Friday March 13 2015

News Source: Global Exchanges

Focus: Derivative Market Segment

Type: General




Depósito Central de Valores (DCV) have announced that from April 2015, a new service entitled Electronic Pledge Registry will be available. The service will allow participants to electronically instruct the registration and redemption of pledges for securities deposited with DCV, thus replacing the notary`s notification in these processes.

The relevant functionalities of the service are:

  • Automatic issuance of electronic certificates and reports with Advanced Electronic Signature during the process of registration or redemption of pledges.
  • On-line information systems that will allow participants to perform inquiries and obtain reports related to the instructions and pledges.
  • Automatic issuance of the daily pledge activity Statement.
  • Reports and Certificates deposited in the electronic box.
  • Registration of guarantees for the OTC Derivatives Clearing House (ComDer).
  • Processing time of the instructions related to the registration or redemption of pledges is less than 5 seconds.
  • Allows participants to expedite their business flows.

Click on the link above for further details