Activity

The Bolsa de Valores de Lima S.A. (BVL), the stock exchange of Peru, facilitates the trading of a variety of securities and assets. These include:
Equities (Shares):
* Common Shares (Ordinary Shares): Represent basic ownership in a company, usually with voting rights.
* Preferred Shares: Often have preferential rights over common shares, such as in dividend payments, but may or may not have voting rights.
* Investment Shares (formerly Labor Shares): A unique type of share in Peru that historically arose from profit-sharing with workers in certain industries.
* Foreign Securities: Shares of international companies that are listed and traded on the BVL, including U.S. securities and ADRs (American Depositary Receipts).
Fixed Income:
* Sovereign Bonds: Debt instruments issued by the Peruvian government.
* Corporate Bonds: Debt instruments issued by Peruvian companies.
* Subordinated Bonds: A type of corporate bond that has a lower priority than other debt in case of liquidation.
* Asset-Backed Bonds: Bonds whose payments are backed by a specific pool of assets, such as loans or receivables.
* Financial Lease Bonds: Bonds related to financing through leasing agreements.
* Brady Bonds: These are dollar-denominated bonds issued by developing countries (including Peru in the past) under a debt-reduction plan.
* Certificates of Deposit (CDs): Issued by banks for a fixed term and interest rate.
* Commercial Papers: Short-term, unsecured debt instruments issued by corporations.
Money Market Instruments:
* Commercial Bills: Short-term debt instruments used to finance trade.
* Promissory Notes: Unconditional written promises made by one party to pay a certain sum of money to another at a specific future date.
* Bankers’ Acceptances: Time drafts drawn on and accepted by a bank, representing a bank’s promise to pay at maturity.
Other Instruments:
* Investment Funds: Shares or units of mutual funds and other collective investment schemes.
* Exchange-Traded Funds (ETFs): Investment funds that track an index, sector, commodity, or other assets, and trade like stocks on an exchange. Examples include ETFPERUD.
* Derivatives: Although not explicitly detailed as heavily traded on the BVL itself, derivatives such as futures and options might be available or linked to assets traded on the exchange.
The BVL aims to provide a fair, competitive, orderly, continuous, and transparent market for these instruments, facilitating investment and financing in the Peruvian economy. Trading is primarily conducted through an electronic trading system called Millennium.

Video courtesy of CSOB

Video courtesy of CSOB