Circular Letter No. 3743 — Creates a line item in the National Financial System Institutions Accounting Plan (Cosif) for recording time deposits contracted with guarantee funds

The Head of the Department of Financial System Regulation (Denor), using the authority granted by Article 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, based on item 4 of Circular No. 1,540, of October 6, 1989, and considering the provisions of Circular No. 3,569, of December 22, 2011,

R E S O L V E:

Art. 1. A new subtitle 4.1.5.10.55-9 Contracted with Guarantee Funds – LC No. 101 and LC No. 130 is created in the Accounting Plan of the Institutions of the National Financial System (Cosif), with attributes UBDIFELMNZ, code ESTBAN 432, and publication code 414.

Art. 2. The function of title 4.1.5.10.00-9 TIME DEPOSITS is supplemented with a command regarding the accounting line item mentioned in Art. 1, providing that the subtitle 4.1.5.10.55-9 Contracted with Guarantee Funds – LC No. 101 and LC No. 130 is intended for the recording of time deposits resulting from financial assistance or support operations contracted with funds or other mechanisms constituted by the institutions of the National Financial System in the manner of § 1 of Art. 28 of Complementary Law No. 101, of May 4, 2000, including those mentioned in Art. 12, item IV, of Complementary Law No. 130, of April 17, 2009.

Art. 3. The provisions of this Circular Letter apply to accounting documents prepared from the December 2015 reference date.

Sole Paragraph. The time deposit balances mentioned in Art. 2 that may have been recorded in other accounting titles or subtitles must be reclassified to the appropriate accounting line item created by means of this Circular Letter, observing the nature of the operation.

Art. 4. This Circular Letter enters into force on the date of its publication.

Sílvia Marques de Brito e Silva