BCB Resolution No. 196 — Consolidates and Establishes New Conditions for Registering Operations in the Credit Operations Registry System with the Public Sector (Cadip)

BCB RESOLUTION NO. 196, OF MARCH 9, 2022

Consolidates and establishes new conditions for the registration of operations in the Credit Operations Registry System with the Public Sector (Cadip).

The Collegiate Board of the Central Bank of Brazil, in a session held on March 9, 2022, based on arts. 10, item IX, and 37, both of Law No. 4,595, of December 31, 1964, and considering the provisions of Resolution No. 4,589, of June 29, 2017,

R E S O L V E :

Art. 1. This Resolution provides for the registration of credit operations contracted with bodies and entities of the public sector in the Credit Operations Registry System with the Public Sector (Cadip) for the purpose of monitoring the annual global limit.

Art. 2. The registration referred to in Art. 1 must be carried out by financial institutions and other institutions authorized to operate by the Central Bank of Brazil that contract credit operations with bodies and entities of the public sector.

Art. 3. The registration of operations in Cadip includes the following information:

I - identification of the creditor;

II - identification of the borrower;

III - identification of the credit operation;

IV - identification of the guarantee and guarantor;

V - value of the operation; and

VI - status of the operation.

Sole Paragraph. The operations registered in Cadip must align with the information registered in the Credit Information System (SCR) regarding credit operations contracted with bodies and entities of the public sector.

Art. 4. The institutions mentioned in Art. 2 must register in Cadip the information referred to in Art. 3 within 10 (ten) business days, counting from the date of contract of the operation.

Sole Paragraph. The verification of compliance with the annual global limit by the Central Bank of Brazil will occur at the time of registration of the operation in Cadip.

Art. 5. Changes in the status of the operation, referred to in item VI of Art. 3, such as the registration of suspended payment condition of the credit operation, contractual amendments, assignment or purchase of credit rights between financial institutions, as well as other types of changes, must be made by the financial institution itself within 10 (ten) business days after the occurrence of the event or after the characterization of the respective condition.

Sole Paragraph. Changes in the status of the operation regarding the registration of the default condition, or the return to the compliance condition, must be carried out within 3 (three) business days, counting from the date of occurrence of the event.

Art. 6. The institutions mentioned in Art. 2 must designate a director responsible for the registration of the information referred to in this Resolution.

§ 1. It is admitted that the director designated under the caput may perform other functions in the institution, provided that the absence of conflict of interest is ensured.

§ 2. The data regarding the director designated under the caput must be registered and kept updated in the Central Bank of Brazil's registration information system.

Art. 7. The institutions referred to in Art. 2 are responsible for the accuracy of the information contained in Cadip.

Art. 8. The Financial System Monitoring Department (Desig) is authorized to establish the operational procedures, form, and other conditions necessary to comply with the provisions of this Resolution.

Art. 9. The following are revoked:

I - Circular No. 2,367, of September 23, 1993;

II - Circular No. 2,544, of February 23, 1995;

III - Circular No. 2,673, of March 20, 1996;

IV - Circular No. 2,775, of September 5, 1997; and

V - the following provisions of Circular No. 2,935, of October 11, 1999:

a) arts. 1, 2, 3, 4, and 5; and

b) art. 8.

Art. 10. This Resolution enters into force on September 1, 2022.

Paulo Sérgio Neves de Souza
Director of Supervision