plantilla ppt corporativa bolsa kit imagen

Santiago Stock Exchange (SSE)

Chilean Stock Market

2015

Agenda

1. Chile: a place to invest

2. Chilean Stock Market

3. MILA

4. Santiago Stock Exchange

5. Projects

CHILE: A PLACE TO INVEST

Population: 17.77 MM*

GDP: USD 277,199 MM*

GDP per capita (PPP): USD 21,911

GDP growth: 1.9%

Unemployment: 6.2%

Inflation: 4.6%

Sovereign Rating: AA-; A+

Trade Balance: USD 8,560 MM

Exports: USD 76,648 MM

Imports: USD 68,089 MM

*Data as of December 2013

Source: Central Bank, INE, World Bank


CHILE: GDP BY SECTORS

Source: Central Bank

Corporate Services16%

Mining12%

Personal Services12%

Manufacturing12%

Commerce9%

Construction8%

Housing Services6%

Financial Services5%

Public Administration5%

Transport4%

Agriculture and forestry3%

Electricity, gas and water3%

Communications2%

Restorants and hotels2%

Fishing1%

Chilean GDP shows a steady growth since 2003, except on 2009 for macroeconomic

reasons. It maintains above regional and global averages.

0%

50%

100%

150%

200%

250%

300%

350%

400%

450%

1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

GDP VARIATION

Chile SudAmerica + Mexico MILA OCDE

Source: World Bank, GDP (actual US$ prices)


305%

197%

-50%

0%

50%

100%

150%

200%

250%

300%

350%

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

South America + Mexico - GDP per capita variation

Chile SudAmerica + Mexico

305%

197%

-50%

0%

50%

100%

150%

200%

250%

300%

350%

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

MILA – GDP per capita variation

Chile MILA

Source: Central Bank

305%

120%

0%

50%

100%

150%

200%

250%

300%

350%

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

OCDE - GDP per capita variation

Chile OCDE

During the last 20 years, our country

has shown a superior GPD per

capita than regional and worldwide

averages.


-5

0

5

10

15

20

25

30

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

% I

nfl

ati

on

Year

INFLATION

Chile SudAmerica + Mexico MILA OCDE

Source: World Bank, DatosMacro.com


Source: World Bank, INE.

Unemployment was stable between bands of 6 and 10%. It shows to be in line with

other developed countries. The current percentage is 6.15%.


0

2

4

6

8

10

12

1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

% U

nem

plo

ymen

t

Year

UNEMPLOYMENT

Chile Southamerica MILA OCDE

Agenda



3. MILA


5. Projects

MARKET PARTICIPANTS

1. ISSUERS

• Chilean Central Bank

• General Treasury of the Republic

• Banks and Financial Institutions

• Corporate Bodies

CHILEAN STOCK MARKET

MARKET PARTICIPANTS

1. ISSUERS

Domestic Equities: 230

Foreign Equities: 79

Foreign Equities MILA: 463

Foreign ETF: 102

Foreign Open Funds: 203

Fixed Income: 147

Money Market: 57

Local Investment Funds: 125

Local Mutual Funds: 9

Data as of December 31, 2014 Most traded stocks 2014

Source: Santiago Stock Exchange


MARKET PARTICIPANTS

2. BROKERS:

Requirements:

• To own a Santiago Stock Exchange share

• Have a minimum estate and established guarantees

• Be accepted by the Board of Directors of Santiago

Stock Exchange

• Be regulated by the exchange and the Chilean

Securities and Insurance Supervisor (SVS)

Functions:

• Issuing new securities on the market

• Brokerage of securities between buyers and sellers

• Managing customers´ portfolios

• Advising investors and issuers

• Proprietary trading


MARKET PARTICIPANTS

2. BROKERS MARKET SHARE



OTHERS18.8%

BANCHILE 15.1%

LARRA 12.2%

BTG 11.5%

SANTANDER 9.8%

IM TRUST 7.1%

BCI 6.2%

MERRILL 4.5%

MBI 4.4%

EUROAMER 3.8%

SECURITY 3.8%

SCOTIA 2.7%

EQUITY

MARKET PARTICIPANTS




BANESTADO 19.9%

BBVA 15.9%

BICE 12.0%SANTANDER

11.2%

OTHERS10.0%

BANCHILE 9.4%

BCI 6.0%

CORPCAP 3.8%

IM TRUST 3.6%

ITAU CHILE3.2%

PENTA 2.6%

LARRA 2.3%

FIXED INCOME

MARKET PARTICIPANTS




BANESTADO 29.2%

BBVA 17.7%

BANCHILE 12.2%

BCI 10.1%

BICE 6.7%

SANTANDER 5.3%

OTHERS4.7%

ITAU CHILE3.9%

CORPCAP 3.1%

SCOTIA 2.8%

LARRA 2.5% EUROAMER

1.7%

MONEYMARKET

MARKET PARTICIPANTS

3. INVESTORS

Institutional Investors:

• Pension Funds (AFP)

• Mutual Funds

• Investment Funds

• Insurance Companies

• Banks

Non-Institutional Investors: natural and

legal persons, local and foreigners.


MARKET PARTICIPANTS

3. INVESTORS: INVESTMENT STOCK


Source: Chilean Pension Funds, Mutual Funds, Insurance Companies, Investment Funds.

Pension Funds: Data as of October 2014.

Mutual Funds and Insurance Companies: Data as of Decemeber 2013.

Investment Funds: Data as of September 2013.


MARKET PARTICIPANTS

4. REGULATORS

Superintendence's

• Chilean Securities and Insurance Supervisor (SVS)

www.svs.cl

• Superintendence of Pensions

www.safp.cl

• Superintendence of Banks and Financial Institutions

www.sbif.cl

http://www.svs.cl/

http://www.safp.cl/

http://www.sbif.cl/

MARKET PARTICIPANTS

5. MARKET INFRASTRUCTURE COMPANIES

Santiago Stock Exchange

• Santiago Stock Exchange (SSE) www.bolsadesantiago.com

Depositaries

• Central Securities Depository (DCV) www.dcv.cl

Clearing and Settlement

• CCLV, Central Counterparty S.A. www.cclv.cl


http://www.bolsadesantiago.com/

http://www.dcv.cl/

http://www.cclv.cl/

MARKETS: CHILE IN THE REGION


Source: WFEData as of December 2014

1 billion = 1.000 millions

CountryMarket Cap

(US$)

Listed

Companies

Equity Traded

Amounts 2014

(US$)

Fixed Income

Traded

Amounts 2014

(US$)

Equity New

Issues 2014

(US$)

Market

Cap./GPD

Argentina6° 5° 5° 3° 6° 6°

($60 billion) (101 listed) ($5 billion) ($60 billion) ($0.02 billion) 9.8%

Brazil1° 1° 1° 6° 1° 5°

($844 billion) (363 listed) ($728 billion) ($0.12 billion) ($15 billion) 37.6%

Chile3° 2° 3° 2° 2° 1°


Colombia4° 6° 4° 1° 3° 3°


Mexico2° 4° 2° 5° 4° 4°

($480 billion) (147 listed) ($157 billion) ($0.26 billion) ($0.9 billion) 38.1%

Peru5° 3° 6° 4° 5° 2°

($79 billion) (263 listed) ($4 billion) ($0.84 billion) ($0.8 billion) 39.0%

CHILEAN MARKET:

TOTAL TRADED VOLUME AND NUMBER OF TRADES 2014



*Considers on and off floor trades.

MARKET DAILY TRADED AMOUNTS 2014


Traded amounts at Santiago Stock Exchange

Stocks7%

Investment Fund Quotas

0% Currency0%

Money Market62%

Fixed Income31%

Stocks: US$ 110.19

Investment Fund Quotas: US$ 7.32

Currency: US$ 0.02

Money Market: US$ 980.15

Fix Income: US$ 494.15

Note: Figures expressed in MM US$


EQUITY TAXES

Capital Gains:

• High Liquidity Stocks or Stocks with Market Maker:

0% for domestic and foreign investors

• Low Liquidity Stocks:

Domestic Investors: Income Tax (0-35%)** and/or first category tax (25% or 27%)*

Foreign Investors: 35%

Dividends

• Domestic Investors: Income Tax (0-35%)**

• Foreign Investors: 35%


Equities N° of stocksTraded Amounts as of

December 2014

High Liquidity 64 98.02%

Low Liquidity 204 1.98%


*Tax depends on the system to which the company is admitted (rates correspond to the maximum value, in force as of 2018).

**Value corresponds to the current value as of 2017.


DEBT INVESTMENT TAXES

Modifications to Article 104 of the Chilean Income Tax Act introduced by the Single Funds Act (Ley Única de

Fondos)

• Expands eligible forms of acquisition and disposition of instruments

• Eliminates operation load for issuers

• Eliminates tax punishment for the issuer when issuing above or below par value

• Increases eligible long-term instruments of Treasury and Central Bank

Capital Gains

• Long-term debt instruments issued in Chile, under the Article 104 of the Chilean Income Tax Act:

0% taxes for domestic and foreign taxes

• Long-term debt instruments issued in Chile, not admitted in the Article 104 of the Chilean Income Tax Act:

Domestic Investors: First category tax (25 or 27%)* and/or income tax (0-35%)**

Foreign Investors: Additional tax (35%)

Interests (coupons):

• Long-term debt instruments both admitted and not admitted in the Article 104 of the Chilean Income Tax Act:

Domestic Investors: First category tax (25% or 27%)* and/or income tax (0-35%)**

Foreign Investors: Additional tax (4%) for instruments admitted in Article 104. Tax of 35% for other instruments.

*Tax depends on the system to which the company is admitted (rates correspond to the maximum value, in force as of 2018).

**Corresponds to the current value as of 2017.


EQUITY MARKET GROWTH 2005 – 2014


EQUITY MARKET GROWTH 2002 - 2014


2002 2014 Variation

Traded Amounts (MM US$) 5.76 76.30 1224.11%

Market Cap. (MM US$) 82.16 383.61 366.93%

Market Cap. / GDP 70.00% 84.10% 20.14%

Traded Amounts / Market Cap. 7.04% 19.89% 182.53%

Price / Earnings 20.6 19.5 -5.34%

Book Value 1.09 1.49 36.70%

Market Concentration: 10 Top most traded

stocks62.00% 48.70% -21.45%

Market Concentration: 10 Top in Market Cap. 43.00% 45.10% 4.88%


INSTITUTIONAL MARKET SHARE: EQUITY MARKET



*Considers buy + sell amounts

INVESTMENT FUND QUOTAS (IFQ) MARKET GROWTH 2005 – 2014



*Traded volume expressed in millions of dollars using the “Observed Dollar” exchange recorded at the last day of 2014

FIXED INCOME INSTRUMENTS (IRF) MARKET GROWTH 2004 – 2014




INSTITUTIONAL MARKET SHARE: FIXED INCOME




CAPITAL RAISED IN FIXED INCOME IPOs 2005 - 2014



TRADING VALUE BY TYPE OF BONDS (FIXED INCOME) 2014


LH: Letra Hipotecaria/Mortgage notes

BE: Bonos Bancarios y Empresas/Bank and Corporate Bonds

BT: Bonos del Banco Central y Tesorería en Pesos/ Central Bank and Treasury Bonds


MONEY MARKET INSTRUMENTS (IIF) MARKET GROWTH 2005 – 2014




INSTITUTIONAL MARKET SHARE: MONEY MARKET




FOREIGN SECURITIES GROWTH 2006 – 2014




INDICES

IPSA: Blue chip index (top 40 most traded stocks)


IPSA: Selective Stock Price Index: The IPSA is an index of the 40 highest trading value stocks on SSE, calculated

quarterly, and whose market capitalization is over US $200,000,000 and a free-float percentage of not less than 5%

at 2014 market close.



SANTIAGO STOCK EXCHANGE STOCK MARKET INDICES 2014



Agenda



3. MILA


5. Projects

MILA

INTEGRATED LATIN AMERICAN MARKET – MILA

The Pacific Alliance´s Stock Market

Chile, Colombia, Mexico and Peru

Most promising economies in Latin America

Rank of investment

Integrated market

In MILA you can find:

• Investment opportunities on over 700 companies from four countries.

• More than 60 interconnected intermediaries, trading securities under approved standards.

• Custody of securities are kept within origin markets with full interconnection between Depositories.

• For local issuers, investors can access all four countries with just one registration.

With the support of:

MILA

MILA AND THE PACIFIC ALLIANCE

With Mexico´s incorporation to MILA last December 2014:

Market capitalization increased to more than USD 1,075 billion

The number of issuers increased over 40%

MILA is integrated by all four countries from the Pacific Alliance, becoming the initiative´s

financial arm. These four economies generate 35% Latin America´s GDP and concentrate

50% of LATAM´s exports, equivalent to USD 1,100 million.

If all four countries were one nation, it would be the 8th largest economy in the world.

MILA IN NUMBERS

Source: Mila News, WFE, Santiago Stock Exchange: Information as of december 2014,.

Mexico51%

Chile25%

Colombia16%

Peru8%

MarketCap.

Mexico75%

Chile14%

Colombia10%

Peru1%

TradedVolume

MARKET CAP AND TRADED VOLUMEN 2014

MILA

MILA INDICES COMPARATIVE 2014

Source: Santiago Stock Exchange, MILA News

MILA

Source: Financial Superintendence of Colombia, Superintendence of Banking, Insurance and

Pension Funds of Peru, Ministry of Finance and Public Credit of Mexico, Chilean Pension Fund

Superintendence

Data: Colombia/December 2014; Peru/October 2014; Mexico/August 2014; Chile/October 2014.

INVESTMENT STOCK PENSION FUNDS OF MILA

Agenda



3. MILA


5. Projects

ABOUT SANTIAGO STOCK EXCHANGE

• Created on November 27,1893

• 27 Brokerage Houses

• Market Cap.: 233,042 MMUS$

• Available Products:

Equities

ETF

Fixed Income Instruments

Money Market Instruments

Investment Funds / Mutual Funds

Futures

Foreign Instruments

• Subsidiary: CCLV, Central Counterparty S.A.

SANTIAGO STOCK EXCHANGE

BALANCE SHEET



Trading services32%

Back office Services

25%

Trading Fees14%

Clearing and settlement

12%

Data Dissemination

7%

Listing6%

Other4%

SSE's INCOME

SSE´s income MMUS$ 34.0

SSE´s profits MM US$ 11.5

MMUS$

Total Current Liabilities 7,00

Total Long-term Liabilities 22,37

Total Equity 52,44

Total Assets and Equity 81,81

MMUS$

Total Current Assets 42,49

Total Long-term Assets 39,32

Total Assets 81,81

SSE’s MARKET SHARE 2014


SSE: Santiago Stock Exchange

ESE: Electronic Stock Exchange

VSE: Valparaíso Stock Exchange


SSE98%

ESE2%

VSE0%

MONEYMARKET

SSE100%

ESE0%

VSE0%

FIXEDINCOME

SSE92% ESE

8%

VSE0%

EQUITY

BUSINESS LINES

EQUITY / FIXED INCOME / MONEY MARKET / DERIVATIVES


TRADING

ALWAYS EVOLVING

1917

1995

2015


CCLV: CENTRAL COUNTERPARTY

• CCLV is a subsidiary company of Santiago Stock Exchange (97.27% owned by SSE).

• Operations begun on September 1, 2010.

• Manages two clearing and settlement systems:

Central Counterparty: for Equity Market and Derivatives.

Securities Settlement House: for long and short-term instruments, Repos.

• CCLV clears and settles a daily trading

average of 365 MM USD.

• 100% of operations were cleared and

completed on time (2014).

• Financial clearing is done through the Chilean

Central Bank and position clearing through

Depository (DCV).

• 40 Clearing Members.


Agenda



3. MILA


5. Projects

PROJECTS 2015:

CHILEAN CAPITAL MARKET

• Tax Reform

This project was approved on September 2014, and it includes four main objectives: increasing the tax

burden on three GDP points, higher tax equity to improve income distribution, new incentives for

investment and savings and less tax evasion.

Taxes

According to the Tax Reform, the corporate tax will increase progressively from 20% to 25% in 2017 if the

company is in an “integrated tax system” or up to 27% in 2018 if the company is in a “partially integrated

tax system”. The evolution of this tax is as follows: 21% (2014), 22.5% (2015), 24% (2016) 25% integrated

and 25.5% semi integrated (2017), 25% integrated and 27% semi-integrated (2018). This tax also applies

to income rates, and its maximum rate will be reduced from 40% to a 35% in 2017.

Tax Income

It is projected that it will evolve from 0.28% of GDP in 2014 to 3.02% in 2018.

2015´s measures

1. Incentive for savings.

2. The application of part of the anti-circumvention and anti-avoidance measures begins.

3. 14 ter Simplified accounting for SMEs.

4. Tax on automobile emissions.

PROJECTS 2015:

CHILEAN CAPITAL MARKET

• Labor Reform

According to the data from the Labor Department, the unionization rate in the country reached 14.2% in

2013. In this context, in the Government´s program, the authority pledged to increase the bargaining power

of workers inside the company, empowering the unions and the collective negotiation. Thus, the Labor

Code is summarized in 10 points. Incumbent union, union´s benefits, the right to strike, minimum benefits,

union equity and equal opportunities are some of them.

• Constitutional Reform

During 2015 the government will work to implement the Constitutional Reform, which will promote four

working areas in order to move forward in this matter: constitutional reforms, more capacities and

management skills, more resources for regions and more democracy and representation.

In addition to its overall objective of developing the Chilean capital market, during

2015, Santiago Stock Exchange will have its focus on the following topics:

1. Market Operational Rules.

2. Corporate Governance and Brokerage Houses Control Systems .

3. Issuers information and their relation with investors.

4. Fix income market development.

5. Santiago Stock Exchange demutualization evaluation.

6. Capital Market development.

PROJECTS 2015:


1.- Market Operational Rules:

On issues concerning regulatory improvements on the stock market, the work

done by the Board of Directors raised several key objectives that promote

liquidity, improve the price formation process and increase market competition

between market participants.

The report, which contains amendments to regulation and market operations, was

sent to the regulator in August 2014 and is awaiting approval by the Chilean

Securities and Insurance Supervisor.

PROJECTS 2015:


2.- Corporate Governance and Brokerage Houses Control Systems:

The Best Practices Committee issued a report which contains provisions on the

prevention and management of potential conflicts of interest between brokers. This

report aims to consolidate and progress in self regulation issues, providing higher

levels of trust and transparency to the market. The report was analyzed by the

Board of Directors, in order to generate a formal and mandatory document for

brokers that will also consider several other topics that tend to improve the stock

market. The final report was sent to the Chilean regulator for his approval, in

January 2015.

PROJECTS 2015:


3.- Issuers information and their relation with investors

Santiago Stock Exchange, main participant in the Chilean stock market, is working on a series of recommendations for

issuers, to strengthen market transparency. These new initiatives complement the existing high standards, developed by

Chilean Securities and Insurance Supervisor (SVS).

1. Financial information and market operations

Appropriate and active delivery of information is key for issuers and investors. All recommendations being elaborated by

Santiago Stock Exchange aims to clarify the information that may have an impact on the securities´ price listed on the

exchange.

2. About the relation between companies with investors

To promote the best practices in corporate governance and sustainability is of great importance to Santiago Stock Exchange.

Transparency in financial reports must complement business objectives, strategies, services, community relations,

environmental impact and corporate governance, amongst others.

3. Sustainability Index

Following a tender process, the Santiago´s Stock Exchange Board of Directors awarded S&P Dow Jones Indices the

construction, implementation and promotion of a new Sustainability Index, which will be made from the companies listed on

the exchange. This Sustainability Index will financially stimulate the incorporation of sustainable processes in the companies

practices of those who participate in the Chilean capital market, thus contributing to the creation of value, transparency and

the generation of important information for decision making.

PROJECTS 2015:


4.- Fix income market development

In its ongoing challenge to develop the market, Santiago Stock Exchange is working on the migration of

the trading systems for Money Market and Fixed Income Instruments to JAVA FX Platform (Desktop HT).

Main functions:

• Trading platforms with High Frequency Trading

• Dissemination of information through Market Data (FIX)

• Trading networks

User´s benefits:

• Processing capacity and speed

• New trading functions for a fast and simple operation

• Direct connection with Back Office in order to register each trade automatically

• Larger dissemination of information through Market Data (vendors and other information

distributors can be included)

• Incorporation of DMA Services to the Fixed Income Chilean market

PROJECTS 2015:


5. Santiago Stock Exchange demutualization evaluation

In January 2015, Santiago Stock Exchange Board members agreed to established a Committee of

Directors for analysis, supervision and monitoring of strategic character proposals.

In a first stage, its main objective will be to analyze and evaluate the advisability of moving towards a

process of demutualization of the Exchange activity from vertical and/or horizontal integration, regarding

national depository institutions or national or foreign operators.

The analysis will focus on international experiences to outline a work schedule that includes the best

practices and experiences already known that benefited those markets and institutions as a result of their

demutualization and integration process. The Committee will also discuss the relevance and benefits of

those processes of integration between the respective exchanges and depositories present in these

markets.

The Committee defined a preliminary work program that includes making the Board Members a proposal

regarding this issue no later than six months after their agreement.

PROJECTS 2015:


PROJECTS 2015:


6. Capital Market Development

A) Derivatives

Santiago Stock Exchange will launch the first Derivatives Market in Chile. In this market, local and foreign investors will be

able to trade standardized Future Contracts based on Equity Indices, Currency and Fixed Income assets.

These contracts will be settled by CCLV, Central Counterparty S.A., subsidiary of Santiago Stock Exchange. The launch is

scheduled for the second quarter of 2015: starting with Stock Index (IPSA Future) and Currency (Dollar/Peso) Futures. The

next step will be the launching of Fixed Income Futures (long and short rates).

B) Santiago Stock Exchange, Venture

The Venture Market offers a new segment within Santiago Stock Exchange, intended to open up and develop the capital

market for companies that are in an early stage process of growth, providing them with the opportunity to finance their

projects.

After signing and agreement in 2012, the joint work of Santiago Stock Exchange in collaboration with Toronto Stock

Exchange (TSX), aims to exploit the favorable experience of TSX, in particular its TSX Venture Exchange market,

specialized in business which are exploring natural resources, in order to replicate its business model and homologate it to

the Chilean reality.

Initially the focus will be on raising capital for small and medium mining enterprises (SMEs), which will strengthen and create

a solid bond between mining and the Chilean capital market. Subsequently, the initiative will seek to extend to other

industrial sectors.


C) Integrated Latin American Market (MILA)

MILA´s 2015 challenges:

• Positioning MILA as a country issue.

• Build a complete market infrastructure, improving securities settlement.

• Standardize regulatory issues.

• Improve and expand the supply of securities and markets.

• Joint promotion and dissemination of MILA Markets.

• Clearing and Settlement: easy, safe, cost efficient operations with duplication of processes in each

country.

PROJECTS 2015:



D) SEBRA Capital improvement

Santiago Stock Exchange is working on renewing SEBRA Capital, a administrator system for brokers and

mutual funds and private managers which automates the main business of their clients. SEBRA Capital is

used by 74% of Santiago´s Stock Exchange brokers and it processes 79% of the exchanges traded

amounts.

The main improvements are:

• Upgrading the technology platform

• Improve and expand existing functionalities

• Increase software development productivity

• Expand the range of products and services to brokers at a lower price

• New products and services for clients who are not brokers

• Alliances with other Latin American exchanges (MILA)

PROJECTS 2015:



E) A digital Santiago Stock Exchange

Santiago Stock Exchange is currently working on three major projects that will improve the institutional

digital platforms. Current and potential investors will have market information in a faster and simple way, in

all media.

1. SSE´s websites renewal: After a thorough investigation, Santiago Stock Exchange is designing a

new website, both Spanish and English version, that fits the needs of our users.

2. SSE´s SEBRA App: Santiago´s Stock Exchange customers, both general public and brokers, will be

able to access online market information through this new application. It will contain two versions:

through the Basic platform users may access all markets, create portfolios and monitor the behavior of

their favorite instruments; through its Premium platform, SSE´s brokers who own a SEBRA Terminal

will be able to access their trading work station information through this App.

3. Stock Price Twitter: This is an exclusive benefit for our followers on Twitter @bolsadesantiago.

Through a single tweet users will be able to receive IPSA´s stocks price in real time.

PROJECTS 2015:


Santiago Stock Exchange

International Relations

Email: [email protected]

Disclaimer

The content of this presentation is for general information purposes only and does not constitute advice. Santiago Stock Exchange

(SSE) tries to provide content that is true and accurate as of the date of writing; however, we give no assurance or warranty

regarding the accuracy, timeliness or applicability of any of the contents. This information is not intended to be a source for advice.

Investors should always seek the advice of an appropriate qualified professional.

plantilla ppt corporativa bolsa kit imagen

Documents