here - Bolsa de Santiago

BOLSA DE SANTIAGO
MULTI-ASSET CLASS EXCHANGE
EXCHANGE-TRADED DEBT MARKET IN CHILE:
The Second Largest in LatinAmerica
Santiago Exchange is the leading player in the domestic market reaching almost 100%
market share of exchange traded debt.
TRADING CURRENCY
LEARN MORE ABOUT OUR MARKET
BONDS
•Market Depth on sovereign and corporate debt
(more than 145 issuers)
· Treasury Bonds
· Corporate Bonds
· Mortgage Backed
Securities
· Commercial Paper
· Fixed Term Deposit
•Broad range of Chilean institutional investors
actively trading on a daily basis
· CLP (Chilean Peso)
· USD
· CLF (Inflation Rate)
•Exeption on Capital Gains for international
investors*
CLEARING FEATURES
• Chile holds the highest credit rating in the
region
· CCLV as a clearing house
· DCV as CSD
· Multilateral Net Clearing with CCLV as CCP
in T+1
· Gross Settlement with CCLV as CCP in T+0
•Direct Market Access and Co-Locatio
*For long term debt instruments issued in Chile not included under Article 104
of income tax law.
USD MILLION
20,000
$10,000
15,000
10,000
$5,000
5,000
$0
MAY
‘15
JUN
‘15
JUL
‘15
AUG
‘15
SEP
‘15
TOTAL TRADE VALUE
OCT
‘15
NOV
‘15
Nº OF TRADES
DEC
‘15
JAN
‘16
FEB
‘16
MAR
‘16
APR
‘16
0
NUMBER OF TRADES
25,000
$15,000
BOLSA DE SANTIAGO
MULTI-ASSET CLASS EXCHANGE
EXCHANGE-TRADED DEBT MARKET IN CHILE:
The Second Largest in LatinAmerica
Chile has subscribed to a number of Double Taxation Avoidance Agreements with a number of
jurisdictions that enable.
TAX STRUCTURE
INTERNATIONAL INVESTORS:
ZERO TAX FOR
INTERNATIONAL INVESTORS
CAPITAL
GAINS
INTEREST
(COUPONS)
MAIN
DEBT INSTRUMENTS (Zero tax on capital gains)
CLF Instruments
CLP Instruments
BTP0600118
BCP0600221
BTP0600318
BTP0450321
BTU0451023
BCP0600318
BTP0600122
BCU0300818
BTU0300124
BCP0600518
BCP0600322
BCU0301018
BTU0450824
BCP0600618
BCP0600323
BTU0300119
BTU0260925
BTP0600119
BTP0600124
BCU0300519
BTU0150326
BCP0400119
BTP0450326
4% TAX RATE
BTU0300719
BTU0300327
BTP0600120
BTP0600134
For instruments issued under Article
104 of Income Tax Law
BTU0300120
BTU0200335
BCP0450420
BTP0500335
BCU0300221
BTU0200335
BCP0450620
BTP0600143
BTU0150321
BTU0300142
BTU0300122
BTU0300144
BCU0300118
BCU0500922
BCU0300318
BCU0300323
BCU0300718
35% TAX RATE
For long term debt instruments
issued in Chile not included under
Article 104 of income tax law.
For long term debt instruments
issued in Chile under Article 104 of
Income Tax Law
35% TAX RATE
Note: The selected securities are the most representative for the market. These securities have been
issued under article 104 of the income tax law, thus enjoying tax excemption on capital gains.
BOLSA DE SANTIAGO
MULTI-ASSET CLASS EXCHANGE
DIRECT MARKET ACCESS
Direct Market Access (DMA) services allows automatic order ruting –in real time- by the final
customer, contingent of authorization from a sponsoring broker-dealer.
DMA is available under the DMA Broker, DMA Client, DMA Introducing Broker and DMA CoLocation structures. DMA allows new players to directly access the market leading to increased
liquidity.
MARKET DATA
Market Data allows you to access the full
flow of market information for Santiago
Exchange. Its various versions allow: access
to market depth, information sharing on your
site & distribution to third parties in real time.
DIRECT ACCESS TO THE ORDER BOOK
DEPTH
SERVICE LEVELS:
-LEVEL 1 “Market Information”
-LEVEL 2 “Market Information with Depth”
VERSIONS
ANALYTICS
Access all market transactions
and depth of their offerings,
upload to propietary systems
or platforms.
VENDOR
MARKET DATA WEBSITE
Deliver added service to your
customers, giving access to
all market information
through your website or other
applications.
Allows acces to market depth,
upload to propietary systems
and data redistribution to third
parties.
COMPLEMENT YOUR SERVICES WITH:
CO-LOCATION:
-Privileged location that increases the capacity of processing orders.
DROP COPY:
-Real-time monitoring of client operations.
For additional information please contact
[email protected]
BOLSA DE SANTIAGO
MULTI-ASSET CLASS EXCHANGE
ROUTING NETWORKS:
MARKET DATA
TOP 10
Chilean Broker-Dealers Currently
Trading Fixed Income on the Exchange:
BANCOESTADO S.A. CORREDORES DE BOLSA
BCI CORREDOR DE BOLSA S.A.
www.bancoestado.cl
www.bci.cl
BBVA CORREDORES DE BOLSA LIMITADA
ITAÚ BBA CORREDORES DE BOLSA
www.bbva.cl
SANTANDER S.A. CORREDORES DE BOLSA
www.santander.cl/inversiones
BICE INVERSIONES CORREDORES DE BOLSA
www.bice.cl
BANCHILE CORREDORES DE BOLSA
www.banchileinversiones.cl
www.itau.cl
CREDICORP CAPITAL S.A.
www.imtrust.cl
LARRAIN VIAL S.A. CORREDORA DE BOLSA
www.larrainvial.com
CORPBANCA CORREDORES DE BOLSA S.A.
www.corpbancainversiones.cl
Santiago Exchange has several markets, which currently trade over USD 2 billion a day in
equities, fixed income securities, money-market instruments, investment funds and locally
registered foreign securities. During the last decade, the exchange has grown and evolved
attracting interest from all over the globe turning its equity market into a regional powerhouse
with the development of new financial instruments at its core.
DISCLAIMER
This communication is for informational purposes only and does not constitute or form part of an offer or solicitation to buy or sell shares
or securities of Santiago Exchange or listed at Santiago Exchange. None of the information or analyses presented are intended to form
the basis for any investment decision and no specific recommendations are intended. Accordingly, this communication does not
constitute investment advice or counsel or solicitation for investment in any security.
Copyright © 2016 Santiago Exchange, All rights reserved.
For additional information please access
www.bolsadesantiago.com/fixedincome