Segregation of the Principal and Indexation in Amortization Events of Debentures, CRI and CRA Paid by Price Index

Mandatory

Segregation of Principal and Indexation in Scheduled Debenture, CRI and CRA Amortization Events Paid by Price Index

In scheduled amortization events of debentures, Real Estate Receivables Certificates (CRI) or Agribusiness Receivables Certificates (CRA) paid by price index, the institutions responsible for the custody of investors' securities need detailed information on the amortized amount to collect their clients’ tax.

To meet this need, B3 will provide query services on the NoMe platform for PU (Unit Price) amortization installment corresponding to the principal and indexation amounts.

This PU detail will be informed through the system by the issuer of the security or by its service providers.

Project Tags:

OTC

Completed

DCM

Product benefits

Simplificação

A utilização do nosso sistema facilita a comunicação do emissor com os custodiantes, para divulgar o detalhamento do PU de amortização.

Otimização de tempo

Agilidade no recebimento e encaminhamento da informação para os custodiantes.

Sincronismo

A informação será disponibilizada no mesmo dia do pagamento do evento.

Segurança

Centralização da informação no ambiente da B3.

Accurate PU information speeds up clients’ tax collection

The initiative brings greater transparency in receiving information needed by custodians.

PU is the unit price of a debenture, a Real Estate Receivables Certificate (CRI) or an Agribusiness Receivables Certificate (CRA) on a given date.

The Real Estate Receivables Certificate (CRI) is a fund raising instrument to finance real estate trades. It is backed by residential, commercial or construction financing, and long-term lease contracts, among others.

When buying a CRI, investors are entitled to a yield established by the issuer and, periodically or at the maturity of the certificate, they receive back the principal amount invested.

Agribusiness Receivables Certificates (CRA) are fixed income securities backed by receivables arising from trades between rural producers or their cooperatives and third parties and from financing or loans related to the production, sales, processing or industrialization of agricultural products, inputs or machinery and implements used in agricultural production.

In these trades, companies assign their receivables to a securitization company, which will issue the CRAs and make them available for trading on the capital markets usually with the help of a financial institution. This securitization company will pay the company for the assigned receivables and the company will be able to bring forward the receipt of its receivables.

Debentures are instruments issued by publicly-held or privately-held corporations and are used to finance projects or restructure a company's debt. Investors who buy a debenture are entitled to a yield established by the issuer (usually in the form of interest) and, periodically or at the maturity of the certificate, they receive back the principal amount invested.

The NoMe platform provides infrastructure to B3's OTC market and concentrates activities such as registration, deposit, trading, calculation and settlement of securities.