Rule · BCB · 4 Dec 2024 · Resolução BCB 441
This resolution amends Resolution BCB No. 102 to include the Development Credit Letter (LCD) as a financial instrument representing credit eligible for guarantee by the Credit Guarantee Fund (FGC). Specifically, it updates Article 9 to allow LCD balances up to R$5,000 per client to be covered under the guarantee scheme and revises Table I of the Annex to list LCD as item XII. The resolution enters into force on the date of its publication.
Resolution No. 441
RESOLUTION
BCB No. 441, OF DECEMBER 4, 2024
Amends Resolution BCB No. 102, of June 7, 2021, to include, for the purposes of this Resolution, the development credit letter – LCD as an instrument financial representing credit subject to guarantee by the Credit Guarantee Fund – FGC.
The Collegiate Board of the Central Bank of Brazil, in a session held on December 4, 2024, based on art. 9 of Law No. 4.595, of December 31, 1964, in arts. 22 and 28 of Law No. 12.810, of May 15, 2013, and having in view the provisions of Resolution No. 4.222, of May 23, 2013,
R E S O L V E:
Art. 1º Resolution BCB
No. 102, of June 7, 2021, published in the Official Gazette of the Union on June 9 of 2021, shall enter into force with the following changes:
“Art. 9º .....................................................................................................................
...................................................................................................................................
II
...................................................................................................................................
b) the balances, up to the limit of R$5,000.00 (five thousand reais) per client, of the instruments provided for in items III, V, VI, VII, VIII, X and XII of Table I of the
Annex to this Resolution; and
..................................................................................................................” (NR)
Art. 2º Table I of the Annex to Resolution BCB No. 102, of June 7, 2021, published in the Official Gazette of the Union on June 9, 2021, shall enter into force in the form of the table contained in the Annex to this Resolution.
Art. 3º This Resolution enters into force on the date of its publication.
RENATO
DIAS DE BRITO GOMES AILTON AQUINO DOS SANTOS
Director of
System Organization Director of Supervision
Financial and Resolution
ANNEX TO BCB RESOLUTION
No. 441, OF DECEMBER 4, 2024
| Table I - Type of financial instrument representing credit subject to FGC guarantee | |
| No. | Description |
| I | Demand deposits |
| II | Savings deposits |
| III | Time deposits without special guarantee |
| IV | Time deposits with special guarantee |
| V | Bills of Exchange |
| VI | Mortgage Letters |
| VII | Agribusiness Credit Letters |
| VIII | Real Estate Credit Letters |
| IX | Non-checkable deposits |
| X | Committed operations with objects being securities issued by a related company |
| XI | Deposits maintained in inactive accounts |
| XII | Development Credit Letters |
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“Amends Resolution BCB No. 102, of June 7, 2021, to include, for the purposes of this Resolution, the development credit letter – LCD as an instrument financial representing credit subject to guarantee by the Credit Guarantee Fund – FGC.”
“based on art. 9 of Law No. 4.595, of December 31, 1964”
“in arts. 22 and 28 of Law No. 12.810, of May 15, 2013”
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