BCB Resolution No. 504 — Amends BCB Resolution No. 352 of November 23, 2023, on accounting criteria for financial instruments and hedge accounting

RESOLUTION

BCB RESOLUTION NO. 504, OF SEPTEMBER 23, 2025

Amends
BCB Resolution No. 352, of November 23, 2023, which disposes on the concepts and accounting criteria applicable to financial instruments, as well as for the designation and recognition of hedging relationships (hedge accounting) by securities brokerage firms, securities distribution firms, foreign exchange brokerage firms, consortium administrators, and payment institutions authorized to operate by the Central Bank of Brazil, and on accounting procedures for defining cash flows of financial assets as solely payments of principal and interest, the application of the methodology for calculating the effective interest rate of financial instruments, the establishment of provisions for losses associated with credit risk, and the disclosure of information relating to financial instruments in explanatory notes to be observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

The Collegiate Board of the Central Bank of Brazil, in a session held on September 23, 2025, based on arts. 9 of Law No. 4,595, of December 31, 1964, 9-A of Law No. 4,728, of July 14, 1965, 6 and 7, caput, item III, of Law No. 11,795, of October 8, 2008, 9, caput, items II and IX, letter "b", and 15 of Law No. 12,865, of October 9, 2013,

R E S O L V E :

Art. 1 BCB Resolution No. 352, of November 23, 2023, published in the Official Gazette of the Union on November 27, 2023, shall enter into force with the following alterations:

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

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§ 6 The observance of the requirement set forth in item II of § 4 is exceptionally waived for financial instruments that, due to their nature and payment structure, provide for periodic payments with intervals equal to or greater than three months, provided that it is proven that the evidence referred to in item IV of § 4 was observed for at least ninety days prior to the date of derecognition of the asset as having credit recovery problems.” (NR)

“Art. 49.

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§ 2 Instruments derecognized under the terms of this article that cease to meet the condition set forth in the caput must be:

I - recognized in accordance with arts. 22 and 23, in the case of restructuring or renegotiation, or at the present value of the best estimate of the amounts to be received, in other cases; and

II - characterized as assets with credit recovery problems, with expected loss provisions associated with credit risk equal to 100% (one hundred percent) of the instrument’s value.

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(NR)

Art. 2 This Resolution enters into force on October 1, 2025.

GILNEU FRANCISCO ASTOLFI VIVAN
Director of Regulation