Central Latinoamericana de Valores S.A. (Panama)

Central Latinoamericana de Valores S.A. (LATINCLEAR) is a private company located in Panama City. It was authorized to operate as a central depository for custody, clearing, settlement, and electronic administration of securities by the National Securities Commission through Resolution No. CNV-68-97 on July 23, 1997. The company's main shareholders are brokerage houses. LATINCLEAR provides its services to investors through 35 participants, including brokerage firms, licensed banks, and other qualified financial intermediaries. The company's services in custody and administration of securities have strengthened the existing infrastructure in the securities market, making the intermediation process faster, safer, and more efficient. By creating a centralized depository like LATINCLEAR, the risks associated with physical movement of securities, such as theft, loss, forgery, and mutilation, are significantly minimized. Additionally, LATINCLEAR helps reduce costs associated with manual handling of securities and adds value to the market by assisting financial intermediaries in their management of securities for the benefit of their clients.