Circular Letter No. 3882 — Amends the wording of Circular Letter No. 3,853 of December 19, 2017, detailing accounting items for calculating the simplified risk-weighted assets (RWAS5) portion regarding credit risk

The Head of the Prudential and Exchange Regulation Department (Dereg), using the powers conferred by Art. 23, item I, letter “a”; and Art. 118, 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 Art. 11, sole paragraph, of Resolution No. 4,606, of October 19, 2017,

R E S O L V E:

Art. 1º Article 1 of Circular Letter No. 3,853, of December 19, 2017, shall be effective with the following wording:

“Art. 1º ...............................................................

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IV - ....................................................................

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ba) 1.3.6.17.10-5 - Federal Public Bonds;

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VII - ...................................................................

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c) 1.1.9.10.00-0 - Financial Availability - Asset Portfolios - LIG;

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XVII - credit operations, which correspond to the result, limited to zero, of the sum of the values of the accounts specified in the following letters, minus the values of account 3.0.9.62.00-8 - Linked Active Operations:

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XX - investments in investment fund shares, which correspond to the sum of the values of the accounts:

a) 1.3.1.15.15-7 - Short-Term Fund Shares;

b) 1.3.1.15.25-0 - Referenced Fund Shares; and

c) 1.3.1.15.30-8 – Fixed Income Fund Shares;

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XXII - values of guarantees, sureties, joint obligations or any other modality of personal guarantee for the fulfillment of financial obligations of third parties, which correspond to the values of account 3.0.1.00.00-4 - Joint Obligations and Risks in Granted Guarantees minus the values of account 4.9.9.45.00-9 - Provision for Financial Guarantees Granted;

XXIII - values of subordinated class shares of Credit Rights Investment Funds, which correspond to the values of account 1.3.1.15.60-7 - Shares in Credit Rights Funds; and

XXIV - operations for which there is no specific Risk Weighting Factor (RWF) established, which correspond to the sum of the values of the other Current Asset and Long-Term Receivable and Permanent Asset accounts listed in Cosif regarding operations consistent with the simplified risk profile requirements referred to in Arts. 4º and 5º of Resolution No. 4,606, of October 19, 2017, and not deducted from the Simplified Reference Equity (PRS5), mentioned in Circular Letter No. 3,850, of December 19, 2017.

Sole Paragraph. For the purpose of calculating the RWARCSimp amount, the following exposures shall not be considered:

I - regarding interdependence operations, the values of account 1.5.0.00.00-2 - Interdependence Relations; and

II - regarding checks, bills of exchange, and credit documents (DOCs) to be credited to customer accounts, when the release of the respective resources is linked to the actual clearing, in accordance with the regulations in force, the sum of the values of the accounts:

a) 1.4.1.10.00-3 - Checks and Other Papers to Return;

b) 1.4.1.20.00-0 - Checks and Other Papers to Send;

c) 1.4.1.30.00-7 - Checks and Other Papers Sent; and

d) 1.4.1.40.00-4 - Receipts of Documents Sent by Other System Participants” (NR).

Art. 2º This Circular Letter enters into force on the date of its publication.

Rodrigo Lara Pinto Coelho