Circular 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, in a session held on April 28, 2020, based on Article 10, item V, of Law No. 4,595 of December 31, 1964, and Resolution No. 4,795 of April 2, 2020,

R E S O L V E:

Art. 1. Circular No. 3,996 of April 6, 2020, shall enter into force with the following alterations:

“Art. 2. ......................................................

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§ 4. Interbank transfers carried out within the scope of the National Cooperative Credit System are included in the list of operations with the characteristic of granting credit referred to in Article 5, item III, of Resolution No. 4,795 of 2020, and may, respecting the rules established in that Resolution and in this Circular, form part of the collateral basket constituted by cooperative banks in the manner set forth in the main text.” (NR)

Art. 2. This Circular enters into force on the date of its publication.

Bruno Serra Fernandes Paulo Sérgio Neves de Souza Monetary Policy Director Supervision Director

João Manoel Pinho de Mello Director of System Organization and Resolution