巴黎银行-巴西-利率-巴西利率六大组合-Brazil’s rates Six in the mix-20170821-BNPParibas.pdfVIP

BRAZIL’S RATES: Six in the mix (CLICK HERE TO WATCH THE VIDEO) (CLICK HERE TO READ THE ARTICLE) AUGUST 2017 LATIN AMERICA MARKET ECONOMICS MARCELO CARVALHO @MCarvalhoEcon DISCLAIMER This report has been written by independent research teams of BNP Paribas. This document is The information presented herein does not comprise a prospectus of securities for the purposes of EU investment research for the purposes of MiFID. Directive 2003/71/EC (as amended from time to time). This document constitutes a marketing communication and has been prepared by BNP Paribas for, and is This document was produced by a BNP Paribas group company. This document is for the use of intended directed at, (a) Professional Clients and Eligible Counterparties as defined by the European Union Markets in recipients and may not be reproduced (in whole or in part) or delivered or transmitted to any other person Financial Instruments Directive (2004/39/EC) (“MiFID”), and (b) where relevant, persons who have without the prior written consent of BNP Paribas. By accepting this document you agree to this. professional experience in matters relating to investments falling within Article 19(5) of the Financial Services UK: In the UK, this document is being communicated by BNP Paribas London Branch. 10 Harewood Avenue, and Markets Act 2000 (Financial Promotion) Order 2005, and at other persons to whom it may lawfully be London NW1 6AA; tel: +44 20 7595 2000; fax: +44 20 7595 2555- . Incorporated in communicated (together “Relevant Persons”) under the regulations of the relevant jurisdiction . Any investment France with Limited Liability. Registered Office: 16 boulevard des Italiens, 75009 Paris, Fran