The Brazilian Central Bank

The Brazilian Central Bank’s institutional objectives are the stability of the purchasing power of the Brazilian currency and the soundness of the financial system. It also plays a fundamental part in supervising Brazil’s financial system. The Brazilian Central Bank must also ensure the soundness, normal functioning and improvement of the Brazilian payment system.

The Brazilian Central Bank provides settlement services and in this role, operates the Brazilian Real Time Gross Settlement System (the Sistema de Transferência de Reservas, STR, Reserves Transfer System) and the Sistema Especial de Liquidação e de Custódia - SELIC (Special System for Settlement and Custody), which is both the central securities depository and the securities settlement system for government securities.