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Brazil's FIDC market expands to absorb Sao Paulo commuters

Train commuters in Brazil's megalopolis of Sao Paulo will shortly be connected to the country's ever-expanding world of structured finance. A receivable investment fund (FIDC) from Companhia Paulista de Trens Metropolitanos is currently in transit, timed to launch within a month, according to Marcelo Michalua, a director with Rio...

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