B3 starts negotiating IPCA and GDP event contracts

B3 informed this Monday (29) that it has started negotiating event contracts linked to the IPCA (Broad National Consumer Price Index) and GDP (Gross Domestic Product).

"The products, identified respectively by the tickers PCA and PIB, were developed to allow investors to negotiate expectations about inflation and growth in a simpler, more direct and transparent way, in a regulated environment", he stated in a press release.

In the case of the IPCA contract, the reference is the monthly behavior of the indicator, added the financial market infrastructure company. In the case of the GDP contract, it is the quarterly variation of the index.

According to B3, both were authorized by the CVM (Securities Commission) initially for professional investors.

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Event contracts are derivative instruments that follow the same logic as predictive markets. They are linked to events with objective results and, in the case of B3 products, defined based on the behavior of market variables.

At the end of April, B3 announced the start of negotiations on event contracts referenced on the Ibovespa, dollar and bitcoin.

Although they are similar to traditional options, B3 states that "event contracts" are differentiated by their fixed payment, known earning potential at the beginning of the operation and limited risk for buyers and sellers.

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Source: CNN