The deposit of collateral in the Clearinghouse must be in cash, substitutable by the following securities/instruments at the exclusive discretion of the Clearinghouse. The list of securities acceptable in substitution of currency is:
(i) Federal government bonds traded in Brazil (federal government bonds);
(ii) Shares of a stock issued by a publicly-traded company listed on B3;
(iii) Certificates of deposit of shares of a stock (units) issued by a publicly-traded company listed on B3;
(iv) American Depositary Receipts (ADRs) representing stocks eligible to be accepted as collateral;
(v) Brazilian Depositary Receipts (BDRs) representing equity assets traded abroad or Exchange Traded Funds (ETFs) with a reference index composed of fixed-income and equity assets traded abroad;
(vi) Fixed-income securities issued by guarantee issuing banks:
(a) Bank certificates of deposit (CDs);
(b) Real Estate Letters of Credit (LCIs); and
(c) Agribusiness Letters of Credit (LCAs);
(vii) United States dollars;
(viii) Euro
(ix) US Treasury bonds;
(x) German Treasury bonds;
(xi) French Treasury bonds;
(xii) Bank letters of credit (LCs);
(xiii) Exchange-traded fund (ETF) shares traded in Brazil;
(xiv) Shares of the investment fund B3 Margem Garantia Renda Fixa Referenciado DI Fundo de Investimento em Cotas de Fundos de Investimento (FIC);
(xv) Investment Fund Clearinghouse Liquidity (FILCB) shares;
(xvi) Debentures.
