Regulatory Alerts2020-04-28 | Circular 4011Circular No. 4011 - Amends Circular No. 3,996 Regarding Interbank Transfers in the National Cooperative Credit System as Collateral
The Board of Directors of the Central Bank of Brazil issued Circular No. 4011 to amend Circular No. 3,996, effective upon publication. The amendment clarifies that interbank transfers conducted within the National Cooperative Credit System qualify as credit-granting operations under Resolution No. 4,795. Consequently, these transfers may be included in the collateral basket constituted by cooperative banks, subject to the rules established in the relevant resolutions.
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