Automatização
A captura de paridades de moedas e os cálculos do derivativo passam a ser feitos automaticamente pela B3.
Non-CCP NDF Currencies – Capture of Currency Parities from Other Information Sources
With this implementation, B3 will be able to capture FX quotations from other information sources.
Always aware of the market needs, B3 has improved its NDF Currency Contract module on the NoMe platform so that it can capture FX quotations published in other information sources besides Sisbacen (the only source currently available).
Therefore, banks and fund custodians will no longer need to manually input quotations (Feeder and/or Sisbacen/Feeder-type registration) for the system to calculate the derivative’s settlement price. As well as reducing the operational impact on clients, B3 expanded the list of quotations captured for use as an underlying asset in Non-CCP NDF Currency contracts.
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Product benefits
Redução do trabalho operacional
Com o projeto, deixam de ser necessárias rotinas periódicas de input de informações no sistema, uma vez que ele capturará as cotações e fará os cálculos.
Maior flexibilidade
A automatização garante uma reposta mais ágil às demandas do mercado por novas moedas e/ou fontes de informação.
Capture of New Information Sources of Currency Parity for Non-CCP NDF Currencies
The capture of information will be expanded and automated to make other currency quotations available for Non-CCP NDF Currency contracts.
For NDF Currency contracts using currency parities disclosed in information sources other than Sisbacen, banks and fund custodians currently use the Feeder and Sisbacen/Feeder registration type, which require manual input of quotations so that the system can calculate the derivative’s settlement price.
With this improvement, B3 will expand the capture to parities from other markets so that the product can be calculated by B3, thus reducing the operational impact on its clients. For this, adjustments to Non-CCP NDF Currency screens and files will be necessary.
NDF Currencies is a OTC market product. It is usually used by institutions for FX hedging purposes thus bringing financial predictability to those who contract the product.
The Central Bank of Brazil Information System (Sisbacen) is a set of systems and resources used to centrally collect, register and store data on financial and banking transactions carried out in Brazil. At B3, Sisbacen is the information source for FX quotations.
When clients search for other information sources, B3 provides registration with the "Feeder" and "Sisbacen/Feeder" sources, which, in practice, are forms of registration that require manual input of FX contract quotations since until now the system did not capture this information.
Timeline
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10/10/2022
Go-live
Available to the market
Technical details
Catalog changes
N/A
Main systems
NoMe.
Main related functions
Módulo Termo > Termo21 > Contrato a Termo de Moedas
Certification roadmap
N/A
What is the Sinacor version?
N/A
