acsda member 2013 profiles update santiago de chile april 3rd,2014 prepared and consolidated by:...
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ACSDA MEMBER 2013 PROFILES UPDATESANTIAGO DE CHILE
APRIL 3RD ,2014
Prepared and Consolidated By: Jorge H JaramilloACSDA´s President
22
Members Responding to the Survey
N = 26 Members
N = 22 Countries
Country Members Responding the Survey
Argentina Caja de Valores S.A. Mercado de Valores de Buenos Aires S.A.
Bermuda The Bermuda Securities DepositoryBolivia Entidad de Deposito de Valores de Bolivia S.A.Brasil BM&FBOVESPA S.A.
CETIP S.A. – Mercados OrganizadosCanadá The Canadian Depository for Securities LimitedChile Depósito Central de Valores S.A. Colombia Depósito Centralizado de Valores de Colombia Deceval S.A.República Dominicana CEVALDOM Depósito Centralizado de ValoresCaribe de Este Eastern Caribbean Central Securities DepositoryEcuador Deposito Centralizado de Compensación y Liquidación DCV-BCE
DECEVALE S.A. El salvador Central de Depósito de Valores, S.A. de C.V. Guatemala Central de Valores Nacional, S.A. –CVNJamaica Jamaica Central Securities Depository Limited Mexico S.D Indeval, Institución para el Depósito de Valores S.A de C.VNicaragua Central Nicaragüense de Valores CENIVAL Panamá Central Latinoamericana de Valores, S.AParaguay Bolsa de Valores y Productos de Asunción S.A. Perú CAVALI S.A. I.C.L.V.Sudáfrica Strate Pty LtdEstados Unidos The Depository Trust & Clearing Corporation (DTCC)Uruguay Bolsa de Valores de Montevideo
Banco Central del Uruguay Venezuela CVV Caja Venezolana de Valores
Information Prepared by : Cecilia Humphrey – ACSDA Consultant
3
Number of Years Since The Member’s Establishment
0
5
10
15
20
25
30
From 0-5 years from 5 - 10 years From 10 - 20 years
From 20 - 30 years
From 30 years -"+"
Total
Number of Members 1 0 11 6 8 26
Num
eber
Of M
embe
rs
Number Of Years Since The Member Establishment
4
Number of Participants per Member
0
5
10
15
20
25
From 0 to 25 From 25 to 50
From 50 to 100
From 100 to 200
More than 200
Total
Number of Members 7 5 3 5 5 25
Num
ber o
f Mem
bers
Number Of Participants Per Member
Number of Members responding survey: 26
5
DVP1, 13, 34%
DVP2, 17, 45%
DVP3, 8, 21%
DVP Settlement Models in ACSDA Members
DVP Settlement Models in ACSDA
Number of Members : 26
6
Securities Settlement Cycles
0
2
4
6
8
10
12
14
16
T T+1 T+2 T+3 T+5Securities Settlement Cycles 15 11 10 15 2
Num
ber o
f Mem
bers
Securities Settlement Cycles
Number of Members responding to the survey: 26
7
Account Structure in ACSDA Members
Omnibus, 14, 35%
Beneficial Owner , 19, 47%
Both, 7, 18%
Account Structure in ACSDA Members
Number of Members: 26
8
ACSDA Members Publicly Traded
Yes, 5, 19%
No, 21, 81%
ACSDA Members Publicly Traded
Number of Members : 26
9
ACSDA Members for Profit
Yes, 21, 81%
No, 5, 19%
ACSDA Members Organized For Profit
Number of Members : 26
10
Type of Securities Eligible by ACSDA Members
Number of Members: 26
0
5
10
15
20
25
Equity Corporate Debt
Government MoneyMarket
Mortgage Backed
Deferred PaymentChecks
ETFs Warrants Rights
Securities Type 24 25 24 20 14 2 4 2 2
Num
ber o
f Mem
bers
Type Of Securities Eligible By ACSDA Members
11
Other Financial Instrument Types Eligible by ACSDA Members
0
2
4
6
8
10
12
14
Term Deposits
OTC Derivatives
Syndicated Loans
Insurance agreements
Mutual Funds
Promissory Notes
Other Financial Instruments 13 3 1 1 1 3
Num
ber o
f Mem
bers
Other Financial Instruments Eligible By ACSDA Members
Number of Members: 26
12
Types of Participants in ACSDA Members
Others : Includes Pension Funds, trust, Insurance companies, Foreign Entities, Mutual Funds, Excludes 11.242 Fund Investment Account at Cetip
Banks, 668, 25%
Brokers, 1192, 44%
Others, 836, 31%
Participant Types in ACSDA Members
13
Main Services Offered by ACSDA Members
0
5
10
15
20
25
30
Custody Clearing Securities Settlement
Cash settlement
TradeMatching
Corporate Actions
Central Counterparty
InternationalLinks
InternationalSecurities
Collateral Accounts
Main Services Offered 25 21 26 21 10 22 7 20 17 16
Núm
ero d
e Enti
dade
s Main Services Offered By ACSDA Members
Number of Members: 26
14
Main Services Offered by ACSDA Members
0
5
10
15
20
25
New Issues Processing
Tax Witholding Services
National Numbering
Agency
Services for Derivatives
Securities Lending
Proxy Voting Services
Mutual Funds Services
Main Services Offered 22 12 14 8 6 6 12
Num
ber o
f Mem
bers
Main Services Offered By ACSDA Members
Number of Members: 26
15
Other Services Offered by ACSDA Members
0
1
2
3
ETFs Processing
Investor Centralized
Registry
Treasury Bills Internet trading
Platform
Securities registry System
OTC Primary Offers
Services
DVP Settlement
Trading Platform
Collateral Adminstration
System
Market Data
Other Services Offered 2 3 1 1 1 2 1 1 1
Num
ber o
f Mem
bers
Other Services Offered By ACSDA Members
Number of Members: 26
16
Other Services Offered by ACSDA Members
0
1
2
3
Electronic Pledges System
FX Forwards registry System
Omgeo Services
Data and Information
selling System
Pormissory Notes
Issuance System
Mobiles Securities Systems
Securities Transport
Shareholders Registry
Other Services Offered 1 1 1 2 2 1 1 3
Num
ber o
f Mem
bers
Other Services Offered By ACSDA Members
Number of Members: 26
17
Other Services Offered by ACSDA Members
0
1
2
Custody of Other Financial
Instruments
Net collateral Processing
Trust Services Transfer Agent FX Settlement Reference Data Commercial Invoices Registry
Other Services Offered 2 2 1 2 1 1 1
Num
ber O
f Mem
bers
Other Services Offered By ACSDA Members
Number of Members: 26
18
Principal Achievements in 2013
Main Goals
Automate Corporate Actions
New Products & Services in the
Value Chain
Assessment of the FATCA effect
Systems & Processes
PFMI Self-evaluation &
Implementation of Enhancements
Products for the Funds Sector
Establishment of International Links
New Financial Instruments
Increase the Amount of Services
Dematerialization
Local & Global LEI
Implementation of 15022 & 20022
International Rating
Corporate Integrations
19
Principal Achievements in 2013
Systems Migration to
Web Services
Introduction of Systems for the Trading of New Instruments in Exchanges and
OTC
Interoperability, Implementation of
ISO Standards 15022 y 20022
Implement LEI Usefulness
Systems for Business
Diversification
Enhancements in Business and
Data Web Sites
IT
Implementation of Systems for the Registration of Operations and
Trading Systems
Changes in infrastructure and in CORE
Systems
IT
Business ContinuityData Security
20
New Processes to Handle the
Diversification of Services
Reducing Tariffs to Promote
Market Growth
Responding to the IOSCO Principles
Changes in the Service Models
Corporate Change in Mutual Funds
Institutions
Risk & Business Management
With Respect to Interest Groups
Vertical Integration
Principal Achievements in 2013
21
Principal Challenges in 2014
LEI : Local & Global Acceptance
DTCC
Enhancement of Corporate Governance
Implementation of FATCA
Colombia, Peru, USA, Chile, Mexico, South
Africa, Guatemala
Materialize Corporate Mergers
Argentina
Administration of New Services
Tariffs Strategy for Market Growth
Increase access to international value
chainsEnhancements to Corporate Actions
processes: ISO 15022 - 20022
Implement PFMI Canada, Colombia,
Mexico, Chile,
Technological Changes in CORE
Systems
Internal Changes to Handle Regulatory
ModificationsArgentina – Brazil
Future Initiatives
22
Principal Challenges in 2014
Changes in IT, Risk Management
Cevaldom,
Technological Change & Growth through
Diversification Colombia
Paying Agent for all National Securities
Bolivia
Materialize Corporate Mergers
Argentina
IT Projects & Future Business Processes
“Evolution” –Chile
CDR – Repos Jamaica
Enhancement of Shareholder Services
Chile, Colombia, BoliviaIncreased
DematerializationDCV-BCE, USA,
Guatemala
International Securities Lending Links
INDEVAL
Merger of the CCPs Brazil
Amendment of Company By-laws to conduct corporate
structure transformation to a for profit entity
Uruguay
Future Initiatives
23
Principal Challenges in 2014
Data Security
Stimulus for Growth of Medium Sized
CompaniesBMF&BOVESPA
Regional Agreements – increase of offers
Chile, Bermuda, Colombia, Panamá, DECEVALE, El Salvador
Strengthening of International Positioning LATINCLEAR
Business Continuity
Implementing Exchange and Repo
MarketsParaguay
Services for Collateral/Warranty
ManagementStrate, DTCC
Exchange Settlement through Securities
Venezuela
Reduce Securities Settlement Cycle
Strate , DTCC
Launching of Trading Platforms
MERVAL
Develop a DVP 2 Model
Use of LBTR
Guatemala
Future Initiatives