initiatives.

WFC Fact Book An initiative of the five regional CSD Associations under the umbrella of the WFC ACSDA has been actively involved in the Working Group charged with the Fact Book Development ACSDA is hosting the Fact Book platform using Plotwebs (our website managers) Objective: The objective of World CSD Fact Book is to gather and present consolidated information/standardized data on the CSD industry Worldwide. This information will provide a useful perspective and basis of comparison for individual markets and CSDs. Target Audience Principle Audience - the CSDs for both raw and consolidated data including their staff, Board and Committee members. Secondary Audience - Regulators and Regulatory Bodies, Governments, Stock Exchanges and other Stakeholders such as Custodians, Investment Funds, Institutional investors, Industry Associations etc. Other Audiences - Students, Academic Institutions, Consultants

WFC Fact Book CSD Fact Book Content Organization Ownership Profit aim Annual Revenue Banking license Number of employees Services provided and developments/initiatives Links with other CSDs Market structure Settlement Model and Settlement Cycle Account Structure and form of custody Number and type of Participants Eligible issues by instrument type Statistics Value on deposit by instrument type Number of transactions Number of Accounts

Central de Depósito de Valores S.A. – El Salvador

WFC Fact Book ACSDA members who have completed the Fact Book as of March 16 16 of 30 members Depósito Central de Valores S.A. (DCV) Chile TMX Group - CDS Canada CAJA DE VALORES S.A. (CVSA) Argentina S.D Indeval, Institución para el Depósito de Valores S.A de C.V Mexico B3 - Central Securities Depository Brazil Barbados Central Securities Depository Inc. Barbados Banco Central del Uruguay Uruguay Central de Depósito de Valores, S.A. de C.V. El Salvador Bolsa de Valores & Productos de Asuncion S.A. Paraguay Bahamas Central Securities Depository Bahamas Entidad de Deposito de Valores de Bolivia S.A. (EDV S.A.) Bolivia Strate (Pty) Ltd South Africa Central Latinoamericana de Valores, S.A. (Latin Clear) Panama JamClear CSD Jamaica Banco Central del Ecuador Ecuador InterClear Central de Valores Costa Rica

World Forum of CSDs (WFC) Other WFC initiatives ACSDA continues with active WFC Board membership Co-chair of the Single Disclosure Framework E-learning platform - lead by representatives from the Russian CSD (CSD) and using a platform originally created by Strate, the on-line platform for the delivery of CSD related training is available to all WFC members Management of the host site for the Single Disclosure Framework and Fact Book WFC 2019 Conference Steering Committee

WFC 2019 - Marrakech April 8th – 12th in Marrakech, Morocco Four days beginning with a meeting of the WFC Board ACSDA representatives are participating in a number of panels www.wfc2019.net

We continue to strive for this level of SUCCESS The real measure of success for ACSDA as an Association is the active engagement of all its members We continue to strive for this level of SUCCESS