Limitação de perdas
O uso de limitadores de barreiras permite determinar a perda máxima que o lançador pode incorrer na operação.
Verification of Barriers Upon Expiration of Centrally-Cleared Flexible Options Contracts
Verification of Barriers Upon Expiration of Centrally-Cleared Flexible Options Contracts.
You can choose the most convenient date to verify barriers through the B3 system.
Market participants who trade Centrally-Cleared Flexible Options, namely, participants who have B3 as their central counterparty will be able to define the date on which the system will carry out verification of barriers. With this, the alternative structures for the centrally-cleared OTC market will be expanded.
Scheduling can be done between a date window (continuous interval) or on a specific date. The use of these limits will make it possible to limit the potential for trade loss.
Watch out for to the announcement of changes regarding the new system layout.
Sign up and follow up the project
Product benefits
Preservação contra imprevistos
Proteção de preço contra variações indesejadas do ativo ao qual está exposto.
Segurança
Mitigação do risco de crédito para operações com garantia, tendo a B3 como contraparte central das operações.
Process improvements mitigate risks and costs
Date flexibility expands the structure alternatives for the centrally-cleared OTC market.
The implementation of alternatives for the verification of barriers will generate changes in files such as Centrally-Cleared Option Contract Registration and Centrally-Cleared Derivatives Position Reconciliation, among others.
Flexible Options are traded in an organized OTC environment and follow rules and functionalities defined by the parties to the trade. As these are not standardized contracts, they allow flexibility in several parameters of the contract traded between the parties. It may also have specific functionalities such as price caps. At B3, flexible options are registered in the collateral model.
Collateral is provided by the central counterparty to ensure that all Exchange trades are honored. Known as CCP (Central Counterparty), it is a third party that stands between trades and assumes credit risks between those involved (buyers and sellers).
In the organized OTC market, the CCP role is played by B3. We provide the entire clearing and settlement structure for trade assets ensuring that the seller receives the money and the buyer receives the asset. For this, all risks are mapped out and managed through a robust safeguard framework for all trades.
Technical details
Catalog changes
N/A
Main systems
NoMe
Main related functions
CCP Enviar Arquivos, Registro de Contrato de Opção CCP, Conciliação de Posição Derivativos, Conciliação de posição de Derivativos com CCP. *Todas as funcionalidades acima por tela e transferência de arquivos.
Certification roadmap
N/A
What is the Sinacor version?
N/A
