Currency ETF BDR

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Currency ETF BDR

Currency ETF BDRs (Brazilian Depositary Receipts) are securities deposit certificates issued at B3 and backed by Forex Index Fund shares issued abroad.

The launch of Currency ETF BDRs expands the portfolio of currency products available to investors thus boosting the development of this market in Brazil.

The Currency ETF BDR provides exposure to currencies from different countries. It facilitates access to the offshore market with currency exposure and brings opportunities to diversify investments in an easy and low cost way.

Project Tags:

Listed

Completed

Interest rate and currencies

Commodities

Product benefits

Oportunidade

Para acessar o investidor interessado em diversificar suas carteiras com índices de moedas estrangeiros.

Simplicidade na operação

Com negociação no PUMA e liquidação em reais, em D+2 da data de negociação, com a possibilidade de distribuição de rendimentos.

Diversificação

Possibilidade de elaboração de estratégias, diversificação de investimentos e arbitragem com ativos estrangeiros.

Taxas competitivas

Na comparação com os fundos de moedas tradicionais, o investidor encontrará nos BDRs de ETF, na maioria dos casos, taxas menores cobradas pela administração do fundo.

Boosting the Development of Currency and ETF Markets in Brazil

Currency ETF BDRs are securities issued in Brazil and backed by ETF shares issued abroad. They help strengthen the Currency market in Brazil.

B3 is the only market manager that offers all ETF BDR trading, settlement and custody processes in Brazil.

For Currency ETF BDRs to be issued, the foreign index fund manager must sign a contract in Brazil with a depositary institution responsible for issuing the BDR. The depositary institution, in turn, must maintain an account with a custodian abroad where the securities used as collateral remain deposited and blocked.

The Currency ETF BDR structure is the same as any ETF BDR and seeks to reflect the variations and profitability before fees and expenses of currency indices, whose theoretical portfolios are mainly composed of FX assets from different countries.

B3 offers the environment for issuing and redeeming shares in the primary market according to the rules defined by the depositary institution. Furthermore, Currency ETF BDRs are traded in the secondary market with T+2 settlement according to international standards via multilateral netting.

Currency ETF BDRs are traded on the PUMA Trade System, a trading platform that brings together several functionalities and unmatched risk management and operational excellence to trade safely.

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