The Santiago Stock Exchange and Depósito Central de Valores released a new manual that specifies the characteristics and functionality with which to participate in Initial Public Offerings within the scope of the Latin American Integrated Market, MILA. The document is intended to guide and orient Chilean brokers in order that they can receive orders from investors of brokers of Colombia and Peru who are enrolled in MILA, and thus be able to participate in a primary placement in Chile.
Through this new tool, foreign brokers will be able to offer their clients more investment alternatives using MILA infrastructure, which will additionally translates into a direct benefit for Chilean issuers as it expands the variety of investors who may participate in an opening.
The document considers the intermediaries, the order registry, the responsibility of brokers and investors, the manner in which transfers should be made, the procedure for entering orders and the guarantees exigible to MILA institutional and non-institutional clients, among others.
This manual driven by the Santiago Stock Exchange and DCV is part of the continuous work of the institutions in search of further contributing to the MILA value proposition, which seeks to help brokers expand their business, increasing the market activity of the countries that comprise the Integrated Market.
The document may be downloaded from the Santiago Stock Exchange corporate website, www.bolsadesantiago.com, and DCV´s.
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