Circular Letter No. 4057 Amending Circular Letter No. 4024 Regarding Eligibility Criteria for Guarantees Linked to the Temporary Special Liquidity Line via Financial Letter Issuance

The Head of the Financial System Monitoring Department (Desig), in the exercise of the authority conferred by Article 23, item I, clause 'a', of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287 of February 27, 2015, based on Article 77, item III, and in view of the provisions set forth in Resolutions Nos. 4,571 of May 26, 2017, and 4,795 of April 2, 2020, Circulars Nos. 3,870 of December 19, 2017, 3,996 of April 6, 2020, and 4,021 of May 26, 2020, and Circular Letter No. 3,869 of March 19, 2018,

RESOLVES:

Article 1. Circular Letter No. 4,024 of April 9, 2020, shall be amended as follows:

“Article 6. ...............................................................

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III - for the purposes of the provision set forth in item III of Article 10 referred to in the caput, the Financial Institution (IF) shall consider domain 1804 of “Annex 3: Operation Modality” and domains 150 to 190 of “Annex 1: Maturity Code”;

IV - for the purposes of the provision set forth in the sole paragraph of Article 10 referred to in the caput, in the calculation of the 25% limit for financial assets and securities of the same issuer or debtor, the IF shall consider the total of the active portfolio, calculated from domains 110 to 290 of “Annex 1: Maturity Code”, and prior to the application of the weighting factors provided for in Article 6 of Resolution No. 4,795 of 2020;

V - for the purposes of the provision set forth in the sole paragraph of Article 15 referred to in the caput, in the calculation of the 5% parameter for financial assets or securities of the same issuer or debtor, the IF shall consider the total of the active portfolio, calculated from domains 110 to 290 of “Annex 1: Maturity Code”, and prior to the application of the weighting factors provided for in Article 6 of Resolution No. 4,795 of 2020.

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

Gilneu Francisco Astolfi Vivan