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Indices, pricing and data
for private credit

Benchmarks, pricing references and data platforms built on a proprietary database that has tracked Brazil's secondary private credit market every day since 2017.

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What we deliver

Three fronts to read, price and track private credit

  1. 01

    Indices

    Proprietary benchmarks for debentures, with public
    liquidity, eligibility and representativeness criteria.
    A database of fixed-income ETFs, funds and performance analysis.

  2. 02

    Pricing

    An independent price reference for mark-to-market,
    spread analysis and risk management, based on the daily
    observation of the secondary private credit market.

  3. 03

    Platforms

    A structured database, asset by asset, with issuers, sectors,
    indexes, ratings, duration, liquidity and spreads.
    Access through our platform and API integration.

IDEX already operates where the market makes decisions

IDEX indices underpin listed ETFs and incentivized infrastructure funds, and reach portfolio managers, analysts and treasuries every day through the main market terminals.

Listed fixed-income ETFs

The IDEX family provides the methodological foundation. Products are already listed and trading.

Infrastructure funds

IDEX indices selected as benchmarks for Brazilian tax-incentivized infrastructure funds.

On recognized terminals

Bloomberg, Reuters, Morningstar, Economatica and Quantum, where asset managers and treasury desks operate.

Our
numbers

DATABASE
SINCE
ID> IDEX ANALYTICS
2017
PROPRIETARY HISTORICAL SERIES
IDEX
PRIVATE
CREDIT
/
CREDITASSETS
COVERED
1.000+
APREVIOUSPNEXT
12 PUBLIC INDICES
.
/
+15,0%
IDEX-CDI Geral 12-month return
  • 2017 Proprietary historical series
  • 1.000+ Credit assets covered
  • 12 Public indices
  • +15,0% IDEX-CDI Geral 12-month return
01 / 04

An index family for Brazilian private credit

IDEX-CDI Core · 12 months

+14,79%

Cumulative change of the index. CDI over the same
period: +14,27%. Difference: +0,52 p.p.

IDEX-CDI CoreCDIIDEX API as of Nov 11, 2026

CDI

IDEX-CDI General

Floating rate

Assets
405
Duration
2.7
Average spread
DI + 1.81%

Assets, duration and spread: IDEX Institutional 2026. Inclusion and rebalancing criteria in the methodology.

CDI

IDEX-CDI Core

High grade DI+

Assets
301
Duration
2.7
Average spread
DI + 1.84%

Assets, duration and spread: IDEX Institutional 2026. Inclusion and rebalancing criteria in the methodology.

CDI

IDEX-CDI Low Rated

Unrated or below AA

Assets
61
Duration
2.3
Average spread
DI + 4.20%

Assets, duration and spread: IDEX Institutional 2026. Inclusion and rebalancing criteria in the methodology.

Infra

IDEX-Infra General

Tax-incentivized infrastructure

Assets
460
Duration
5.4
Average spread
IPCA + 7.74%

Assets, duration and spread: IDEX Institutional 2026. Inclusion and rebalancing criteria in the methodology.

Infra

IDEX-Infra Core

Listed issuers with a rating

Assets
253
Duration
5.5
Average spread
IPCA + 7.63%

Assets, duration and spread: IDEX Institutional 2026. Inclusion and rebalancing criteria in the methodology.

NTN-B

IDEX-NTN-B

Inflation-linked government bonds

Maturities
2030, 2035, 2045, 2050 and 2060
Index em destaque

PERIODIC UPDATE — IDEX-CDI General

01

Monthly return

See the total return of IDEX-CDI General month by month,
with the same methodology applied across the whole series.
On the IDEX Atlas platform, data is updated
daily for analysis and comparison across periods.

Professional analyzing data on a laptop
02

Cumulative return

See the index's cumulative performance,
date by date, to compare investment windows
and understand the path of CDI-linked
private credit over time.

Professional in a suit working on a laptop
03

Index vs. CDI

Compare the index's total return with the CDI
over the same period and read, in percentage points,
how much private credit delivered above
or below the benchmark.

Close-up of a screen with a price chart
Professional smiling in a conversation
Open methodology

Public criteria, portfolios reviewed every month and documented calculations.

Every IDEX index follows published rules:
what goes in, when the portfolio is reviewed
and how returns are calculated.

See the methodology
The context

Listed equities benefit from public history, visible liquidity, and real-time pricing.

In debentures and other private credit assets, the read still depends on dispersed data, limited standardization, and scarce price references.

The market has evolved. References need to keep pace.

Trading screen with a candlestick chart and prices

PETR4: listed equity

  • Complete 20-year track record
  • Real-time pricing
  • Transparent daily liquidity
  • Structured, accessible data
Offshore oil platform in the mist

Petrobras debenture

  • Limited public history
  • Less transparent pricing
  • Fragmented mark-to-market
  • Low comparability across references

Where IDEX appears

Estadão
Valor Econômico
Reuters
Bloomberg

Who leads IDEX Analytics

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pricing and platforms.

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