Circular Letter No. 3.701

The Head of the Financial System Monitoring Department (Desig), using the authority conferred upon him by art. 23, item I, subitem "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Administrative Rule No. 84.287, of 27 February 2015, based on art. 77, item III, of the aforementioned Regulations, and in view of the provisions of art. 4 of Circular No. 3.737, of 4 December 2014, RESOLVES:

Art. 1 The submission of the information referred to in art. 1 of Circular No. 3.737, of 4 December 2014, must be carried out by means of document 2300 - Foreign Fundraising, with the coding of the Document Catalog (Cadoc) and other characteristics in accordance with the annex to this Circular Letter.

Art. 2 The information referred to in art. 1 must include, at a minimum, the following fundraising modalities:

• I - drawdowns on credit lines abroad;

• II - disbursements of external loans and financing;

• III - fundraising backed by the issuance of securities on the foreign market.

§ 1 The information referred to in the caput must cover the operations carried out by institutions that are part of the same prudential conglomerate, in accordance with the Chart of Accounts for Institutions of the National Financial System (Cosif), including by all their branches and subsidiaries abroad. § 2 The information referred to in item III must not include fundraising backed by securities acquired by natural persons or by non-financial entities that are clients of the institution itself, without intermediation or issuance of the fundraising instrument on the financial market. § 3 The information relating to fundraising carried out by institutions located in Brazil from their branches or subsidiaries abroad must only be reported as of the base date of 1 October 2015.

Art. 3 The document referred to in art. 1 must present, at a minimum, the following content:

• I - when there is fundraising:

  • a. date of fundraising;

  • b. identification and country of the debtor;

  • c. identification of the creditor;

  • d. information on whether debtor and creditor belong to the same prudential conglomerate;

  • e. currency and amount of the fundraising;

  • f. indicator of fundraising without principal maturity;

  • g. amount(s) and expected date(s) for principal payment;

  • h. type of interest rate applicable and spread, if any;

  • i. total cost on the date of fundraising;

  • j. origin and destination of funds;

  • k. Cosif account used to record the fundraising;

• II - when there is principal payment:

  • a. date of payment;

  • b. fundraising number;

  • c. amount and expected maturity date of the payment.

• III – when there is outstanding balance on the last day of the month:

  • a. date of the outstanding balance;

• b. identification of the debtor;

• c. currency and amount of the principal outstanding balance.

Art. 4 The information referring to the fundraising mentioned in art. 2, not fully settled by 30 June 2015, must be submitted by 8 July 2015, except for those relating to the fundraising provided for in paragraph 3 of art. 2.

§ 1 For fundraising recorded in transaction PCAM630 of the Central Bank Information System (Sisbacen), all original fundraising data listed in item I of art. 2 must be submitted, as well as data relating to all principal payments already made.

§ 2 For fundraising not recorded in transaction PCAM630 of Sisbacen, all original fundraising data listed in item I of art. 2 must be submitted, except the fundraising amount, which must be replaced by the outstanding principal balance existing on 30 June 2015.

Art. 5 The information referring to fundraising carried out by institutions located in Brazil from their branches or subsidiaries abroad, not fully settled by 30 September 2015, must be submitted by 8 October 2015, with the original fundraising data, except the fundraising amount, which must be replaced by the outstanding principal balance existing on 30 September 2015.

Art. 6 This Circular Letter enters into force on the date of its publication, producing effects as of 1 July 2015.

Art. 7 Circular Letter No. 3.477, of 23 December 2010, is revoked on 1 July 2015.

Gilneu Francisco Astolfi Vivan

Annex to Circular Letter No. 3.701, of 8 April 2015.

Coding in the Document Catalog (Cadoc) and its other characteristics:

Document Code: 2300.

Document Catalog (Cadoc) Code: as set out in the Annex to Circular No. 3.737, of 4 December 2014.

Document Name: Foreign Fundraising.

Submission Frequency: - Daily: whenever there is fundraising and/or principal payment; and - Monthly, relating to the last day of the month: whenever there is principal outstanding balance. If any fundraising and/or principal payment occurs on the last day of the month, this information must be included in the document together with the principal outstanding balance.

Deadline for Submission: by the 2nd business day following the corresponding base date.

Unit Responsible for Curation: Desig.

Form of Submission: Electronic means.

System for Submission: File Transfer System (STA), in accordance with Circular Letter No. 3.588, of 18 March 2013, available on the Central Bank of Brazil's website on the Internet, at https://sta.bcb.gov.br/sta/.

Format for Submission: XML (eXtensible Markup Language).

Submission Validation: Anticipated.

Submission Validation Scheme: XSD (XML Schema Definition).

Additional Elements for Submission: layout/XSD validation schemes; filling instructions; templates, in Excel format; available on the Central Bank of Brazil's website on the internet, at http://www.bcb.gov.br/?INFOL.

Director Responsible for Preparation and Submission: indicated in accordance with art. 1 of Circular No. 3.504, of 6 August 2010.

Registration of the Director Responsible for Preparation and Submission: in the module "Vínculos – Inclusão – Diretor Responsável por Área de Atuação" of Unicad.

Employee Designated to Respond to Questions: designated under the terms of art. 3 of Circular No. 3.737, of 2014.

Registration of the Employee Designated to Respond to Questions: in the module "Vínculos – Inclusão – Responsável por Envio de Informações" of Unicad.

Electronic Address for Resolution of Doubts about the Submission and Completion of the Document: dicam.corac.desig@bcb.gov.br.