Who Benefits Most from These Structures?

Small, medium and large companies across Brazil gain access to liquidity through these funds, democratizing access to capital for the productive sector. Because receivables are highly pulverized, investors benefit from reduced concentration risk compared with single-cedent structures.

Key Facts:
  • FIDCs multicedente/multisacado pool receivables from hundreds of cedents and thousands of debtors.
  • CVM Resolution 175 explicitly defines duties of fiduciary administrators, managers and custodians.
  • ID CTVM's IDSF Portal uses APIs to automate onboarding, registration and reconciliation with authorized registrars.
  • Rodrigo Balassiano is director at ID CTVM and commentator on the securitized market's evolution.
  • Automated daily compliance checks replace sample-based, delayed auditing under the new framework.