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BRAZIL - Capital Market Infrastructure Summary

Central Securities Depositories
BM&FBOVESPA Central Securities Depository (CSD)
Sistema Especial de Liquidação e Custodia (SELIP)
Central de Custodia e de Liquidacao Financeira de Titulos (CETIP)

Central Counterparty

Settlement Cycle
T+3 for Equities
T+0 or T+1 for Bonds

Key terms defined in our glossary:

Central Securities Depository
Central Counterparty
Settlement Cycle

The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.