BCB Resolution No. 300 — Amends Resolution BCB No. 237 to regulate remuneration of the Electronic Currency Correspondent Account (CCME) balance for payment institutions

BCB RESOLUTION NO. 300, OF MARCH 16, 2023

Amends provisions of
Resolution BCB No. 237, of August 24, 2022, which provides for financial movements relating to the maintenance, at the Central Bank of Brazil, of cash resources corresponding to the value of electronic currencies maintained in a payment account, to regulate the remuneration of the balance of the Electronic Currency Correspondent Account (CCME) owned by payment institutions.

The Collegiate Board of the Central Bank of Brazil, in a session held on March 15 and 16, 2023, based on arts. 14 and 15 of Law No. 12,865, of October 9, 2013, and arts. 8 and 12 of Resolution CMN No. 4,952, of September 30, 2021, and taking into account the provisions of art. 22 of Resolution BCB No. 80, of March 25, 2021,

R E S O L V E :

Art.
1º The
Resolution BCB No. 237, of August 24, 2022, shall enter into force with the following changes:

“Art. 4º-A The daily balance of the CCME of ownership of payment institutions, recorded at the close of the regular operations grid of the STR, before the start of the additional window for contributions to Instant Payment Account (Conta PI), as provided for in the regulation of that system, shall receive remuneration calculated based on the Selic Rate through the use of the following formula:

R = S x [(1 + Selic)^(1/252) – 1], where:

I - R = remuneration to be credited, expressed with 2 (two) decimal places, with mathematical rounding;

II - S = balance subject to remuneration; and

III - Selic = Annual Selic Rate, in unit format, expressed with 4 (four) decimal places, referring to the date of the balance to be remunerated.

§ 1º The remuneration referred to in the main text shall be credited to the CCME on the next business day by 16:30 (sixteen hours and thirty minutes).

§ 2º The partial results of multiplication, division, and exponentiation used in the algebraic expression of the calculation of remuneration must contain 8 (eight) decimal places, with mathematical rounding.

§ 3º The remuneration referred to in the main text applies exclusively to the balance of the CCME owned by payment institutions authorized to operate by the Central Bank of Brazil.” (NR)

Art. 2º This Resolution enters into force on July 3, 2023.

Otávio Ribeiro Damaso
Deputy Director of Monetary Policy