CPR Interoperability

Mandatory

Validation of the unicity of Rural Product Notes (CPR) registered at B3

When a CPR (Rural Product Note) is registered at B3, the concatenation of several fields generates a code that will be used to verify the unicity of the asset in a centralized database, shared by all registration institutions, and for the constitution of liens and encumbrances services in Brazil.

It is in this environment that the unicity of different financial instruments traded on the market is automatically validated, preventing them from being offered as collateral in more than one credit or investment transaction, for example.

This became possible thanks to the development, by B3 and other companies trading in this market, of the so-called interoperability system through which data is exchanged among registration institutions.

Launched on April 29, 2024, the interoperability system was implemented in compliance with the Central Bank of Brazil Resolution 304 published on March 20, 2023, and brings greater security to the market and to the different agents involved in CPR transactions.

Project Tags:

OTC

Completed

Credit

Product benefits

Reliability

The same CPR is prevented from being pledged as collateral more than once.

Greater safety

To the market and to all those involved in transactions using credit securities pledged as collateral.

Speed

The centralizing database, where the validation of registration is carried out, offers autonomy and speed in unicity verification.

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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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