.smara- promedio/icp_mes.html. Sono On o ••• Brest [sovereign bonds OF (real rates) CLP (nominal rates) Regulatory: Both of these bonds are now Euroclearable Liquidity: Good Good Avg. ticket size: USD 5-I 0mn USD 5-10mn Bid/ask spread: 3-5bp 3-5bp Avg. daily volume USD 100-200mn USD 50-100MN R

tion is high. • Foreign investors no longer need to open a custodial account to invest in local Central Bank and Government bonds as these are now Euroclearable. Onshore CLP products FX spot Regulatory: None besides notification for transactions over USD 10,000 (see above). Liquidity: Good Avg. Ticket

w issues of this paper. The new issues are only clearable in the local clearing system CRYL (although in principle the government could still issue Euroclearable paper if it desired, so far new issues since the new regulations have all been CRYL-clearable paper). Foreign investors can still participate in th