Stock or securities popularize: Learn rules and limits for purchase
This article was translated by an automatic translation system, and was therefore not reviewed by people.
SAO PAULO - The government securities are fixed income assets issued by the National Treasury in order to raise funds for the financing of public debt. Before the Treasury Direct program to sell the securities to individuals, small investors could only buy them through the acquisition of shares of investment funds.
Because of the low risk, operational ease and the possibility of forming a long-term savings, government bonds are already very popular among retail investors. And the BM & F Bovespa want to popularize them even more. According to the latest figures from Treasury Direct, the retail investors, represented by the applications of up to $ 5 thousand, accounted for 64% of the volume applied in April.
How to participate
The Treasury Direct Web site is available for consultation 24 hours a day, seven days a week. For the purchase of government bonds, investors have the time available between 9 am and 5 am, Monday to Friday and all day on weekends and holidays.
Notably, however, that if the Treasury deems it necessary, due to market conditions - as a high volatility, for example - the sale of securities may be suspended throughout the day, indefinitely.
Purchase limit
Each investor can buy at least a fraction under 0.2, 20% of the unit price of the security being purchased, with a maximum of $ 400,000.00 per month.
According to BM & F Bovespa, the purchase limits are applied by CPF (Cadastro de Pessoa Física).
Liquidity
In order to provide liquidity of securities sold in advance by investors, the National Treasury on a weekly repurchase of securities.
The advance sale of securities, if the investor does not want to stay with them until maturity, is allowed, but without the guarantee of profitability informed at the time of purchase. If you need to sell the securities before maturity, the Treasury will pay the market value of the title.
Thus, the return may be higher or lower than the contracted date of purchase, depending on the bond price at the time of sale.
Source: InfoMoney
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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