Brazil

ISO: 
BRL
Currency: 
Brazilian Real
DAC 2006 Income Category: 
Lower Middle Income Country
Region: 
Latin America
Product capability: 
Non-deliverable products available
DAC 2006 Risk Category: 
Medium
Financial data
Benchmark: 
CDI, 180-day Pre-DI
Max Fixed Rate Tenor: 
15.00 yrs fixed
Source of data: 
Bloomberg
Benchmark description: 
CDI = Brazil CETIP Deposito Interbancario (Interbank Deposit) rate = overnight DI rate. CDI is calculated by CETIP. Pre-DIs are calculated by the Bolsa de Mercadorias & Futuros (Brazilian Mercantile & Futures Exchange) CETIP = Center for Custody and Financial Settlement of Securities. Pre-DI = Brazilian swap rate, where Pre is the fixed rate and DI is the floating rate
Tenor availability: 
Available
Day count convention (benchmark): 
act/360
Day count convention (benchmark) source: 
confirmation
Day count convention (bonds): 
bus days/252
Day count convention (swap): 
act/360
Day count convention (swap) source: 
BCSWN (BB)