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The new 1,500-kilogram package aims to optimize the storage space of agribusiness warehouses and, therefore, reduce the cost of forming and carrying lots certified by the sellers.
Currently, the coffee depositor is able to check their balances of certified batches only through the agribusiness depositary. With the implementation of this initiative, we will forward, on a weekly basis, to the depositor’s registered email, a report on certified batches. This report gathers detailed information on each batch, such as: (I) the place of deposit; (II) quality characteristics; and (III) packaging used. Accordingly, B3 will consolidate the balance of certified batches of each client, providing agility in the obtainment of the balance and reliability of the data.
A subscription right is when a company decides to increase its capital by issuing new shares. In this situation, the company's shareholders have preference right to purchase the assets in the new lot. Currently, the posting of subscription rights (transfer of rights from the Company's Registration Book to B3’s environment) is carried out entirely manually with physical documents sent to B3, which makes the whole process time-consuming and with a lead time of approximately 3 days. Through this initiative, we intend to automate the entire flow, providing process autonomy to requesters while eliminating operating risks and physical documentation flows. Furthermore, lead time will be reduced by 60%.
Rollover of Commodities (Live Cattle - BR1, Corn - MR1, Soybean - SC and SO1, Ethanol - ET1 and Coffee - CR1) will now receive trade Execution Reports. Therefore, for each trade carried out, participants will receive 3 Execution Reports, one with the execution message and the agreed price of the structured rollover transaction and two additional Reports with confirmation of trades and prices of the instruments that make up the strategy legs. Furthermore, these contracts must follow the formulas for pricing the legs, as described below: Short leg: • Nature of Transaction: Different from the strategy transaction • Price: Price of the last short leg trade carried out at the time of transaction registration • Quantity: Same quantity as the strategy transaction Long leg: • Nature of Transaction: Identical to the strategy transaction • Price: Short leg price + strategy traded price • Quantity: Same quantity as the strategy transaction To accomplish this, the BR1, MR1, SC1 and SO1 contracts must have the short leg settlement price changed to the last traded price, as these contracts currently use the settlement price.
To carry out gold settlement in case the asset is deposited in collateral, the customer needs to withdraw this asset, transferring it to the gold-free portfolio, and thus, the settlement takes place. The improvement proposes that settlement can take place directly in the collateral portfolio, with no need for a prior withdrawal.
The new discount methodology aims to simplify the model and, therefore, clients will have greater predictability about the applied values.
Review of data by channel according to the current information architecture in the new commercial policy.
Evolution of data provided on the CRI & CRA channel including information on asset payment structure.