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FORWARD DCV REGISTROS CUSTODIA INTERNACIONAL CUSTODIA NACIONAL.

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Presentation on theme: "FORWARD DCV REGISTROS CUSTODIA INTERNACIONAL CUSTODIA NACIONAL."— Presentation transcript:

1 FORWARD DCV REGISTROS CUSTODIA INTERNACIONAL CUSTODIA NACIONAL

2 2 1. The Company 2. Principal services provided by DCV a. National Custody b. International Custody c. Forward d. DCV Registros 4. Quality Services 3. On going Projects

3 Depósito Central de Valores S.A., (DCV) is a Stock Corporation established in accordance with the Law 18.876; its regulation and the instructions imparted by the Superintendence of Securities and Insurance (SVS). DCV is authorized to accept publicly offered securities for deposit, thus enabling the transfer operations related to those securities among participants in conformity with the procedures established in the mentioned law. DCV 22 YEARS INNOVATING IN THE CAPITAL MARKET 3

4 INCORPORATION Private entity created in March 1993, commencing operations in September 1995. LEGAL FRAMEWORK Law 18.876 and DL 734 1991 Regulation. SUPERVISION Superintendence of Securities and Insurance 4

5 MISSION To provide infrastructure for custody, settlement and other complementary services for the securities market, both locally and internationally, meeting the highest standards of security, availability, efficiency and quality. 5 VISION Be a highly efficient entity, providing a top quality service, leading the development and innovation of services for the capital market, both locally and internationally.

6 2 STRATEGIC BUSINESS UNITS 6

7 DCV OWNERSHIP 7 Sociedad Interbancaria de Depósito de Valores S.A. (Banks) Inversiones DCV S.A. (PFA) Santiago Stock Exchange DCV Vida S.A. (Insurance Companies) Inversiones Bursátiles S.A. (Electronic Stock Market) Valparaiso Stock Exchange and others 30% 1%6%10%23%

8 The Company DCV BOARD OF DIRECTORS Chairman: Sergio Baeza V. Directors: Jorge Claude B. | Arturo del Río L. | Mario Gómez D. | José A. Martinez Z. | Fred Meller S.| Juan C. Reyes M. | Guillermo Tagle Q.| Maximiliano Vial V. 8 Vice chairman: Arturo Concha U. General Manager: Fernando Yáñez G.

9 Corporate Governance DCV HAS 4 COMMITTEES OF THE BOARD Business Committee HR and Compensation Committee Audit and Operational Risk Committee Technology and Processes Committee 9

10 Regulating Entities  External Audit(Ernst&Young)  Surveillance Committee  Superintendence of Securities and Insurances(SVS)  Superintendence of Pensions(SP) Insurance Policy: Amount insured: 0.1% of the amount kept in custody  FIPI (Professional Civil Liability) Employee fidelity  Terrorism D&O (Directors and executives)  Any operational risk Certifications and Qualifications  ITIL  COBIT  CISA Memberships  ACSDA (Americas’ Central Securities Depositories Association)  ANNA (Association of National Numbering Agencies)  ISSA (International Securities Services Association) 10 Other information  Thomas Murray A+  SSAE-16  ISO 22301  Adoption and implementation of the crime prevention model certified by BH Compliance Limitada Registered with the IRS to comply with FATCA (Foreign Account Tax Compliance Act) Registered as Single Financial Institution

11 11 Rating Thomas Murray Bajo riesgo A+ AA Asset Commitment Risk A+ Liquidity Risk A+ Counterparty Risk A+ Asset Safety AA- Asset Servicing AA- Financial Risk AA Operational Risk A+ Governance and transparency Risk

12 Chilean Securities Market Structure 12 Stock Market  Santiago Stock Exchange  Electronic Stock Market  Valparaiso Broker Markets OTC Market Settlement Public Sector Central Bank of Chile General Treasury of the Republic Social Security Institute Private Sector Commercial Banks Stock Corporations Payment Systems Transaction Combanc LBTR (BCCH) Investors World Participants Investors World Participants Issuing World Transaction CCLV

13 13 Principal Services provided by DCV

14 Principal Services 14 FORWARD INTERNATIONAL CUSTODY National Custody DCV REGISTROS Securities Custody (public and private) Registry and Settlement Corporate Actions Desmaterialized Issues Electronic Registry of Pledges Securities Custody MILA B.V.E. Registry and Reports Electronic Signatures Custody POA Adm. Reg. of Shareholders and Contributors Investment Funds Mutual Funds Central Trade Manager (CTM) ALERT Mutual Funds Quotas Custody Statistical Reports Copy for Information (CFI)

15 NATIONAL CUSTODY DCV carries out the role of custody of securities in position accounts: Own securities account Third party securities account Pooled accounts Nominative or Individual Accounts (principals account) Inventory account; active affiliates recognition bonds (BRAA) Custody of securities

16 Records and settlement NATIONAL CUSTODY DCV records transactions electronically and enables the transfer of ownership, as a result of the transactions performed by its participants: Stock Markets Over-the-Counter(OTC). DCV enables the settlement of operations, delivering the securities and connecting with the funds payment systems.

17 Capital Events NATIONAL CUSTODY DCV organizes capital events Programed or non-programed. Coupon payment Issue maturity date Partial prepayment Issue prepayment Dividend payment

18 NATIONAL CUSTODY DCV offers dematerialized issues registration services for publicly offered securities, enabling the primary placement of same. dematerialized issues registration services

19 Registry and redemption of pleadges NATIONAL CUSTODY Through the dispatch of electronic instructions, DCV allows clients to inform the registry and redemption of pledges constituted by or in favor of Principals.

20 NATIONAL CUSTODY Statistical Reports Service The Statistical Reports Service provides information related to financial instruments that participants hold in custody.

21 NATIONAL CUSTODY Statistical Reports 21 Custody Transactions Instruments Catalogue Type of Instruments Issued Pledge Instruments Maturity dates per type

22 22 Clients NATIONAL CUSTODY

23 Participants Total: 188 participants 23 Stock brokers 40 Life insurance companies 33 General insurance companies 29 General fund administrators 24 Commercial banks 24 Stock corporations 9 Pension fund administrators 6 Security depositories 4 Security agencies 3 Government entities 3 Stock markets 3 Other companies 10 NATIONAL CUSTODY

24 Balance of the total investment portfolio deposited with DCV by May 2015:  UF 6,983 million.  US$ 281.6 billion. The total investment portfolio deposited is broken down as follows:  96% by instruments issued in dematerialized form.  4%, issued in physical form. 24 Volumes in custody NATIONAL CUSTODY

25 25 INTERNATIONAL CUSTODY The international custody service allows participants who invest in securities abroad to maintain those investments in custody through DCV in a similar way as it happens with the national custody of securities. Global Custodians Network [ [

26 26 INTERNATIONAL CUSTODY

27 27 Banks Fund Administrators Stock Brokers Stock Exchanges Insurance Companies Clients INTERNATIONAL CUSTODY

28 28 Banks Fund Administrators Stock Brokers Stock Exchanges Insurance Companies Clients INTERNATIONAL CUSTODY

29 29 Omgeo Central Trade Manager (Omgeo CTM) is a service whose main objective is to facilitate communication between broker and investor during the process of "post- trade matching and pre-settlement" of the operations they perform. [ [ INTERNATIONAL CUSTODY OMGEO

30 30 INTERNATIONAL CUSTODY OMGEO- Scope

31 31 INTERNATIONAL CUSTODY OMGEO- Clients

32 32 The Forward service allows the centralized and electronic registration, signature and custody of forward contracts subscribed by DCV participants. FORWARD [ [

33 33 FORWARD Agreement (1) Representatives’ signature (4) Representatives’ signature (4) Registration (2) Registration (2) Contract comparison (3) Contract comparison(5) General Model Participant

34 34 Clients FORWARD STOCK BROKERS___ ___INSURANCE COMPANIES__ GENERAL FUND ADMINISTRATORS__

35 Since the year 2000, DCV Registros has provided the market the services of Administration of shareholders and contributors’ registries. [ [ 35 DCV REGISTROS

36 36 Main services DCV REGISTROS DCV Registros administers the shareholders and contributors registries of more than 276 issuers of various industry sectors Transfer of shares and CFM Issuance and custody of securities Payment of dividends and payments to the fire department Registration of encumbrances and prohibitions Shareholders meetings Study of legal documentation Issuance of legal reports Exchange of shares, right to withdraw, etc.

37 37 Quality Services

38 Average6.06.36.16.56.3 Base:11991545152115881075326 % (+) In general, evaluate the performance of DCV systems in the past 2 weeks using a qualification assessment scale from 1 to 7, where 1 is very unsatisfied and 7 is very satisfied. Quality Services Survey Monthly evolution

39 Quality Service Level DCV Written Survey made in the second trimester to customers that interact with DCVR executives: General opinion about DCV Registros and satisfaction with service rounds 95% with notes between 6 and 7. Best atributtes are: Atention Number allocation system, executive friendiness, donde el 100% of respondents qualify between notes 6 and 7. If we extract people that skip answers, el 100% of respondents qualifies between notes 6 and 7 cleaness of instalations and timming of executives attention. DCVR executive, in general, has un increase of13% in notes 7 Total sample 209 people.

40 40 On going Projects

41 41 ACTIVE PROYECTS / PER TYPE 1.Foreing Stock Exchange, settlement in pesos 2.Integration Cámara Derivados – Garantías 3.Statistical Service, New Reports 4.CFM, Aporte y Rescate en Valores 5.ISO Phase 1 - Pactos 6.ISO Phase 2 / DCV Evolution – Compraventas 7.ISO Phase 2 / DCV Evolution - Prendas 8.ISO Phase 2 / DCV Evolution – Cuentas y Saldos 9.Automatic Deposit and withdrawal of Osas 10.Update Camara Operator Service 11.Asignation pre-LEI 12.Euroclear, securities settlement Intradía facilities 13.Custody and liquidation bills in BPC 14.Custody CFM 2 al 8, Changes LUF 15.Fulfillment SLA Contract CCLV 16.Pledge Foreing Values in USA and DTCC 17.Aditional Service of DTCC: Avox – Clarient 18.Custody of Mutuo Hipotecario Endosable 19.Migration Apc-Win 20.Securities Lending 21.Garantías Mobiliarias registry 22.Web Services Operations, Other Depositors 23.Purchase studies LVA 24.Purchase studies Profondos proyect 25.Pagare Electrónico 26.Accords PORTFOLIO PROYECTS OTHER PROYECTS PRELIMINARY STUDIES

42 42 1.Bilateral Electronic Pledge Registry 2.Delay close CN Camara 3.Miner stock market (Venture) 4.Grow up MILA, DVP México 5.Web Services Operations, Monitoring 6.Forward updates 1.Guarantee values delivery 2.Omgeo, Broker to Broker 3.Custody CFM 2 al 8, Automatic Reports 4.Statistical Service, New Reports FINISHED CLOSED PROYECTS CERRADOS / PER YEAR 2014 2015

43 Depósito Central de Valores S.A. Av. Apoquindo Nº 4001, Piso 12 Las Condes, Santiago. Tel: (56 2) 2393 9000 – Fax (56 2) 2393 9015 DCV Registros S.A. Huérfanos 770, Piso 22 Santiago Centro, Santiago. Tel: (56 2) 2393 9003 – Fax: (56 2) 2393 9119 www.dcv.cl


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