SVS approves a CCLV´s regulation and gives green light to the central counterparty for the derivatives market

The Chilean Securities and Insurance Supervisor approved modifications to the Regulation of the CCLV Central Counterparty S.A. to incorporate clearing and settlement of derivative instruments to the Central Counterparty´s System, approval endorsed by the Chilean Central Bank.

This announcement is a key milestone in the creation of a derivatives market in Chile. From now on the Santiago Stock Exchange and CCLV Central Counterparty, are merely waiting for the SVS to approve the Regulation of the Futures Market of the Santiago Stock Exchange, to establish and announce the beginning of the Futures Market, allowing the capital market, particularly institutional investors and local and foreign brokers, the possibility to negotiate in Chile investment instruments in an open and regulated market.