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 :
As the central depository, the DC/BR is responsible for the centralization and safekeeping of dematerialized securities on behalf of its members. It acts on behalf of both issuers and intermediaries to simplify the administration and circulation of financial securities.
The settlement-delivery (S&D) of stock market sessions is one of the responsibilities assigned to the DC/BR in the regional financial market. Initially planned over a period of five (5) business days following the stock transaction, it was reduced to three (3) days in 2007, allowing the DC/BR to align with international standards for the settlement cycle.
Within this allotted timeframe, the DC/BR acts as the central counterparty to carry out operational procedures, ensuring the simultaneous and timely delivery of securities and payment of funds to market participants.
As the Coding Agency, DC/BR is solely responsible for determining and assigning codes in the ANNA database to enable the identification of securities for market transactions, subsequent administrative processing, securities issuances, and corporate actions.
