ID

The ID is the forward market of average of the deposits inter-financed from a determined day. It acts as one of the main assets of the forward market in volume movement and economic importance.

As the interest rate is one of the mains variety of the economy the ID influences directly and indirectly the negotiation of the all the other assets.

There are two types of ID:

• The one day ID – Operates the interest rate from the day`s negotiation of the contract.
• The long ID – Operates the interest for six months starting from its maturity day.

What in fact is negotiated in the contracts is the effective interest rate of the ID, defined as being the accumulation of the average daily ID rates of one day, calculated by for the period between the date of operation in the forward market and the maturity day of the contract.