As a securities depository, the DC/BR centralizes custody and ensures the book-entry circulation of securities on behalf of its members to facilitate the administration and transfer of securities. To this end :

• It opens current accounts for issuers and intermediaries authorized to hold securities;
• It records transactions initiated by members and, on its own initiative, based on information received following the trading session, carries out securities transfers related to purchases/sales of securities and certain corporate actions.

Regarding securities held by foreign investors following transactions conducted on the Regional Financial Market, the DC/BR may also act as a custodian for these securities under bilateral agreements signed with foreign or international depository or clearing institutions.

Account Registration

All listed and unlisted securities issued on the Regional Financial Market must be dematerialized and held in the books of the Central Depository without nominative reference.

The securities owner is required to appoint an intermediary (SGI/BTCC) to manage them on their behalf and oversee their financial servicing. These securities are then registered with the issuer in the DC/BR’s books to credit the accounts of intermediaries.

The accounts of members opened in the DC/BR’s books are segregated into major categories of omnibus accounts (client account, non-client account, proprietary account, pledge account, and UCITS accounts).

Securities Account Opening

Participants open and manage securities accounts, which include client securities accounts and proprietary securities accounts, kept separately. Client securities accounts are opened and recorded with a participant in an omnibus account. A client may open accounts with multiple participants of the Central Depository.