Corresponds to a Purchase or Sale by Term made jointly and indissoluble with a Sale or Cash Purchase, for the same number of shares and in the same instrument.
The product Simultaneous Operations addresses two types of investors: (i) the purchaser by term, corresponding to the customer that advocates to the rise in prices of a certain action and seeks to leverage against the market; (ii) the seller by term, corresponding to those customers who have resources in cash and are willing to finance the purchaser by term during the simultaneous process in return for a fee or premium.
Risk: The risks associated with simultaneous operations are different for the purchaser by term to the seller by term. In the first case, the client is exposed to the risk of changes in share price bought on credit, plus considerable risk for leverage on the amount stated in guarantee and on the instruments given as guarantee. In the second case, the client is exposed to the risk of default by the stockbroker buyer by term.