RegAlert
2023-01-19 | Resolução BCB 285

Added

BCB Resolution No. 285 — Provisions on the Constitution and Operation of Consortium Groups

BCB Resolution No. 285 establishes the mandatory contents of consortium participation contracts, including detailed financial obligations, credit valuation methods, and group operational rules. It sets a 50% minimum-to-maximum credit value ratio for groups with differentiated credits and limits a single participant's share to 10% of active quotas. The regulation mandates that group resources be deposited in specific financial institutions and invested exclusively in federal public securities or designated fixed-income funds. It further defines the contemplation process, credit utilization procedures, and the administrator's obligations regarding payment timing and fund management.

Banco Central do Brasil logo

Brazil

Banco Central do Brasil

Scan of the document's first page
Share

BCB published 15 documents in the last 30 days — get each new one by email the day it lands.

BCB RESOLUTION NO. 285,
OF JANUARY 19, 2023

Provides for the constitution and operation of consortium groups.

The Collegiate Board of the Central Bank of Brazil, in a session held on January 18, 2023, based on arts. 6, 7, 15 and 26 of Law No. 11,795, of October 8, 2008,

RESOLVES:

CHAPTER I
OF THE OBJECT AND SCOPE OF APPLICATION

Art. 1. This Resolution provides for the constitution and operation of consortium groups.

CHAPTER II
OF THE PARTICIPATION CONTRACT IN A CONSORTIUM GROUP

Art. 2. The participation contract in a consortium group, by adhesion, must provide, at a minimum, on:

Read the rest free, and get an email when BCB publishes again

Lineage: Amended

Law No. 11795 dated 2008-10-08not in RegAlertCircular No. 3432 — Provisions …2009Circular No. 3524 — Establishes…2011Circular No. 4009 — Establishes…2020Circular No. 2381 dated 1993-11…not in RegAlertCircular No. 3023 dated 2001-01…not in RegAlertCircular No. 3394 dated 2008-07…not in RegAlertBCB Resolution No. 285 —Provisions on the Constitutio…2023-01-19 · this documentBCB Resolution No. 362 — Amendi…2023BCB Resolution No. 381 — Establ…2024Normative Instruction BCB No. 5…2024Normative Instruction BCB No. 5…2024Instruction Normative BCB No. 6…2025
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 2 times · last 2024-05-15

This document supersedes: Circular No. 3524 — Establishes leverage and immobilization limits for consortium administrators, Circular No. 3432 — Provisions on the Constitution and Operation of Consortium Groups

Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

More like this from BCB

BCB published 15 documents in the last 30 days. We email you each new one the day it's published.

Topics
credit