annual report grupo security - Banco Security

v a l o r e s s e c u r i t y s . a . c o r r e d o r e s d e b o l s at y p e o f c o m p a n yCorporation, subsidiary of Banco Security.i n s c r i p t i o n i n t h e s e c u r i t i e s r e g i s t e rValores Security is inscribed in the Securities Register with No.0111.o b j e c t sTo carry on business in various areas such as stock trading and trading in fixed-income securities, foreign currency, portfolio managementand financial consultancy.g e n e r a l i n f o r m a t i o nThe company was constituted under public deed dated August 26, 1981 signed before the notary Enrique Morgan Torres.r e l e v a n t i n f o r m a t i o nConstituted under public deed dated April 10, 1987. It was inscribed in the Santiago Trade Register under No.3,630 of 1987 in accordancewith the securities market and corporations legislation.It is also registered in the Register of Stockbrokers and Securities Traders on June 2, 1987, under No.0111. On October 16, 1997, anextraordinary shareholders’ meeting agreed to change its name to Valores Security S.A. Corredores de Bolsa.On August 27, 2004, the extraordinary shareholders’ meeting agreed to its merger with Dresdner Lateinamerika S.A. Corredores de Bolsaand, by its Resolution No.10098 of October 27, 2004, the Superintendency of Securities and Insurance approved this with effect fromOctober 1, 2004.p a i d c a p i t a l a n d r e s e r v e sThe company’s paid capital and reserves as of December 31, 2007 was Ch$21,044 million and its total equity was Ch$28,272 million.i n v e s t m e n t a s p r o p o r t i o n o f t h e a s s e t s o f g r u p o s e c u r i t y s . a .Valores Security represents 8.42% of the assets of Grupo Security.T r a d i n g r e l a t i o n s w i t h s u b s i d i a r y a n d a s s o c i a t e c o m p a n i e s a n d t h e p a r e n tValores Security provides different services to the subsidiaries and associates of Grupo Security S.A., and to the parent company. ForBanco Security it provides consultancy services, trading in financial instruments and trading in dollars and forwards. It also providesfinancial instrument and stock trading services for Administradora General de Fondos S.A., and also for Asesorías Security for which itoffers trading in dollars, consultancy and forward contracts.In the Group’s insurance area, Valores Security carries out operations relating to insurance policies in the case of Penta-Security, SecurityGenerales S.A. and Seguros Vida Security S.A. and insurance broking for Corredora de Seguros Security.It purchases tickets from Travel Security S.A. and provides financial information services for Global Security. It offers data processing andtelephone services for Virtual Security and audit and accounting services for Inversiones Invest Security Ltda., and financial services forInversiones Seguros Security Ltda.In the future, there is the possibility of extending the offer of these services to customers of the parent’s subsidiaries and associatecompanies.