DEPÓSITO CENTRAL DE VALORES S.A. New Services

1. DEPÓSITO CENTRAL DE VALORES S.A. New Services

2. Company DCV’s Properties CORPORATION Private entity incorporated in March 1993, commencing operations in September 1995. LEGAL FRAMEWORK Subject To Law 18.876 and DL 734 1991. SUPERVISION Office of the Superintendent of Securities and Insurance. 30% 30% Sociedad Interbancaria de Depósito de Valores S.A. (Banks) Inversiones DCV S.A. (AFP) Corporate Governance 10 Board Members 4 Board Committees 23% 1% 10% 6% Auditing and Operational Risk Committee Business Committee Bolsa de Comercio de Santiago Bolsa de Corredores de Valparaíso y otros DCV Vida S.A. (Insurance Company) Inversiones Bursátiles S.A. (Electronic Stock Exchange) Technological and Processes Committee Human Resources and Compensations Committee

3. 1.711 OPERATORS Company Numbers – APRIL 2016 156 286 DEBT ISSUERS 192 MANAGEMENT OF REGISTERS DIRECT PARTICIPANTS Custody USD 282 billons UF 7.239 millions Includes domestic and international custody 96,6% 135.364 SECRITIES ISSUED IN A DEMATERIALIZED MANNER TRANSACTIONS IN APRIL

4. Area Objectives DCV Deputy Business Projects Management DCV REGISTROS

5. Project Portfolio 2015 - 2016 2015 2016 2016 NEW SERVICES PROJECTS ASSESSMENTS • Electronic registration of Collateral, Bilateral Schemes • ISO 15022, Phase 2 • Purchase and sale • Collateral • Creation of Instruments • Electronic Promissory Notes • Securities Lending, National Custody l • Integration of Derivatives Clearing House, Collateral • Custody of Bonds • Demobilized Recognitions • Agreements • Foreign Securities Stock Exchange, Settlement in Pesos • Mortgage backed Collateral Center • Enhancements to the Management System and settlement for securities Clearing Houses • ISO 15022, Phase 1Agreements • Statistical Services, New Reports • Securities Lending, International Collateral • Electronic Register of Collateral, Foreign Securities • Mutual Funds Quotas, Contributions and Buy-back in Securities • Deposit and Automatic withdrawal of Osas • Strengthen MILA • DVP Mexico • DVP Peru • Strengthen MILA: Colombia

6. Successful Case of a Project in 2015 Electronic Register of Collateral • Project performed in a two year period along with market agents. • DCV brought about a change to the Law that regulates its operations, Law Nº18.876, with the purpose of accepting the electronic systems for the positioning of collateral in the accounting systems. • As of that date only the Central Counterparty Clearing Houses and the Stock Exchanges had this possibility. • Following the legal change DCV worked with the banking sector in defining a business model. • The system is not a new type of guarantee; it replaces the legal notification with an electronic notification, when the parties are direct or indirect participants of the DCV (principals).

7. Electronic Register of Collateral Service Characteristics • It provides for a depositor or principal to instruct electronically the Central Securities Depository to register and lift blocked securities on deposit in national custody, as a result of placing or lifting of collateral with another depositor or participant. • Relevant Functionalities • Issue of certificates and electronic reports with an Advanced Electronic Signature during the registration or lifting process of collateral. • On-line information system that allows the participants to consult and obtain information pertaining to instructions and collateral. • Issue of daily bulletins with Collateral Movements in an electronic space. • Integrated with OTC Derivatives Clearing House to deliver collateral. • Time for the process of registering or lifting collateral, less than 5 seconds.

8. Electronic Register of Collateral CREDITOR/DEBTOR CREDITOR Depositors Registration and Lifting Receives Proposal / Confirms Proposal Registration and Lifting Lifting and execution Equities SWIFT PHYSICAL (Collateral Contract) INTERNET Channels MT503 – Alz. MT540 – Ejec. MT507 – Confirm Proposal MT504 – Send Proposal Interphases DCV Audit WEB Interphase Files Interphase Instructions Notarial Register Bilateral / Unilateral Registration COLLATERAL ELECTRONIC REGISTER OF COLLATERAL Services

9. Depositor / Principal Creditor Depositor / Principal Debtor Electronic Register of Collateral Registration of Bilateral Collateral – Web Interphase (1) Creditor and debtor agree on business (2) Insert collateral registration instruction (4) Confirms Collateral Registration Instruction (4) Confirms Collateral Registration Instruction (6) Obtains Certificate and Information on results electronically (6) Obtains Certificate and Information on results electronically (3) Registers instruction Registration Confirmation Pending and withhold securities on Debtors account, only when the Debtor is the one filing the instruction. (5) Issues Certificate of Electronic Position, Registers Collateral, Debtor’s Securities blocked and a Report on the Electronic Result is issued.

10. Depositor / Principal Creditor Depositor / Principal Debtor Electronic Register of Collateral Lifting of Bilateral Collateral - Web Interphase (1) Creditor and Debtor agree on lifting of collateral (2) Inserts instruction on lifting of collateral (4) Confirms Instruction on lifting of collateral (6) Obtains Report on the Results electronically (6) Obtains Report on the Results electronically (3) Registers instruction Lifting Confirmation Pending (5) Lifts collateral an unblocks Debtor’s securities Issues report on result of electronic lifting

11. Electronic Register of Collateral Statistics

12. DCV: Av. Apoquindo 4001 Piso 12, Las Condes DCV Registros: Huérfanos 770 Piso 22, Santiago Centro www.dcv.cl