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Investor Information
Specific Settlement Procedures for the First Trading Date for Santander Units on October 7, 2009.
Margin Intervals
CM-TIMS, risk management system, BOVESPA FIX, corporate bonds market and Margin Account since January 26.


Full dematerialization
Accounts segregation
Daily reconciliation
Collateralization
Settlement Fund
Mark to market
Automated trade matching
  and confirmation on T+0
Securities lending
Lien on securities posted
  as collateral
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Note: available in Portuguese only.

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