Security that constitutes an expected cash payment originated by a credit operation.
It can be issued by corporations or individuals, with a banking institution as counterpart. The asset has the advantage of being an agile credit instrument that can be issued with or without collateral, real guarantee or surety. Another benefit is the possible acquisition by mutual funds, foundations and insurers. CCBs are remunerated at prefixed rate, floating rate (DI, Selic), the Price Index or Foreign Exchange Variation.
It is possible to create a certificate representing a group of notes (CCCB – Bank Credit Note Certificate). In this case, the issuer becomes both custodian and trustee of the certificate’s holder, thus responsible for charging the notes and delivering the principal and charges to the certificate holder.