Brazil nears structured product milestone

The Brazilian structured products market could be transformed by rules that would create a new form of structured notes – supplementing existing structures that tend to be offered in swap or fund format – according to market participants.

Sources say dialogue between the industry and the Banco Central do Brasil (BCB) is nearing fruition, with some suggesting the rules will be finalised within the next three months. Others caution this is optimistic and forecast a 2012 implementation date.

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