About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

DTCC and Chilean Depository Sign Agreement to Collaborate

Subscribe to our newsletter

The Depósito Central de Valores (DCV) of Chile and The Depository Trust & Clearing Corporation (DTCC) of the US announced today they have signed an agreement that recognises and strengthens their relationship and will serve as a basis for future collaboration.

The objective of this cooperative undertaking, which will leverage the technology and expertise of both organisations, is to expand offerings and capabilities of DCV and DTCC. This will enable both organisations to take advantage of local market knowledge to develop broader offerings in Chile and throughout Latin America, while reducing risk and lowering costs.

“Chile has one of Latin America’s strongest economies, and represents a strong and growing financial market in the Americas,” said William Aimetti, president and chief operating officer of DTCC. “We are delighted to have this opportunity to take the relationship with Chile’s central securities depository to a new level, and we look forward to collaborating with our Chilean colleagues in helping them address the needs of their markets and supporting their customers.”

“We believe this working relationship will give DCV some strategic advantages in fulfilling our own mission of making the Chilean capital markets more efficient and more attractive to capital market growth,” said Fernando Yáñez, chief executive officer of DCV. “We look forward to leveraging the expertise, technology, scale and global reach of DTCC to assist in the growth of services for capital markets throughout Latin America.”

Early discussions have identified some possible areas of collaboration tied to operational risk and business continuity. For example, DCV currently has data centres in separate locations in Santiago, the capital and largest city of Chile; however, communications with the back-up site located 500 kilometres away in Concepción City were disrupted and went offline during the February 2010 earthquake. DCV and DTCC believe there may be an opportunity to collaborate on business continuity, leveraging DTCC’s own experience post- 9/11 in establishing redundant back-up data centres.

The agreement announced today developed following an invitation in December 2009 by DCV to DTCC to make a 10% equity investment in DCV and join the DCV board. In making this investment and joining the DCV board, DTCC has expressed its commitment to the region and high expectations for future cooperative efforts with DCV.

DCV and DTCC have a long and valued relationship, and share a considerable history of collaboration. DCV has been a participant in DTCC’s depository subsidiary, The Depository Trust Company (DTC), since 2007. This membership permits DCV to extend to its customers the benefit of having DTC service the underlying assets for DCV’s Chilean customers, including cross-border settlements with other DTC participants, and transact both free-of-payment and delivery vs payment (DVP) business in DTC-eligible issues.

In addition, DCV and DTCC are also among the founding members of the Americas’ Central Securities Depositories Association (ACSDA), an industry organisation formed over a decade ago that provides a forum for issues affecting securities depositories, such as best asset servicing practices, globalisation trends in markets and instruments, technology standards and risk management.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: In data we trust – How to ensure high quality data to power AI

Artificial intelligence is increasingly powering financial institutions’ processes and workflows, encompassing all parts of the enterprise from front-office to the back-office. As organisations seek to gain a competitive edge, they are trialling the technology in variety of ways to streamline and empower multiple use cases. Some are further than others along the path to achieving...

BLOG

Regulatory Volatility Offers Opportunity to Mine Value from Compliance Data

A new era of regulatory change is presenting institutions with a golden opportunity to prosper from the troves of data they need to comply with reporting obligations. Information required by market overseers has value that goes beyond its obligatory use in disclosures and companies that put it to wider use stand to gain a competitive...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...