Nasdaq to Deliver Post-Trade Technology to Depósito Central de Valores (DCV)
May 24 2017 - 8:00AM
The Chilean central securities depository (CSD)
will boost its infrastructure capabilities and increase
efficiencies with fully-fledged CSD solution based on the Nasdaq
Financial Framework
NEW YORK and SANTIAGO, Chile, May 24, 2017 (GLOBE
NEWSWIRE) -- 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: |
|
|
|
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 |
|
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Nasdaq via Globenewswire
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