Circular No. 4015 — Establishes the Scope of Data and Services for the Open Banking System

The Executive Board of the Central Bank of Brazil, in an extraordinary session held on May 4, 2020, based on Art. 9 of Law No. 4,595 of December 31, 1964, Art. 9, item II, of Law No. 12,865 of October 9, 2013, and Art. 51, item I, of Joint Resolution No. 1 of May 4, 2020,

RESOLVES:

Art. 1 This Circular regulates the scope of data and services of the Open Banking System.

Art. 2 The data regarding the service channels subject to sharing referred to in Art. 5, item I, letter "a", of Joint Resolution No. 1 of May 4, 2020, shall include, at a minimum, those mandatorily disclosed in the form of open data, as provided for in the current regulation, in the case of own branches and correspondents in the country, as well as:

I - electronic channels:

a) channel type;

b) access method; and

c) services provided; and

II - other channels available to customers:

a) channel type;

b) access method; and

c) services provided.

Art. 3 The data regarding the products and services subject to sharing referred to in Art. 5, item I, letter "b", of Joint Resolution No. 1 of 2020, shall include, at a minimum:

I - demand deposit, savings, and prepaid payment accounts:

a) account types;

b) fees:

1. name;

2. taxable event;

3. amount; and

4. identifying acronym;

c) service packages available:

1. name;

2. included services;

3. number of expected events; and

4. amount;

d) movement methods;

e) contractual terms and conditions:

1. minimum balance;

2. eligibility criteria; and

3. closure procedures;

f) available channels for opening and closing;

g) target audience; and

h) remuneration method and yield rate;

II - post-paid payment accounts:

a) account type:

1. name;

2. classification; and

3. payment arrangement;

b) benefits and rewards programs;

c) fees:

1. name;

2. taxable event;

3. amount; and

4. identifying acronym;

d) remuneration rates:

1. revolving credit;

2. installment of outstanding invoice balance; and

3. other credit operations;

e) target audience; and

f) contractual terms and conditions:

1. minimum outstanding invoice balance payment rule;

2. eligibility criteria; and

3. closure procedures; and

III - credit operations:

a) credit operation modalities;

b) fees:

1. name;

2. taxable event;

3. amount; and

4. identifying acronym;

c) remunerative interest rate:

1. reference rate or index; and

2. amount;

d) target audience;

e) type of required guarantee; and

f) contractual terms and conditions.

§ 1 The credit operation modalities referred to in letter "a", item III of the main text shall include, at a minimum:

I - advances to depositors;

II - loans:

a) personal credit;

1. payroll-deductible credit; and

2. non-payroll-deductible credit;

b) overdraft;

c) secured account;

d) working capital;

e) microcredit; and

f) home equity;

III - discounted credit rights:

a) discount of bills of exchange;

b) discount of checks;

c) advance of credit card receivables; and

d) discount of promissory notes; and

IV - financing:

a) acquisition of movable goods;

b) real estate:

1. Housing Financial System (SFH); and

2. Real Estate Financial System (SFI);

c) guided productive microcredit; and

d) rural.

§ 2 For the purposes of sharing the fee and remunerative interest rate values referred to in the main text, the relative frequency distribution of the values charged to customers, segmented into natural and legal persons, must be shared, based on parameters defined in the convention referred to in Art. 44 of Joint Resolution No. 1 of 2020.

Art. 4 The data regarding the client and their representatives' registration subject to sharing referred to in Art. 5, item I, letter "c", of Joint Resolution No. 1 of 2020, shall include, at a minimum:

I - identification:

a) minimum information required by current regulation; and

b) other information;

II - qualification; and

III - other registration information:

a) relationship start date;

b) branch and account identification;

c) types of products and services with active contracts; and

d) representatives' powers.

§ 1 For the purposes of sharing the relationship start date referred to in item III, letter "a", of the main text, credit cooperatives must consider the client's membership date.

§ 2 The list of information subject to sharing covered by items I, letter "b", and II, of the main text, must be defined and standardized through the convention referred to in Art. 44 of Joint Resolution No. 1 of 2020.

Art. 5 The data regarding client transactions subject to sharing referred to in Art. 5, item I, letter "d", of Joint Resolution No. 1 of 2020, shall include, at a minimum:

I - demand deposit, savings, and prepaid payment accounts:

a) account types;

b) available balance;

c) credit and debit transactions performed:

1. operation identifier;

2. amount;

3. date; and

4. payer and payee;

d) authorized debits and payments:

1. amount;

2. date; and

3. payee; and

e) overdraft limit;

1. amount used; and

2. amount available;

II - post-paid payment accounts:

a) account types;

b) total credit limit:

1. amount used; and

2. amount available;

c) credit limits by operation modality:

1. amount used; and

2. amount available;

d) payment transactions performed:

1. operation identifier;

2. amount;

3. date; and

4. payee; and

e) invoice payment information:

1. due date;

2. actual payment date;

3. total invoice amount;

4. minimum payment amount;

5. invoice payment amount;

6. payment method; and

7. charges levied; and

III - credit operations:

a) credit operation modalities;

b) contract number;

c) contract date;

d) operation amount;

e) due date;

f) respective payment dates;

g) outstanding balance;

h) total and remaining term of the operation;

i) number of installments;

j) installment amount;

k) annual, nominal, and effective remunerative interest rates agreed upon;

l) Effective Total Cost (CET);

m) payment system;

n) fees; and

o) charges.

Sole Paragraph. The credit operation modalities referred to in item III, letter "a", of the main text shall include, at a minimum, those referenced in § 1 of Art. 3.

Art. 6 The payment transaction initiation services subject to sharing referred to in Art. 5, item II, letter "a", of Joint Resolution No. 1 of 2020, shall include, at a minimum:

I - account debit;

II - transfers between accounts within the same institution;

III - Electronic Available Transfer (TED);

IV - instant payment transaction (PIX);

V - Credit Document (DOC); and

VI - boleto payment.

Art. 7 This Circular enters into force on June 1, 2020.

Otávio Ribeiro Damaso Director of Regulation