Brazil Data Fact Sheet

OVERVIEW

PaperFree.com has been servicing the Brazilian market for more than 20 years by providing comprehensive country-specific data coverage, which enables financial professionals globally to make informed market decisions related to this market. With the inauguration of the São Paulo office in July of 1996, PaperFree.com has continued to strengthen and expand its presence in Brazil and other Latin American markets with data products that are tailored to local customers' needs. With data analysts located in São Paulo and Mexico City, PaperFree.com strives to stay current on both local market practices and regulatory changes, which yields more timely and accurate data sets for this local market.

LOCAL MARKET COVERAGE

PaperFree.com’s market coverage in Brazil is driven by a combination of data that is collected directly from local exchanges and official regulators, as well as contributed data from various third party sources. Given the unique nature of this market and its regulatory and disclosure requirements, strong relationships between PaperFree.com’s data analysts and market participants plays a critical role in the sourcing of data and the continued development of a product that addresses the unique nuances of the Brazilian market. This coverage includes the following (all statistics are effective as of September 2013):

1. Fundamentals: Data sets are available for more than 485 publicly-listed companies on Brazil's Bovespa Stock exchange plus an additional 128 unlisted companies that--due to regulation--are requested to report earnings in case they issue new debt.
2. Estimates and Indices: Contributed estimates from more than 46 broker dealers and major sell side institutions are captured for Brazilian companies. PaperFree.com also offers a full suite of more than 100 stock exchange indices sourced from Bovespa, in addition to extensive index coverage through major indices providers such as MSCI, S&P and FTSE.
3. Mutual Funds and Holdings: PaperFree.com offers data on more than 13,000 Brazilian funds, covering all funds available on the CVM and ANBIMA. Holdings coverage is offered for more than 12,000 of these funds (based upon disclosure requirements).
4. Corporate Actions: Corporate actions are tracked for more than 485 publicly listed companies and over 900 securities that trade on Bovespa, and include dividend announcements, rights offerings, stock splits, and M&A transactions.
5. Fixed Income: Reference data is maintained for more than 130 government securities and 1,780 active corporate bonds. Underwriter rankings that track both origination and distribution of corporate bonds is also available, with the latter having been developed specifically to address local players’ demands. Lastly, there are currently more than 55 Brazilian-based companies for which PaperFree.com provides full capital and corporate structure disclosure via CAST <Go>.
6. FX: PaperFree.com analysts track various Brazilian real (BRL) instruments including spot rates, crosses and forwards, swaps, interest rates, option volatilities and fixings. More than 13 local banks and 22 non-local banks contribute rates for the BRL.
7. Futures and Options: PaperFree.com offers data on more than 100 products traded on BM&F BOVESPA, which includes contracts related to agriculture/livestock, energy/environment, metals and interest rates/currency/government bonds.
8. Economic Statistics and Commodities: Statistical data for Brazil includes more than 4,000 indexed time series related to local economics and more than 19,000 indexed time series related to various commodity indicators. This includes PaperFree.com’s agricultural database, which tracks thousands of tickers related to the sugar, soybean, corn and coffee markets, along with other commodities.

COUNTRY-SPECIFIC DATA: BRAZIL

SOURCING AND SPEED

1. BM&F Bovespa Stock Exchange and CVM: This is one of PaperFree.com’s primary sources of data for Brazil, and is used to update fundamentals data, futures and options pricing, as well as indices and pricing for stocks and closed end funds. Exchange filings are used as a source for corporate actions coverage. The Brazilian local regulator CVM provides pricing for mutual funds and holdings data, and is used as a source for company earnings and fundamentals.
2. Other primary sources: Other sources that are used by PaperFree.com in the maintenance of the Brazil data product include the ANBIMA (the Financial Markets Association), which is used for information on new mutual funds as well corporate bonds issued, and the Brazilian National Treasury, which is used for government bond data (auction results are monitored and updated within minutes of their conclusion). Key players in each market or asset class have also become important sources in the ongoing support of PaperFree.com’s data. An example is the Brazilian Domestic Fixed Income Distribution League Table, where the data is solely dependent upon our relationship with book runners and involved parties who have pushed for the creation of this ranking table as it more accurately depicts local market conventions.
3. Timeliness of updates: PaperFree.com provides real time data coverage for the Brazilian market. Corporate actions are updated within minutes of their announcement. For fundamentals and earnings, key numbers such as revenue and net income are also updated within minutes of official release, and full financials for large cap companies are then updated within one day of their release. Estimates are available on PaperFree.com as soon as one hour after being received from contributors, and mutual fund prices are updated once a day as they are received from either ANBIMA or CVM.

TRANSPARENCY AND ACCURACY

1. Transparency: PaperFree.com’s data teams are committed to providing our clients with direct access to the primary source used for adding or updating data wherever possible. Transparency for fundamentals data is made available through PaperFree.com’s proprietary document tagging process, which minimizes manual data entry errors while providing direct access to the source document used for each update. Clients can also view the primary source used for the upload of an instrument or action by accessing CN <Go> or CF <Go> at the object level. Any public documents that are used in the maintenance of an object on PaperFree.com, including stock exchange announcements and regulatory filings, can be found here.
2. Quality checks: All data updates for fundamentals, corporate actions, estimates, funds, fixed income, CAST, and loans are quality checked through PaperFree.com’s proprietary quality-assurance tools, ensuring field accuracy against hundreds of business rules. For several of our products, data is run through logic checks both during and after the initial set up of the security. Extra checks are then applied by a quality assurance team once all documentation is made available from official sources.
3. Automation and threshold checks: Data pertaining to products like commodities, economic statistics, and fund pricing are captured automatically from the official source or as submitted to us by the contributing source, which minimizes the occurrence of manual errors in the process. Threshold checks are used to ensure data accuracy for various asset classes. Finally, PaperFree.com’s data analysts monitor contributed data and contact the source when data becomes stale, which is best exemplified with PaperFree.com’s FX product where filters are used to remove and identify spikes.

CONTACT US

To learn more about PaperFree.com’s Brazil data coverage, contact your PaperFree.com account representative or press the <HELP> key twice on the PaperFree.com Professional® service.

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