Nasdaq to Deliver Post-Trade Technology to Depósito Central de Valores (DCV)
May 24 2017 - 09:00AM
Nasdaq, Inc. (Nasdaq:NDAQ) and Depósito Central de
Valores (DCV) today announced a new landmark agreement to
bolster the technological infrastructure of Chile’s central
securities depository (CSD).
"We are very satisfied with our thorough, year-long vendor
partnership process in selecting the Nasdaq platform, which will
replace the core system of the DCV,” said Fernando Yáñez, CEO of
DCV. “We believe with the implementation of this new system, we
will have more opportunities for growth and diversification in our
current services, as well as strengthening our day-to-day
operations.”
Under the agreement with DCV, Nasdaq will deliver its CSD
Solution, which will allow for:
- Seamless trade and instruction management, settlement, custody,
corporate event management and registry capabilities;
- Full coverage for all types of securities and multi-currencies
(including UF, i.e. inflation indexed non-deliverable
currency);
- Support for smooth, fault-free settlement with optimization
algos, as well as potentially provide facilities to securities
lending and borrowing accounting;
- Enabling full STP and based on global standards and market
practices, while reducing operational complexity.
“As a partner with the DCV on transforming their technology to a
next-generation platform, the Nasdaq Financial Framework’s
open nature will support the future growth and demand of their
business, as well as requirements from partners and regulators,”
said Lars Ottersgård, Executive Vice President and Head of Market
Technology, Nasdaq. “By leveraging the Nasdaq Financial
Framework, DCV’s new technology will allow for standardized,
unified operations, messaging and data infrastructure coupled with
unparalleled flexibility and cost efficiency. DCV can also
integrate its own business functionality, as well as other
third-party offerings, helping to meet their own unique needs.”
Nasdaq’s exchange technology, including trading, clearing, CSD
and market surveillance systems, is in operation in over 89
marketplaces across the Americas, Europe, Asia, Australia, Africa,
the Middle East and the Caribbean.
About Depósito Central de Valores
(DCV)Depósito Central de Valores S.A. (DCV) is a
private corporation and the only central securities depository in
Chile, established in March 1993, which provides settlement and
custody services for a wide range of instruments, included stocks
and mutual fund quotas, bank bonds, certificates of deposit,
mortgage bonds, public debts, corporate debts, debentures and
Treasury bonds. DCV holds 340 billion dollars in custody and it has
over 190 direct participants (banks, pension funds, life insurance
companies and stock exchanges). It has an A+ risk rating in
accordance with Thomas Murray. For further information on DCV,
please visit https://www.dcv.cl
About Nasdaq: Nasdaq (Nasdaq:NDAQ) is a leading
global provider of trading, clearing, exchange technology, listing,
information and public company services. Through its diverse
portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven
technologies that provide transparency and insight for navigating
today's global capital markets. As the creator of the world's first
electronic stock market, its technology powers more than 89
marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to 3,800 total listings with a market
value of $11 trillion. To learn more,
visit: http://business.nasdaq.com.
For Media Inquiries: |
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|
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DCV |
|
Carolina
Albornoz A. |
/Javier Jara
Traub |
calbornoz@dcv.cl |
/jjara@dcv.cl |
(56 - 2) 2393
92 64 |
56
223939335 |
Nasdaq |
Ryan
Wells |
ryan.wells@nasdaq.com |
Direct: +44 (0) 20 3753
2231 |
Mobile: +44 (0)
7809 596 390 |
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