BACENJUD – Automation of Court Notices

Informative

B3 now integrates queries and judicial asset freezing and unfreezing automatically

The number of investors in Brazil has grown exponentially in recent years, and following this evolution, the number of court orders to freeze assets listed on B3 has also increased substantially.

To meet this growing demand and to make the investors’ routine easier, B3 has enhanced its internal processes and from now on queries and judicial asset freezing and unfreezing will be done in an integrated and automated manner on B3’s Central Depository, Registration and Tesouro Direto platforms.

Project Tags:

Listed

Completed

Product benefits

Greater agility

Automation reduces the time for queries and judicial asset freezing and unfreezing.

Fewer operational risks

Automation mitigates operational risks related to the availability of data.

Greater Speed for Court Orders on Frozen Assets

Queries, judicial asset freezing and unfreezing are now carried out in an integrated and automated manner on B3’s Central Depository, Registration and Tesouro Direto platforms.

The fulfillment of orders representing investors with assets in court proceedings is now done automatically by B3 using a simple command that can be given through an API (web message).

Through the integration between systems, the message will be distributed to the Central Depository (equities), NoMe (fixed income) and Tesouro Direto platforms.

If the order is a portfolio query, for example, the service searches, consolidates and returns to the requester a single portfolio containing all the assets owned by that client.

Likewise, in the event of a court order for asset freezing or unfreezing, by using a single command the system processes and executes the order on the three platforms. It then automatically sends a unified response to the requester.