Circular Letter No. 4050 — Creation of Accounting Entries in the National Financial System Accounting Plan for Time Deposits with Special Guarantee (DPGE), LTEL, and DPGE Operations

The Head of the Department of Financial System Regulation (Denor), using the authority conferred by Article 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, based on item 4 of Circular No. 1,540, of October 6, 1989, and considering the provisions of Article 6, § 1, item I, of Resolution No. 4,222, of May 23, 2013, Article 18 of Resolution No. 4,786, of March 23, 2020, and Article 14 of Resolution No. 4,795, of April 2, 2020,

R E S O L V E:

Art. 1. The following are created in the Accounting Plan of the Institutions of the National Financial System (Cosif):

I - the following titles with UBIELM attributes:

a) 4.6.1.15.00-7 CENTRAL BANK – Temporary Special Liquidity Line, with ESTBAN code 461; and

b) 8.1.2.11.00-7 (-) EXPENSES WITH Temporary Special Liquidity Line – CENTRAL BANK; and

II - the following sub-titles:

a) 4.1.3.10.80-7 Related – With Special Guarantee of the FGC – With Assignment of Receivables, with UBDIFELMZ attributes;

b) 4.1.3.10.81-4 Related – With Special Guarantee of the FGC – Without Assignment of Receivables, with UBDIFELMZ attributes;

c) 4.1.3.10.85-2 Unrelated – With Special Guarantee of the FGC – With Assignment of Receivables, with UBDIFELMZ attributes;

d) 4.1.3.10.86-9 Unrelated – With Special Guarantee of the FGC – Without Assignment of Receivables, with UBDIFELMZ attributes;

e) 4.3.2.50.10-9 Financial Notes – Operations with Central Bank – LTEL, with UBIELMN attributes; and

f) 4.3.2.50.20-2 Other Financial Notes, with UBDIFSWERLMNZ attributes.

Art. 2. The following functions are defined for the accounting titles created by this Circular Letter:

I - the title 4.6.1.15.00-7 CENTRAL BANK – Temporary Special Liquidity Line is intended for recording loan operations through the Temporary Special Liquidity Line carried out under the aegis of Resolution No. 4,786, of March 23, 2020; and

II - the title 8.1.2.11.00-7 (-) EXPENSES WITH Temporary Special Liquidity Line – CENTRAL BANK is intended for recording expenses related to loan operations through the Temporary Special Liquidity Line carried out under the aegis of Resolution No. 4,786, of March 23, 2020.

Art. 3. The provisions of this Circular Letter apply to accounting documents prepared from the May 2020 base date.

Sole Paragraph. From the base date mentioned in the caput, balances related to operations covered by this Circular Letter recorded in other accounting titles or sub-titles must be reclassified to the appropriate accounting rubrics, observing the nature of the operation.

Art. 4. This Circular Letter enters into force on June 1, 2020.

João André Calvino Marques Pereira