CNJ, B3, Cerc and CIP sign an agreement to track court orders and credit assignments
Technical cooperation agreement provides for Sispreq and a national portal to monitor the chain of ownership of court orders.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM ESTADÃO · 2 MIN
An agreement reached this Tuesday (3) brings together the National Council of Justice, B3, Cerc and CIP around the creation of a mechanism for tracking court orders. According to Estadão, the pact is of technical cooperation nature and intends to create Sispreq, whose acronym covers precatório and RPVs (small value requisitions).
A precatório arises from a court decision and works as a way for public entities to pay off recognized debts. Whoever receives this right can be a company or an ordinary citizen; when the obligation is federal, the money comes from the National Treasury. Whoever has the title waits for a public body to discharge the obligation, and the agreement proposes to follow who gets this right over time.
The Brazilian Notarial College, a body that brings together notaries in the national territory, also signs the pact. The presence of notary offices suggests that the formalization of transfers will play a relevant role in the design of the system, although the facts found do not detail this function.
Among the central elements of the text is an online page with federal coverage focused on credit transfers. According to Estadão, its function is to follow who owns the right at each moment, that is, to indicate the holder of the credit at any time. For those who defend fiscal responsibility and legal certainty, the gain lies in transparency, because knowing who the creditor is and how the right was transferred reduces uncertainty. Even so, the agreement, in itself, does not change the amount of debts or the payment schedule, and the facts established do not provide a deadline for the implementation of Sispreq.
What changes for the investor
For those who invest, the movement is one of infrastructure and registration, not immediate pricing. B3, Cerc and CIP are the capital market infrastructures that appear in the agreement. Greater traceability of assignments can make it clearer to buyers and sellers of credits who is entitled to what, which tends to increase investor participation in this market. In the facts found, however, there is no indication of an effect on share prices, interest rates or the dollar, and this analysis does not suggest the purchase or sale of any asset.
Automatically translated from Portuguese.
