Lesson 1LCI/LCA and Agronegócio/Real Estate Credit Products: Tax Exemption Features, Issuer Risk, Liquidity and Lock-Up StructuresAnalyse LCI, LCA, and related credit instruments linked to agribusiness and property. Cover tax exemptions, issuer risks, collateral, liquidity, lock-ups, and CDI-based pricing, useful for Namibian diversification strategies.
Legal framework and eligible operationsTax exemption rules and investor profileIssuer credit risk and FGC coverageLock-up periods and secondary liquidityIndexers: CDI, IPCA, and fixed ratesComparing LCI/LCA to CDBs and fundsLesson 2CDBs (Bank Deposits): Types (Pre-Fixed, Pós-Fixado to CDI), Credit Risk, DI-Linked Returns, Taxation and IOF RulesStudy bank-issued CDBs in pre-fixed and CDI-linked forms, including credit risks, FGC safeguards, return computations, liquidity, redemptions, and taxes via IOF and IR, relevant for Namibian fixed income comparisons.
Pre-fixed versus CDI-linked CDBsCredit risk, rating, and FGC coverageReturn calculation and effective yieldLiquidity, lock-up, and early redemptionTaxation, IOF, and IR regressive tableComparing CDBs to Tesouro and LCI/LCALesson 3Direct Equities and B3 Mechanics: Common Shares, Dividends, Custody, Settlement, Taxation (IR on Gains), Volatility and Long-Term Return DriversDelve into B3 equity investing, share varieties, execution, custody, settlement, dividends, actions, gain taxes, volatility, and value drivers, providing Namibian advisors with equity market insights.
ON, PN, and units: rights and differencesPrimary versus secondary market flowsOrder types, auctions, and trading sessionsCustody, clearing, and D+2 settlementDividends, JCP, and corporate actionsTaxation of gains, day trade, and reportingLesson 4Investment Funds Overview: Equity Funds, Multimarket Funds, Fixed Income Funds, FIDC Basics — Structures, Fees (Management/Performance), Liquidity Rules, Risk-Sharing and Regulation (CVM 555/568)Overview of Brazilian funds like equity, multimarket, fixed income, and FIDC, including structures, quotas, fees, liquidity, risks, and CVM rules, aiding Namibian fund selection processes.
Open-end versus closed-end structuresEquity, multimarket, and fixed income fundsFIDC basics and receivables riskManagement and performance fee modelsLiquidity terms, gates, and side pocketsRegulatory framework under CVM 555/568Lesson 5Tesouro Direto Family: Tesouro Selic, Tesouro IPCA+, Tesouro Prefixado — Coupon Structure, Inflation Protection, Duration Risk, Taxation and Market TradingDetail Tesouro Direto bonds: Selic, IPCA+, Prefixado, covering coupons, pricing, duration risks, taxes, custody, and portfolio uses, valuable for Namibian government bond analogies.
Tesouro Selic structure and main usesTesouro IPCA+ real return mechanicsTesouro Prefixado and interest rate viewsCoupons, amortization, and cash flowsDuration, convexity, and price volatilityTaxation, custody, and trading on TesouroLesson 6Poupança: Calculation Rules, Expected Returns, Liquidity, Taxation, Regulatory ProtectionsExplain savings account mechanics, return formulas, Selic/TR indexation, liquidity, taxes, and insurance, assessing suitability versus alternatives for Namibian low-risk savings options.
Current remuneration formula and TR indexationOld versus new poupança rule thresholdsCredit risk and FGC coverage limitsLiquidity, anniversaries, and withdrawal timingTaxation, IOF, and reporting requirementsComparing poupança to basic fixed incomeLesson 7Previdência Privada (PGBL/VGBL): Tax Regimes, Long-Term Suitability, Portability, Fees (Loading, Administrative), Tax Benefit MechanicsCover PGBL/VGBL pensions, tax systems, long-term fit, portability, fees, benefits, withdrawals, and pitfalls, informing Namibian retirement planning strategies.
Differences between PGBL and VGBLProgressive versus regressive tax tablesContribution limits and tax deductibilityPortability between plans and insurersFee types: loading and administrationBenefit phase, withdrawals, and heirs
