Transcript Corporate Presentation

CUSTODIA NACIONAL
CUSTODIA INTERNACIONAL
FORWARD
DCV REGISTROS
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
2
DCV
22 YEARS INNOVATING
IN THE CAPITAL MARKET
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.
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
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VISION
MISSION
To
provide
settlement
infrastructure
and
other
for
custody,
complementary
services for the securities market, both
locally and internationally, meeting the
highest standards of security, availability,
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.
efficiency and quality.
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2 STRATEGIC BUSINESS UNITS
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DCV OWNERSHIP
30%
30%
Sociedad Interbancaria
Inversiones DCV S.A.
de Depósito de Valores
(PFA)
S.A. (Banks)
23%
10%
6%
1%
Santiago Stock
DCV Vida S.A.
Inversiones
Valparaiso Stock
Exchange
(Insurance
Bursátiles S.A.
Exchange and
Companies)
(Electronic Stock
others
Market)
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The Company
DCV BOARD OF DIRECTORS
Chairman:
Directors:
Sergio Baeza V.
Jorge Claude B. | Arturo del Río L. | Mario
Vice chairman:
Arturo Concha U.
Gómez D. | José A. Martinez Z. | Fred Meller S.|
Juan C. Reyes M. | Guillermo Tagle Q.|
Maximiliano Vial V.
General Manager:
Fernando Yáñez G.
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Corporate Governance
DCV HAS 4 COMMITTEES OF THE BOARD
Business Committee
HR and
Compensation
Committee
Audit and Operational
Risk Committee
Technology and
Processes Committee
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Other information
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



Thomas Murray A+
SSAE-16
ISO 22301



ITIL
COBIT
CISA

Adoption and implementation of
the crime prevention model
certified by BH Compliance
Limitada
Memberships



ACSDA (Americas’ Central Securities Depositories Association)
ANNA (Association of National Numbering Agencies)
ISSA (International Securities Services Association)
Registered with the IRS to comply with FATCA (Foreign Account Tax Compliance Act)
Registered as Single Financial Institution
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Rating Thomas Murray
Bajo riesgo
Asset Commitment
Risk
A+
AA
Asset Servicing
AA-
A+
Financial Risk
AA-
Counterparty Risk
A+
Operational Risk
AA
Asset Safety
A+
Governance and
transparency Risk
A+
Liquidity
Risk
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Chilean Securities Market Structure
Issuing World
Public Sector
Private Sector
•Central Bank of Chile
•General Treasury of the Republic
•Social Security Institute
Participants
OTC Market
 Santiago Stock Exchange
Transaction
Transaction
 Electronic Stock Market
 Valparaiso Broker Markets
Investors World
Stock Market
Participants
Investors World
•Commercial Banks
•Stock Corporations
Settlement
Payment Systems
LBTR (BCCH)
Combanc
CCLV
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Principal Services provided by DCV
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Principal Services
National
Custody
INTERNATIONAL
CUSTODY
FORWARD
DCV
REGISTROS
Securities
Custody
(public and
private)
Registry and
Settlement
Securities
Custody
MILA
Registry and
Reports
Corporate
Actions
Mutual Funds
Quotas Custody
B.V.E.
Electronic
Signatures
Reg. of
Shareholders and
Contributors
Investment
Funds
Custody
Desmaterialized
Issues
Central Trade
Manager (CTM)
Electronic
Registry of
Pledges
ALERT
Statistical
Reports
Copy for
Information (CFI)
POA Adm.
Mutual Funds
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NATIONAL CUSTODY
Custody of
securities
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)
NATIONAL CUSTODY
Records and
settlement
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.
NATIONAL CUSTODY
Capital
Events
DCV organizes capital events
Programed or non-programed.
•
Coupon payment
•
Issue maturity date
•
Partial prepayment
•
Issue prepayment
•
Dividend payment
NATIONAL CUSTODY
dematerialized issues
registration services
DCV offers dematerialized issues registration services for publicly
offered securities, enabling the primary placement of same.
NATIONAL CUSTODY
Registry and
redemption of
pleadges
Through the dispatch of electronic instructions, DCV allows clients to inform the
registry and redemption of pledges constituted by or in favor of Principals.
NATIONAL CUSTODY
Statistical
Reports
Service
The Statistical Reports Service provides information related to financial
instruments that participants hold in custody.
NATIONAL CUSTODY
Statistical Reports
Transactions
Instruments
Catalogue
Custody
Type of
Instruments
Issued
Maturity dates
per type
Pledge Instruments
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NATIONAL CUSTODY
Participants
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
Total: 188 participants
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NATIONAL CUSTODY
Volumes in custody
Balance of the total investment portfolio deposited with DCV by June 2015:
 UF 6,910 million.
 US$ 272 billion.
The total investment portfolio deposited is broken down as follows:
 96% by instruments issued in dematerialized form.
 4%, issued in physical form.
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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
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INTERNATIONAL CUSTODY
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INTERNATIONAL CUSTODY
OMGEO
Omgeo Central Trade Manager
(Omgeo CTM) is a service whose main
objective is to facilitate
communication between broker and
investor during the process of "posttrade matching and pre-settlement" of
the operations they perform.
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INTERNATIONAL CUSTODY
OMGEO- Scope
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FORWARD
The Forward service allows the
centralized and electronic
registration, signature and custody of
forward contracts subscribed by DCV
participants.
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FORWARD
General Model
Registration
(2)
Representatives’
signature
(4)
Participant
Agreement
(1)
Contract
comparison (3)
Contract
comparison(5)
Registration
(2)
Participant
Representatives’
signature
(4)
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DCV REGISTROS
Since the year 2000, DCV Registros has
provided the market the services of
Administration of shareholders and
contributors’ registries.
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DCV REGISTROS
Main services
Transfer of
shares and
CFM
Issuance
and
custody of
securities
Payment of
dividends and
payments to the
fire department
Registration
of
encumbrances
and
prohibitions
DCV Registros administers the shareholders and contributors
registries of more than 276 issuers of various industry sectors
Study of legal
documentation
Issuance of
legal reports
Shareholders
meetings
Exchange of
shares, right to
withdraw, etc.
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Quality Services
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Quality Services Survey
Monthly evolution
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.
Promedio
6.0
6.3
6.1
6.5
6.3
6.4
%
(+)
Base:
1199
1545
1521
1588
1075
326
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 240 people.
On going Projects
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ACTIVE PROYECTS / PER TYPE
PORTFOLIO
PROYECTS
OTHER
PROYECTS
PRELIMINARY
STUDIES
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
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CLOSED PROYECTS CERRADOS / PER YEAR
FINISHED
2014
2015
1. Guarantee values delivery
2. Omgeo, Broker to Broker
3. Custody CFM 2 al 8, Automatic Reports
4. Statistical Service, New Reports
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
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www.dcv.cl
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