ABOUT CSD BR
We are a Trade Repository (TR) of financial assets, securities and insurance policies authorized by the Central Bank of Brazil (BCB), Brazilian Securities and Exchange Commission (CVM) and approved by the Superintendence of Private Insurance (Susep).
Founded in May 2018, we use the most efficient and innovative technology to provide security, flexibility, transparency and agility to the market. With high processing capacity and process automation, we contribute to further improve the efficiency of the national financial system.
What is a Trade Repository (TR)?
Trade Repositories (TR) are entities classified as Financial Market Infrastructures (FMI) that have two very clear and defined functions:
- Publicize the operations carried out by the market;
- Assist regulatory bodies in the supervision of operations.
They are responsible for recording the transactions carried out by financial institutions, insurance companies and other institutions authorized to operate by the BCB and/or CVM, including information on the balance, movement of assets, constitution of encumbrances and liens, and more complex operations, such as the record of derivative contracts, as well as insurance policies.
How did the TRs emerge?
Globally, the visibility and importance of TRs grew in the derivatives and over-the-counter markets around 2007 and 2008, when the crisis of the American real estate bubble, known as subprime and considered the largest since the great depression of 1929, began.
At that time, it was discovered that so-called “over the counter” (OTC) transactions were not mandatorily recorded and prudential and systemic regulators had no idea of the positions (and risks) of the different market participants.
For this reason, it was seen as necessary to create the TRs, as a way to increase the systemic security of the financial market. Having an information center that could indicate the sustainability of the market became a legal obligation.
CSD BR - Innovation and technology
We are an innovative option for a market that seeks operational efficiency, better experience and robustness when it comes to collect and maintain financial operations records. We make the processes simpler and more efficient, adding services and quality to the record market. Our work also aims to further improve the efficiency of the Brazilian financial system, which emerges as one of the most advanced in the world.
CSD BR’s Platform records, controls positions and calculates the values of investments made with financial assets, securities and insurance operations, such as CDB, RDB, NDF, Swap and insurance policies.
The operational infrastructure allows the treatment and inclusion of millions of transactions per hour, capable of attending any need of the institutions regarding the increase of processing capacity.
The investment in technology has brought significant results for customers: the processing carried out in six hours by other TRs can be done in one hour by CSD BR.
