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AGAP

A NEW ERA: after 20 years, Brazil welcomes
a better Clearing option.

Over the past 20 years, the Brazilian financial market has been dominated by a single institution. Now, with CSD BR, you have a new and better alternative. We are the only Brazilian Clearing accredited under SOC 2® – SOC for Service Organizations: Trust Services Criteria, a compliance audit for security, control, and compliance procedures based on U.S. standards defined by the American Institute of Certified Public Accountants (AICPA).

We are here to expand the market with high-quality services powered by the most advanced technology available globally. CSD BR was already your best choice for registration services, and now it is for CSD´s and SSS´s services as well. We are ready to transform your back-office operations, making financial transactions faster, more secure, and more efficient.


What is a Central Securities Depository (CSD)?

The Depository is responsible for the centralized custody of financial assets and securities. It manages the accounts of these assets, oversees their effective ownership, and ensures that all asset-related information is accurate during transactions.

When an asset is bought or sold, the transfer of its effective ownership occurs through a process in the Clearing House called “financial settlement.” This process is carried out by a Clearing and Settlement House, which facilitates the transfer of funds from the transaction via a system known as STR, managed by the Central Bank of Brazil.

In summary, the ownership of an asset is only officially transferred once the financial settlement is completed, supported by this system.


What is a Clearing and Settlement house (SSS)?

The Clearing and Settlement House is an essential Financial Market System Operator Institution within the Brazilian Payment System.
It enables the processing, clearing, and financial settlement of obligations between counterparties involved in transactions. Its primary function is to ensure that transactions are executed securely, efficiently, and without errors, minimizing the risks associated with such operations.

To achieve this, it utilizes a system called the “Reserve Transfer System” (STR), managed by the Central Bank of Brazil (BCB). The STR facilitates transfers between Reserve Bank Accounts and Settlement Accounts, ensuring the finality of financial obligations in an irrevocable manner, except through a new transaction in the opposite direction.

Regulated by Law No. 10,214/2001, CMN Resolution No. 4,952/2021, and currently outlined in Bacen Resolution No. 304/23, these entities are fundamental to the stability and reliability of the financial system, providing a robust and secure environment for transactions.


Why is CSD BR's entry into this market important?

CSD BR plays a vital role in strengthening the security, transparency, and competitiveness of the Brazilian financial market. By reducing the concentration of financial services within a single entity, we help mitigate risks and enhance the system’s resilience.

Additionally, CSD BR drives market innovation by offering advanced technological solutions that boost productivity, provide flexibility, and create opportunities for new business ventures. This, in turn, supports the financial system’s oversight by assisting regulators in monitoring risks and analyzing economic impacts.

Our mission is to deliver services that make financial operations more efficient and secure, contribute to the stability and growth of the Brazilian financial market, and foster a more dynamic environment for all participants.

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