Learn how the Brazilian exchange and clearinghouse B3 integrates its four clearinghouses into one on a multi-asset, real-time clearing system.
- Up to 90% margin savings for market participants
- More than BRL 40 billion of collateral returned to the market in the first two phases
- Derivatives and OTC products were rolled out in phase one
- Equities, corporate bonds, and equity lending markets were rolled out in phase two
- Government bonds and FX clearinghouses next to migrate to the new clearinghouse