Simplification
Possibility of accommodating NDF Commodities contract registration that differs from the vanilla structures in NDF Commodities financial instruments.
Non-CCP NDF – Creation of NDF Commodities VCP
New registration model brings greater flexibility and simplification
B3 is creating a VCP development front for NDF Commodities that will eliminate the need for participants to resort to other modules and financial instruments as is currently the case. For example, Swap VCP or Swap Strategy contracts where participants must replicate their desired trade with their clients.
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Product benefits
Resgitration improvement
Flexibility for other underlying assets or quotations of fixings with dates greater than those currently available.
Tax alignment
Tax alignment with the parameters and rates of the NDF financial instrument.
Operating standardization
New Registration Model
Learn about the details of NDF Commodities VCP
The aim is to use a mechanism similar to Options and Swap VCP contracts, whereby B3 provides the underlying asset. The participant informs the quotation and B3 performs the settlement price calculations. In addition, the MtM will be informed of the contract on a monthly basis.
Adjustments will be made to the registration screen and registration file and output files to reflect new fields.
NDF Commodities is an OTC market product and is usually offered by institutions to their clients as an alternative to hedge the price of commodities commonly traded in futures contracts on foreign stock exchanges.
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Timeline
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12/31/2023
Go-live
Available to the market
Technical details
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Catalog changes
N/A
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Main systems
NoMe System.
Module Forward > Launches > NDF Commodities Contract
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Main related functions
No related functions.
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Certification roadmap
No impact
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What is the Sinacor version?
N/A
