The asset aims to expand the mode of funding of banks, thus improving the management between the assets and liabilities of such institutions. Its creation was carried out by Provisional Measure No. 472, in December 2009; already regulated by the National Monetary Council (CMN) definitions 3,836 / 2010 and 4,123 / 2012.

Having a minimum maturity of two years and no full or partial redemption before this is one of its most significant differentials. Another important aspect is the fact that the asset has a minimum unit face value of R $ 150 thousand (or, if it contains a subordination clause, R $ 300 thousand).

ICVM 488 (2010)