Creation Link Guide - Brazil

15.01.2015

Key features

Yes/NoRemarks
Settlement free of paymentYesFor portfolio transfers only.
Settlement against paymentYesSettlement in BRL and customer shall cover their account in USD. No clean payments are permitted in BRL.
Bridge settlementNo
Shaping facilityNo 
Partial settlementYesFor equities only.
Settlement penalty feesNo 
Pre-matchingYes 
Back-to-back processingNo 
AllegementsNo 
Automatic compensationYesFor bonds and equities.
Registered securitiesYes 
Multi Market SecuritiesNo 
Lending and borrowingNo 
Proxy votingNo 
Investment FundsNo 
Liquidity Hub ConnectNo 
Sale and purchase of rightsNo 
Repo servicesNo 
Market restrictionsYesMandatory registration to access the Brazilian market.
FTTNo 
FATCA GIINYesDI5KU3.00103.ME.076
MiscellaneousYesMarket segregation per final beneficial owner and restricted to non-Brazilian residents and non-individual investors.
Type of linkCSD or settlement method
Indirect link via Itaú Unibanco S.A. a-SELIC (Sistema Especial de Liquidação e de Custódia) - book-entry;
-CETIP (Balção Organizado de Ativos e Derivativos S.A.) - book-entry;
-CBLC (Companhia Brasileira de Liquidação e Custódia) - book-entry.

a. With investors’ segregated accounts open in the books of Itaú.