Book Entry Commercial Paper

Optional

The Book Entry Commercial Paper is a capital markets platform that ensures the effectiveness of your Compliance process from end to end.

The book entry of Commercial Papers was enabled through Law No. 14,195 dated August 16, 2021. The new regulation made the issue of Commercial Papers more flexible, thus meeting capital markets demands.

On October 7, 2021, B3 published Circular Letter 122/2021 – PRE informing the market that it would start to admit the registration and centralized deposit of Book Entry Commercial Papers. In this disclosure, some requirements were made for new issuances, which will become more flexible within a pipeline of improvements built together with our clients. The platform will serve different markets and will help users meet the requirements for preventing money laundering, terrorist financing, KYC processes, and fraud prevention.

Project Tags:

OTC

Completed

DCM

Product benefits

Greater flexibility

B3 will allow the mismatch between the issue date of the Book Entry Commercial Paper and its profitability start date.

New Remunerator

Remunerator option not calculated by the system will allow the use of price indices as the value informed by the Issuer.

Scheduled payments

The Commercial Paper may include scheduled interest and amortization payment on non-continuous dates.

Outstanding payments

Furthermore, whenever necessary, the Issuer may enter new outstanding payments.

Changes to Book Entry Commercial Paper

New features make registration of Book Entry Commercial Papers easier at B3.

Soon after the enactment of Law No. 14,195, B3 began to work together with the market to establish the adjustments necessary to accommodate the new instrument. It started by making the product more flexible, opening up the possibility of mismatch between the instrument’s issue date and the profitability start date and making the IPCA (Extended Consumer Price Index) available as a remunerator. In addition, new implementations will be carried out throughout the year in line with Law No. 14,195.

Commercial Paper is a corporate debt bond issued by corporations, limited liability companies or cooperatives. It represents a promise of payment made by its issuer.

The NoMe platform provides infrastructure to the OTC market and comprises registration, deposit, trading, and settlement activities, among others.