Bolsa de Santiago

Bolsa de Santiago

Corporation listed on Bolsa de Santiago

Juan Andrés Camus Camus - Chairman

Juan Andrés Camus Camus - Chairman

Authorities

Chairman
Juan Andrés Camus Camus

Vice-Chairman
Eduardo Muñoz Vivaldi

Board of Directors
Roberto Belchior
Antonio Castilla
Fernando Larrain Cruzat
Jaime Larrain Vial
Rodrigo Manubens Moltedo
Paula Valenzuela Peña
Óscar von Chrismar Carvajal
Enrique Marshall Rivera
Jorge Quiroz Castro

General Manager or CEO

José Antonio Martínez Zugarramurdi

Bandera Esquina Moneda, La Bolsa 64,
Santiago de Chile, Chile

Phone: (562) 2399-3000
www.bolsadesantiago.com 

Main products and markets

  • Shares
  • Investment fund units
  • Fixed income
  • Short-term debt instruments
  • Currencies (gold, dollar)
  • Foreign equities
  • Venture Market
  • Derivatives Market

Main shareholders

The principal shareholders of Bolsa de Comercio de Santiago are the stockbrokers who are members of the Exchange.

Trading hours

Trading system
Schedule
Shares, Investment Fund Units, Gold, Dollars and Foreign shares
Open Outcry (Trading Floor)
Rueda Única
09:30 to 16:00
Telepregón
09:30 to 16:00
Note: Between October and April, trading is extended to 17:00 (daylight saving time)
Traditional Auction (Trading Floor)
At 09:15, 12:30, and 15:45
Electronic Auction
Auction 1
10:30 to 10:40
Auction 2
11:30 to 11:40
Auction 3
13:30 to 13:40
Auction 4
15:30 to 15:40
Serial Auction
Auction 1
09:30 to 13:00
Auction 2
13:00 to 16:00
Debt Instruments
(IRF-IIF: Corporate Bonds, Bank/Central Bank Bonds, Notes, and Time Deposits)
Electronic Auction IRF & IIF
Auction 1
09:30 to 09:40
Auction 2
10:00 to 10:10
Auction 3
10:30 to 10:40
Auction 4
11:00 to 11:10
Auction 5
11:30 to 11:40
Auction 6
12:00 to 12:10
Auction 7
12:30 to 12:40
Auction 8
13:00 to 13:05
Auction 9
13:15 to 13:20
Auction 10
13:40 to 13:45
Auction 11
15:50 to 15:55
Telerenta IRF & IIF
Between 9:00 and 16:00
Note: Between October and April, trading is extended to 17:00 (daylight saving time)
Dutch Auction
Auction 1
10:45 to 10:55
Auction 2
11:45 to 11:55

Market data

(Additional information at www.fiabnet.org)
Item
2019
2010
2005
2000
Total market capitalization (millions of US$)*
211,428
362,635
153,376
52,811
Number of listed companies
281
231
246
260
Stock Index Level
S&P CLX IGPA
23,393
22,979.22
9,206.10
4,869.04
S&P IPSA
4,670
4,927.53
1,964.47
1,084.41
Number of brokerage companies
25
32
34
37
Total value of share trading (Millions of US$)
43,232
55,937
18,96
5,433
Total value of bond trading (Millions of US$)
272,998
177,44
105,94
41,85
* Includes domestic and foreign companies
Market Capitalization - (US$ Millions)
Total value of Share trading - (US$ Millions)
Total value of Fixed Income trading - (US$ Millions)

Market capitalization split by economic sector

 
Sector
2019
2018
%
%
Industrial
8
10
Mining
4
5
Banking, financial and insurance
19
22
Agricultural
1
1
Retail
8
10
IT
2
1
Utilities
16
19
Other
42
32
Total
100
100
*  Only includes domestic
2019

Organization chart

Organization chart

Financial indicators

2019
2018
Net Income (U$S thousands)
10,174.74
9,440.33
ROE (Net Income/shareholders’ Equity)
21.07%
18.73%
ROA (Net Income/Assets)
14.03%
12.18%
EBT/Shareholders’ Equity
22.39%
21.46%
EBT/Assets
14.91%
13.96%
 » Bolsa de Santiago

Clearing, settlement and depositary services

The Clearing House system allows for clearing and settlement of orders executed in fixed income and money market instruments with T+0 and T+1 settlement terms, additionally to simultaneous transactions (Repos) with a T+0 settlement term. Arranged in accordance with order execution, this system consists of the following processes: automated order entry; online netting; order allocation; collateral calculation; order acceptance; settlement hedging; settlement supplement; settlement verification; ordinary trade settlement and extraordinary trade settlement.

Central counterparty - CCP

The Central Counterparty system allows for clearing and settlement of orders executed in equity instruments with T+2 settlement term, and orders executed in fixed income instruments with T+1 settlement term.

The clearing and settlement procedure designed for equity instruments is equal to the one defined above, except for the fact that, during order acceptance, CCLV irrevocably becomes creditor and debtor of the rights and obligations deriving from the clearing orders that are accepted by the system.

Clearing and settlement of profits or losses originating from orders executed in derivative instruments include the following processes: order entry, registration, and acceptance; order clearing; intraday order valuation; and order settlement.

Member of the following organizations

  • Federación Iberoamericana de Bolsas (FIAB) – 1973
  • World Federation of Exchanges (WFE) – 1991
  • Sustainable Stock Exchanges (SSE) – 2014

Agreements with other Exchanges

  • Bolsas de México, Sao Paulo, and Buenos Aires – 1991 – Information sharing agreement.
  • Bolsa de Madrid – 2005 – Coordination agreement.
  • Bolsa Mexicana de Valores, and BM&FBOVESPA – 2007 – Integration agreements on mechanisms for mutual recognition of securities listings within the framework for consolidation of the FIAB-led project.
  • Bolsa de Comercio de Santiago (with DCV S.A.), and Bolsa Mexicana de Valores (with INDEVAL S.A.) – 2008 – Formal consensus on willingness to work for implementation of mechanisms enabling integration of their capital markets.
  • DCV S.A., Bolsa de Valores de Colombia – DECEVAL, and Bolsa de Valores de Lima – CAVALI S.A. – 2010 – Integrated market model – phase 1 implementation agreement.
  • Bolsa de Valores de Colombia, and Bolsa de Valores de Lima – 2010 – MILA (Latin-American Integrated Market) origination agreement.
  • Bolsa de Comercio de Santiago, and BM&FBOVESPA – 2010 – Joint operation strategic agreement providing connectivity between both Exchanges. It also includes   BM&FBOVESPA’s support and cooperation for development of the Chilean derivatives market.
  • Bolsa de Santiago & TSXV – 2014 – Joint operation where is born the Venture Market of Santiago Stock Exchange. The duble listing in the Santiago Exchange Venture will allow listed companies in TSXV not only connect with Chilean investros, but also with the investment community in Colombia, Mexico and Peru through the Mercado Integrado Latinoamericano (MILA), who is part of the markets of this countries.
  • Bolsa de Santiago and S&P Dow Jones Index (“S&P DJI”) launches the first sustainability index in Chile -2015-, under the name Dow Jones Sustainability™ Chile Index (DJSI Chile Index). Is the first in its type using the calculus methodology of Dow Jones Sustainability Index and the first to use IPSA basis.
  • MOU is signed with Korea Stock Exchange -2015-, with a strong focus on the development of new investment instruments for the local market.

Edited by FIAB Secretariat. The information referred to member exchanges and markets compiled in this Handbook has been provided to FIAB by these entities and is updated up to July 2023. Every effort has been made to ensure that the information in this edition is accurate at the time of its publication. FIAB Secretariat cannot accept responsibility for errors or omissions.