BCB Resolution No. 377 of May 9, 2024

Resolution No. 222

BCB RESOLUTION NO. 377, OF MAY 9, 2024

Amends BCB Resolution No. 102, of June 7, 2021, to establish procedures regarding the calculation and registration of the amount to be allocated to federal public securities (MATPF) and to update procedures regarding the collection of contributions by institutions associated with the Credit Guarantee Fund (FGC) and the submission of information to the FGC regarding financial instruments subject to guarantee.

The Collegiate Board of the Central Bank of Brazil, in a session held on May 9, 2024, based on art. 9 of Law No. 4.595, of December 31, 1964, arts. 22 and 28 of Law No. 12.810, of May 15, 2013, and in view of the provisions of Resolution No. 4.222, of May 23, 2013,

R E S O L V E:

Art. 1 The summary of BCB Resolution No. 102, of June 7, 2021, shall be amended as follows:

“Provides for the preparation and transmission of information regarding financial instruments subject to guarantee to the Credit Guarantee Fund (FGC), regarding the calculation of the tax base and the collection of contributions by institutions associated with the FGC, and regarding procedures for the calculation and registration of the amount to be allocated to federal public securities (MATPF).” (NR)

Art. 2 BCB Resolution No. 102, of 2021, shall be amended as follows:

“Art. 1 ...........................................................................................................

I - ......................................................................................................................

.........................................................................................................................

b) registrars or central depositories of financial assets eligible for FGC guarantee;

II - the calculation of the tax base and the collection of ordinary, special, and additional contributions by institutions associated with the FGC; and

III - procedures regarding the calculation and registration of the amount to be allocated to federal public securities (MATPF).” (NR)

“Art. 2 ...........................................................................................................

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V - classification of the credit holder and the control condition of the credit holder of the financial instrument representing the credit subject to FGC guarantee, according to Table II of the Annex to this Resolution;

VI - value of the credit held by the holder;

VII - index of the financial instrument;

VIII - unit value of the financial instrument;

IX - quantity of the financial instrument held by the holder;

X - existence of judicial block on the financial instrument; and

XI - blocked value of the financial instrument.

Sole paragraph. The systems referred to in the caput must be prepared to generate, at any time, the electronic file with information regarding the last 30 (thirty) days, not limited to the base date specified in the caput of art. 4.” (NR)

“Art. 3 ...........................................................................................................

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VII - classification of the credit holder and the control condition of the credit holder of the financial instrument representing the credit subject to FGC guarantee, according to Table II of the Annex to this Resolution;

VIII - value of the financial instrument;

IX - date of issuance of the financial instrument;

X - unit value of the financial instrument on the acquisition date;

XI - quantity of the financial instrument;

XII - unit value of the financial instrument;

XIII - base date of the unit value of the financial instrument;

XIV - existence of judicial block on the financial instrument; and

XV - blocked value of the financial instrument.

Sole paragraph. The systems referred to in the caput must be prepared to generate, at any time, the electronic file with information regarding the last 30 (thirty) days, not limited to the base date specified in the caput of art. 4.” (NR)

“Art. 4 ............................................................................................................

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§ 3 Information regarding institutions that are part of the same prudential conglomerate must be prepared on a consolidated basis and sent to the FGC by the lead institution, even if such institution is not associated with the FGC.

................................................................................................................” (NR)

“Art. 6 ............................................................................................................

Sole paragraph. The information referred to in the caput must be calculated based on individual financial statements, even if the institution is part of a prudential conglomerate.” (NR)

“Art. 9 ............................................................................................................

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§ 1 The value of the PLA used in the calculation of the additional contribution must correspond to the higher value between the PLA of the month immediately preceding the month of calculation of the additional contribution and the result of the arithmetic mean of the PLA over the last 12 (twelve) months or the number of months available, if less than 12 (twelve).

.........................................................................................................................

§ 6 The VR must be calculated based on data from the month immediately preceding the month of calculation of the additional contribution.

§ 7 The value of the CR used in the calculation of the additional contribution must correspond to the higher value between the CR of the month immediately preceding the month of calculation of the additional contribution and the result of the arithmetic mean of the CR over the last 12 (twelve) months or the number of months available, if less than 12 (twelve).” (NR)

“Art. 11. The collection of ordinary, special, and additional contributions by institutions associated with the FGC must be made by the first business day of the month following the receipt of the information regarding the total contribution amount calculated by the FGC.” (NR)

“Art. 12. ..........................................................................................................

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§ 2 The collection of the amount corresponding to the fine and the complement referred to in the sole paragraph of art. 10 must be made to the FGC, observing the conditions established by it.” (NR)

“Art. 13. The collection of the amounts provided for in this chapter must be processed within the Brazilian Payments System (SPB), through the Reserve Transfer System (STR).

Sole paragraph. Associated institutions must observe the procedures established by the FGC for compliance with the provisions of this article.” (NR)

“CHAPTER III-A

OF THE CALCULATION AND REGISTRATION OF MATPF

Art. 13-A. For the purpose of calculating MATPF, the provisions of arts. 8 and 9 of this Resolution apply.

Art. 13-B. Federal public securities referring to MATPF must be registered in the Special Settlement and Custody System (SELIC) in a specific account to be defined by the Central Bank of Brazil.

§ 1 The allocation of federal public securities may be carried out even through repo operations.

§ 2 It is prohibited to carry out an agreement for free movement of the securities subject to repurchase commitment in the repo operations referred to in § 1.

§ 3 The federal public securities referred to in the caput must:

I - be denominated in reais;

II - have a maximum remaining term of 5 (five) years until maturity; and

III - not be referenced in foreign currency.” (NR)

Art. 3 Table III of the Annex to BCB Resolution No. 102, of 2021, shall be effective in the form of the table contained in the Annex to this Resolution.

Art. 4 The sole paragraph of art. 11 of BCB Resolution No. 102, of 2021, is hereby revoked.

Art. 5 This Resolution enters into force:

I - on January 1, 2025:

a) regarding the provisions of art. 2, concerning the amendments to arts. 2 and 3 of BCB Resolution No. 102, of 2021; and

b) regarding the provisions of art. 3 of this Resolution;

II - on June 1, 2024, regarding the remaining provisions.

RENATO DIAS
DE BRITO GOMES

Director of Financial Organization and Resolution

AILTON
AQUINO DOS SANTOS

Director of Supervision

ANNEX TO BCB RESOLUTION NO. 377,
OF MAY 9, 2024

Table III - Value Range
Value Range	Lower Limit	Upper Limit
1	0.01	10.00
2	10.01	100.00
3	100.01	500.00
4	500.01	1,000.00
5	1,000.01	2,000.00
6	2,000.01	5,000.00
7	5,000.01	10,000.00
8	10,000.01	15,000.00
9	15,000.01	20,000.00
10	20,000.01	50,000.00
11	50,000.01	100,000.00
12	100,000.01	150,000.00
13	150,000.01	200,000.00
14	200,000.01	250,000.00
15	250,000.01	300,000.00
16	300,000.01	400,000.00
17	400,000.01	500,000.00
18	500,000.01	600,000.00
19	600,000.01	700,000.00
20	700,000.01	800,000.00
21	800,000.01	900,000.00
22	900,000.01	1,000,000.00
23	1,000,000.01	2,000,000.00
24	2,000,000.01	5,000,000.00
25	5,000,000.01	20,000,000.00
26	20,000,000.01	40,000,000.00
27	40,000,000.01	999,999,999,999,999.00