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Expansion of collateral
Greater number of assets accepted as collateral, boosting the private credit sector.
Acceptance of Debentures as Collateral for B3 Clearinghouse Trades
B3 Clearinghouse now accepts debentures as collateral
B3 Clearinghouse now accepts debentures as collateral
B3 is continuously improving its services to monitor and support the rapid growth of the private credit instruments market in Brazil. From now on, it will accept the deposit of debentures as collateral for trades executed on the B3 Clearinghouse.
This initiative further facilitates portfolio management, allowing, for example, investment fund managers to carry out derivatives hedging transactions with debentures without the need to make a cash contribution or allocation in assets less correlated with their mandates.
The criteria for eligible debentures, as well as their respective limits, will soon be disclosed on the B3 portal www.b3.com.br
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Product benefits
Operational efficiency
The use of debentures to cover margin avoids cash contributions or acquring other assets as collateral.
Greater liquidity
Debentures accepted as collateral may have their liquidity increased, as may derivatives linked to inflation.
Learn more
Debentures disclosed as eligible will be accepted as collateral for trades on the B3 Clearinghouse, boosting the growth of the private credit market.
The assets allocated at OTC B3 Central Depository may be transferred by the asset holder's custodian to the B3 Clearinghouse margin account. The client's brokerage house is responsible for notifying the transaction via the B3 Clearinghouse collateral system.
Therefore, debenture holders in their portfolios may use the debentures for margin coverage.
Timeline
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12/02/2024
Go-live
Available to the market
Technical details
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Catalog changes
Only from the domain where the “DEB” collateral subtype will be added, under the Private Fixed Income collateral type. Catalogs: BVBG076 and collateral tranfer messages bvmf.166.01 (Deposit) and bvmf.168 (Withdrawal). The change, however, will be made in the ExternCodeList.
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Main systems
To be defined
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Main related functions
To be defined
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Certification roadmap
In definition
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What is the Sinacor version?
To be defined
