BM&FBOVESPA S.A.

www.bmfbovespa.com.br

Tel: 55 11 2565 4000

Fax: 55 11 3107 9911

 

Representatives

Chairman: Mr. Pedro Pullen Parente

Chief Executive Officer: Mr. Edemir Pinto

 

 

Types of Securities Traded

Name of Trading Systems

(cash and derivatives)

Trading Hours

Equities :

Stocks , Brazilian Depository Receipts(BDRs), ETFs, Options on Equities         

 MEGABOLSA (NSC Trading System)

Regular time (GMT - 03:00) :
from 10:00 to 17:00 During daylight saving time (from October 16, 2011 to February 26, 2012)
(GMT - 02:00) :
 11:00 to 18:00

Derivatives :

Exchange Financial Derivatives : Futures and Options (Stock index, Interest rate, Exchange rate, Interest rate X price index, Price index, Sovereign debt Bond, Structured products)

Exchange Commodity Derivatives : Futures and options (Arabica coffee, Conilon coffe, Sugar, Ethanol, Cotton, Corn, Soybean, Live cattle, Feeder cattle);

OTC Derivatives : Swaps, Flexible options, Metals.  

 PUMA Trading System

The trading hours on the derivatives segment changes according to each contract. For more information, access:

http://www.bmfbovespa.com.br/pt-br/regulacao/horarios-de-negociacao/deri...

Fixed Income :

Government bonds, Debentures, Commercial papers, Promissory notes, Certificates of deposit, Asset-backed securities and Mortage backed securities.

BOVESPA FIX / SIOPEL Trading System)

10:00-17:00
During daylight saving time
(GMT - 02:00) :
 11:00 to 18:00

 

Supervisory Body

Equity and Derivatives :
CVM - Comissão de Valores Mobiliarios (Brazilian Securities and Exchange Commission)

Clearinghouses : Brazilian Central Bank

Name of Clearing & Settlement Organization

BM&FBOVESPA run 4 Clearinghouses : Derivatives, FX, Securities and Equities

Settlement Cycle

- Equity - Cash : T+3
- Equity - Derivatives : T+1

Derivatives : most part of the contracts T + 1

Name of Central Securities Depository

BM&FBOVESPA runs the CSD

Commissions on Transactions levied by Exchange

See 040/2011-DP Circular Letter

Taxes on Dividends, Interests

Taxes on Dividends : Exempt

Interest : 15%

2011 Share ownership thresholds (%)

 

The following sectors present thresholds to foreign capital:

Allowed foreign participation

  • Newspaper, radio and television

Ordinary Shares – 30%

 Preferred Shares – 30%

  • Financial Institutions

Ordinary Shares – Limited to the existing percentage of the October 5, 1998 Constitution.

Preferred Shares – 100%

  • Airlift

Ordinary Shares – 20%

Preferred Shares – 100%

  • Road freight transport

Ordinary Shares – 20%

Preferred Shares – 100%

  • Surveillance services and transportation of valuable goods

Not allowed

  • Lottery

Not allowed

  • Medical assistance

Not allowed

  • Activities related to nuclear minerals

Not allowed

  • Rural properties

Only under regulator’s authorization (INCRA – National institute for land reform)

  • Rural properties on border region

Only under the National Defense Council’s authorization.

 

Short selling :

Yes

Short selling conditions (if any) :

all trades must be intermediated by a local brokerage house (even in co-location environment). Also, investors need to join the Securities Lending Program provided by BM&FBOVESPA.

Holiday
20th November
24th December
25th December
31st December
1st January
3rd March
4th March
18th April
21st April
1st May
19th June
9th July
20th November
24th December
25th December
31st December
This page was last updated on: 11/19/2013 - 14:52