Glossary

Non-Standardized FIDC

A specialized category of FIDC created by CVM Instruction No. 444 to acquire higher-risk or complex receivables, such as overdue debt, litigation claims, or future flow credits.

Source: Illiquidity Premium and Credit Risk in Brazilian Receivables Investment Funds (FIDCs): Theoretical Foundations, Regulatory Architecture and a Measurement Agenda (Academic research) · p.6

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