Full Trading Participant (PNP)
Full Trading Participant (PNP) is the access authorization for trading purposes in the following the market groups:
	
		
			| Market Group | 
			Description | 
		
	
	
		
			| Equity and Corporate Debt | 
			
			
				- Shares, Brazilian Depositary Receipts (BDRs) and spot units
 
				- Exchange-traded investment fund shares 
 
				- Fixed-income securities issued by nonfinancial institutions
 
				- Fixed-income securities issued by financial institutions
 
				- Securities lending
 
				- Equity derivatives and Exchange Traded Funds (ETFs)
 
			 
			 | 
		
		
			| Derivatives | 
			
			
				- Financial derivatives
 
				- Commodity derivatives
 
				- Gold as a financial asset
 
			 
			 | 
		
		
			| Foreign exchange | 
			
			
				- Spot FX (interbank market)
 
			 
			 | 
		
	
Reference Material:
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