Financial instrument used in business among farmers, cooperatives and third-parties.
The CDCA is a nominative credit bond that can be freely traded, representing expected cash payments related to credit rights originating from business done with farmers (or their cooperatives) and third-parties, including financing or loans.
It is exclusively issued by farming cooperatives and other corporations working with sale, processing, or industrialization of farming inputs or machinery and implements for agricultural production. It can also be distributed in a public offering.
This asset is also used to back LCA operations.