> For the complete documentation index, see [llms.txt](https://www.opensourcelaw.com.br/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.opensourcelaw.com.br/en/legislation/9.-clearing-and-settlement-law.md).

# 9. Clearing and Settlement Law

The Brazilian Payments System comprises the entities, systems, and procedures related to the transfer of funds and other financial assets, or to the processing, clearing, and settlement of payments in any of their forms.

In addition to the check-clearing service and other instruments, the following systems are part of the Brazilian Payments System, <mark style="background-color:purple;">in the form of authorization granted</mark> to the respective clearing and settlement houses or service providers, by the Central Bank of Brazil or by the CVM:

* for the clearing and settlement of electronic debit and credit orders;
* for the transfer of funds and other financial assets;
* for the clearing and settlement of transactions with securities and marketable securities;
* for the clearing and settlement of transactions carried out on commodity and futures exchanges; and
* others, including those involving transactions with financial derivatives, whose clearing houses or service providers have been authorized in accordance with this article.

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The National Monetary Council, the Central Bank of Brazil, and the Securities and Exchange Commission, within their respective spheres of competence, shall issue the rules and instructions necessary for compliance with this Law.
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