Brazil's Cetip launches new platform for CDs, mortgage debt
SAO PAULO Nov 1 (Reuters) - Cetip SA Mercados Organizados , Brazil's largest securities clearinghouse, launched a new product on Friday to register and identify bank certificates of deposit and mortgage-linked notes, a senior executive said.
The new platform was designed for brokerages, and aims to increase visibility and data on final buyers, Carlos Ratto, senior vice president for sales and products at Cetip, said at an event in Sao Paulo on Friday.
The decision comes after FGC, a privately held deposit guarantee fund, had difficulty finding owners of securities known in Brazil as CDBs and LCIs, he added. The securities were issued by bankrupt lender Banco BVA SA.
- White House reverses, says Obama met uncle and lived with him during law school
- Flights delayed as air pollution hits record in Shanghai
- South Africa mourns Mandela, will bury him on December 15 |
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image
- Analysis: Boeing bidders dangle goodies to win 777X jetliner