Regulatory Alerts2020-05-28 | Carta Circular 4057Circular Letter No. 4057 Amending Circular Letter No. 4024 Regarding Eligibility Criteria for Guarantees Linked to the Temporary Special Liquidity Line via Financial Letter Issuance
The Head of the Financial System Monitoring Department of the Central Bank of Brazil amends Circular Letter No. 4,024 to refine the calculation of eligibility criteria for guarantees linked to the Temporary Special Liquidity Line. Financial institutions must now consider specific data domains from Annexes 1 and 3 to accurately determine active portfolio totals for issuer concentration limits of 25% and 5%. These adjustments apply prior to the application of weighting factors defined in Resolution No. 4,795 of 2020 and take effect upon publication.
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