CBLC

CBLC was established in December 1997 following its spin-off from the São Paulo Stock Exchange - BOVESPA. It provides the Brazilian market with a modern, efficient, and safe infrastructure of depository, clearance, settlement and risk management services. CBLC is the sole central securities depository (CSD) for the equity market and provides the same services to the corporate bonds market. It is also the only central counterparty (CCP) for the Brazilian equities, equity derivatives and corporate bonds markets.

All criteria for participation in its services are publicly disclosed and clearly defined, assuring market participants conditions of equitable access according to the role of each one. All the relevant information, obligations, bylaws, rules, laws and operational procedures are fully disclosed, thus promoting market transparency and efficiency. CBLC complies with the most important international recommendations established by G-30, ISSA, IOSCO and BIS.

Since its inception, CBLC plays an active role in international forums. It is the founding member of ACSDA (America’s Central Securities Depository Association) and was President of its Board between March 2001 and March 2003. It is also the founding member of CCP12, the sole Brazilian member of ISSA and was member of the Advisory Committee of the G-30.