Euroclear Bank to Provide Access to Chilean Domestic Debt Securities
Euroclear Bank, an international central securities depository (CSD), will link with Depósito Central de Valores (DCV), Chile’s national securities depository, to offer services for Chilean securities. These services will be provided to Euroclear Bank clients located in more than 90 countries.
The link with DCV will allow Euroclear Bank clients to settle transactions in Chilean government bonds with local Chilean financial institutions that have accounts in the Chilean CSD. All Euroclear Bank clients, except those domiciled in Chile, may deposit these Chilean securities for safekeeping with Euroclear Bank. Chile will be the fourth market in Latin America for which Euroclear Bank offers services for cross-border domestic securities transactions, following Argentina, Brazil and Mexico.
Fernando Yáñez, general manager of DCV, said: “We welcome the new relationship between Euroclear Bank and DCV. The proven safety and reliability of Euroclear Bank’s links with depositories and its relationships with sophisticated investors around the world will help to further Chile’s objective of attracting more international investors to invest in Chilean government debt. Moreover, DCV’s link with Euroclear Bank will ease the processing of foreign securities transactions for our Chilean investors and provide them with access to a wide range of securities and counterparties worldwide.”