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Cetip to benefit from lower consumer loan capital requirements, says Barclays

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Tuesday, November 15, 2011

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.

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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.