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This is the Single Series of the 150th Issue of Receivables Certificates, backed by legal fees from lawsuits against the INSS for payment of accident benefits. With an estimated return of 36.03% p.a. and an average term of 24 months, the investment will finance law firms through the acquisition of credit rights. The estimated return is not guaranteed and investors should consider all associated risks.
Projected target return of 36.03% per year - above the vast majority of fixed-income securities. The above estimate is not a promise or guarantee of return. Potential investors should read all the risk factors associated with the offer, as well as be aware of the risks associated with the total or partial loss of their investments or obtaining returns lower than those estimated.
With an average term of 24 months, the investment will start its payment flow around 6 months earlier and can be extended for a further 6 months.
Even with the guarantee of replacement of the law firms, the operation has a provision for loss of 5% of the lawsuits as protection for the investor. If this provision is not realized, the investor's expected return could rise to 53.53% per year
The mitigation of risk by pulverizing the portfolio is due to the fact that the issue refers to receivables of legal fees from around 184 lawsuits processed in various courts, counties and states throughout Brazil.
The law firms have proven knowledge and experience in this area.
The vast majority of case law is in favor of ordering the INSS to pay accident benefits, including numerous precedents issued by the STJ. 1 2
The opportunity to earn high returns in a practical way by investing in baskets of digital currencies curated by our team of experts.
Possibility of losing court cases to recognize clients as beneficiaries of accident aid
Once the Federal Government has been convicted, the debt may not be paid within the stipulated period. The delays mentioned above may result in a longer period for payment of the RPVs and, therefore, a longer period of unavailability of the funds invested by the investor.
As this is an operation involving the credit rights of third parties, there is a risk that the original assignor may negotiate the rights in fraud against third parties (such as creditors) and/or the receivables may be subject to enforcement of guarantees and other legal measures, which may result in partial or total loss of the investment.
The recent development of securitization of credit rights can generate legal and/or financial risks for investors. The securitization of receivables is a complex operation when compared to other securities issues because of the credit risk and solvency of the securities issued by the securitization vehicle, The credit rights make up the backing of the RCs and constitute their source of payment. Inadequate performance and/or delays in implementing the collection of the credit rights that constitute the backing of the RCs, as well as the default of their debtors, may therefore directly and adversely affect the payment of the RCs. Law 14.430 and CVM Resolution 60, together with CVM Resolution 88, Official Letter 4 CVM/SSE and Official Letter 6 CVM/SER, among other regulations, constitute the main legal and infra-legal diplomas regulating the securitization of credit rights and their offering through crowdfunding platforms. However, offers made through crowdfunding platforms have been little used in the market and have not been fully regulated. As such, since this is a recent market in Brazil, which is not yet fully regulated, there may be situations in which there are no rules governing it, thus creating a risk for investors, since the Judiciary and regulatory bodies may, when analyzing the issue and interpreting the rules governing the matter, issue decisions that are unfavorable to the interests of investors.
The broadcaster is subject to insolvency, bankruptcy, judicial or extrajudicial reorganization scenarios.
