Investor page

Our processes

We experience every day the importance of each process in our operation, investing time, technology and energy in efficient decision-making on a daily basis. Here we present our controls that guide the management of our funds.

Cash and Liquidity

  • Updating daily cash reserves;
  • Weekly control of liquidity risk;
  • Weekly control of fund contributions vs. redemptions;
  • Monthly update of expenses/liquidity.

Operation Guarantees

  • Monthly monitoring of the guarantee coverage index;
  • Monthly assessment of the counterparties of the FIDCs invested in.

Tax And Regulatory

  • Daily control of tax framework;
  • Daily control of asset classification;
  • Document analysis;
  • Atypical variations report.

Asset Monitoring

  • Monthly monitoring of indicators and metrics in Microsoft Power BI;
  • Monthly updating of ratings and assemblies of new assets.

Cash and Liquidity

  • Monthly liquidity control of Mezzanine and Senior quotas;
  • Monthly control of portfolio/expenses;
  • Cash generation.

Portfolio Concentration

  • VDaily verification of the percentage of credit rights;
  • Weekly monitoring of portfolio concentration;
  • Segmentation by size, nature and region.

Control of Cedant and Debtors

  • Weekly control of new defaulters;
  • Half-yearly review of assignors and debtors in judicial reorganisation;
  • Compliance and prior KYP.

Transaction Guarantees

  • Monthly assessment of FIDC counterparties;
  • Quarterly review of relevant debtors;
  • Monthly calculation of repurchases.

Tax and Regulatory

  • Daily control of tax framework;
  • Document analysis;
  • Atypical variations report.
1
FIDC regulation review
  • Eligibility criteria
  • Assignment conditions
  • Liquidity conditions
  • Profitability conditions
2
Initial Information
  • Initial completion of the form with regulation information
3
Additional Information
  • Supplementary completion of the form with information from the consultancy/manager

View indicators:

  • Consultant and manager history
  • Partners’ history
  • Investment strategy and policy
  • Analysis and selection process of credit rights
  • Assignor verification
  • Monitoring policy
  • Collection process
  • Structure of the credit analysis and commercial team
4
FIDC regulation review
  • Eligibility criteria
  • Assignment conditions
  • Liquidity conditions
  • Profitability conditions

View indicators

  • Overdue credits over 30 days (%)
  • Senior subordination (%)
  • Subordination overdue credits over 30 days (%)
  • Mezzanine subordination (%)
  • Repurchases and overdue credits over 30 days (%)
  • PDD (%)
  • Subordination major cedant and major debtor (%)
  • PDD Subordination (%)
  • Sub. 5 largest cedant and 5 largest debtor (%)
  • Repurchases/ Total equity (%)
5
Indicator Analysis
  • Objective of the criterion
  • Methodology
  • Standard soft limit
  • Standard hard limit
6
Monthly meeting for portfolio monitoring and asset evaluation
  • Quantitative and qualitative analysis
  • Decision to increase, maintain, or reduce position
  • Documentation of all points discussed in the meeting
  • Profitability conditions