Circular Letter No. 3852 — Details accounting items for calculating the simplified risk-weighted assets (RWAS5) portion for gold, foreign currency, and exchange rate exposure

The Head of the Prudential and Exchange Regulation Department (Dereg), acting in substitution, using the powers conferred by Article 23, item I, letter "a"; and Article 118, item I, letter "a" of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 95,818, of December 4, 2017, and having in view the provisions of Article 11, sole paragraph, of Resolution No. 4,606, of October 19, 2017,

R E S O L V E:

Art. 1º The components of the exposure related to investment in gold, foreign currency, and assets and liabilities subject to exchange rate variation (EXPSimp), mentioned in Article 2, §1º, of Circular Letter No. 3,861, of December 7, 2017, must be calculated, in accordance with the Accounting Plan of the Institutions of the Financial System (Cosif), as follows:

I - investments in gold, which correspond to the values of account 1.1.4.00.00-8 - Investments In Gold;

II - foreign currency liquidity, which correspond to the values of account 1.1.5.00.00-1 - Foreign Currency Liquidity;

III - purchased exchange to be settled, which corresponds to the values of account 1.8.2.06.00-9 - PURCHASED EXCHANGE TO BE SETTLED, net of the values of account 1.8.2.07.00-8 - ADVANCES IN FOREIGN CURRENCIES RECEIVED;

IV - sold exchange to be settled, which corresponds to the values of account 4.9.2.05.00-0 - SOLD EXCHANGE TO BE SETTLED, net of the values of account 4.9.2.06.00-9 - ADVANCES IN FOREIGN CURRENCIES GRANTED.

Art. 2º This Circular Letter enters into force on February 18, 2018.

Jaildo Lima de Oliveira