Circular Letter No. 3811 — Amends Procedures for Remitting Information via Code 3050 to the Credit Information System (SCR)

The Head of the Economic Department (Depec) and the Head of the Financial System Monitoring Department (Desig), using the authority conferred 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, and considering the provisions of Resolution No. 4,549, of January 26, 2017, and Circular Letter No. 3,567, of December 12, 2011,

RESOLVE:

Article 1. Information regarding credit operations classified under the Credit Card - Revolving modality, for individuals and legal entities, in the Free Resources Credit segment, of document code 3050, shall also be transmitted disaggregated under the following credit modalities:

I - Credit Card - Revolving in Normal Course; and

II - Credit Card - Revolving in Overdue.

§ 1. Operations for which the minimum payment required by current legislation has not been made must be classified under the Credit Card - Revolving in Overdue modality, with the remaining operations remaining under the Credit Card - Revolving in Normal Course modality.

§ 2. The operations to be reported under the Credit Card - Revolving in Normal Course and Credit Card - Revolving in Overdue modalities, for each reference date, must correspond to the total of operations classified under the Credit Card - Revolving modality, for individuals and legal entities, in the Free Resources Credit segment, of document code 3050.

Article 2. Credit card operations intended for installment financing of the remaining revolving credit balances, as provided in Article 2 of Resolution No. 4,549, of January 26, 2017, shall be classified under the Credit Card - Migrated Installment modality, for individuals and legal entities, in the Free Resources Credit segment, of document code 3050.

Article 3. The changes provided for in this Circular Letter shall take effect on April 3, 2017.

Article 4. The updated version of the filling instructions, as well as the layout of document code 3050, with the changes provided for in Articles 1 and 2 of this Circular Letter, is available on the Central Bank of Brazil’s website at the electronic address http://www.bcb.gov.br/?DOC3050.

Article 5. This Circular Letter enters into force on the date of its publication.

Túlio José Lenti Maciel

Head of Depec

Gilneu Francisco Astolfi Vivan

Head of Desig