Circular Letter No. 3617: Amends Article 2, Paragraph 3 of Circular Letter No. 3,540, and Updates Layout and Instructions for Credit Risk Data Code 3040

The Head of the Financial System Monitoring Department (Desig), using the authority granted by Article 22, item I, letter “a” of the Internal Regulations of the Central Bank of Brazil (BCB), annexed to Ordinance No. 29,971, of March 4, 2005, in accordance with Article 15 of Circular Letter No. 3,567, of December 12, 2011,

RESOLVES:

Article 1. Article 2, Paragraph 3, of Circular Letter No. 3,540, of February 23, 2012, shall henceforth read as follows:

“Paragraph 3. The document with code 3040, of monthly periodicity, whose balance to be reported corresponds to that existing on the last day of the month, must be submitted by the 9th (ninth) business day of the month following that of the respective data base.” (NR)

Article 2. Article 9, main text, and item V, of Circular Letter No. 3,540, of 2012, are amended, and item VI and Paragraphs 1 to 3 are added to it, with the following wording:

“Article 9. For the purposes of Article 8 of Circular Letter No. 3,567, of 2011, the registration of credit operations in the SCR must be carried out:

(...)

V - by the advanced or financed value to the client, plus revenues and charges of any nature earned, including:

a) the exchange rate variation calculated during the period, in the case of credit operations contracted with an exchange rate adjustment clause; or

b) the variation of the correction unit or contracted charges calculated during the period, in the case of credit operations contracted with post-fixed or floating rates;

VI - by the present value of the installments foreseen in the contracts, obtained by using the effective annual rate of each of them, in the case of credit operations contracted at fixed interest rates and not listed in the preceding items.

Paragraph 1. The information regarding the value of the maturity of credits to mature must represent the present value of each of the installments of the credit operation that are in this situation, whose maturities occur within the time intervals specified in the layout of the document with code 3040.

Paragraph 2. The information regarding the value of the maturity of overdue credits must represent the present value of each of the installments of the operation that are in this situation, plus the charges of any nature provided for in the contract, observing the provisions of Article 9 of Resolution No. 2,682, of December 21, 1999, whose periods of non-compliance are within the time intervals specified in the layout of the document with code 3040.

Paragraph 3. The information referred to in Paragraphs 1 and 2 of this article must observe the filling instructions mentioned in Article 4 to deal with the allocation of values in the time intervals specified in the layout of the document with code 3040.” (NR)

Article 3. The layout of the document with code 3040 - Credit Risk Data, referred to in Circular Letter No. 3,567, of December 12, 2011, and Circular Letter No. 3,540, of 2012, is amended as follows:

I - inclusion of the field “Total of Clients”;

II - changes in the Annexes to the layout of the document with code 3040:

1. Annex 3: Operation Modality, in the domain “02 - Loans”:

1. exclusion of the subdomains “01 - overdraft and guaranteed account”, “05 - working capital with maturity less than 30 d” and “06 - working capital with maturity equal to or greater than 30 d”;
2. inclusion of the subdomains “13 - overdraft”, “14 - guaranteed account”, “15 - working capital with maturity up to 365 d” and “16 - working capital with maturity greater than 365 d”;

b) Annex 26: Additional Information: inclusion of the domain “15 - Consigning Entity” and its subdomains “01 - public”, “02 - private” and “03 - INSS”.

III - change of the name of the field “Annual Revenue” to “Annual Revenue Legal Entity or Monthly Income Natural Person”, with the function of recording:

1. for a legal entity client, the gross annual revenue;
2. for a natural person client, the gross monthly income.

Sole Paragraph. The layout and filling instructions related to the additions and exclusions referred to in this article are available on the Central Bank of Brazil’s website, on the internet, at the electronic address www.bcb.gov.br/?DOC3040.

Article 4. This Circular Letter enters into force on the date of its publication, producing effects, regarding the provisions of:

I - Article 1, from the data base of April 2014;

II - Article 3, from the data base of February 2014.

Gilneu Francisco Astolfi Vivan