• CPR (Agricultural Bond) is a bond in which the issuer, a rural producer (including its associations or cooperatives), undertakes the obligation to delivery agricultural products (Law No. 8,929). In 2001 with the enactment of Law No. 10,200, it was established the financial settlement of this bond through the so-called CPR-F (Financial Agriculture Bond).
• CDCA, LCA and CRA are registered and freely traded securities that represent promise of payment in cash and shall be fully enforceable (Law No. 11,076). The differences among them are the following:
CPR, CDCA, LCA, CRA
• CDCA (Agribusiness Credit Rights Certificates) is issued solely by cooperatives, rural producers and other legal entities engaged in trading, processing and industrialization activities of agricultural products, machinery or equipment, to be used in agricultural production.
• LCA (Agribusiness Letter of Credit) is issued exclusively by financial institutions for funding and is linked to credit rights originated by players in connection with transactions related to agricultural production chain.
• CRA (Certificate of Agribusiness Receivables) is issued exclusively by securitization companies of agribusiness credit rights.