BM&FBOVESPA Launches Reference Interest Rates For The Fixed-Income Market - The New 3 And 6 Month Indicators To Be Published aA Of February 1

BM&FBOVESPA will begin daily publication on February 1 of two new interest rate indicators that it seeks to make into reference rates for the fixed-income market. The 3-month Reference Interest Rate (TJ3) and the 6-month Reference Interest Rate (TJ6) will be calculated for these periods, based on the one-day Interbank Deposit Futures Contract ID1 traded on the Exchange.

With the creation of the new indicators, BM&FBOVESPA offers the market an alternative to short-term interest rates for the indexation of securities such as debentures, promissory notes, among others. The TJ3 and TJ6 are based on futures contracts and will reflect the rates set by the market for three and six months.

The launch of the new reference interest rates is part of a joint effort by BM&FBOVESPA, the Federal Government and the private sector for the development of Brazil’s fixed-income market. The initiative is also part of the Exchange’s strategy to increase liquidity in the secondary market for fixed-income securities.

The indicators will be published daily as of 5pm on the BM&FBOVESPA website at indicators. The historical data of the two rates – compiled as of January 2, 2009 – will also be available.