Forward contracts were developed with the purpose of being a tool for managing price fluctuation risks. Therefore, they serve as a choice to buy or sell shares for a stipulated price through a standardized contract, with settlement on a future date and with no daily settlement of accounts, unlike futures contracts.

BDRs are securities that allow Brazilians to access foreign investments without the need to send money abroad. They are like certificates that represent shares or other assets issued by companies abroad and are traded on B3. There are two types of BDRs:

#Unsponsored BDRs - Issued by a depository institution, without involvement of the foreign company issuing the underlying securities, and can only be classified as Level I, i.e., they have fewer information disclosure and distribution requirements.

#Sponsored BDRs - Issued with the awareness of the foreign company, who participates in the certificate issuance process in Brazil and hires a depository institution to mediate the transaction.

The Real Estate Investment Fund (FII) is a pool of funds intended for investment in real estate-related assets. It is up to the fund administrator, a specific financial institution, to set up the fund and carry out the fundraising process from investors through the sale of shares.

The funds raised from the sale of shares can be used to buy rural or urban properties, built or under construction, intended for commercial or residential purpose, and for the acquisition of real estate-related assets and securities, such as shares from other FIIs, Real Estate Credit Bill  (LCI), Real Estate Receivables Certificate (CRI), real estate companies’s stocks, etc.

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The most liquid Unsponsored BDRs and Real Estate Investment Funds were selected by B3 forward market. The new tickers are: