Circular No. 2.568

CIRCULAR N. 002568 ------------------ Amends the classification of risk factors for active operations, as well as the procedures for accounting for credit assignment operations and for revenues and expenses to be appropriated. The Board of Directors of the Central Bank of Brazil, in a session held on 03.05.95, having regard to the provisions of art. 2, paragraph 2, of Regulation Annex IV of Resolution No. 2.099, of 17.08.94, and based on art. 4, item XII, of Law No. 4.595, of 31.12.64, by competence delegated by the National Monetary Council, by act of 19.07.78, D E C I D E D: Art. 1 The classification of risk factors for active operations, dealt with in art. 2, paragraph 1, of Regulation Annex IV to Resolution No. 2.099, of 17.08.94, is amended in accordance with the table annexed to this Circular. Art. 2 Revenues and expenses to be appropriated, arising, respectively, from active and passive operations with fixed remuneration, must be recorded in a subheading for internal use of the own account or accounting subaccount used to record the operation in the Chart of Accounts for Institutions of the National Financial System - COSIF. Paragraph 1 The provisions of this article do not apply to revenues from credit operations classified as overdue or in credits in liquidation, not recognized as effective revenue under the regulations in force, as well as to those from leasing and foreign exchange operations, which must continue to be recorded in the specific account for revenues and expenses to be appropriated. Paragraph 2 Credit operations contracted at fixed rates shall be reported, as of 01.07.95, by their updated amounts in the Economic-Financial Statistics, document No. 15, of COSIF. Paragraph 3 For the base date of 31.07.95, in addition to the Economic-Financial Statistics, document No. 15, code CADOC 4150, in magnetic medium and in the form now defined, the institution must also forward this document filled out in the form in force until the base date of 30.06.95, by electronic mail or correspondence, to the Central Bank of Brazil - Department of Registration and Information - DECAD, within the same period provided for sending to this Body the trial balance for the base date of 31.07.95. Art. 3 Credit and leasing operations subject to assignment of the respective rights, with or without co-obligation, must be recorded in the assignee according to the modality of the original operation, observing the predominant activity of the credit borrower or lessee. Sole paragraph. The assigned credit rights dealt with in this article must be reported by the assignee through the Economic-Financial Statistics, document No. 15, of COSIF. Art. 4 The result of the assignment of credit and leasing operations must be determined by the assigning institution on the date of contracting the operation, by writing off the accounting account used to record the original operation. Paragraph 1 The positive or negative result of the operation referred to in this article
must be appropriated, respectively, as an addition to or reversal of revenues from credit operations or revenues from leasing operations. Paragraph 2 In the event of a negative result exceeding the amount of revenues already appropriated in the semester, referred to in the previous paragraph, the difference must be recorded in EXPENSES ON ASSIGNMENT OF CREDIT OPERATIONS or EXPENSES ON ASSIGNMENT OF LEASING CREDITS. Paragraph 3 Assignments with co-obligation dealt with in this article must be recorded by the assignors in CO-OBLIGATIONS IN CREDIT ASSIGNMENTS, code 3.0.1.85.00-5, against LIABILITIES FOR CO-OBLIGATIONS IN CREDIT ASSIGNMENTS, code 9.0.1.85.00-7. Paragraph 4 The assigned operations that remain in the possession of the assignor for collection must be recorded as simple collection on behalf of third parties. Paragraph 5 In the event that the assigning institution assumes the payments related to the assigned operations with co-obligation, due to default by the credit borrower or lessee, the resulting credit must be classified in the accounting account used to record the original operation, observing the status of the credit. Art. 5 The accounting of assignments of other credit rights must be carried out in the form provided for in this Circular. Art. 6 Circulars Nos. 1.391, of 07.12.88, 1.739, of 25.05.90, and 1.743, of 29.05.90, item 9 of Circular No. 1.398, of 22.12.88, and item 1.19.1.14 of COSIF are revoked. Art. 7 This Circular enters into force on the date of its publication, producing effects as of 01.07.95, and the remaining balances of credit assignment operations existing on that date must be reclassified, by 31.07.95, in the form of this normative act. Brasília, 4 May 1995 Cláudio Ness Mauch Director of Norms and Organization of the Financial System ANNEX ASSET CLASSIFICATION TABLE Risk Weighting Factors ZERO RISK - 0% Weighting Factor Amounts in current currency 1.1.1.00.00-9 Cash Free reserves in specie deposited at the Central Bank 1.1.3.00.00-5 Free Reserves Investments in repurchase agreements with own funds - banked position - federal public securities and those of affiliated financial institutions 1.2.1.10.03-6 Financial Treasury Bills 1.2.1.10.05-0 National Treasury Bills 1.2.1.10.07-4 National Treasury Notes 1.2.1.10.10-8 National Treasury Obligations 1.2.1.10.12-2 National Treasury Bonus 1.2.1.10.15-3 Central Bank Bills 1.2.1.10.16-0 Central Bank Notes 1.2.1.10.18-4 Central Bank Bonus 1.2.1.10.30-4 CDB - Affiliated Financial Institution 1.2.1.10.40-7 LC - Affiliated Financial Institution 1.2.1.10.50-0 LI - Affiliated Financial Institution Investments in repurchase agreements with third-party funds - financed position 1.2.1.20.00-2 Resales to be Settled - Financed Position Investments in interfinancial deposits with own funds in affiliated financial institutions 1.2.2.10.10-1 Affiliated 1.2.2.10.30-7 Affiliated - Linked to Rural Credit 1.2.2.20.10-8 Affiliated 1.2.2.30.10-5 (-) Affiliated 1.2.2.99.10-8 Affiliated
Voluntary deposits at the Central Bank of real estate credit companies 1.2.3.00.00-4 Voluntary Investments at the Central Bank Investments in foreign currencies at the Central Bank - exchange 1.2.6.10.30-9 Central Bank - Excess Position 1.2.6.20.30-6 Central Bank - Excess Position Investments in intermediated fixed-income securities - federal public securities and those of affiliated financial institutions 1.3.1.05.03-3 Financial Treasury Bills 1.3.1.05.05-7 National Treasury Bills 1.3.1.05.10-5 National Treasury Obligations 1.3.1.05.12-9 National Treasury Bonus 1.3.1.05.15-0 Central Bank Bills 1.3.1.05.30-1 CDB - Affiliated Financial Institution 1.3.1.05.40-4 LC - Affiliated Financial Institution 1.3.1.05.50-7 LI - Affiliated Financial Institution 1.3.1.05.60-0 LH - Affiliated Financial Institution Investments in fixed-income securities - own portfolio - federal public securities and those of affiliated financial institutions 1.3.1.10.03-5 Financial Treasury Bills 1.3.1.10.05-9 National Treasury Bills 1.3.1.10.07-3 National Treasury Notes 1.3.1.10.10-7 National Treasury Obligations 1.3.1.10.12-1 National Treasury Bonus 1.3.1.10.15-2 Central Bank Bills 1.3.1.10.16-9 Central Bank Notes 1.3.1.10.18-3 Central Bank Bonus 1.3.1.10.30-3 CDB - Affiliated Financial Institution 1.3.1.10.40-6 LC - Affiliated Financial Institution 1.3.1.10.50-9 LI - Affiliated Financial Institution 1.3.1.10.60-2 LH - Affiliated Financial Institution Investments in TDEs 1.3.1.50.10-5 Affiliated Investments in securities and marketable securities abroad 1.3.1.85.10-1 Securities Issued by the National Treasury Provision for devaluation of fixed-income securities of the own portfolio 1.3.1.99.30-0 Federal Public Securities - National Treasury 1.3.1.99.35-5 Securities Issued by the National Treasury Abroad 1.3.1.99.40-3 Federal Public Securities - Central Bank 1.3.1.99.50-6 Securities Issued by Affiliated Financial Institutions Investments in fixed-income securities linked to repurchase agreements - federal public securities and those of affiliated financial institutions 1.3.2.10.03-8 Financial Treasury Bills 1.3.2.10.05-2 National Treasury Bills 1.3.2.10.07-6 National Treasury Notes 1.3.2.10.10-0 National Treasury Obligations 1.3.2.10.12-4 National Treasury Bonus 1.3.2.10.15-5 Central Bank Bills 1.3.2.10.16-2 Central Bank Notes 1.3.2.10.18-6 Central Bank Bonus 1.3.2.10.30-6 CDB - Affiliated Financial Institution 1.3.2.10.40-9 LC - Affiliated Financial Institution 1.3.2.10.50-2 LI - Affiliated Financial Institution Provision for devaluation of fixed-income securities of the own portfolio linked to repurchase agreements 1.3.2.99.30-3 Federal Public Securities - National Treasury 1.3.2.99.40-6 Federal Public Securities - Central Bank 1.3.2.99.60-2 Securities Issued by Affiliated Financial Institutions Federal public securities deposited at the Central Bank 1.3.4.10.00-3 Central Bank - Deposits for Capital in Securities 1.3.4.20.00-0 Central Bank - Compulsory Reserves in Securities
1.3.4.30.00-7 Central Bank - Securities Linked to Financial Assistance 1.3.4.40.00-4 Central Bank - Securities Linked to External Resources Amounts deposited at the Central Bank 1.4.2.10.00-6 Central Bank - Deposits in Foreign Currencies 1.4.2.15.00-1 Central Bank - Deposits for Capital in Cash 1.4.2.25.00-8 Central Bank - Collection of Rural Credit Funds 1.4.2.28.00-5 Compulsory Reserves in Specie at the Central Bank 1.4.2.33.00-7 Central Bank - Mandatory Collections 1.4.2.35.00-5 Central Bank - Other Deposits Provision for devaluation of linked credits 1.4.2.99.10-6 Linked Credits - Banco Central Amount of tax incident on any income that must be taxed at source and of tax paid as an advance and that the institution has the right to offset 1.8.8.45.00-6 Income Tax to Offset 1.8.8.50.00-8 Income Tax to Recover REDUCED RISK - Weighting Factor 20% Free-movement bank deposits held in banks 1.1.2.00.00-2 Bank Deposits Temporary investments in physical gold 1.1.4.00.00-8 Gold Investments Deposits and credits, as well as banknotes and coins in foreign currencies 1.1.5.00.00-1 Foreign Currency Availability Checks and other papers sent to the clearing service 1.4.1.00.00-6 Check and Other Paper Clearing Service Tax credits arising from expenses recorded in the period that are deductible in subsequent years - expire in 4 (four) years 1.8.8.25.00-2 Tax Credits - Income Tax and Social Contribution REDUCED RISK - Weighting Factor 50% Investments in repurchase operations with own funds - banking position - state and municipal securities and those of financial institutions 1.2.1.10.20-1 State and Municipal Securities 1.2.1.10.25-6 Bank Deposit Certificates 1.2.1.10.35-9 Bills of Exchange 1.2.1.10.45-2 Real Estate Bills Investments in interfinancial deposits with own funds in financial institutions, as well as their provision 1.2.2.10.20-4 Non-Linked 1.2.2.10.40-0 Non-Linked - Linked to Rural Credit 1.2.2.20.20-1 Non-Linked 1.2.2.30.20-8 (-) Non-Linked 1.2.2.99.20-1 Non-Linked Investments in savings deposits by credit cooperatives 1.2.5.00.00-0 Investments in Savings Deposits Investments in foreign currencies abroad 1.2.6.10.10-3 Prior Notice 1.2.6.10.20-6 Fixed Term 1.2.6.20.10-0 Prior Notice 1.2.6.20.20-3 Fixed Term Investments in intermediated fixed-income securities - state and municipal public securities and those of financial institutions 1.3.1.05.20-8 State and Municipal Securities 1.3.1.05.25-3 Bank Deposit Certificates 1.3.1.05.35-6 Bills of Exchange 1.3.1.05.45-9 Real Estate Bills 1.3.1.05.55-2 Mortgage Bills Investments in fixed-income securities - own portfolio - state and municipal public securities and those of financial institutions 1.3.1.10.20-0 State and Municipal Securities 1.3.1.10.25-5 Bank Deposit Certificates 1.3.1.10.35-8 Bills of Exchange 1.3.1.10.45-1 Real Estate Bills 1.3.1.10.55-4 Mortgage Bills Investments in shares of investment funds, in TDEs and in DER 1.3.1.15.00-9 Shares of Investment Funds 1.3.1.50.20-8 Non-Linked 1.3.1.80.00-3
Investments in Remunerated Special Deposits - Conversions of Law No. 8.024/90 Investments in securities and marketable securities abroad 1.3.1.85.20-4 Securities Issued by the Government of Other Countries 1.3.1.85.30-7 Fixed-Income Securities - Brazilian State-Owned Companies 1.3.1.85.50-3 Variable-Income Securities - Brazilian State-Owned Companies Provision for devaluation of fixed-income securities of own portfolio 1.3.1.99.55-1 Securities Issued by Non-Linked Financial Institutions 1.3.1.99.60-9 State and Municipal Public Securities 1.3.1.99.70-2 Securities Issued by the Government of Other Countries 1.3.1.99.75-7 Securities Issued by Brazilian State-Owned Companies Abroad Investments in fixed-income securities linked to repurchase operations - state and municipal public securities and those of financial institutions 1.3.2.10.20-3 State and Municipal Securities 1.3.2.10.25-8 Bank Deposit Certificates 1.3.2.10.35-1 Bills of Exchange 1.3.2.10.45-4 Real Estate Bills Provision for devaluation of fixed-income securities of own portfolio linked to repurchase operations 1.3.2.99.65-7 Securities Issued by Non-Linked Financial Institutions 1.3.2.99.70-5 State and Municipal Public Securities Blocked fixed-income securities 1.3.4.50.00-1 Blocked Fixed-Income Securities Deposits held in official banks, linked to agreements for transfers of credit lines or provision of services 1.4.2.40.00-7 Official Banks - Deposits Linked to Agreement Amounts linked to the SFH relating to deposits in a fund managed by CEF and credit balances with FGTS 1.4.2.55.00-9 SFH - Deposits in FAHBRE 1.4.2.60.00-1 SFH - FGTS to Reimburse Provision for devaluation of linked credits 1.4.2.99.20-9 Linked Credits - Official Banks 1.4.2.99.30-2 Linked Credits - FAHBRE 1.4.2.99.40-5 Linked Credits - FGTS Credits arising from transfers of resources to other financial institutions 1.4.3.10.99-9 Other Institutions 1.4.3.20.00-6 Debtors for Transfers of External Resources 1.4.3.60.00-4 Debtors for Transfers to Financial Agents 1.4.3.90.00-5 Debtors for Transfers of Other Resources Provision for devaluation of interfinancial transfers 1.4.3.99.90-3 Other Housing financing in normal situation 1.6.4.30.00-4 Housing Financing 1.6.4.60.30-4 Housing Foreign exchange buy/sale transactions of foreign currency and gold (not for import and export), and the respective advances, as well as amounts in foreign currencies relating to freight and export insurance premiums paid in advance of the settlement of the respective export foreign exchange transaction 1.8.2.06.30-8 Financial 1.8.2.07.30-7 (-) Financial 1.8.2.13.20-5 Gold 1.8.2.13.50-4 Financial 1.8.2.14.40-0 (-) Gold 1.8.2.14.50-3 (-) Financial 1.8.2.25.20-0 Financial 1.8.2.26.20-9 (-) From Financial Institutions 1.8.2.33.20-9 Financial 1.8.2.33.30-2 Gold 1.8.2.34.20-8 (-) Financial 1.8.2.34.40-4 (-) Gold 1.8.2.45.00-8 Amounts in Foreign Currencies to Receive 1.8.2.85.20-2 Financial 1.8.2.85.40-8 Gold Amounts to receive from transactions carried
out on stock exchanges, commodity exchanges and futures exchanges 1.8.4.10.00-8 Recording and Settlement Clearing Houses 1.8.4.40.00-9 Transactions with Financial Assets and Commodities to Settle Amount of interfinancial borrowings to be settled and redeemed later with CETIP on behalf of other institutions 1.8.4.70.00-0 Third-Party Interfinancial Borrowings to Settle 1.8.4.75.00-5 Third-Party Interfinancial Investments to Redeem Amount of confirmed export letters of credit, in the Country 3.0.1.20.00-8 Confirmed Export Credits 3.0.1.30.20-1 Institutions Authorized to Operate by the Central Bank 3.0.1.85.00-5 Co-liabilities in Credit Assignments NORMAL RISK - Weighting Factor 100% Investments in repurchase transactions with own funds - desk position - debentures and other securities 1.2.1.10.65-8 Debentures 1.2.1.10.99-5 Other Investments in intermediated fixed-income securities 1.3.1.05.65-5 Debentures 1.3.1.05.70-3 Eletrobrás Bonds 1.3.1.05.75-8 Agrarian Debt Securities 1.3.1.05.99-2 Other Investments in fixed-income securities - own portfolio 1.3.1.10.65-7 Debentures 1.3.1.10.70-5 Eletrobrás Bonds 1.3.1.10.75-0 Agrarian Debt Securities 1.3.1.10.91-8 Debentures - SIDERBRÁS 1.3.1.10.95-6 (-) Income to Accrue - Resolution 1.757 1.3.1.10.99-4 Other Investments in shares 1.3.1.20.00-1 Variable Income Securities Investments in securities linked to agricultural, livestock and agro-industrial products 1.3.1.60.00-9 Investments in "Commodities" Investments in securities and financial instruments abroad 1.3.1.85.40-0 Other Fixed Income Securities 1.3.1.85.60-6 Other Variable Income Securities 1.3.1.85.90-5 Other Fixed Income Securities of Companies under special regime 1.3.1.90.00-0 Securities and Financial Instruments of Companies under Special Regime Provision for impairment of fixed-income securities in the own portfolio 1.3.1.99.45-8 Federal Public Securities - Other 1.3.1.99.65-4 Investments in "Commodities" 1.3.1.99.95-3 Other Abroad 1.3.1.99.99-1 Other in the Country Fixed-income securities in the own portfolio linked to repurchase transactions - debentures and other securities 1.3.2.10.65-0 Debentures 1.3.2.10.91-1 Debentures - SIDERBRÁS 1.3.2.10.99-7 Other Provision for impairment of fixed-income securities in the own portfolio linked to repurchase transactions 1.3.2.99.50-9 Federal Public Securities - Other 1.3.2.99.99-4 Other Transactions linked to stock exchanges, commodity exchanges and futures exchanges 1.3.3.00.00-3 Linked to the Trading and Intermediation of Securities Securities accepted as privatization currency 1.3.5.00.00-9 Linked to the Acquisition of Shares of State-Owned Companies Amounts linked to the SFH 1.4.2.45.00-2 SFH - Bonus - Final Purchasers - Decree-Law 2.164/84 1.4.2.50.00-4 SFH - Stabilization Fund Quotas 1.4.2.57.00-7 SFH - Deposits in the FAL 1.4.2.65.00-6 SFH - Salary Variation Compensation Fund 1.4.2.70.00-8 SFH - Transfer of Savings Deposits 1.4.2.80.00-5 Rural Credit - Proagro to Receive Provision for impairment
of linked credits 1.4.2.99.50-8 Linked Credits - PROAGRO 1.4.2.99.60-1 Linked Credits - SFH Credits resulting from the transfer of rural credit funds to credit cooperatives 1.4.3.10.10-2 Rural Credit Cooperatives Provision for impairment of interfinancial transfers 1.4.3.99.10-9 Rural Credit Cooperatives Credits resulting from transactions with correspondents 1.4.4.00.00-5 Relations with Correspondents Financing and loan transactions 1.6.1.00.00-4 Loans and Discounted Securities 1.6.2.00.00-7 Financing 1.6.3.00.00-0 Rural and Agro-industrial Financing 1.6.4.10.00-0 Real Estate Development Financing 1.6.4.35.00-9 Financing Without FCVS Coverage - Decree 97.222/88 1.6.4.40.00-1 Mortgage Financing 1.6.4.60.10-8 Real Estate Developments - Prior to Decree-Law 2.291/86 1.6.4.60.20-1 Real Estate Developments - Subsequent to Decree-Law 2.291/86 1.6.4.60.40-7 Mortgage 1.6.4.90.00-6 Overdue Real Estate Financing 1.6.5.00.00-6 Financing of Securities and Financial Instruments 1.6.6.00.00-9 Infrastructure and Development Financing 1.6.9.00.00-8 Credit Transactions in Settlement Lease operations 1.7.1.00.00-3 Leases Receivable 1.7.3.00.00-9 Subleases Receivable 1.7.5.00.00-5 Residual Values to be Realized 1.7.9.00.00-7 Finance Lease Credits in Settlement Guarantee and surety operations honored 1.8.1.00.00-2 Guarantees and Sureties Honored Foreign exchange operations 1.8.2.06.10-2 Export - Bills to Deliver 1.8.2.06.20-5 Export - Bills Delivered 1.8.2.07.10-1 (-) Export 1.8.2.13.30-8 Export - Bills to Deliver 1.8.2.13.40-1 Export - Bills Delivered 1.8.2.14.30-7 (-) Export 1.8.2.20.00-9 Foreign Currency Exchange and Term Documents 1.8.2.25.10-7 Import 1.8.2.26.10-6 (-) From Customers 1.8.2.33.10-6 Import 1.8.2.34.10-5 (-) Import 1.8.2.75.00-9 Rents Receivable from Advances Granted 1.8.2.78.00-6 Rents Receivable from Financed Imports 1.8.2.81.00-0 Rents Receivable from Financed Imports - Floating Rates 1.8.2.85.10-9 Export 1.8.2.85.30-5 Import Amounts to be received relating to rents from commissions, brokerage fees and other services provided 1.8.3.00.00-8 Rents Receivable Trading and intermediation of operations on stock exchanges, commodity exchanges and futures exchanges 1.8.4.05.00-6 Exchanges - Margin Deposits 1.8.4.15.00-3 Investment Certificates for Conversion 1.8.4.30.00-2 Debtors - Account Pending Settlements 1.8.4.35.00-7 Guarantee Fund for Settlement of Operations 1.8.4.48.00-1 Margin Operations - Value Fluctuations 1.8.4.50.00-6 Forward Sales Receivable 1.8.4.53.00-3 "Swap" Operations - Differential Receivable 1.8.4.90.00-4 Other Credits from Trading and Intermediation of Securities Specific credits of CEF and BNDES 1.8.5.00.00-4 Specific Credits Special operations of Banco do Brasil with the National Treasury 1.8.6.00.00-7 Special Operations Specific values of CEF 1.8.7.00.00-0 Specific Values Miscellaneous credits 1.8.8.03.00-0 Salary Advances and Anticipations 1.8.8.05.00-8 Advances for Payments on Our Account 1.8.8.10.00-0 Advances on Account of
Fixed Assets 1.8.8.15.00-5 Checks to Receive 1.8.8.20.00-7 Credits Arising from Export Contracts 1.8.8.30.00-4 Deposits for the Acquisition of Telephones 1.8.8.35.00-9 Debtors for Purchase of Securities and Goods 1.8.8.40.00-1 Debtors for Margin Deposits 1.8.8.60.00-5 Options for Tax Incentives 1.8.8.65.00-0 Payments to Reimburse 1.8.8.70.00-2 Shares Paid in Advance 1.8.8.80.00-9 Securities and Credits to Receive 1.8.8.85.00-4 Values to Receive from Related Companies 1.8.8.90.00-6 Miscellaneous Debtors - Abroad 1.8.8.92.00-4 Miscellaneous Debtors - Country Other credits in settlement of miscellaneous credits 1.8.9.00.00-6 Other Credits in Settlement Temporary investments and assets not for own use 1.9.0.00.00-8 Other Values and Assets Fixed assets less participations in institutions authorized to operate by the Central Bank, in the country and abroad 2.1.1.20.20-6 Non-Financial Institutions 2.1.1.90.20-5 Non-Financial Institutions 2.1.1.99.30-9 Non-Financial Institutions 2.1.2.10.15-4 Other Participations - MEP 2.1.2.10.20-2 Consortium Administrators - MEP 2.1.2.10.50-1 Consortium Administrators 2.1.2.10.55-6 Other Participations 2.1.2.10.95-8 Shares of Privatized Companies 2.1.2.99.10-6 Consortium Administrators 2.1.2.99.15-1 Other Participations 2.1.3.00.00-2 Investments for Tax Incentives 2.1.4.00.00-5 Capital Securities 2.1.5.00.00-8 Shares and Quotas 2.1.9.00.00-0 Other Investments 2.2.0.00.00-2 Fixed Assets for Use 2.3.0.00.00-1 Fixed Assets for Leasing 2.4.0.00.00-0 Deferred Co-liabilities and risks in guarantees provided 3.0.1.10.00-1 Credits Opened for Import 3.0.1.15.00-6 Credits Opened for Import - Floating Rates 3.0.1.30.90-2 Other Entities 3.0.1.90.00-7 Beneficiaries of Other Co-liabilities