NTN-B1 Amortization

Mandatory

New Tesouro Direto system will facilitate custody agents’ transactions

With an eye on the potential for fixed income development, Tesouro Direto has boosted the supply of products to meet the needs of specific segments of the population. To this end, the National Treasury Notes Series B (NTN-B1), Tesouro Educa+ and Tesouro RendA+ were launched with short and medium-term maturity, and tied to the Brazilian IPCA inflation index.

These bonds are unique in that they do not pay the principal amount in a single installment on the expiration date, but rather in monthly installments. The first installment of the Tesouro Educa+ 2026 amortization, for instance, will be paid on January 15, 2026. All transactions for these events will be carried out at B3.

To ensure that everything runs smoothly, we are adapting the Tesouro Direto system to allow custody agents to access detailed data on settled events. The goal is to provide efficiency to transactions, alignment with regulatory standards and security in the execution of transfers to clients.

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Product benefits

Automation vs. Efficiency

Detailed data on settled events facilitates the automation of processes, increases efficiency and helps to comply with regulatory requirements.

Transaction Tracking

Facilitates monitoring of asset movements, ensuring that all transactions are duly accounted for.

Risk Identification

Allows the identification and assessment of risks associated with settled transactions, such as default or settlement failures.

Predictability

Improves the ability to predict cash flows and liquidity needs based on settled events.

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Tesouro Direto system upgrade ensures efficiency and security to Tesouro Educa+ and Tesouro RendA+ payments.

NTN-B1 bonds - Tesouro Educa+ and Tesouro RendA+ - have a profitability model consisting of an annual rate agreed upon at the time of purchase, added to the IPCA inflation index variation. The big difference in these bonds is that, unlike other public bonds, the principal is not paid on a single date, but rather in monthly installments over time:

Tesouro RendA+: Payment in 240 installments
Tesouro Educa+: Payment in 60 installments, beginning on the “conversion date” and ending on the bond’s maturity date

The Tesouro Direto system will be adapted to include and process the new event mode, i.e., the payment of NTN-B1 bond amortizations. See the main changes below.

1. Inclusion of “Transaction Type” in the API and files (MDTD / ARQ.TD.007.01):

030 - Amortization
031 - Blocked position – Judicial Freezing or ADM - Amortization
032 - B3 judicial freezing portfolio balance in amortization events
033 - Position blocked in lien as guarantor - Amortization
034 – Position received in lien as guaranteed - Amortization.

A Tesouro Direto bond intended for planning education or university expenses. With Tesoura Educa+, you invest during an accumulation period and then start receiving monthly installments of this investment for five years to cover university expenses.

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In similar manner, Tesouro Renda+ is intended for supplementary retirement plan.

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