Regulatory Alerts2020-07-28 | Circular 4038Central Bank Circular No. 4038 — Amends Regulations of the Reserve Transfer System (STR) and Related Circulars
The Collegiate Board of the Central Bank of Brazil issued Circular No. 4038 to amend the regulations governing the Reserve Transfer System (STR) and several related circulars to align with the Instant Payment System (SPI). The resolution establishes an additional window for deposits into Instant Payment Accounts (Conta PI) after regular STR hours and defines specific operational hours, including early closures on Christmas Eve and the last business day of the year. It also updates definitions, transaction rules, and contingency procedures for electronic money transfers and reserve account movements.
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