Letras Financeiras Wiki
A Letra Financeira (LF), or Financial Bill in English, is a debt instrument issued in Brazil by financial institutions. Think of it as a bond, but with specific characteristics tailored to the Brazilian market and regulatory environment. LFs are primarily used by banks to raise long-term funding, which they then utilize for various lending activities. A robust and liquid LF market is crucial for the stability and growth of the Brazilian financial system.