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Brazilian securities and clearing house Cetip will benefit from the removal of so-called macroprudential measures on consumer loans by local central bank BCB, according to a Barclays Capital research report.
The measures involve a reduction in capital requirements for short-term consumer loans, which should help to ease conditions in vehicle financing, according to the report.
New vehicle sales decreased 12% month-on-month in October, which could be an important indicator of more substantial economic slowing, the report added.
Cetip's GRV unit is involved in the processing and custody of credit operations and also offers information and solutions for the vehicle finance industry.