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Project Tags:

Credit

Completed

OTC

Product benefits

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By ensuring that all registration institutions can identify any duplicity of registration, interoperability increases reliability in CPR transactions.

The unicity of Rural Product Notes (CPR) is verified through the validation of a single key, which is automatically generated through the concatenation of the following fields when registering the financial instrument: original creditor document; debtor document; date of issue; and original contract code (single control code for the registration). Furthermore, operability system users now have access to the unicity validation status via screen and via file.

Resolution 304 was issued on March 20, 2023 by the Central Bank of Bazil and regulates the functioning of settlement systems, the exercise of registration activities and centralized deposit of financial assets, and the constitution of liens and encumbrances on registered or deposited financial assets within the Brazilian Payment System.

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The Rural Product Note (CPR) is a bond that represents the promise of future delivery of agricultural products. It can be issued by rural producers or their associations, including cooperatives, and is currently the main instrument for financing the agribusiness supply chain, enabling the issuer to obtain funds for the development of their rural products or enterprises.

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Timeline

  • Go-live

    Available to the market

Technical details

  • Catalog changes

    No catalog changes

  • Main systems

    NoMe

  • Main related functions

    CPR registration, change, buy and sell

  • Certification roadmap

    No impact

  • What is the Sinacor version?

    No impact