On
Friday, July 21st, BM&F’s Sisbex, an electronic trading
system for securities, reached a record R$ 49.2 billion. Trades
were carried out in two modalities: specific collateral repo and
forward purchase and sale transactions.
Specific collateral repos are typical money market transactions.
In these types of transactions, participants trade resources, in
multiple values of a standard lot (R$ 100 million), for fixed term
and rate, receiving as collateral government bonds.
Purchase and sale transactions of government securities via Sisbex
can be spot or forward. Same day purchase and sale transactions
can be carried out until 11:00, and are settled on the same day.
Forward purchase and sale transactions are settled on a future date,
as established between the parties, taking into account the maximum
limit of 23 business days between the transaction date and the settlement
date.
For further information about the Sisbex, click
here.
FTSE Mondo Visione Exchanges Index:
BM&F’s Sisbex Hits A Record R$ 49.2 Billion
Date 24/07/2006