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Efficiency and simplification
Faster, fully electronic transfers bringing scale gains for investors and custodians.
Upgrade of STVM Custody Transfer – OTC
Upgrade of STVM Custody Transfer – OTC
B3 is introducing new services in the OTC segment. They will replace manual and paper transactions related to the transfer of assets of the same ownership between different financial institutions through electronic and automated processes. With this, individual investors can now carry out the portability of their assets more quickly and easily.
The form used for portability, also known as STVM (Securities Transfer Request) may be replaced with the Investor Logged-in Area at B3 for asset transfer requests and financial assets of institutions with the B3 Certifica certification.
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Product benefits
Standardization of information
Reduction of operational risks and agility in exchanges between those involved in the transaction.
Governance and transparency
It is now easier to monitor the entire custody transfer flow in real time.
Greater Efficiency for Asset Transfer
With the new services in the OTC segment, asset transfer requests (STVM) are now done electronically.
Transfer of assets of the same ownership between different custodians can now be done entirely electronically via the Investor Logged-in Area at B3. This initiative allows custodians to process the entire flow electronically through the iMercado service network and the NoME platform (OTC).
The change directly benefits individual investors enabling the custody portability of their assets. To do so, simply select the institution from which you wish to withdraw custody (origin institution) and follow the step-by-step guide to choose the destination institution (to which you wish to transfer your assets).
Automation brings efficiency to transfers, facilitates the transfer process and brings scale gains. The electronic process also mitigates any errors, thus reducing operational risks, and ensures greater standardization for the exchange of information. Furthermore, the upgrade of STVM custody allows for better governance and increased transparency in monitoring the entire flow.
External Transition
Telephone: (+55 11) 2565-5335
Email: [email protected]
Fixed Income Depository
Telephone: (+55 11) 2565-5041
Email: [email protected]
Timeline
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09/02/2024
Start of Certification
null
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12/02/2024
Go-live
Available to the market
Technical details
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Catalog changes
iMercado Messaging v.1.5, Free of Payment Transfer API v.1.0
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Main systems
iMercado, Investor Area and NoMe
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Main related functions
No functions impacted
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Certification roadmap
No impact
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What is the Sinacor version?
No impact
