29.10.2012 Views

Pioneering Solution – Collateral Management - Clearstream

Pioneering Solution – Collateral Management - Clearstream

Pioneering Solution – Collateral Management - Clearstream

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Increase of transparency – advances to the current model - CED<br />

Members:<br />

CED is an initiative of CETIP and BM&FBOVESPA<br />

Exchange and Banks Associations<br />

Regulation:<br />

Instruction CVM486, from the Securities Commission<br />

provided CED with the Legal framework. The Central<br />

Bank recognised CED by the Resolution 3.908.<br />

What is CED?<br />

CED provides information about exposures related to<br />

any derivatives contracts signed between financial<br />

institutions and, mainly, companies.<br />

Objective<br />

Reduction of uncertainties and increase of<br />

transparency.<br />

OTC Derivatives – Quo vadis<br />

19

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!