Invoice qualification
More than 100 checklist items to evaluate the quality of invoice information.
Commercial Trade Bills
Receivables Investment Funds (FIDCs) can now register and regulate their trade bill portfolios with B3.
Receivables Investment Funds (FIDCs) can now register and regulate their trade bill portfolios with B3.
Brazil’s trade bill market has undergone significant changes since the enactment of Resolution 175 by the Brazilian Securities and Exchange Commission (CVM).
The new regulatory framework for investment funds established the mandatory registration of receivables, such as commercial trade bills, with a registration institution authorized to trade by the Central Bank of Brazil.
Therefore, the new Receivables Investment Funds (FIDCs) must now comply with Resolution 175. Furthermore, existing funds must regulate their trade bill portfolios by November 2024.
B3 has a complete environment for fund managers, custodians and fund administrators to comply with Resolution 175, featuring an integrated platform for depositing, registering and trading securities.
B3 Trade Bill Registration service optimizes your company's processes, offering solutions to register product or service trade bills, while validating and monitoring commercial invoices in a transparent manner with the credibility of the Brazilian stock exchange.
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Product benefits
Trade bill unicity
B3 carries out prior unicity checks. We check whether or not the characteristics provided are registered in the interoperability environment.
Invoice monitoring
Monitor the events occuring on the invoice that serves as input for the registration.
Integration with Liens and Encumbrances
Functionality available for requests via file.
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We register product or service trade bills, and validate and monitor commercial invoices.
- 100% of registration is done through interoperability with other registration institutions in the market, thus preventing duplicate trade bills.
- Online registration reduces credit risk.
- Specialist service and support during and after the integration process.
- Consistency in processing high volumes.
- Simplified and transparent fee structure:
- No permanence fees. The fee is charged only upon registration.
- No minimum fees per registration or minimum monthly invoice.
- No charges on unicity checks.
- No charges on trade bill changes.
B3 Trade Bill Registration optimizes processes and includes functionalities for registration of service and product trade bills, besides validation and monitoring of commercial invoices. Starting in the third quarter of 2024, the Trade Bill Registration service will also include the Automatic Reconciliation module via API, which will allow the automation of regulatory reconciliation of registered trade bills, making the whole process more efficient and accurate. Furthermore, the service includes the Automatic Proof of Registration functionality, which allows submission of proof requests and download of information on registered trade bills.
Published by the Brazilian Securities and Exchange Commission (CVM) in December 2022, Resolution 175 consolidated the rules and regulations for investment funds, marking a major step in the modernization and innovation of the regulatory environment for investment funds in Brazil and better regulating the roles and responsibilities of fund administrators, custodians and managers.
Timeline
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09/30/2024
End of market tests
Automatic proof of registration: 3Q24. It will allow submission of proof requests and download of information on registered trade bills. via screen in T+1.
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09/30/2024
End of market tests
Reporting to the Manager (API): 3Q24. Enables queries of your receivables registration records directly on B3.
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11/29/2024
Go-live
Available to the market
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11/29/2024
End of market tests
Automatic reconciliation (API): August 2024. This tool will allow the automation of regulatory reconciliation of registered trade bills.
Technical details
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Catalog changes
No catalog changes
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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?
No impact
