E X C H A N G E - T R A D E D D E B T M A R K E T I N C H I L E : T h e S e c o n d L a r g e s t i n L a t i n A m e r i c a

BOLSA DE SANTIAGO MULTI-ASSET CLASS EXCHANGE

Santiago Exchange is the leading player in the domestic market reaching almost 100% market share of exchange-traded debt.

LEARN MORE ABOUT OUR MARKET •Market Depth on sovereign and corporate debt (more than 145 issuers) •Broad range of Chilean institutional investors actively trading on a daily basis •Exemption on Capital Gains for international investors* • Chile holds the highest credit rating in the region •Direct Market Access and Co-Location *For long term debt instruments issued in Chile not included under Article 104 of income tax law.

· Treasury Bonds · Corporate Bonds · Mortgage Backed

Securities · Commercial Paper · Certificates of Deposit

· CLP (Chilean Peso) · USD · CLF (Inflation Rate)

· 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

BONDS TRADING CURRENCY

CLEARING FEATURES

$15,000

$10,000

$5,000

$0MAY

‘15JUL

‘15SEP

‘15NOV

‘15JAN

‘16MAR

‘16JUN

‘15AUG

‘15OCT

‘15DEC

‘15FEB

‘16APR

‘16

25,000

20,000

15,000

10,000

5,000

0

TOTAL TRADE VALUE Nº OF TRADES

USD

MIL

LIO

N

NU

MB

ER

OF

TR

AD

ES

BOLSA DE SANTIAGO MULTI-ASSET CLASS EXCHANGE

Chile has subscribed to a number of Double Taxation Avoidance Agreements with a number of jurisdictions that enable.

CAPITAL GAINS

ZERO TAX FOR INTERNATIONAL INVESTORS For long term debt instruments issued in Chile under Article 104 of Income Tax Law

35% TAX RATE For long term debt instruments issued in Chile not included under Article 104 of income tax law.

INTEREST (COUPONS)

4% TAX RATE

For instruments issued under Article 104 of Income Tax Law

35% TAX RATE

TAX STRUCTURE INTERNATIONAL INVESTORS:

CLF Instruments CLP Instruments

BCU0300118 BCU0300318 BCU0300718 BCU0300818 BCU0301018 BTU0300119 BCU0300519 BTU0300719 BTU0300120 BCU0300221 BTU0150321 BTU0300122

BCU0500922 BCU0300323 BTU0451023 BTU0300124 BTU0450824 BTU0260925 BTU0150326 BTU0300327 BTU0200335 BTU0200335 BTU0300142 BTU0300144

BTP0600118 BTP0600318 BCP0600318 BCP0600518 BCP0600618

BTP0600119 BCP0400119

BTP0600120 BCP0450420 BCP0450620

BCP0600221 BTP0450321 BTP0600122 BCP0600322 BCP0600323

BTP0600124 BTP0450326

BTP0600134 BTP0500335 BTP0600143

MAIN DEBT INSTRUMENTS (Zero tax on capital gains)

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 exemption on capital gains.

E X C H A N G E - T R A D E D D E B T M A R K E T I N C H I L E : T h e S e c o n d L a r g e s t i n L a t i n A m e r i c a

MARKET DATA

BOLSA DE SANTIAGO MULTI-ASSET CLASS EXCHANGE

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 proprietary systems or platforms.

MARKET DATA WEBSITE

Deliver added service to your customers, giving access to a l l ma rke t i n f o rma t i on through your website or other applications.

VENDOR

Allows access to market depth, upload to proprietary 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 business@bolsadesantiago.com

DIRECT MARKET ACCESS Direct Market Access (DMA) services allows automatic order routing –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 Co-Location structures. DMA allows new players to directly access the market leading to increased liquidity.

BOLSA DE SANTIAGO MULTI-ASSET CLASS EXCHANGE

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.

For additional information please access www.bolsadesantiago.com/fixedincome

MARKET DATA

TOP 10 Chilean Broker-Dealers Currently Trading Fixed Income on the Exchange:

BANCOESTADO S.A. CORREDORES DE BOLSA www.bancoestado.cl

BBVA CORREDORES DE BOLSA LIMITADA www.bbva.cl

SANTANDER S.A. CORREDORES DE BOLSA www.santander.cl/inversiones

BICE INVERSIONES CORREDORES DE BOLSA www.bice.cl

BCI CORREDOR DE BOLSA S.A. www.bci.cl

BANCHILE CORREDORES DE BOLSA www.banchileinversiones.cl

ITAÚ BBA CORREDORES DE BOLSA www.itau.cl

LARRAIN VIAL S.A. CORREDORA DE BOLSA www.larrainvial.com

CORPBANCA CORREDORES DE BOLSA S.A. www.corpbancainversiones.cl

CREDICORP CAPITAL S.A. www.imtrust.cl

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.

 

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