Material name
Date
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Operational efficiency
Time and scalability gain as information is sent in real time to the institutions involved.
iMercado – Information Exchange: Issue and Distribution of Primary Fixed Income
This initiative was planned together with the market to establish standardized and safe communication for issuing and distributing Primary Fixed Income securities
This initiative aims to eliminate the use of emails or other insecure means to exchange information about the Issue and distribution of Primary Fixed Income (private market) in the OTC segment.
The goal of the initiative is to achieve operational efficiency, risk mitigation and standardized information exchange among the institutions involved, namely, Issuers and Distributors (Brokerage Houses, OTC Custodians and OTC Participants).
iMercado will be a secure channel for exchanging data on offers and purchase intentions among institutions with prior asset deposit procedures for Distributors.
Sign up and follow up the project
Product benefits
Streamlined processes
The automation streamlines and speeds up the exchange of information among brokerage houses, banks and issuers.
Operational cost reduction
Standardized communication between financial institutions becomes more agile, dynamic and fluid helping to reduce costs.
Standardized and automated flows
iMercado offers efficiency and security to the exchange of information between financial institutions
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<p>The new messages are aimed at streamlining the process of exchanging information on the issuance and distribution of private OTC Fixed Income in the primary market, which is currently done by email.</p>
<p>Issuers will be able to send messages in the morning to Distributors (brokerage houses/banks/custodians) about available offers.</p>
<p>The Distributor will return to the Issuer in a timely manner, also via message, with their purchase intentions (pre-deposit process flow).</p>
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iMercado is the services network that brings together mechanisms for exchanging trading-related messages.
The tool allows exchanging information online in a timely manner and provides direct interaction among issuers, distributors, brokerage houses, and custodians.
Timeline
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04/17/2022
Start of Certification
Available on iMercado Portal
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12/16/2022
End of Certification
Availability of messages
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04/28/2023
Go-live
Available to the market
Technical details
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Catalog changes
No catalog changes
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Main systems
iMercado Trade Management.
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Main related functions
No functions impacted
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Certification roadmap
In definition
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What is the Sinacor version?
No impact
