CHILE: CCLV Joins ESMA List of CCPs in Non-EEA Countries Which Have Applied for Recognition

Friday November 18 2016

The Chilean Central Counterparty, CCLV, a subsidiary of Santiago Exchange, is now part of the list of central counterparties (CCPs) established in non-EEA countries which have applied for recognition under Article 25 of Regulation (EU) No 648/2012 of the European Parliament and of the Council (EMIR).

The approval of CCLV as a qualified CCP by ESMA would facilitate the incorporation of European Union institutions and European investors to operate in Santiago Exchange Derivatives Market, whose clearing and settlement contracts are performed on CCLV.

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