Regulatory Alerts2020-05-26 | Circular 4021Circular No. 4021 — Amends Circular No. 3,996 Regarding LTEL-LFG Operations
The Collegiate Board of the Central Bank of Brazil amended Circular No. 3,996 to modify the rules for Temporary Special Liquidity Line for Financial Guarantee Letters (LTEL-LFG) operations. The revision establishes specific maturity thresholds for securities and implements a phased schedule of exposure limits relative to the conglomerate's reference equity for cooperative systems. These changes, effective upon publication, also mandate the early release of collateral guarantees for certain securities when their maturity falls below defined periods.
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