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Central Securities Depository, Inc. (DCV) of Chile and the Depository Trust and Clearing (DTCC, for its acronym in English) U.S. today announced they have signed an agreement that recognizes and strengthens their relationship and will provide the foundation for future collaboration.

“We are delighted to have this opportunity to bring a new level the relationship with the central securities depository of Chile, and to working with our Chilean colleagues in addressing the needs of their markets and customer support”

The objective of this collaborative venture, which will leverage technology and expertise of both organizations is to expand offerings and capabilities of DCV and DTCC. This will allow both organizations to leverage local market knowledge and develop broader offerings in Chile and throughout Latin America, at the same time reducing risks and lowering costs.

“Chile has one of the strongest economies in Latin America and represents a strong financial market and growth in the Americas,” said William B. Amity, president and chief operating officer of DTCC. “We are delighted to have this opportunity to bring a new level the relationship with the central securities depository of Chile, and to working with our Chilean colleagues in addressing the needs of their markets and support their customers.”

“We believe that this working relationship will give DCV some strategic advantages in fulfilling our mission to make the Chilean capital markets more efficient and attractive to capital market growth,” said Fernando Yates, Director General of DCV. “We expect to benefit from the experience, technology, scale and global reach of DTCC to assist in the growth of services for capital markets in Latin America.”

Previous discussions identified some possible areas of collaboration related to operational risk and business continuity. For example, CSD currently has data centers in different parts of Santiago, the capital and largest city in Chile. However, communications with backup sites located 500 kilometers from the city of Conception were destroyed and were deactivated during the earthquake of February 2010. DTCC DCV and believe there may be an opportunity to collaborate on issues of business community, leveraging of DTCC experience after 9 / 11 is the creation of redundant backup data centers.

The agreement announced today was developed after an invitation in December 2009 by the CSD to DTCC to make a capital investment of 10% and unify DCV Directory. By making this investment and join the Board of DCV, DTCC has demonstrated its commitment to the region and their high expectations for future cooperative efforts with DCV

Software AG, a world leader in business infrastructure software, announced that it has strengthened its positioning strategy in the financial market by adding new customers and their participation in key events for the sector.

Through the implementation of Software AG’s BPM, companies can automate and streamline business processes that mean a waste of time and money as those that require interaction with various back-end applications or those that are handled through emails.

Among its main advantages, BPM enables companies to
one. Modeling a process and automate their execution “within the same platform user, without having to develop additional application functionality
2. Simulate and optimize different scenarios, so that we could analyze the behavior of the business before implementing in production
3. Be integrated into a future with Airs, leading tool in modeling processes, also owned by Software AG
4. Generate specific management indicators for the processes (BAM)
5. Having the lowest cost of ownership thanks to its high productivity
with these applications, banks are able to optimize the management of their business and, consequently, their services to the public.

The company has also participated in events aimed at industry professionals, such as the International Conference on Technology for Financial Business organized by AMBA.

“We offer a tool that fits all the requirements of financial institutions, as we seek to be a business partner of companies in the sector,” said Leander Gideon, Director of Sales for Software AG Argentina.

About IDS Schemer

IDS Schemer Group is part of Software AG and is a leading provider of software “Business Process Management (BPM), solutions and services for global corporations and public organizations. With the ARIS Platform for “Process Excellence”, the company offers a portfolio of integrated and comprehensive solution to the strategy, design, implementation and monitoring of business processes, enabling companies to continually improve overall business performance. Using the approach ARIS Value Engineering (AVE), IDS Schemer consultants bridge the gap between corporate strategy, business processes, IT solutions and process control.

About Software AG

Software AG is a global leader in Business Process Excellence. In our 40 years of dedication to innovation, we have created among other products, Anabas, the first transactional database of high performance; ARIS first platform for business process analysis, and web Methods, the first server and B2B integration platform based SOA.
We are unique in the world that offer simple solutions for the business process management (BPM), with the total cost of ownership. Our industry-leading brands, ARIS, web Methods, Anabas, Natural and IDS Schemer Consulting, represent a unique portfolio: process strategies, design, integration and control, data management and SOA based integration, implementation, processes managed by SAP consulting, and strategic services processes.
Software AG in 2009 had revenues of 847 million euros (IFRS, unedited) and has over 6,000 employees serving 10,000 corporate clients and public institutions in 70 countries.
Our comprehensive services and software solutions enable companies to achieve business results faster.

Zero coma was established in 2005 to design, develop and market document management solutions among which the main one is EdasFacturas, which seeks the issuance, receipt and invoice management under the tax law which makes it obligatory to issue an electronic invoice (Law 30/2007 of 30 October and the Presidential Order 2971/2007 of 5 October) and the possibility of keeping paper invoices received in electronic format allowing, thus, the destruction of the paper.

This legislation was contained in RD 1496/2003 of 28 November and was subsequently developed in the EHA Order 962/2007 of 10 April, after which published the Resolution of October 24 defining the requirements needed to fulfill for approval certified scanning software for invoices were scanned tax value.

Zero comas was recognized and included in the website of the AEAT, a manufacturer of electronic invoicing solutions in 2007 and subsequently obtained the approval EdasFacturas the AEAT and the four Provincial Council of Alva, Guipúzcoa, Viscera and Navarre for digitization certified.

The value of the company is an indicator that the vast majority of cases, employers tend to forget and only remember him when they have to sell your company or someone makes them an offer to buy it. However, the value of the company expresses many things and can be used to measure the actions taken in the company, at a given time and their influence on it.
The other myth is that the value of the company is a metric that can only be used by large employers. Quite the contrary, it is a tool that can be used by all employers, regardless of company size and industry in which it operates.
There are many ways to calculate the value of a company from a very simple as multiplying the sales or net income by a multiple, as the most complex, involving the need to make projections for five or 10 years depending on the amount of data that have and how sophisticated the same business area.
The important thing is to be clear that as is necessary to do appraisals for any property that you have, and keep these updated valuations, entrepreneurs, business owners and shareholders must be clear of the value of their companies, at any time, and maintain updated it.
This can be done internally, as a function over the company’s CFO, and / or hire a professional in the field, which can be impartial and objective at the time of the different formulas to measure the value of company.
Before starting any process of valuation, of any size, it is necessary to obtain historical information of the company, so this is the foundation for building the future. Once this historical information is worked, there should be forward-looking building. This historical information should be supplemented with plans for short, medium and long term that the company has, as well as an analysis of the economic situation in the area of influence of the company. Despite the good economic times of the Republic of Panama, is not the same have a Super Mini in Puerto Argüelles, where the local economy is depressed, a mini Super in Chorea, with a growing population, changing and improving economically.
The simpler is the company and its books, the faster will be the projection process, however, if accounting is complicated, the construction of the projections is also complicated, requiring more time for construction.
The important thing in any case, is that your company has accounting, since without it is impossible to make a valuation and will do the accounting necessary first to start the process (and do not think this is unusual, in my years as a consultant Financial, we have found different types of companies whose records do not exist, or leaves much to be desired).
Do not worry if it is a medium or large company, and has no CFO. You may have this function in your company through an outsourcing service, without any trauma, as we understand that for many businesses, having an accounting department or accountant make them meaningful and financially viable, while hire someone in finance represents a strong brew. For this, we provide outsourcing services, which would be the first step for their accounts to another level, and to learn to make strategic decisions with a little more ill give us a higher GDP more healthy and stable.

Vice President and Minister of Economy and Finance of the Government of the Canary Islands, José Manuel Scoria, has authorized the payment of the amount for the upgrade of the cost of the powers transferred to the Island Councils for the liquidation of the financial year 2007 amounting to 9524 EUR 468

Of the more than nine million euros, the Cabled de El Hero will receive EUR 329 154 for a single payment, the Cabled of Fuerteventura, 379 478 euros, the Cabled de Grin Canaries, 3,110,382 euros, the Cabled de Linarite, 340 465 euros, the Cabled de La Gomorra, 402 891 euros, the Cabled de La Palma, 1,248,562 euros and 3,713,536 euros Cabled de Tenerife, said the Ministry of Economy and Finance in a press release.

This amount is in addition to the first two periodic payments already made, that belong to the Corporations island to cover the costs of the powers transferred this year, 102.4 million euros, and the payment of other 6 8 million euros for the impact to the councils of improving the new system of financing of autonomous regions. In total, the executive has been transferred to the Canary Islands councils so far this year more than 133 million euros.

This economic boost is a reflection of the commitment by the Government of the Federation Canaries Canary Islands (Facial) and shows the concern of the Executive canary situation facing the Island Councils, despite the economic adjustment, which is immersed.

In particular, the Ministry of Finance has authorized the payment at the beginning of each quarter of this year’s 25 percent of the cost of the powers transferred to councils for 2010.

Thus, of 204 761 128 euros for this purpose throughout the year the Cabled de El Hero has received the second quarter of this year 1,759,937 euros, the Cabled of Fuerteventura 2,658,736.50 euros, the Cabled de Grin Canaries 17,886,827.75 euros, the Cabled de Linarite, 2,279,984.75 euros, the Cabled de La Gomorra, 2,128,558 euros, the Cabled de La Palma, EUR 5,508,302.75 and the Cabled de Tenerife, 18.967.935.25 euros.

Furthermore, it has also made the second payment this year because of the impact to the councils of improving the system of financing of the Autonomous Communities and Cities Joint Regime with the Statute of Autonomy. The total for the second quarter of 2010 amounts to EUR 3,272,927.11. The Cabled de Grin Canaries has received 1,142,927 euros, the Cabled de Linarite 35 247, the Cabled of Fuerteventura 184,596.25, the Cabled de Tenerife, 1,233,367.50 euros, the Cabled de La Palma, 395 018 euros, the Town Council La Gomorra, 152,665.25 euros, and the Cabled de El Hero, 129 106 euros.

Thus, the Government of the Canary Islands to a share of this additional funding councils established by Law 22/2009, which regulates the financing system of the autonomous communities, with repercussions on the same economic benefits derived from the recognition by the Act, a variation of the population between 1999 and 2009 positive, and also contributing to the proper provision of public services made by corporations island as a result of the powers transferred to the autonomous community to the councils.

The deputy general secretary of the PSOE federal and Minister of Public Works, José Blanco, branded the national president of the PP, Mariano Raja, “bogus patriot” and warned that its objective is “to make adjustments horse” in the European economy.

On the Feast of the Rose, White visited the town this morning Areca Saragossa, where he staged a rally-lunch for more than 1,200 activists and supporters, among whom he predicted that the PSOE would win the regional and municipal elections of 2011 and the 2012 general.

So, asked all participants to avoid being “fooled” because behind all the “populist proposals” by Mariano Raja is the aim of “winning the election on the back of the crisis and then make a horse fit and throw the Zapata blame.”

In this regard, said a few days ago has been validated as the Royal Decree Law of adjustment, and that the PSOE did not have a positive vote of the PP and Raja, a “patriot cheesy”, while other nationalist parties (CIO) had “more sense of state” that the PP who recommended “less wrapped in the flag of Spain and more committed” to the real interests.

The minister asked how to say that the PP is the party of the workers “looking at the face of Raja” and deplored the “hypocrisy” of the secretary general of the PP, Dolores de Co pedal, who recalled his “Palestinian scarf” Raja and challenged to explain “what change and how” the proposed labor reform.

Cava de Burgos was now “fully satisfied” with the authorization of the Government of Castile and Leon Civic joining Bank and said that this decision “represents a major milestone in shaping the Group and facilitates the cruising speed it wants to acquire for its implementation on 1 July. “

The Ministry of Economy and Employment announced this afternoon at Burgos entity authorized to accede to the Institutional Protection System (SIP) which is part of the integration of the Group that conform Cava de Burgos, Cava Navarre and Cava Canaries.

This communication also states the need to obtain licenses from other mandatory to start the integration process must provide both the Bank of Spain and Spanish monetary authority, as the Ministry of Economy and Finance, said in a statement picked up by Europe Regional Government Press.

The authorization also involves compliance with all terms of the contract establishing the SIP. Cava de Burgos must submit periodic information for follow-up, the Ministry of Economy and Employment.

According to Europe Press reported Civic Banking sources, the Ministry of Finance also announced today the signing of the Ministerial Order authorizing the Group to operate, once it received a favorable report by the General Directorate of Treasury and Bank of Spain.

“In front are the relevant entries and other administrative processes to see Civic Banking SIP as the first bank operating in Spain, without consuming resources of Fob, launching a pioneering business model and growth and internationalization as key challenges future, “sources said

Civic Banking Group continues moving towards the beginning of its financial operations on 1 July. This afternoon, has announced the approval by the Junta de Castillo y Leon Cava de Burgos for joining the project of integration of the Civic Banking Group. In his note, the Ministry of Economy and Employment of the Junta de Castillo y Leon also stipulates the need to obtain licenses from other mandatory to start the integration process must provide both the Bank of Spain and the Spanish monetary authority and the Ministry of Economy and Finance.

It has been precisely the Ministry of Finance who is also the group announced today the signing of the Ministerial Order authorizing the Civic Banking Group to operate, once it received a favorable report by the General Directorate of Treasury and the Bank Spain.

Ahead are the relevant entries and other administrative processes to see the Civic Banking Group as the first SIP bank operating in Spain, without consuming resources of Fob, launching a pioneering business model and growth and internationalization as key challenges future?

Satisfaction. Cava de Burgos is shown fully satisfied with the decision taken by the Ministry of Economy and Employment of the Junta de Castillo y Leon, valuing hard work in recent months by the latter. For Burgos entity represents a major milestone in shaping the Civic Banking Group and cruise speed facilitates the group wants to acquire for its implementation on 1 July.

The board of directors of Caiman Gerona today approved the merger with La Caiman both entities were considering their decision-making bodies, announced today the president of the entity Gerona, Manuel Sera.

Sera, who has interrupted the board of directors held today in Gerona to report this agreement, has expressed its “satisfaction to announce that it has unanimously agreed to the commencement of the proceedings that if all goes well may lead to merger Caiman Gerona absorption by La Caiman. “

It has detailed, “The agreement also implies the creation of a territorial council formed by people linked to the Gerona area to represent the new entity, the monitoring of financial activity and the management of social work.”

The chair of the Finance Committee of the National Assembly (AN), Deputy Ricardo Sanguine, attributed the decline in economic activity in Venezuela to the national electricity crisis.

Indicators of Central Bank of Venezuela (BCV) showed the close of the first quarter of this year a significant fall in gross domestic product (GDP) of 5.8 points.

“We are in an energy crisis, and all productive activity, industrial, service, agriculture, electricity demand,” said the deputy Sanguine interviewed by José Vicente Hoy.

This is the fourth quarter continued to decline in the Venezuelan economy. ‘This had been observed’, Sanguine said.

‘It warned that we were down this quarter but did not imagine that 5.8 points, which is a substantial rate, which are visible from the effects of the oil sabotage and coup detach. “

The congressman recalled that despite the economic downturn in the episodes mentioned that took place in 2002, ‘advanced greatly and the following year we had significant growth, not seen in the history of Venezuela’s economy. “

‘on this occasion can not be different, “said Rep. Purist.

“We are encouraging the development of productive activities of social property, social production companies in all areas: agriculture, industry, service, distribution and marketing of products,” he said.

Sanguine said that the state control of strategic companies that were in private hands would boost the economy.

Venezuela faced in late 2009 and early 2010 an electricity crisis due to a severe drought that affected the course of the rivers that feed the main dams that generate electricity to the country.

This situation prompted the government to build national systems of electricity production alternatives to hydropower. The Geri dam supplies the country 70% of its energy.