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Automation of the Subscription Right Posting Process
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%.