Why do we like this opportunity?
Investment Summary
This is the Single Series of the 171st Issue of Receivables Certificates, backed by legal fees from lawsuits against the INSS for payment of accident benefits. With an estimated return of 33.00% p.a. and an average term of 24 months, the investment will finance law firms through the acquisition of credit rights. The estimated return is not guaranteed and investors should consider all the risks involved.
Attractive returns
Projected target return of 33.00% per year - higher than the vast majority of fixed-income securities. The above estimate is not a promise or guarantee of return. Potential investors should read all the risk factors associated with the offer, as well as be aware of the risks associated with the total or partial loss of their investments or obtaining returns lower than those estimated.
Average Term
With an average term of 24 months, the investment will start its payment flow around 6 months earlier and can be extended for a further 6 months.
Specialized Offices
The law firms have proven knowledge and experience in this area.
5% loss provision
Even with the guarantee of replacement of the law firms, the operation has a provision for loss of 5% of the lawsuits as protection for the investor. If this provision is not realized, the investor's expected return could rise to 43.44% per year.
Pulverized wallet
Risk mitigation by spreading the portfolio is due to the fact that the issue refers to receivables for legal fees from around 167 lawsuits processed in various courts, counties and states throughout Brazil.
Acceptance by the judiciary
The vast majority of case law is in favor of ordering the INSS to pay accident benefits, including numerous precedents issued by the STJ. 1
Federal Union Credit Risk With Priority
Receivables with credit risk from the Federal Government, with priority of payment as it is an RPV, which must be paid within 60 days of the final and unappealable judgment in each case, and is not subject to the rules of precatórios.
Projected scenarios
See how much your money can earn with this operation
Pessimistic Scenario
Base Scenario
Optimistic Scenario
*Simulation projected at a return of 33% p.a. based on analysis by Hurst Capital specialists. There is no guarantee that the estimate will materialize.
Risks
1º. Risk
Possibility of losing court cases to recognize clients as beneficiaries of accident aid
2º. Risk
Once the Federal Government has been convicted, the debt may not be paid within the deadline. The delays mentioned above may result in a longer period of time for payment of the RPVs and, therefore, a longer period of time of unavailability of the funds invested by the investor.
3º. Risk
As this is an operation involving the credit rights of third parties, there is a risk that the original assignor may negotiate the rights in fraud against third parties (such as creditors) and/or the receivables may be subject to foreclosure and other legal measures. enforcement of guarantees and other legal measures, which may result in partial or total loss of the investment.
4º. Risk
The recent development of securitization of credit rights can generate legal and/or financial risks for investors. The securitization of receivables is a complex operation when compared to other securities issues because of the credit risk and solvency of the securities issued by the securitization vehicle, The credit rights are part of the backing of the RCs and constitute their source of payment. Inadequate performance and/or delays in implementing the collection of the credit rights that constitute the backing of the RCs, as well as the default of their debtors, may therefore directly and adversely affect the payment of the RCs. Law 14.430 and CVM Resolution 60, together with CVM Resolution 88, Official Letter 4 CVM/SSE and Official Letter 6 CVM/SER, among other regulations, constitute the main legal and infra-legal diplomas regulating the securitization of credit rights and their offering through crowdfunding platforms. However, offers made through crowdfunding platforms have been little used in the market and have not been fully regulated. As such, since this is a recent market in Brazil, which is not yet fully regulated, there may be situations in which there are no rules governing it, thus creating a risk for investors, since the Judiciary and regulatory bodies may, when analyzing the issue and interpreting the rules governing the matter, issue decisions that are unfavorable to the interests of investors.
5º. Risk
The broadcaster is subject to insolvency, bankruptcy, judicial or extrajudicial reorganization scenarios.
Documents
Disclaimer
The offer presented on this platform is automatically exempt from registration by the Brazilian Securities and Exchange Commission (CVM), under the terms of CVM Resolution 88 and Circular Letters 4/2023 and 6/2023 issued by the CVM's Superintendence of Securitization Supervision (SSE). The CVM does not analyze offers under this Resolution in advance. The offers made do not imply that the CVM guarantees the veracity of the information provided or its compliance with current legislation. Before accepting an offer, please read the essential information about the offer carefully, especially the risk warning section.
The presentation has been prepared by Hurst Serviços de Investimento Coletivo e Securitização S.A. ("Platform") for information purposes only and is in no way a binding offer. All the conditions and terms of the Transaction are defined in the documents "Termo de Securitização de Direitos Creditórios e Emissão de Certificados de Recebíveis da Hurst Serviços de Investimento Coletivo e Securitização S.A.", signed by the Platform, and "Commitment to Subscribe to Receivables Certificates, with Adhesion and Risk Acknowledgement Term" ("Transaction Agreements"), to be signed by investors, in order to adhere to the terms of the offer. The Transaction described on this page is an adhesion to the public offer for the distribution of CRs backed by credit rights corresponding to receivables from contractual and succumbent legal fees arising from accident benefit lawsuits, under the terms of the Transaction Agreements.
The term of the Transaction and the calculated profitability were projected based on (i) the restatement levied on each credit right in the portfolio, taking into account future market projections, as indicated in the "Return on the Transaction" section, (ii) the acquisition value of the credit rights, with a discount, and (iii) the estimated maturity. The Platform does not undertake to guarantee the accuracy of the information and forecasts provided here, nor to update the presentation, and may alter its content without prior notice.
The Platform makes no representations or warranties that the information contained in this presentation or the presentation itself is complete or accurate, nor for any omission in this presentation or in any oral communication transmitted to the recipient throughout its analysis, undertaking only to take all precautions and act with high standards of diligence to ensure that the information transmitted is true, consistent, correct and sufficient.
These statements, estimates and projections reflect the assumptions of the Platform and third parties, and are subject to economic and market uncertainties and contingencies, most of which are beyond the Platform's control. Forecasts and results may differ from those anticipated and these differences may be material.
The content is not yet, nor does it contain any investment recommendation, indication and/or advice, and it is the sole and exclusive responsibility of the investor to make this decision. Should any investor decide to invest in this Operation, like any investment, the CRs investment presents risks and the possibility of patrimonial losses that should be carefully considered before making the investment decision.
Potential investors interested in this operation are advised to consult their lawyers, accountants, financial advisors and any other professionals they deem necessary to help them assess the suitability of the investment profile, as well as the risks inherent in the business. All investments involve risk, including the risk of losing all capital invested. Diversification and alternative asset allocation do not guarantee a profit or guarantee against loss. Investment decisions should be based on the investor's objectives, time horizon and risk tolerance.