1. DEPÓSITO CENTRAL DE VALORES S.A.
New Services

2. 30% DCV’s Properties Company 23% 10% 6% 1% Corporate Governance
CORPORATION
Private entity incorporated in March 1993, commencing operations in September 1995.
LEGAL FRAMEWORK
Subject To Law and DL
SUPERVISION
Office of the Superintendent of Securities and Insurance.
Sociedad Interbancaria de Depósito de Valores S.A. (Banks)
30%
Inversiones DCV S.A. (AFP)
Bolsa de Comercio de Santiago
23%
DCV Vida S.A.
(Insurance Company)
10%
Inversiones Bursátiles S.A.
(Electronic Stock Exchange) 6%
Bolsa de Corredores de Valparaíso y otros 1%
Corporate Governance
10 Board Members
4 Board Committees
Business Committee
Auditing and Operational Risk Committee
Technological and Processes Committee
Human Resources and Compensations
Committee

3. Company
Numbers – APRIL 2016
DIRECT PARTICIPANTS
192
286
MANAGEMENT OF REGISTERS
1.711
OPERATORS
156
DEBT ISSUERS
UF millions
Includes domestic and international custody
Custody
USD 282 billons
Some figures interesting for share with you:
We had more than 310 billion dolars a year ago, but , considering the depreciation of our currency today is almost 250 billion. In local currency is growing year a year and our amount in custody represent 1,2 GDP
Important thing to mentioned is: since 2001 DCV only acept in custody desmaterialize securities …. So, the 3 % of phisical are securities issed before 2001 a long term… we have to waith for their maturity.
TRANSACTIONS IN APRIL
96,6%
SECRITIES ISSUED IN A DEMATERIALIZED MANNER

4. DCV Area Objectives Deputy Business Projects Management
Explore and study new services or enhancements to those already existing, allowing the DCV to grow in terms of offering added value to its depositors
Determine the principal product characteristics from the business, regulatory, financial and operational perspectives
Assure that the implementation of services complies with the policies and methodology set by DCV for the development of products.
Manage the launching phase for internal and external customers
In relation with our Servicies we Split them in:
National Custody with represent the core business and probably similar than any other CDS
Internationa Custody Services: Since 5 year ago DCV have been offereing international services in diferentes áreas: NOMBRARLAS……I am going to explein this deeper en few moments
TRADE REPOSITORY SERVICES FOR OTC DERIVATIES Since 4 years we have been ofereing this service for our participants and we have been growing year a year, even though today we have competition with a local CCP for derivaties belonging to the bank called COMDER.
And
Since 2000 we created a subsidary called DCV Registros which provide transfer agent services to the local corporation and Investments and Mutual Funds… we actually have almost all the market working with us.
DCV
REGISTROS

5. Project Portfolio
NEW SERVICES
Electronic registration of Collateral, Bilateral Schemes
ISO 15022, Phase 1Agreements
Statistical Services, New Reports
Integration of Derivatives Clearing House, Collateral
Foreign Securities Stock Exchange, Settlement in Pesos
2015
Strengthen MILA
DVP Mexico
DVP Peru
Mutual Funds Quotas, Contributions and Buy-back in Securities
2016
ISO 15022, Phase 2
Purchase and sale
Collateral
Creation of Instruments
Enhancements to the Management System and settlement for securities Clearing Houses
Electronic Register of Collateral, Foreign Securities
Deposit and Automatic withdrawal of Osas
Custody of Bonds
Demobilized Recognitions
PROJECTS
Strengthen MILA: Colombia
2016
Electronic Promissory Notes
Agreements
Mortgage backed Collateral Center
Securities Lending, International Collateral
Securities Lending, National Custody l
ASSESSMENTS

6. Successful Case of a Project in 2015
Electronic Register of Collateral
Project performed in a two year period along with market agents.
DCV brought about a change to the Law that regulates its operations, Law Nº18.876, with the purpose of accepting the electronic systems for the positioning of collateral in the accounting systems.
As of that date only the Central Counterparty Clearing Houses and the Stock Exchanges had this possibility.
Following the legal change DCV worked with the banking sector in defining a business model.
The system is not a new type of guarantee; it replaces the legal notification with an electronic notification, when the parties are direct or indirect participants of the DCV (principals).

7. Electronic Register of Collateral
Service Characteristics
It provides for a depositor or principal to instruct electronically the Central Securities Depository to register and lift blocked securities on deposit in national custody, as a result of placing or lifting of collateral with another depositor or participant.
Relevant Functionalities
Issue of certificates and electronic reports with an Advanced Electronic Signature during the registration or lifting process of collateral.
On-line information system that allows the participants to consult and obtain information pertaining to instructions and collateral.
Issue of daily bulletins with Collateral Movements in an electronic space.
Integrated with OTC Derivatives Clearing House to deliver collateral.
Time for the process of registering or lifting collateral, less than 5 seconds.

8. Electronic Register of Collateral
SWIFT
MT504 – Send Proposal
Receives Proposal /
Confirms Proposal
MT507 – Confirm Proposal
CREDITOR
DCV Audit
COLLATERAL
PHYSICAL
(Collateral Contract)
CREDITOR/DEBTOR
Registration and Lifting
Notarial Register
Depositors
MT503 – Alz.
MT540 – Ejec.
Lifting and execution
WEB Interphase
Files Interphase
Bilateral / Unilateral Registration
INTERNET
Registration and Lifting
ELECTRONIC REGISTER OF COLLATERAL
Equities
Channels
Interphases
Instructions
Services

9. Electronic Register of Collateral
Registration of Bilateral Collateral – Web Interphase
Depositor / Principal
Creditor
Debtor
(1) Creditor and debtor agree on business
(2) Insert collateral registration instruction
(4) Confirms Collateral Registration Instruction
(6) Obtains Certificate and Information on results electronically
(3) Registers instruction Registration Confirmation Pending
and withhold securities on Debtors account, only when the Debtor is the one filing the instruction.
(5) Issues Certificate of Electronic Position, Registers Collateral,
Debtor’s Securities blocked and a Report on the Electronic Result is issued.

10. Electronic Register of Collateral
Lifting of Bilateral Collateral - Web Interphase
Depositor / Principal
Creditor
Debtor
(1) Creditor and Debtor agree on lifting of collateral
(2) Inserts instruction on lifting of collateral
(4) Confirms Instruction on lifting of collateral
(6) Obtains Report on the Results electronically
(3) Registers instruction Lifting Confirmation Pending
(5) Lifts collateral an unblocks Debtor’s securities
Issues report on result of electronic lifting

11. Electronic Register of Collateral
Statistics

12. DCV: Av. Apoquindo 4001 Piso 12, Las Condes
DCV Registros: Huérfanos 770 Piso 22, Santiago Centro