Brazil - Stock Market and Economy
Authors
BM&FBOVESPA S.A. - Securities, Commodities and Futures Exchange was created in 2008 with the integration between the Brazilian Mercantile & Futures Exchange (BM&F) and the São Paulo Stock Exchange (Bovespa).
Together, the companies have formed the third largest exchange worldwide in terms of market value, the second largest in the Americas, and the leading exchange in Latin America.
In today’s global scenario, in which responding quickly to transformation has become a competitive asset, BM&FBOVESPA is an attractive investment option with cost efficient trading fees.
Among its broad range of trading products, the new Exchange offers equities, securities, financial assets, indices, interest rates, agricultural commodities, and foreign exchange futures and spot contracts.
Mission Statement
As a leader in the Latin American market of equities and derivatives, BM&FBOVESPA’s mission is to act in the macroeconomic growth dynamic of the Latin American market and position, not only the Exchange, but also Brazil as an international financial hub for equities, commodities, and other financial instruments, with operational excellence and socially responsible attitudes.
http://www.bmfbovespa.com.br/english/QuemSomos.asp (Accessed on 27-11-2008)
International Investors (institutions and individuals) are allowed to hold any asset class available to domestic investors in Brazil.
According to the CMN (Brazilian Monetary Council) Resolution 2689, since international investors are not established or resident in the country, it is necessary to hire an institution to act as:
- Legal Representative
Responsible to present all the registration information of the investor to the Brazilian Authorities. When the representative is an individual or a non-financial corporation, the investor must indicate a financial institution duly authorized by the Central Bank that will be jointly and severally responsible for the representative's obligation.
- Fiscal Representative
Responsible for taxes and fiscal issues on behalf of the investor before the Brazilian Authorities.
- Custodian
Responsible to hold updated reports and control all the assets of the international investor in segregated accounts, and provide this information anytime it is required, to the Authorities and to the investor.
The financial assets and securities traded as well as other forms of financial applications must be registered, held in custody or maintained in deposit accounts at an appropriated authorized institution authorized by the CVM or Central Bank.
land: 8,456,510 sq km
water: 55,455 sq km
|
GDP (purchasing power parity): |
$1.849 trillion (2007 est.) |
|
GDP (official exchange rate): |
$1.314 trillion (2007 est.) |
|
GDP - real growth rate: |
5.4% (2007 est.) |
|
GDP - per capita (PPP): |
$9,500 (2007 est.) |
Comments
indian stock market tips
This post is really nice and informative. The explanation given is really comprehensive and informative. I am feeling happy to comment on this post. I think this is useful information for users-How does the ordinary investor fit into the equation comprising of global factors coupled with manipulation in the stock markets.
http://optiontips.in/
nifty tips
Markets dramatically change they their flow and no one exactly produce or expect 100% from their profits . Choosing the right indicator or analyzing software blended with human aspect gives better results.
regards:- http://www.trade4target.com/
optiontips.in
I really appreciate your post. It gives an outstanding idea that is very helpful for all the people on the web. Thanks for sharing this information.And I’ll love to read your next post too.
Regards:
optiontips.in
<a href="http://www.articlebillboard.com/articledetail/42035/36/Currency-Trading/Finance/3/Optiontips.in "><strong>optiontips.in </strong></a>
optiontips.in
I really appreciate your post. It gives an outstanding idea that is very helpful for all the people on the web. Thanks for sharing this information.And I’ll love to read your next post too.
Regards:
optiontips.in
<a href="http://www.articlebillboard.com/articledetail/42035/36/Currency-Trading/Finance/3/Optiontips.in "><strong>optiontips.in </strong></a>
No comments:
Post a Comment