March 17, 2022 |
The Brazilian government has issued new regulations for the securities sector in order "to reduce corporate financing costs and boost the capital and insurance markets," Pedro Calhman, director of economic policy at the economy ministry, said during a press conference on Tuesday.
The reforms create new financial products called receivables certificates, or CRs, and risk insurance certificates, or LRSs, according to Calhman.
The new CRs will act much like the existing agribusiness receivables cer
Government introduces new types of receivables to lower financing costs and increase activity in the local capital markets