Thursday April 17 2025
News Source: Global Exchanges
Focus: Clearing & Settlement
Type: General
Country: Brazil
On 14th April 2025, Brasil Bolsa Balcao S.A. (B3) announced new version of the Clearinghouse Risk Management Manual will come into effect, with changes to the introduction of Chapter 6 – Collateral management.
The changes aim to improve the collateral deposit process, promote greater efficiency and mitigate the risks to which the B3 Clearinghouse is exposed, especially in regard to the processes of handling and managing use of collateral, in the case of participants’ failure to comply with obligations.
This will assure the solidity of its safeguards structure and reinforce, as already foreseen in the Clearinghouse normative documents, the responsibility of the clearing member, settlement participant, full trading participant, trading participant and controlling guarantor regarding the authenticity and legitimacy of the collateral delivered to the Clearinghouse, directly or by participants linked to it, and regarding the credit risk of the issuance and the perfection and enforceability of collateral.
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