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Greater accuracy
For transactions, which will be closer to the calculated price of the traded FRA.
Increasing Decimal Places – DIF Short Leg
New rounding rule for FRA on DI1 (DIF) short leg price brings greater accuracy to investors
New rounding rule for FRA on DI1 (DIF) short leg price brings greater accuracy to investors
FRA on DI1 (Structured Forward Rate Agreement transactions on Future Interbank Deposit), also known as DIF, will gain more accuracy by increasing one decimal place in the price defined for the transaction short leg (from three to four decimal places).
The improvement will reduce distortions caused by the current rounding of three decimal places, ensuring that the final transaction price is more in line with the market price.
Therefore, transaction prices will be even closer to the values actually traded, improving the effectiveness of the strategies. The goal is to make the product more attractive to investors.
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Product benefits
Predictability
Increasing the number of decimal places reduces price distortions and provides an optimized and predictable transaction performance.
Improvements
B3 has improved its structured transactions to make them more attractive to investors.
Learn more
The new project contributes to improving FRA on DI1 strategies, making the product more attractive to investors.
Structured FRA transaction on DI1 combines the opposite trading of two maturities of one-day Interbank Deposit average rate futures contracts (buy or sell) with quantities calibrated to neutralize the Unit Prices (PU) of each maturity. Click here to learn more about the product.
Timeline
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01/30/2025
Disclosure plan
Release plan disclosure
Technical details
Catalog changes
Alocação e Captura
Main systems
No system impacted
Main related functions
No functions impacted
Certification roadmap
In definition
What is the Sinacor version?
To be defined
