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BEST Brazil Promotes Brazilian Financial Capital Markets To Investors In Asia

Date 13/09/2006

The Brazilian Mercantile & Futures Exchange (BM&F), the São Paulo Stock Exchange (BOVESPA), the Brazilian Clearing and Depositary Corporation (CBLC) and the National Association of Investment Banks (ANBID) promoted the second Asian edition of “BEST: Brazilian Excellence in Securities Transactions” in Singapore, on September 12th. The secretary of the Brazilian National Treasury, Mr. Carlos Kawall, the Deputy Governor for Monetary Policy of the Brazilian Central Bank, Rodrigo Azevedo, and the advisor to the board of the Brazilian Securities and Exchange Commission, Mr. Suli Fontaine took part in the event to address questions related to Brazilian local government securities markets infrastructure and domestic market regulations.

Attendees representing banks, brokerage houses, hedge funds, investment funds, custodians, and dealers listened to lectures about opportunities in the Brazilian financial and capital markets, as well as explanations of their efficiency, security, and reliability.

The goal of this event is to promote Brazilian markets to nonresident investors on a regular basis, with annual meetings planned for the main financial hubs in Europe, the United States and Asia. This year, besides Singapore (September 12th) and Hong Kong (September 14th), “BEST Brazil” took place in London and Frankfurt (April); and, in New York and San Francisco (June).

The “BEST Brazil” initiative aims to be a permanent channel for suggestions from the international community and for discussions of the main concerns of international market players in order to facilitate foreign investment in Brazil. The event also works as a forum for presenting to international investors the improvements achieved in the Brazilian capital markets.

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