Brazil CCP manages to get less for more
19 January 2016 São Paulo
Image: Shutterstock
The Brazilian central counterparty (CCP) BM&FBovespa managed to complete more securities lending trades last year than in 2014 but suffered a drop-off in total revenue year-to-year.
The CCP recorded BRL 665.73 billion ($164.54 billion) in 2015 with 1,519,445 total trades, compared with BRL 735.01 billion ($181.71 billion) from 1,518,369 trades the previous year.
Month-to-month data showed securities lending revenue fall from BRL 49.83 billion ($12.31 billion) in November to BRL 44.84 billion ($11.08 billion).
Transactions volume also fell from 106,037 to 122,39 in the same period.
Brazilian exchange traded funds (ETF), in contrast, boasted significant growth year-to-year.
BM&FBovespa ETFs were valued at BRL 35.41 billion ($8.75 billion) from 2,363,773 transactions for 2015 compared to BRL 25.07 billion ($6.19) in 2014 with 1,448,635 transactions.
In December, 262,018 transactions were completed using the 17 ETFs available, down from 286,439 in November.
However, unlike the securities lending figures, ETF December trades earned BRL 3.34 billion, up from BRL 3.19 billion in November.
The CCP recorded BRL 665.73 billion ($164.54 billion) in 2015 with 1,519,445 total trades, compared with BRL 735.01 billion ($181.71 billion) from 1,518,369 trades the previous year.
Month-to-month data showed securities lending revenue fall from BRL 49.83 billion ($12.31 billion) in November to BRL 44.84 billion ($11.08 billion).
Transactions volume also fell from 106,037 to 122,39 in the same period.
Brazilian exchange traded funds (ETF), in contrast, boasted significant growth year-to-year.
BM&FBovespa ETFs were valued at BRL 35.41 billion ($8.75 billion) from 2,363,773 transactions for 2015 compared to BRL 25.07 billion ($6.19) in 2014 with 1,448,635 transactions.
In December, 262,018 transactions were completed using the 17 ETFs available, down from 286,439 in November.
However, unlike the securities lending figures, ETF December trades earned BRL 3.34 billion, up from BRL 3.19 billion in November.
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